Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Bottom-Up

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

<ul><li>Nvidia posted earnings yesterday, and guidance was light of buy-side bogeys. I’m not going to step into the mind game of bogeys here, but there are some finer points to focus on.</li><li>NVIDIA reports Q3 EPS $0.81 ex-items vs FactSet $0.75. Reports Q3: Revenue $35.08B vs FactSet $33.17B (2 billion beat like clockwork)</li><li>Q4 Guidance: Revenue $37.5B +/- 2% vs FactSet $37.09B (a bit light). GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively, +/- 50 bps. (also light)</li></ul>

Nvidia posted earnings yesterday, and guidance was light of buy-side bogeys. I’m not going to step into the mind game of bogeys here, but there are some finer points to focus on.NVIDIA reports Q3 EPS $0.81 ex-items vs FactSet $0.75. Reports Q3: Revenue $35.08B vs FactSet $33.17B (2 billion beat like clockwork)Q4 Guidance: Revenue $37.5B +/- 2% vs FactSet $37.09B (a bit light). GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively, +/- 50 bps. (also light)

NVIDIA: Waiting on Blackwell, and the Networking Question

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

Baptista Research

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.

Appian Corporation develops enterprise software solutions. The Company offers business process and cash management software. Appian serves customers worldwide.

<ul><li>Appian Corporation's third quarter of 2024 demonstrated mixed results, with notable areas of growth and some challenges.</li><li>The company's cloud subscription revenue grew by 22% year-over-year to $94.1 million, contributing to a total revenue increase of 12% to $154.1 million.</li><li>Such growth suggests strong demand for Appian's platform as organizations increasingly adopt cloud solutions.</li></ul>

Appian Corporation's third quarter of 2024 demonstrated mixed results, with notable areas of growth and some challenges.The company's cloud subscription revenue grew by 22% year-over-year to $94.1 million, contributing to a total revenue increase of 12% to $154.1 million.Such growth suggests strong demand for Appian's platform as organizations increasingly adopt cloud solutions.

Appian Corporation: Will Its Expansion in the Public Sector Be A Potential Game Changer? - Major Drivers

Monolithic Power Systems, Inc / Equity Bottom-Up

Monolithic Power Systems Inc specializes in high-performance, integrated power solutions. The Company provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications.

<ul><li>Monolithic Power Systems (MPS) recently reported a robust performance for the third quarter of 2024, epitomizing significant revenue growth and diversification across its product portfolio.</li><li>The company attained a record quarterly revenue of $620.1 million, marking a 22% increase from the previous quarter and an impressive 30% growth year-over-year.</li><li>This growth trajectory is attributed to MPS's advancing market strategy diversity and the beneficial onset of revenue steams from past design wins.</li></ul>

Monolithic Power Systems (MPS) recently reported a robust performance for the third quarter of 2024, epitomizing significant revenue growth and diversification across its product portfolio.The company attained a record quarterly revenue of $620.1 million, marking a 22% increase from the previous quarter and an impressive 30% growth year-over-year.This growth trajectory is attributed to MPS's advancing market strategy diversity and the beneficial onset of revenue steams from past design wins.

Monolithic Power Systems: Expansion in Diversified Markets Driving Our 'Buy' Rating! - Major Drivers

JFrog Ltd operates as a software development company. The Company provides technologies and tools for the everyday use and to increase the effectiveness. JFrog serves customers worldwide.

<ul><li>JFrog's third-quarter 2024 financial results provide insights into the company's current performance and future potential.</li><li>The company reported a strong quarter with total revenue reaching $109.1 million, representing a 23% year-over-year increase.</li><li>Notably, cloud revenue grew by 38% to $42.4 million, indicating a significant strategic push towards cloud migration, a factor that has been a focal point in its business model.</li></ul>

JFrog's third-quarter 2024 financial results provide insights into the company's current performance and future potential.The company reported a strong quarter with total revenue reaching $109.1 million, representing a 23% year-over-year increase.Notably, cloud revenue grew by 38% to $42.4 million, indicating a significant strategic push towards cloud migration, a factor that has been a focal point in its business model.

JFrog Ltd.: Advanced Security & Platform Integration Driving Our Bullishness! - Major Drivers

CarGurus, Inc. retails automobiles and accessories. The Company offers new and used passenger cars, sports utility vehicles, hatchbacks, convertibles, vans, and pickup trucks. CarGurus serves customers in the United States.

<ul><li>CarGurus recently reported its third-quarter financial results for 2024, revealing several facets of its operational and financial performance that offer insights for potential investors.</li><li>On the positive side, CarGurus demonstrated a robust performance in its Marketplace business, with revenue increasing by 15% year-over-year to $204 million, marking a notable achievement primarily due to new dealer additions globally, a shift towards higher subscription tiers, and increased adoption of value-added services.</li><li>The company outperformed its competitors and gained market share within the automotive marketplace industry, a testament to its effective strategic execution and value proposition for dealer partners.</li></ul>

CarGurus recently reported its third-quarter financial results for 2024, revealing several facets of its operational and financial performance that offer insights for potential investors.On the positive side, CarGurus demonstrated a robust performance in its Marketplace business, with revenue increasing by 15% year-over-year to $204 million, marking a notable achievement primarily due to new dealer additions globally, a shift towards higher subscription tiers, and increased adoption of value-added services.The company outperformed its competitors and gained market share within the automotive marketplace industry, a testament to its effective strategic execution and value proposition for dealer partners.

CarGurus Inc.: An Insight Into Its Digital Deal Expansion & Other Major Drivers