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>Western Digital Corporation's (WDC) recent earnings call for the first quarter of fiscal year 2026 provides a comprehensive overview of the company's current position, its strategies to navigate market dynamics, and its future prospects.</li><li>This analysis extracts key insights from the call, presenting a nuanced investment thesis reflecting both the strengths and challenges evident from the results.</li><li>Western Digital continues to experience significant demand driven by the proliferation of AI across industries, necessitating robust data storage solutions.</li></ul>

Western Digital Corporation's (WDC) recent earnings call for the first quarter of fiscal year 2026 provides a comprehensive overview of the company's current position, its strategies to navigate market dynamics, and its future prospects.This analysis extracts key insights from the call, presenting a nuanced investment thesis reflecting both the strengths and challenges evident from the results.Western Digital continues to experience significant demand driven by the proliferation of AI across industries, necessitating robust data storage solutions.

Western Digital Ships 70 Exabytes — Will Its Next-Gen Drives Up The Game In The AI Data Race?

<ul><li>Peloton Interactive recently shared a mixed performance in its fourth-quarter fiscal year 2025 earnings, balancing both positive strides and lingering challenges.</li><li>The company ended the quarter with 2.8 million Paid Connected Fitness subscriptions, marking a notable decrease of 80,000 from the previous quarter, primarily due to lower hardware sales and higher churn, aligning with seasonal trends.</li><li>However, Peloton exceeded its guidance on other key financial metrics, reflecting strategic efforts to optimize costs and improve profitability.</li></ul>

Peloton Interactive recently shared a mixed performance in its fourth-quarter fiscal year 2025 earnings, balancing both positive strides and lingering challenges.The company ended the quarter with 2.8 million Paid Connected Fitness subscriptions, marking a notable decrease of 80,000 from the previous quarter, primarily due to lower hardware sales and higher churn, aligning with seasonal trends.However, Peloton exceeded its guidance on other key financial metrics, reflecting strategic efforts to optimize costs and improve profitability.

Peloton Interactive: An Insight Into Its Innovative Product Development Efforts & Pricing Strategies!

<ul><li>Western Digital Corporation reported strong fourth-quarter fiscal 2025 financial results, showcasing increased demand driven chiefly by the data center market, predominantly through hyperscale customers.</li><li>The company generated $2.6 billion in revenue, which constituted a 30% yearly increase, and achieved a non-GAAP gross margin of 41.3%.</li><li>This result was driven by the mix shift toward higher capacity drives and effective cost management.</li></ul>

Western Digital Corporation reported strong fourth-quarter fiscal 2025 financial results, showcasing increased demand driven chiefly by the data center market, predominantly through hyperscale customers.The company generated $2.6 billion in revenue, which constituted a 30% yearly increase, and achieved a non-GAAP gross margin of 41.3%.This result was driven by the mix shift toward higher capacity drives and effective cost management.

Western Digital Corporation: Can They Build A Strong Competitive Positioning In The AI-Driven Economy?

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Event-Driven

<ul>
<li>Small caps generally trade between a 50% discount to the S&amp;P 500 and a 50% premium. The current discount is 22%.</li>
<li>Relative periods of outperformance tend to last for waves of at least 13 years.</li>
<li>The current dominance of large caps over small caps has lasted ~13 years. This suggests the cycle could be due to change.</li>
</ul>


Small caps generally trade between a 50% discount to the S&amp;P 500 and a 50% premium. The current discount is 22%.
Relative periods of outperformance tend to last for waves of at least 13 years.
The current dominance of large caps over small caps has lasted ~13 years. This suggests the cycle could be due to change.


<ul><li>Western Digital's recent earnings provides a comprehensive look into the company's current standing, reflecting both strengths and challenges.</li><li>The company reported revenue of $2.3 billion for the third fiscal quarter of 2025, which is a 31% year-over-year increase, but a 5% sequential decline.</li><li>Non-GAAP gross margin stood at 40.1%, showcasing an improvement over their previous guidance, with non-GAAP earnings per share reaching $1.36.</li></ul>

Western Digital's recent earnings provides a comprehensive look into the company's current standing, reflecting both strengths and challenges.The company reported revenue of $2.3 billion for the third fiscal quarter of 2025, which is a 31% year-over-year increase, but a 5% sequential decline.Non-GAAP gross margin stood at 40.1%, showcasing an improvement over their previous guidance, with non-GAAP earnings per share reaching $1.36.

Western Digital’s Margin-Expansion Strategy & Market Tailwinds Are Upping Its Game But Is It A Long-Term BUY?

United States

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

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Western Digital (WDC US)

Western Digital Ships 70 Exabytes — Will Its Next-Gen Drives Up The Game In The AI Data Race?

Western Digital Corporation's (WDC) recent earnings call for the first quarter of fiscal year 2026 provides a comprehensive overview of the...

Baptista Research

Peloton Interactive: An Insight Into Its Innovative Product Development Efforts & Pricing Strategies!

Peloton Interactive recently shared a mixed performance in its fourth-quarter fiscal year 2025 earnings, balancing both positive strides and...

Baptista Research

Western Digital Corporation: Can They Build A Strong Competitive Positioning In The AI-Driven Economy?

Western Digital Corporation reported strong fourth-quarter fiscal 2025 financial results, showcasing increased demand driven chiefly by the data...

Baptista Research

Weekly Update (WDC, SNDK, MRP, IAC)

Small caps generally trade between a 50% discount to the S&P 500 and a 50% premium. The current discount is 22%. Relative periods of outperformance...

Richard Howe

Western Digital’s Margin-Expansion Strategy & Market Tailwinds Are Upping Its Game But Is It A Long-Term BUY?

Western Digital's recent earnings provides a comprehensive look into the company's current standing, reflecting both strengths and challenges. The...

Baptista Research

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