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>FormFactor reported first quarter 2025 results that showed a sequential decline in revenue and profitability, aligning with previous expectations due to decreased demand for both DRAM probe cards and systems.</li><li>While revenues dipped by 9.6% from the previous quarter, they rose by 1.6% year-over-year.</li><li>Looking ahead, the company anticipates a rebound in the second quarter, expecting double-digit sequential revenue growth driven primarily by increased demand for high-bandwidth memory (HBM) DRAM probe cards and co-packaged optics test systems.</li></ul>

FormFactor reported first quarter 2025 results that showed a sequential decline in revenue and profitability, aligning with previous expectations due to decreased demand for both DRAM probe cards and systems.While revenues dipped by 9.6% from the previous quarter, they rose by 1.6% year-over-year.Looking ahead, the company anticipates a rebound in the second quarter, expecting double-digit sequential revenue growth driven primarily by increased demand for high-bandwidth memory (HBM) DRAM probe cards and co-packaged optics test systems.

FormFactor Inc. Rides the HBM Boom with Cutting-Edge Tech & Explosive Demand; Is This Growth Here To Stay?!

Formfactor Inc

FormFactor Inc. Rides the HBM Boom with Cutting-Edge Tech & Explosive Demand; Is This Growth Here To Stay?!