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>Skyworks Solutions, Inc. has showcased a noteworthy performance in its fourth fiscal quarter of 2025, reflecting strategic progress and operational resilience.</li><li>In this recent earnings call, the company reported financial results that exceeded expectations, marking its third consecutive quarter of both revenue and non-GAAP EPS surpassing forecasts.</li><li>Skyworks announced a revenue of $1.1 billion for the quarter, along with earnings per share (EPS) of $1.76.</li></ul>

Skyworks Solutions, Inc. has showcased a noteworthy performance in its fourth fiscal quarter of 2025, reflecting strategic progress and operational resilience.In this recent earnings call, the company reported financial results that exceeded expectations, marking its third consecutive quarter of both revenue and non-GAAP EPS surpassing forecasts.Skyworks announced a revenue of $1.1 billion for the quarter, along with earnings per share (EPS) of $1.76.

Skyworks Solutions Makes a High-Voltage Push Into Mobile—Will It Rewrite the RF Game?

<ul><li>Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics, including revenue, earnings per share (EPS), and free cash flow.</li><li>The company reported revenue of $965 million, which exceeded the high end of its guidance, owing to robust performance in both its Mobile and Broad Markets segments.</li><li>The earnings per share of $1.33 and free cash flow of $253 million were also above guidance, marking a solid quarter for the company.</li></ul>

Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics, including revenue, earnings per share (EPS), and free cash flow.The company reported revenue of $965 million, which exceeded the high end of its guidance, owing to robust performance in both its Mobile and Broad Markets segments.The earnings per share of $1.33 and free cash flow of $253 million were also above guidance, marking a solid quarter for the company.

Skyworks Solutions: AI-Driven Growth in Smartphone Markets Benefiting Through Increased Sales Volume & Higher Content Per Device!

<ul><li>Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational landscape.</li><li>The company delivered revenue of $953 million and earnings per share of $1.24, both slightly exceeding the midpoint of their guidance.</li><li>Gross profit was $445 million, with a gross margin of 46.7%, indicating strong execution in cost management and operational efficiency.</li></ul>

Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational landscape.The company delivered revenue of $953 million and earnings per share of $1.24, both slightly exceeding the midpoint of their guidance.Gross profit was $445 million, with a gross margin of 46.7%, indicating strong execution in cost management and operational efficiency.

Skyworks Solutions: Its RF Expertise In The 5G Era Is Probably Its Single Biggest Competitive Edge! – Major Drivers

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>KLA had a rare miss. The guidance was a bit light for the inspection execution machine.</li><li>KLA rarely misses and is by far the best financially managed of the large-cap semicap companies.</li><li>KLA reports Q2 EPS $6.16 ex-items vs FactSet $5.91</li></ul>

KLA had a rare miss. The guidance was a bit light for the inspection execution machine.KLA rarely misses and is by far the best financially managed of the large-cap semicap companies.KLA reports Q2 EPS $6.16 ex-items vs FactSet $5.91

KLA & LaserTec, AMD, Hyperscaler Capex, SK Hynix, SWKS and QRVO, WOLF, MCHP

Asia and Global Semiconductor and Tech Research

Andrew Lu

Thematic (Sector/Industry)

<ul>
<li>During MOI correction period, global semi equipment and manufacturing vendors might under-perform semi product companies on sales/earnings and share price performance in next 6 months given utilization remains below 80%.</li>
<li>A healthy MOI correction in PC/smartphone semi might result in global logic MOI to fall to 3.7-3.8 months in 3Q23, down 15% q/q and 8% y/y, heading to historical low. </li>
<li>China fabless reduced MOI to 6.4 months in 3Q23, down 16% q/q and 26% y/y. Although 2x over 3.5 months low, we expect 4-5 months in future due to restrictions.</li>
</ul>


During MOI correction period, global semi equipment and manufacturing vendors might under-perform semi product companies on sales/earnings and share price performance in next 6 months given utilization remains below 80%.
A healthy MOI correction in PC/smartphone semi might result in global logic MOI to fall to 3.7-3.8 months in 3Q23, down 15% q/q and 8% y/y, heading to historical low. 
China fabless reduced MOI to 6.4 months in 3Q23, down 16% q/q and 26% y/y. Although 2x over 3.5 months low, we expect 4-5 months in future due to restrictions.


More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction

United States

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications.  The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

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Skyworks Solutions (SWKS US)

Skyworks Solutions Makes a High-Voltage Push Into Mobile—Will It Rewrite the RF Game?

Skyworks Solutions, Inc. has showcased a noteworthy performance in its fourth fiscal quarter of 2025, reflecting strategic progress and...

Baptista Research

Skyworks Solutions: AI-Driven Growth in Smartphone Markets Benefiting Through Increased Sales Volume & Higher Content Per Device!

Skyworks Solutions, Inc. reported its third quarter fiscal 2025 results, delivering above-expectation performance in key financial metrics,...

Baptista Research

Skyworks Solutions: Its RF Expertise In The 5G Era Is Probably Its Single Biggest Competitive Edge! – Major Drivers

Skyworks Solutions reported its second fiscal quarter 2025 results, highlighting both strengths and challenges within its operational...

Baptista Research

KLA & LaserTec, AMD, Hyperscaler Capex, SK Hynix, SWKS and QRVO, WOLF, MCHP

Another week of earnings, with KLA having a rare miss and the guidance being a bit light for the inspection execution machine.

Fabricated Knowledge

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction

More Signs of Fab Utilization Recovery Starting Mid-2024 Post Current MOI Correction. During the period, global semi equipment and manufacturing...

Andrew Lu

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