BMI

It has been about a month since the last earnings report for Sensata (ST). Shares have added about 27.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Sensata due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. Sensata Q1 Earnings Beat Estimates Sensata reported first-quarter 2026 adjusted earnings per share (EPS) of 86 cents, up from 78 cents a year ago. The bottom line beat the Zacks Consensus Estimate by 2.4%. Revenues for the quarter reached $934.8 million, up 2.6% from a year ago. The figure came near to the upper end of management’s expectations ($917-$937 million) and beat the consensus estimate by 0.7%. Strength Aerospace, Defense and Commercial Equipment segments drove the top-line performance. Management stated that the company’s first-quarter performance met or surpassed expectations across all key metrics, reinforcing the strong momentum it is building. Management also highlighted that disciplined execution across the organization, along with an effective productivity engine, is driving results. Additionally, the company’s strategic initiatives are gaining pace, while its growth opportunities remain solid and promising. Segmental Results Sensata has realigned its structure into three operating segments — Automotive, Industrials, and Aerospace, Defense and Commercial Equipment, which are now reflected as its new reporting segments. Automotive revenues (56.1% of total revenues) decreased 0.8% (up 0.7% on an organic basis) year over year to $524.8 million. The Automotive segment outperformed overall market production by roughly 4%. Segmental adjusted operating income was $123.2 million compared with $120.3 million in the prior-year quarter. Industrials revenues (19.7% of total revenues) were $184.2 million, down 0.8% (up 0.7% on an organic basis) year over year. The Industrials segment delivered organic growth despite softness in its end markets. Segmental adjusted operating income was $50 million compared with $48.5 million in the prior-year quarter. Aerospace, Defense and Commercial Equipment revenues (24.2% of total revenues) were $225.8 million, up 14.8% (up 16.7% on an organic basis) year over year. The Aeros...

FUJIFILM Holdings Corporation FUJIY reported a fourth-quarter fiscal 2025 (ended March 31, 2026) net income of ¥83.4 billion compared with ¥79.4 billion in the year-ago quarter. Revenues of ¥927.3 billion jumped 6.8% year over year. The company generated record fourth-quarter revenues and net income. Revenue growth was primarily driven by the Healthcare segment, supported by contributions from newly launched Bio CDMO facilities in Denmark. The Electronics segment also delivered strong performance, fueled by robust sales of Semiconductor Materials, particularly CMP slurries, while the Imaging segment benefited from solid demand for digital cameras and related products. Fiscal 2026 revenues increased 5% year over year to ¥3357 billion. Net income was ¥276.7 billion, up 6% year over year. In June 2024, the company established the Advanced Functional Materials division by integrating its display materials, industrial products and fine chemicals businesses. In the fourth quarter of fiscal 2025, the Healthcare segment generated revenue of ¥333.6 billion, up 5.4% year over year, while operating income declined 34.7% to ¥29.7 billion due to upfront costs associated with new Bio CDMO facilities and higher raw material prices. Within the segment, Medical Systems revenue increased 5.4% to ¥217.1 billion, driven by strong sales of endoscopes in the United States, Europe, Japan and China, as well as solid demand for CT, MRI and IVD products. Bio CDMO revenue rose 1.2% to ¥73.9 billion, supported by the expansion of operations at new large-scale facilities, although revenue from small- to medium-scale facilities declined due to delays in securing early-stage projects and the absence of cancellation fees recorded in the prior year. LS Solutions revenue increased 14% to ¥42.6 billion, driven by strong sales of culture media and reagents amid improving market conditions. The Electronics segment delivered strong quarterly performance, with revenue increasing 27.4% year over year to ¥127.5 billion and operating income surging 74% to ¥30.7 billion. Semiconductor Materials revenue rose 29.3% to ¥81.7 billion, supported by strong demand for AI semiconductors, significant growth in CMP slurry sales and robust demand for liquid-type polyimides used in advanced packaging applications. Sales to major foundries and semiconductor manufacturers in the United States and South Korea also...

Cirrus Logic Inc. CRUS reported fourth-quarter fiscal 2026 adjusted earnings per share (EPS) of $1.95, which surpassed the Zacks Consensus Estimate of $1.76. The company reported adjusted EPS of $1.67 in the prior-year quarter. Revenue for the quarter came in at $448.5 million, exceeding the midpoint of guidance ($410-$470 million). Revenue declined 23% sequentially due to weaker smartphone unit shipments but increased 6% year over year, mainly driven by robust demand for smartphone components. The growth was partly offset by pricing pressure and softer sales in general markets. The Zacks Consensus Estimate for revenues was pegged at $439.8 million. Cirrus Logic generated $2 billion in revenue for fiscal 2026, reflecting a 5% increase from the previous year, driven by strong demand for smartphone components and higher component sales for PCs. A key development from the earnings announcement was its expansion into new smartphone silicon categories, including next-generation camera controllers and smart power ICs. Beyond smartphones, Cirrus Logic reported strong year-over-year growth in its PC business. The company’s expansion into laptops and PCs helps reduce concentration risk while opening new long-term revenue streams. A key theme throughout the earnings report was the importance of diversification. Cirrus Logic has spent several years expanding both its product portfolio and customer base. It highlighted growth in smartphones outside of audio applications, as well as growth in PCs and laptops, general market products and power-related semiconductor solutions. This diversification strategy is important because semiconductor markets can be cyclical. Expanding across multiple end markets can help stabilize revenue and reduce dependence on any single product category. Cirrus Logic, Inc. price-consensus-eps-surprise-chart | Cirrus Logic, Inc. Quote The company’s largest customer accounted for 92% of total revenues in the fiscal fourth quarter. The stock has gained 71.9% in the past year compared with the Zacks Electronics-Semiconductors industry’s growth of 118.5%. Image Source: Zacks Investment Research Cirrus Logic’s High-Performance Mixed-Signal segment includes a few of its non-audio products. It contributed 43% to total revenues in the fiscal fourth quarter. Revenues from the same division grew 13.1% year over year to $191.3 million. We estimated the metr...

CDW Corporation CDW reported first-quarter 2026 non-GAAP earnings per share (EPS) of $2.28, matching the Zacks Consensus Estimate. The bottom line increased approximately 6.3% year over year. CDW reported quarterly net sales of $5.68 billion, representing a 9.2% year-over-year increase. On a constant currency (cc) basis, sales grew 8.4%, reflecting healthy organic demand across the business. The strongest drivers of growth included data storage systems, servers and networking hardware, software solutions and notebooks and mobile devices. Despite ongoing economic and geopolitical uncertainty, all segments saw stronger customer spending compared with the previous-year quarter. Quarterly revenues also surpassed the consensus mark of $5.4 billion. According to management, organizations increasingly need partners capable of managing integration, governance and lifecycle execution at scale, areas where CDW believes it has a competitive advantage. CDW’s “full-stack” approach appears increasingly valuable in this environment. Rather than simply selling hardware, the company positions itself as a long-term technology advisor helping enterprises integrate, secure and manage complex systems. The company also continues investing internally in AI initiatives, which contributed to higher operating expenses during the quarter. The company also reinforced shareholder returns by approving a quarterly cash dividend of 63 cents per share, payable June 10, 2026, to shareholders of record as of May 25, 2026. CDW Corporation price-consensus-eps-surprise-chart | CDW Corporation Quote Management is optimistic regarding the remainder of 2026 despite continued macroeconomic and geopolitical uncertainty. CDW expects to outperform the broader U.S. IT market by 200 to 300 basis points on cc, signaling confidence in both customer demand and competitive positioning. The company’s diversified customer base across commercial, government, education and international markets is likely to help reduce dependence on any single sector. In the past month, CDW's shares have gained 10.6% against the Zacks Computers-IT Services industry’s fall of 0.6%. Image Source: Zacks Investment Research The Commercial segment served as the company’s largest revenue contributor, generating $3.57 billion in sales, up 9.6% year over year. Under commercial, several industries posted particularly strong spending tren...

Flex Ltd. FLEX reported fourth-quarter fiscal 2026 adjusted earnings per share (EPS) of 93 cents, which surpassed the Zacks Consensus Estimate by 8.1%. The bottom line compared favorably with 73 cents posted in the prior-year quarter. Revenues increased 17% year over year to $7.5 billion. It beat the consensus mark by 8.1%. The growth was primarily driven by strong momentum across all three segments, with Cloud and Power Infrastructure emerging as the standout performer. Management highlighted that the company’s strong finish to fiscal 2026 reflected disciplined execution and a well-defined strategy, supported by targeted acquisitions and capital investments aligned with Flex’s long-term growth opportunities. Flex Ltd. price-consensus-eps-surprise-chart | Flex Ltd. Quote Flex has announced its intention to spin off its Cloud and Power Infrastructure segment into a newly formed, independent, publicly traded company, marking a significant step in the company's broader strategic realignment. As part of this reorganization, Flex is separating its Data Center business and realigning into three distinct segments. The first, Regulated Manufacturing Solutions, will serve Industrial, Automotive, and Healthcare markets, covering automation and energy infrastructure, compute and power electronics, and regulated medical devices, respectively. The second, Integrated Technology Solutions, will focus on Communications through high-speed networking and enterprise systems and on Lifestyle through premium products across commercial, home and personal categories. The third and newly defined segment, Cloud and Power Infrastructure, will deliver compute, liquid cooling and data center architecture solutions alongside critical rack-level and embedded power capabilities. Shares of the company soared 25% in the pre-market trading session today. In the past year, the stock has surged 154.2% compared with the Zacks Electronics - Miscellaneous Products industry’s growth of 81%. Image Source: Zacks Investment Research Regulated Manufacturing Solutions Segment: This segment encompasses Health Solutions, Automotive and Industrial businesses. Revenues grew 13% to $2.7 billion, accounting for 36% of net sales. Integrated Technology Solutions Segment: This segment comprises Communications and Lifestyle businesses. Revenues grew 13% to $2.9 billion, accounting for 39% of net sales. Cloud and...

Onto Innovation Inc. ONTO reported first-quarter 2026 earnings per share of $1.42, which beat the Zacks Consensus Estimate by 2.9%. The bottom line compared unfavorably with the prior-year quarter's $1.51. Management expected non-GAAP earnings per share to be between $1.26 and $1.36. Onto Innovation reported quarterly revenue of $291.9 million, reflecting a 9.5% increase year over year and nearly 10% sequential growth led by rising customer investments in advanced semiconductor manufacturing. The growth was primarily driven by the increased adoption of ONTO’s inspection and metrology platforms among top logic and memory manufacturers. Demand for AI chips, advanced packaging solutions and high-bandwidth memory continues to boost semiconductor capital expenditures, especially in Asia, where Onto Innovation has expanded its manufacturing footprint. Customer adoption of the company’s latest systems, including the Dragonfly G5 and Atlas G6 platforms, has been especially promising. These technologies aim to help semiconductor manufacturers improve yields and process control for increasingly complex chip designs. A key highlight from the quarter was the qualification of the Dragonfly G5 inspection system at both a leading 2.5D logic customer and a high-bandwidth memory customer. Onto also announced that its newly launched Atlas G6 system was selected by a second logic customer for gate-all-around metrology applications. Another major development was Onto Innovation’s collaboration with Rigaku Holdings Corporation, acquiring a 27% stake for about $710 million, with the deal expected to close in the second half of 2026. The partnership expands Onto’s access to advanced X-ray technologies, enhancing its semiconductor inspection and metrology capabilities, and includes the right to appoint a board member. Along with its earlier acquisition of Semilab USA, the move underscores Onto’s strategy to broaden its process control ecosystem and support long-term growth. Onto Innovation Inc. price-consensus-eps-surprise-chart | Onto Innovation Inc. Quote Specialty devices and advanced packaging revenues (55% of total revenues) were about $160 million for the quarter. Roughly two-thirds came from advanced packaging, including about $25 million from Semilab, with the remainder driven by specialty devices such as power semiconductors. Revenues from the Advanced nodes (27.4%) were a...

Western Digital Corporation WDC reported third-quarter fiscal 2026 non-GAAP earnings of $2.72 per share, which surpassed the Zacks Consensus Estimate of $2.41. The bottom line expanded 97% year over year and 28% sequentially, exceeding the high end of management’s guidance of $2.30 (+/- 15 cents). Driven by strong operating leverage, reduced interest costs and a more efficient tax structure, EPS nearly doubled year over year. These results highlight WDC’s focus on advanced innovation and disciplined execution. Western Digital reported revenue of $3.34 billion, marking an 11% sequential increase and a remarkable 45% year-over-year jump. This growth reflects robust demand across all end markets, especially those related to AI and data infrastructure. The top line beat the consensus estimate by 3% and exceeded management’s expectations of $3.2 billion (+/- $100 million). AI is no longer just a tailwind as it has become the primary driver of Western Digital’s growth. From training and inference to agentic and physical AI, every workload generates vast amounts of data. This data must be stored efficiently and cost-effectively—an area where HDDs remain essential. This benefits WD directly, as hyperscalers and enterprises expand their storage infrastructure to support AI deployments. The company is effectively positioned at the core of this transformation. WDC shipped 222 exabytes in the quarter, representing a 34% year-over-year increase. This included 4.1 million next-gen ePMR drives, totaling 118 exabytes, with capacities of up to 32TB, highlighting the rapid scaling of new technology to meet strong demand. Western Digital Corporation price-consensus-eps-surprise-chart | Western Digital Corporation Quote Western Digital’s board declared a cash dividend of 15 cents per share, payable on June 17 to shareholders on record as of June 5. This move signals strong free cash flow generation, improved balance sheet health and management’s confidence in sustained earnings power. In response to surging revenues, expanding margins and a confident outlook that signals continued momentum, WDC’s shares jumped 5.3% in trading and closed the session at $434.52 on April 30. In the past year, shares have gained 888.7% compared with the Zacks Computer-Storage Devices industry’s rise of 460.1%. Image Source: Zacks Investment Research Revenues from the Cloud end market (89% of total...

Dolby Laboratories, Inc. DLB reported second-quarter fiscal 2026 non-GAAP earnings of $1.37 per share, which jumped 2.2% year over year and topped the Zacks Consensus Estimate of $1.31, delivering a 4.58% surprise. Revenues of $396 million increased 7% from the year-ago quarter and beat the consensus mark of $380 million by 4.21%. The upside was driven by solid licensing performance, which remained the dominant revenue contributor. Strength across broadcast and continued adoption of Dolby technologies supported growth despite some timing-related softness in mobile. In the past year, shares have lost 15.8% compared with the Zacks Audio Video Production industry’s decline of 21%. Image Source: Zacks Investment Research Dolby generated total revenues of $396 million, up from $370 million in the prior-year quarter. Licensing revenues accounted for $372 million, reflecting the company’s continued reliance on royalty-based income streams. Products and services revenues were $23 million, remaining relatively stable year over year. Licensing continues to be the key growth engine, supported by broader adoption of Dolby Atmos and Dolby Vision across multiple end markets. Management highlighted that expansion across content platforms, devices and automotive is strengthening its ecosystem. Increasing availability of content in Dolby formats is also encouraging adoption among partners and consumers. Dolby Laboratories price-consensus-eps-surprise-chart | Dolby Laboratories Quote Performance across end markets was uneven during the quarter. Broadcast revenues increased 26% year over year, benefiting from a large recovery previously highlighted by management. In contrast, mobile revenues declined 6% year over year due to deal timing. Despite this quarterly volatility, the company expects both broadcast and mobile segments to deliver mid-single-digit growth for the full year. Dolby continues to diversify across markets, including automotive and streaming platforms. The company noted increasing traction in automotive, where entertainment features are becoming a key differentiator, supporting long-term licensing opportunities. Dolby continues to expand its presence across content platforms and consumer devices. The company emphasized growing adoption of Dolby Vision and Dolby Atmos in social media, music and sports content. High-profile events such as the Super Bowl, Winter O...

Fortive Corporation FTV reported first-quarter 2026 adjusted earnings per share (EPS) of 70 cents from continuing operations, which surpassed the Zacks Consensus Estimate of 64 cents. The bottom line increased 25.4% year over year. Revenues increased 7.7% year over year to $1069.4 million. The top line beat the Zacks Consensus Estimate by 3.8%. Core revenues jumped 5.3%. After the announcement, Fortive’s shares jumped around 1.5% in the pre-market trading session today. The stock has gained 24.2% in the past year compared with the Zacks Electronics - Testing Equipment industry's growth of 35.1%. Image Source: Zacks Investment Research Management stated that the company’s strong performance reflects robust demand for its market-leading products, steady progress in executing the Fortive Accelerated strategy and a continued focus on financial discipline supported by the operational rigor of the Fortive Business System (FBS). It added that the company remained committed to disciplined capital allocation, completing approximately $500 million in additional share repurchases during the quarter, bringing total buybacks to around $1.8 billion over the three quarters since the launch of the new Fortive. Fortive operates under the following two organized segments: Intelligent Operating Solutions: The segment generated revenues of $743.2 million (contributing 69.5% to total revenues), which increased 7.6% on a year-over-year basis. Advanced Healthcare Solutions: This segment registered revenues of $326.2 million (30.5%), up 7.9% year over year. In the reported quarter, adjusted gross profit increased 5.8% to $676.3 million on a year-over-year basis. Adjusted operating margin was 27.4%, which expanded 120 basis points (bps) on a year-over-year basis. Fortive Corporation price-consensus-eps-surprise-chart | Fortive Corporation Quote Segment-wise, the adjusted operating margins of Intelligent Operating Solutions were 32.3%, contracting 20 bps year over year. Adjusted operating margins of Advanced Healthcare Solutions were 24.1%, up 220 bps. As of April 3, 2026, cash and cash equivalents were $356.1 million compared with $375.5 million as of Dec. 31, 2025. FTV generated an operating cash flow of $220.4 million for the first quarter compared with $344.2 million in the previous quarter. Non-GAAP free cash flow was $193.8 million compared with $313.8 million in the prior quar...

Itron Inc. ITRI reported non-GAAP earnings per share (EPS) of $1.49 for first-quarter 2026, which beat the Zacks Consensus Estimate by 18.3%. The company reported earnings of $1.52 per share in the prior-year quarter. The year-over-year decline was due to lower interest income, partially offset by higher operating income. Itron reported quarterly revenues of $587 million, which declined 3% year over year but exceeded the upper end of guidance ($565-$575 million). The top line surpassed the Zacks Consensus Estimate by 2.8%. The revenue decline was largely due to portfolio optimization efforts and the timing of project deployments. Management stated that first-quarter results exceeded expectations, driven by strong execution and some projects progressing ahead of schedule, which led to a record gross profit. The company highlighted that utility customers remain focused on resiliency and affordability, with a structural, multi-year investment trend toward adding intelligence to the grid, an area well aligned with Itron’s strengths in networks, analytics and operational intelligence. Product revenues were $477.8 million (81.4% of total revenues), down 8.7% year over year. Service revenues totaled $109.2 million (18.6%), up 30%. Itron’s bookings were $476 million in the first quarter of 2026, and its backlog amounted to $4.4 billion at the end of the quarter. The first quarter included several key wins, including progress on a strategic grid visibility program with Duquesne Light Company. The engagement underscores rising demand for distributed intelligence and Grid Edge Computing as utilities modernize networks, while highlighting Itron’s ability to deliver an integrated solution combining smart devices, software and communications for next-generation grid operations. The stock has declined 21.8% in the past year against the Zacks Electronics-Testing Equipment industry’s rise of 32.9%. Image Source: Zacks Investment Research Device Solutions (21.2% of total revenues): Revenues fell 1% (9% in constant currency or cc) to $124.4 million primarily due to lower sales of legacy EMEA electricity products and reduced project deployments in North America. Networked Solutions (59.7%): Revenues dipped 13% (14% in cc) to $350.7 million, primarily due to the timing of project deployments. Outcomes (16.4%): Revenues rose 22% (or 20% in cc) to $95.9 million, driven by growth i...

Sensata Technologies Holding plc ST reported first-quarter 2026 adjusted earnings per share (EPS) of 86 cents, up from 78 cents a year ago. The bottom line beat the Zacks Consensus Estimate by 2.4%. Revenues for the quarter reached $934.8 million, up 2.6% from a year ago. The figure came near to the upper end of management’s expectations ($917-$937 million) and beat the consensus estimate by 0.7%. Strength Aerospace, Defense and Commercial Equipment segments drove the top-line performance. Following the announcement, shares of ST lost around 3% in the after-market trading session yesterday. In the past year, shares have gained 97% compared with the Instruments-Control industry’s growth of 12.7%. Image Source: Zacks Investment Research Management stated that the company’s first-quarter performance met or surpassed expectations across all key metrics, reinforcing the strong momentum it is building. Management also highlighted that disciplined execution across the organization, along with an effective productivity engine, is driving results. Additionally, the company’s strategic initiatives are gaining pace, while its growth opportunities remain solid and promising. Sensata has realigned its structure into three operating segments — Automotive, Industrials, and Aerospace, Defense and Commercial Equipment, which are now reflected as its new reporting segments. Automotive revenues (56.1% of total revenues) decreased 0.8% (up 0.7% on an organic basis) year over year to $524.8 million. The Automotive segment outperformed overall market production by roughly 4%. Segmental adjusted operating income was $123.2 million compared with $120.3 million in the prior-year quarter. Industrials revenues (19.7% of total revenues) were $184.2 million, down 0.8% (up 0.7% on an organic basis) year over year. The Industrials segment delivered organic growth despite softness in its end markets. Segmental adjusted operating income was $50 million compared with $48.5 million in the prior-year quarter. Aerospace, Defense and Commercial Equipment revenues (24.2% of total revenues) were $225.8 million, up 14.8% (up 16.7% on an organic basis) year over year. The Aerospace, Defense and Commercial Equipment segment showed broad-based year-over-year strength, with both Aerospace & Defense and Commercial Equipment delivering double-digit growth. Segmental adjusted operating income was $63.5 mi...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Badger Meter (BMI) recently posted first quarter results showing sales of US$202.28 million and net income of US$27.34 million, with basic earnings per share from continuing operations at US$0.94 and diluted earnings per share at US$0.93. See our latest analysis for Badger Meter. The share price has softened in recent months, with a 1 month share price return of 18.78% and a year to date share price return of 32.86%. The 1 year total shareholder return of 45.03% contrasts with a 5 year total shareholder return of 32.65%. This suggests momentum has recently faded as investors react to lower quarterly sales, earnings and the latest dividend affirmation and by law changes. If Badger Meter’s recent moves have you reconsidering where growth or income might come from next, it could be worth scanning for other power grid and infrastructure names through our 33 power grid technology and infrastructure stocks With Badger Meter’s share price down over the past year despite annual revenue and net income growth, and trading below some analyst estimates, the real question is whether this weakness signals value or whether the market already reflects potential future gains. Badger Meter’s most followed narrative pegs fair value at $178.00, well above the last close of $118.42. This sets a clear valuation gap for investors to examine. Read the complete narrative. Read the complete narrative. Want to see how this story justifies a higher fair value? The narrative leans heavily on expanding software margins, ambitious growth assumptions and a rich future earnings multiple. Result: Fair Value of $178.00 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story can change quickly if large municipal AMI projects are delayed, or if higher input costs and tariffs pressure margins more than expected. Find out about the key risks to this Badger Meter narrative. All this leaves a clear question: are you as optimistic as the current narrative implies, or more cautious about the risks? To pressure test your own stance and move quickly from headline impressions to hard data, take a closer look at the company's 3 key rewards. If Badger Meter has sharpened your focus on quality, do not stop her...