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>Teradyne reported a record first-quarter 2026 with revenue reaching approximately $1.3 billion and non-GAAP earnings per share (EPS) of $2.56, surpassing previous highs set during the mobile peak of 2021.</li><li>The company attributed this growth primarily to robust demand driven by artificial intelligence (AI) across its portfolio, which includes Semiconductor Test, Product Test, and Robotics segments.</li><li>AI-related demand constituted nearly 70% of revenue for the quarter, up from 60% in late 2025, reflecting Teradyne’s strategic focus on the expanding AI ecosystem, including verticalization, electrification, and AI-driven growth waves.</li></ul>

Teradyne reported a record first-quarter 2026 with revenue reaching approximately $1.3 billion and non-GAAP earnings per share (EPS) of $2.56, surpassing previous highs set during the mobile peak of 2021.The company attributed this growth primarily to robust demand driven by artificial intelligence (AI) across its portfolio, which includes Semiconductor Test, Product Test, and Robotics segments.AI-related demand constituted nearly 70% of revenue for the quarter, up from 60% in late 2025, reflecting Teradyne’s strategic focus on the expanding AI ecosystem, including verticalization, electrification, and AI-driven growth waves.

Teradyne’s GPU Testing Push Is Accelerating Fast—Can It Capture the AI Semiconductor Boom?

Teradyne Inc

Teradyne’s GPU Testing Push Is Accelerating Fast—Can It Capture the AI Semiconductor Boom?