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.

Equity Bottom-Up

<ul><li>Fabrinet's first-quarter results for fiscal year 2025 reveal both promising growth and challenges.</li><li>With a revenue of $804 million, the company surpassed the upper end of its guidance range, representing a 17% year-over-year increase and a 7% sequential rise from the previous quarter.</li><li>This growth was driven by significant performances in its major operating segments, particularly in optical communications.</li></ul>

Fabrinet's first-quarter results for fiscal year 2025 reveal both promising growth and challenges.With a revenue of $804 million, the company surpassed the upper end of its guidance range, representing a 17% year-over-year increase and a 7% sequential rise from the previous quarter.This growth was driven by significant performances in its major operating segments, particularly in optical communications.

Fabrinet - Fabrinet: An Insight Into Its Automotive & Industrial Innovation & Other Major Drivers

<ul><li>Fabrinet concluded the fiscal year 2024 on a strong note with record revenue and earnings per share, reflecting robust execution across its business segments.</li><li>For the fourth quarter, the company posted revenue of $753 million, exceeding its guidance and marking a 15% year-over-year increase and a 3% increase sequentially.</li><li>Non GAAP earnings per share for the quarter came in at $2.41, also surpassing the projected range.</li></ul>

Fabrinet concluded the fiscal year 2024 on a strong note with record revenue and earnings per share, reflecting robust execution across its business segments.For the fourth quarter, the company posted revenue of $753 million, exceeding its guidance and marking a 15% year-over-year increase and a 3% increase sequentially.Non GAAP earnings per share for the quarter came in at $2.41, also surpassing the projected range.

Fabrinet (FN): A Bear's Perspective! - Major Drivers

<ul><li>Fabrinet Q3 of Fiscal Year 2024 reflects a robust performance exceeding its own forecasts with a notable increase in revenue and earnings per share (EPS).</li><li>The company reported a record revenue of $731.5 million, representing a 10% year-over-year growth and a 3% sequential increase from the previous quarter.</li><li>Non-GAAP EPS was also impressive at $2.39, marking a significant rise from previous periods and exceeding the guidance provided by the company.</li></ul>

Fabrinet Q3 of Fiscal Year 2024 reflects a robust performance exceeding its own forecasts with a notable increase in revenue and earnings per share (EPS).The company reported a record revenue of $731.5 million, representing a 10% year-over-year growth and a 3% sequential increase from the previous quarter.Non-GAAP EPS was also impressive at $2.39, marking a significant rise from previous periods and exceeding the guidance provided by the company.

Fabrinet: Why We Are Pessimistic Despite The Rapid Growth in Datacom Driven by AI Applications! - Major Drivers

<ul><li>Fabrinet's recent earnings included a new record set for second quarter revenue and EPS due to rapid growth in datacom, driven specifically by next-gen AI interconnect, with revenue at $712.7 million, an increase of 7% from the previous year and 4% from the first quarter.</li><li>However, telecom revenue remained impacted by inventory absorption in the ecosystem – a possible note of concern.</li><li>The company expects telecom revenue to slightly increase in the third quarter as newer optical communication technologies, like extended reach pluggable optics, have seen increasing demand.</li></ul>

Fabrinet's recent earnings included a new record set for second quarter revenue and EPS due to rapid growth in datacom, driven specifically by next-gen AI interconnect, with revenue at $712.7 million, an increase of 7% from the previous year and 4% from the first quarter.However, telecom revenue remained impacted by inventory absorption in the ecosystem – a possible note of concern.The company expects telecom revenue to slightly increase in the third quarter as newer optical communication technologies, like extended reach pluggable optics, have seen increasing demand.

Fabrinet - Fabrinet: A Tale Of Rapid Growth in Datacom Driven by AI Applications! - Major Drivers

<ul><li>This is our first report on Fabrinet, a leading provider of advanced manufacturing services.</li><li>The company reported new quarterly records for both revenue and earnings per share (EPS), while free cash flow also hit a new quarterly high.</li><li>Furthermore, this strong revenue growth contributed to record non-GAAP net income of $2 per share.</li></ul>

This is our first report on Fabrinet, a leading provider of advanced manufacturing services.The company reported new quarterly records for both revenue and earnings per share (EPS), while free cash flow also hit a new quarterly high.Furthermore, this strong revenue growth contributed to record non-GAAP net income of $2 per share.

Fabrinet: Initiation of Coverage - Revolution in Optics: Can They Dominate The AI Interconnect Market?  – Major Drivers

Thailand

Fabrinet offers outsourced process engineering and manufacturing services.  The Company contracts to manufacture optical communications, automotive, industrial, and imaging components, sub-assemblies, and modules for its original equipment manufacturer customers.

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Fabrinet (FN US)

Fabrinet - Fabrinet: An Insight Into Its Automotive & Industrial Innovation & Other Major Drivers

Fabrinet's first-quarter results for fiscal year 2025 reveal both promising growth and challenges. With a revenue of $804 million, the company...

Baptista Research

Fabrinet (FN): A Bear's Perspective! - Major Drivers

Fabrinet concluded the fiscal year 2024 on a strong note with record revenue and earnings per share, reflecting robust execution across its...

Baptista Research

Fabrinet: Why We Are Pessimistic Despite The Rapid Growth in Datacom Driven by AI Applications! - Major Drivers

Fabrinet Q3 of Fiscal Year 2024 reflects a robust performance exceeding its own forecasts with a notable increase in revenue and earnings per...

Baptista Research

Fabrinet - Fabrinet: A Tale Of Rapid Growth in Datacom Driven by AI Applications! - Major Drivers

Fabrinet's recent earnings included a new record set for second quarter revenue and EPS due to rapid growth in datacom, driven specifically by...

Baptista Research

Fabrinet: Initiation of Coverage - Revolution in Optics: Can They Dominate The AI Interconnect Market? – Major Drivers

This is our first report on Fabrinet, a leading provider of advanced manufacturing services. The company reported new quarterly records for both...

Baptista Research

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