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>Western Digital Corporation's second-quarter fiscal 2026 results present a complex landscape of achievements and challenges as the company addresses the rapidly evolving demands of AI and cloud computing.</li><li>With AI and cloud computing serving as a major drivers of growth, the company continues to focus on developing higher-density storage solutions to meet the needs of its hyperscale customers.</li><li>The company's commitment to increasing areal density through advancements in technologies such as Heat-Assisted Magnetic Recording (HAMR) and energy-assisted Perpendicular Magnetic Recording (ePMR), as well as the upshift to UltraSMR technology, highlights its strategy for staying competitive in this landscape.</li></ul>

Western Digital Corporation's second-quarter fiscal 2026 results present a complex landscape of achievements and challenges as the company addresses the rapidly evolving demands of AI and cloud computing.With AI and cloud computing serving as a major drivers of growth, the company continues to focus on developing higher-density storage solutions to meet the needs of its hyperscale customers.The company's commitment to increasing areal density through advancements in technologies such as Heat-Assisted Magnetic Recording (HAMR) and energy-assisted Perpendicular Magnetic Recording (ePMR), as well as the upshift to UltraSMR technology, highlights its strategy for staying competitive in this landscape.

Western Digital’s Hyperscale Lock-In Looks Real—How Durable Is Demand Through 2028?