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>NetApp is not the kind of company that usually dominates the AI conversation.</li><li>It does not sell the hottest GPUs, build famous chatbots, or generate the same market excitement as the biggest model builders.</li><li>Yet its recent move higher on takeover speculation shows why investors may need to widen the AI lens.</li></ul>

NetApp is not the kind of company that usually dominates the AI conversation.It does not sell the hottest GPUs, build famous chatbots, or generate the same market excitement as the biggest model builders.Yet its recent move higher on takeover speculation shows why investors may need to widen the AI lens.

NetApp’s Takeover Chatter Hints At A Bigger AI Shift!

<ul><li>NetApp's latest financial performance in the third quarter of fiscal year 2026 paints a mixed picture, balancing solid growth drivers with industry challenges.</li><li>On the one hand, the company reported a 4% year-over-year increase in revenue, reaching $1.71 billion, with operating income and non-GAAP earnings per share hitting record highs.</li><li>Excluding the divested Spot business, revenue grew by 6%, highlighting a promising trajectory in core operations.</li></ul>

NetApp's latest financial performance in the third quarter of fiscal year 2026 paints a mixed picture, balancing solid growth drivers with industry challenges.On the one hand, the company reported a 4% year-over-year increase in revenue, reaching $1.71 billion, with operating income and non-GAAP earnings per share hitting record highs.Excluding the divested Spot business, revenue grew by 6%, highlighting a promising trajectory in core operations.

NetApp’s High-Margin Public Cloud Business Is Scaling Fast — Is This The Hidden Engine Behind Future Profit Growth?

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.

Thematic (Sector/Industry)

<ul><li>Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.</li><li>Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.</li><li>This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed. </li></ul>

Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed. 

<ul><li>NetApp reported robust financial results for the second quarter of fiscal year 2026, indicating strong operational execution and favorable market positioning.</li><li>The company's total revenue for the quarter was $1.71 billion, marking an increase of 3% year-over-year.</li><li>When excluding the divested Spot business, revenue grew by 4%.</li></ul>

NetApp reported robust financial results for the second quarter of fiscal year 2026, indicating strong operational execution and favorable market positioning.The company's total revenue for the quarter was $1.71 billion, marking an increase of 3% year-over-year.When excluding the divested Spot business, revenue grew by 4%.

NetApp Inc.: What’s Inside the Sovereign AI Push & How Does AFX Expand the Global Opportunity?

<ul><li>NetApp, Inc.’s performance in the first quarter of fiscal year 2026 showcased a blend of stability and challenge, reflecting both opportunities and headwinds in the market landscape.</li><li>The company reported revenues of $1.56 billion, exceeding the midpoint of their guidance, largely driven by strong performance in the Americas.</li><li>This offset declines in the U.S. public sector and the EMEA region.</li></ul>

NetApp, Inc.’s performance in the first quarter of fiscal year 2026 showcased a blend of stability and challenge, reflecting both opportunities and headwinds in the market landscape.The company reported revenues of $1.56 billion, exceeding the midpoint of their guidance, largely driven by strong performance in the Americas.This offset declines in the U.S. public sector and the EMEA region.

NetApp: Can Its Cloud Margins Really Climb to 85% & Beyond?

United States

NetApp, Inc. provides storage and data management solutions. The Company's storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp  serves enterprises, government agencies, and universities worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Netapp Inc (NTAP US)

NetApp’s Takeover Chatter Hints At A Bigger AI Shift!

NetApp is not the kind of company that usually dominates the AI conversation. It does not sell the hottest GPUs, build famous chatbots, or...

Baptista Research

NetApp’s High-Margin Public Cloud Business Is Scaling Fast — Is This The Hidden Engine Behind Future Profit Growth?

NetApp's latest financial performance in the third quarter of fiscal year 2026 paints a mixed picture, balancing solid growth drivers with...

Baptista Research

Factors and Semiconductors

A friendly warning. Momentum is outperforming all factors this year, and Semiconductors are a large part of that. Markets always act erratically,...

Fabricated Knowledge

NetApp Inc.: What’s Inside the Sovereign AI Push & How Does AFX Expand the Global Opportunity?

NetApp reported robust financial results for the second quarter of fiscal year 2026, indicating strong operational execution and favorable market...

Baptista Research

NetApp: Can Its Cloud Margins Really Climb to 85% & Beyond?

NetApp, Inc.’s performance in the first quarter of fiscal year 2026 showcased a blend of stability and challenge, reflecting both opportunities...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)