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

Baptista Research

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.

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>Broadcom Inc. reported a strong second quarter fiscal year 2026 performance with total revenue reaching a record $22.2 billion, marking a 48% year-over-year increase and surpassing company guidance.</li><li>This growth was heavily driven by the semiconductor segment, which generated $15 billion in revenue, up 79% year-over-year, primarily fueled by AI semiconductors that contributed $10.8 billion—a 143% increase year-over-year.</li><li>AI semiconductor bookings notably exceeded $30 billion, more than double the shipments during the quarter, and the company anticipates AI semiconductor revenue to reach $16 billion in Q3, reflecting over 200% growth year-over-year, and to exceed $56 billion for the full year, up approximately 180% from fiscal 2025.</li></ul>

Broadcom Inc. reported a strong second quarter fiscal year 2026 performance with total revenue reaching a record $22.2 billion, marking a 48% year-over-year increase and surpassing company guidance.This growth was heavily driven by the semiconductor segment, which generated $15 billion in revenue, up 79% year-over-year, primarily fueled by AI semiconductors that contributed $10.8 billion—a 143% increase year-over-year.AI semiconductor bookings notably exceeded $30 billion, more than double the shipments during the quarter, and the company anticipates AI semiconductor revenue to reach $16 billion in Q3, reflecting over 200% growth year-over-year, and to exceed $56 billion for the full year, up approximately 180% from fiscal 2025.

Broadcom’s $30 Billion AI Bookings Surge: Is Wall Street Still Underestimating This Giant?