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>Peloton Interactive, Inc., the manufacturer and seller of indoor exercise bicycles and treadmills, released its Q2 2024 result addressing several impactful issues regarding market penetration and sustainability.</li><li>During the earnings, several overarching themes were pointed out, such as Tread and Tread+ growth, the strengthening of the all-important second leg to support growth, and the area's substantial rise in renewal growth.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Peloton Interactive, Inc., the manufacturer and seller of indoor exercise bicycles and treadmills, released its Q2 2024 result addressing several impactful issues regarding market penetration and sustainability.During the earnings, several overarching themes were pointed out, such as Tread and Tread+ growth, the strengthening of the all-important second leg to support growth, and the area's substantial rise in renewal growth.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Peloton Interactive: What Is The Impact Of The Recent TikTok & Lululemon Partnerships - Major Drivers

<ul><li>In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD businesses.</li><li>The company reported revenue of $3 billion, a non-GAAP gross margin of 15.5%, and a non-GAAP loss per share of $0.69.</li><li>These numbers met or exceeded the guidance range provided in October.</li></ul>

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD businesses.The company reported revenue of $3 billion, a non-GAAP gross margin of 15.5%, and a non-GAAP loss per share of $0.69.These numbers met or exceeded the guidance range provided in October.

Western Digital Corporation: A Tale Of  Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

<ul>
<li>SK hynix earnings were announced, with a 10% Q/Q revenue increase driving a 734% increase in operating profit</li>
<li>Although the company cited AI demand as the basis for this, its DRAM revenues, which are very AI dependent, increase very little</li>
<li>NAND SSD demand increased significantly, with a 30% increase in revenues, largely attributable to price increases</li>
</ul>


SK hynix earnings were announced, with a 10% Q/Q revenue increase driving a 734% increase in operating profit
Although the company cited AI demand as the basis for this, its DRAM revenues, which are very AI dependent, increase very little
NAND SSD demand increased significantly, with a 30% increase in revenues, largely attributable to price increases


<ul><li>Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.</li><li>Peloton's management anticipates a noteworthy upturn in Connected Fitness's gross margin for the upcoming quarter.</li><li>This positive shift is attributed to the expected leverage of fixed costs resulting from increased unit sales in Connected Fitness.</li></ul>

Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par earnings.Peloton's management anticipates a noteworthy upturn in Connected Fitness's gross margin for the upcoming quarter.This positive shift is attributed to the expected leverage of fixed costs resulting from increased unit sales in Connected Fitness.

Peloton Interactive Inc.: Tread+ & Other Major Factors Pushing Up Their Market Share! - Financial Forecasts

<ul><li>Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations.</li><li>The expansive opportunity in the cloud sector, propelled by ongoing infrastructure expansion and high-speed networks, positions Western Digital favorably.</li><li>In HDD, expectations include higher nearline shipments, seasonal demand in the consumer end market, and ongoing value-based price efforts, fostering sequential revenue and gross margin improvement throughout fiscal year 2024.</li></ul>

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations.The expansive opportunity in the cloud sector, propelled by ongoing infrastructure expansion and high-speed networks, positions Western Digital favorably.In HDD, expectations include higher nearline shipments, seasonal demand in the consumer end market, and ongoing value-based price efforts, fostering sequential revenue and gross margin improvement throughout fiscal year 2024.

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

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.

Western Digital (WDC US)

Peloton Interactive: What Is The Impact Of The Recent TikTok & Lululemon Partnerships - Major Drivers

Peloton Interactive, Inc., the manufacturer and seller of indoor exercise bicycles and treadmills, released its Q2 2024 result addressing several...

Baptista Research

Western Digital Corporation: A Tale Of Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD...

Baptista Research

SK Hynix: AI Is Still the Main Driver

Today's SK hynix earnings show the continued strength of AI demand, but not in HBM as most industry observers expected. This time NAND flash is...

Jim Handy

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations. The expansive opportunity in the cloud sector,...

Baptista Research

Peloton Interactive: What Is The Impact Of The Recent TikTok & Lululemon Partnerships - Major Drivers

Peloton Interactive, Inc., the manufacturer and seller of indoor exercise bicycles and treadmills, released its Q2 2024 result addressing several...

Baptista Research

Western Digital Corporation: A Tale Of Improving Profitability Through Cost Reduction and Optimized Product Mix! - Major Drivers

In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD...

Baptista Research

SK Hynix: AI Is Still the Main Driver

Today's SK hynix earnings show the continued strength of AI demand, but not in HBM as most industry observers expected. This time NAND flash is...

Jim Handy

Peloton Interactive Inc.: Tread+ & Other Major Factors Pushing Up Their Market Share! - Financial Forecasts

Peloton Interactive, Inc. delivered a mixed set of results in its most recent results, with revenues above Wall Street expectations but below-par...

Baptista Research

Western Digital Corporation: Navigating Market Fluctuations – A Look at Their Future Strategy! - Major Drivers

Western Digital Corporation managed to exceed Wall Street's revenue and earnings expectations. The expansive opportunity in the cloud sector,...

Baptista Research