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>Lockheed Martin Corporation’s first quarter of fiscal year 2026 financial results reflect a mixture of operational challenges and significant contract wins within a backdrop of sustained global defense demand.</li><li>The company posted sales of $18 billion, consistent with the prior year period, alongside a 12% decline in diluted earnings per share to $6.44, mainly due to lower profit margins and mark-to-market losses on investments and deferred compensation liabilities, partially offset by favorable pension accounting adjustments.</li><li>Segment operating profit decreased to $1.8 billion, influenced by adverse profit adjustments in the Aeronautics segment linked to F-16 and C-130 programs, as well as a lack of prior year nonrecurring favorable events.</li></ul>

Lockheed Martin Corporation’s first quarter of fiscal year 2026 financial results reflect a mixture of operational challenges and significant contract wins within a backdrop of sustained global defense demand.The company posted sales of $18 billion, consistent with the prior year period, alongside a 12% decline in diluted earnings per share to $6.44, mainly due to lower profit margins and mark-to-market losses on investments and deferred compensation liabilities, partially offset by favorable pension accounting adjustments.Segment operating profit decreased to $1.8 billion, influenced by adverse profit adjustments in the Aeronautics segment linked to F-16 and C-130 programs, as well as a lack of prior year nonrecurring favorable events.

Lockheed Martin: Pentagon Plans 85 F-35s In Fiscal 2027 Anchoring The Buy Case!