Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In a significant development, Mobileye, the Intel-backed autonomous driving technology company, has announced the acquisition of AI-powered robotics startup Mentee Robotics for a total consideration of $900 million.</li><li>The transaction, comprising $612 million in cash and approximately 26.2 million shares of stock, is expected to close in the first quarter of 2026.</li><li>Mentee Robotics will operate as an independent unit under Mobileye’s umbrella.</li></ul>

In a significant development, Mobileye, the Intel-backed autonomous driving technology company, has announced the acquisition of AI-powered robotics startup Mentee Robotics for a total consideration of $900 million.The transaction, comprising $612 million in cash and approximately 26.2 million shares of stock, is expected to close in the first quarter of 2026.Mentee Robotics will operate as an independent unit under Mobileye’s umbrella.

Mobileye Just Dropped $900M On Humanoid Robots—Are They Building The Next Tesla Bot?

<ul><li>Mobileye's earnings call for the third quarter of 2025 presents a nuanced picture of the company's current state and future prospects.</li><li>The company reported $504 million in revenue, showing a 4% year-over-year increase driven by an 8% growth in EyeQ volumes, despite only a modest 1% growth in overall vehicle production among its top customers.</li><li>Operating cash flow for the quarter was robust at $167 million and has reached nearly $500 million year-to-date, reflecting a notable 150% year-over-year increase.</li></ul>

Mobileye's earnings call for the third quarter of 2025 presents a nuanced picture of the company's current state and future prospects.The company reported $504 million in revenue, showing a 4% year-over-year increase driven by an 8% growth in EyeQ volumes, despite only a modest 1% growth in overall vehicle production among its top customers.Operating cash flow for the quarter was robust at $167 million and has reached nearly $500 million year-to-date, reflecting a notable 150% year-over-year increase.

Mobileye’s Next Big Leap: Inside the Race to Launch Eyes-Off Cars by 2027!

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain</li>
<li>Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?</li>
<li>Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance </li>
</ul>


Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain
Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?
Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance 


TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul><li>This is my quarterly piece, where I round up all of my favorite ideas (more explicitly) and explain some semiconductor jargon. This is a meta piece of content.</li><li>First and foremost, I’ll start with performance. SMH returned 14% this quarter, among the best quarters in history for the semiconductor universe (again).</li><li>This quarter's leader was AOSL, who is rumored to have won a socket at Nvidia.</li></ul>

This is my quarterly piece, where I round up all of my favorite ideas (more explicitly) and explain some semiconductor jargon. This is a meta piece of content.First and foremost, I’ll start with performance. SMH returned 14% this quarter, among the best quarters in history for the semiconductor universe (again).This quarter's leader was AOSL, who is rumored to have won a socket at Nvidia.

Fabricated Knowledge Q2 2024 Quarterly Review

<ul><li>I will start with a AMD section. Shares are down ~6-7% on last week’s result. Let’s talk about the result and why it was so disappointing.</li><li>AMD exactly matched EPS, was slightly light on revenue, and guided essentially in line with Q2 guidance.</li><li>This also was one of the slightest EPS and revenue beats in recent years. The last time this happened, the PC segment was imploding. This time it’s embedded revenue.</li></ul>

I will start with a AMD section. Shares are down ~6-7% on last week’s result. Let’s talk about the result and why it was so disappointing.AMD exactly matched EPS, was slightly light on revenue, and guided essentially in line with Q2 guidance.This also was one of the slightest EPS and revenue beats in recent years. The last time this happened, the PC segment was imploding. This time it’s embedded revenue.

AMD's MI300 Disappointment, Hyperscalers Capex, and FPGAs

Israel

Mobileye Global Inc. provides software and hardware technologies for automobiles. The Company specializes in development and deployment of driver assistance systems ("ADAS") and autonomous driving technologies and solutions. Mobileye Global serves customers worldwide.

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Mobileye Global (MBLY US)

Mobileye Just Dropped $900M On Humanoid Robots—Are They Building The Next Tesla Bot?

In a significant development, Mobileye, the Intel-backed autonomous driving technology company, has announced the acquisition of AI-powered...

Baptista Research

Mobileye’s Next Big Leap: Inside the Race to Launch Eyes-Off Cars by 2027!

Mobileye's earnings call for the third quarter of 2025 presents a nuanced picture of the company's current state and future prospects. The company...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

Fabricated Knowledge Q2 2024 Quarterly Review

Here's everything that happened this quarter, and some thoughts and ideas. This is my quarterly piece, where I round up all of my favorite ideas...

Fabricated Knowledge

AMD's MI300 Disappointment, Hyperscalers Capex, and FPGAs

This is my earnings overview for the Hyperscalers, AMD, and thoughts specifically on FPGAs. I will start with a AMD section. Shares are down ~6-7%...

Fabricated Knowledge

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52-week Range

Market Cap (USDm)

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Mobileye Just Dropped $900M On Humanoid Robots—Are They Building The Next Tesla Bot?

In a significant development, Mobileye, the Intel-backed autonomous driving technology company, has announced the acquisition of AI-powered...

Baptista Research

Mobileye’s Next Big Leap: Inside the Race to Launch Eyes-Off Cars by 2027!

Mobileye's earnings call for the third quarter of 2025 presents a nuanced picture of the company's current state and future prospects. The company...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

​Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

Fabricated Knowledge Q2 2024 Quarterly Review

Here's everything that happened this quarter, and some thoughts and ideas. This is my quarterly piece, where I round up all of my favorite ideas...

Fabricated Knowledge

AMD's MI300 Disappointment, Hyperscalers Capex, and FPGAs

This is my earnings overview for the Hyperscalers, AMD, and thoughts specifically on FPGAs. I will start with a AMD section. Shares are down ~6-7%...

Fabricated Knowledge

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...