Financial Performance & Outlook - Celestica's 2025E revenue is projected to be $12.2 billion, with a 7.4% non-GAAP adjusted operating margin[21] - The company anticipates a 31% revenue growth in 2026, reaching $16.0 billion, and a non-GAAP operating margin of 7.8%, a 40 bps increase[150] - Non-GAAP adjusted EPS is expected to grow by 39% to $8.20 in 2026[150] - Celestica forecasts non-GAAP free cash flow of $500 million in 2026, an 18% increase from $425 million in 2025E[150] Segment Performance - Connectivity & Cloud Solutions (CCS) is expected to generate $9.0 billion in revenue in 2025E, a 39% year-over-year increase, with a segment margin of 8.2%, up 80 bps year-over-year[44] - Advanced Technology Solutions (ATS) is projected to reach $3.2 billion in revenue in 2025E, a 1% year-over-year increase, with a segment margin of 5.3%, up 70 bps year-over-year[117] Market & Technology - Data center IT capex is expected to surpass $1 trillion by 2028, driven by AI and cloud investments[63] - The High Bandwidth Ethernet Switch TAM is projected to reach approximately $50 billion by 2029, with a 30% CAGR[78, 79] Strategic Focus - Celestica is focused on accelerating market advancements through technology leadership and best-in-class operational execution[39]

Low-code Development Platform Market to Reach USD 67.12 Billion by 2030 with Key Trends in Cloud and AI AdoptionHareesh4 min read·Just nowJust now--Low-code Development Platform Market OverviewThe Low-code Development Platform Market size is estimated at USD 26.30 billion in 2025, and is expected to reach USD 67.12 billion by 2030, at a CAGR of 20.61% during the forecast period (2025–2030). This growth is driven by the increasing demand for rapid application development, modernization of legacy systems, and ...

Core Insights - Foxconn plans to invest up to NT$42 billion ($1.4 billion) in AI data center equipment from December 2025 to December 2026 to enhance its cloud computing services and develop smart platforms [1][2] Group 1: Investment and Expansion - The investment will be funded through Foxconn's own resources and aims to expand its cloud compute service platform [2] - This announcement follows Foxconn's earlier plan to build a 100-megawatt AI data center in collaboration with Nvidia in Taiwan [3] Group 2: Revenue Diversification - Foxconn has successfully diversified its revenue streams, with AI server production surpassing smart consumer electronics for the first time in Q2 [4] - The AI server segment contributed 41% to Foxconn's NT$1.8 trillion revenue in the three months ended June, while smart consumer electronics accounted for 35% [4] - The company claims to hold over 40% of the global AI server market [4] Group 3: Strategic Partnerships - In August, Foxconn sold an EV factory in Ohio to SoftBank to focus on AI server manufacturing, while continuing operations at the plant [5] - The Ohio facility will produce equipment for the $500 billion AI data center venture supported by SoftBank, OpenAI, Oracle, and Abu Dhabi's MGX [5]

Group 1 - The Shanghai Composite Index successfully broke through the 4000-point mark, with the computing power sector continuing its strong performance [1] - The Huatai-PineBridge Cloud Computing ETF (159273) rose over 1%, with a trading volume exceeding 70 million yuan, and its latest scale reached 1.7 billion yuan as of October 27, leading its peers [1] - Qualcomm announced the launch of two AI chips for data centers, AI200 and AI250, expected to be commercially available in 2026 and 2027, respectively, causing its stock price to surge over 20% [1] Group 2 - Kingsoft Office reported a third-quarter revenue of 1.521 billion yuan, a year-on-year increase of 25.33%, and a net profit of 431 million yuan, up 35.42% [2] - The three main business segments of Kingsoft Office all experienced growth, with WPS 365 revenue increasing by 71.61% [2] - As of 13:38, the component stocks of the Huatai-PineBridge Cloud Computing ETF showed mixed performance, with Kingsoft Office rising over 6% due to positive earnings [2] Group 3 - The demand for optical modules is expected to increase, with projections for 2025-2027 indicating a demand of 50 million, 75 million, and 100 million units, respectively [4] - The demand for 1.6T optical modules has been revised upwards, with total industry demand expected to rise from 1 million to 2 million units due to the rapid growth in AI training and inference network bandwidth [4] Group 4 - The domestic AI industry is rapidly developing, with cloud service providers like Alibaba Cloud gaining competitive advantages over traditional internet cycles [6] - The focus is on the domestic chip industry, which is expected to benefit significantly from supply chain security considerations, with recommendations to pay attention to the entire domestic chip supply chain [6] - The Huatai-PineBridge Cloud Computing ETF (159273) covers a wide range of sectors, including hardware, cloud computing services, IT services, and application software, with a hardware-software ratio of 6:4 [6]

Core Insights - Capgemini reported consolidated revenues of €5,393 million in Q3 2025, reflecting a year-on-year increase of +0.3% on a reported basis and +2.9% at constant exchange rates [2][5][7] - The company has raised its growth target for 2025 to between +2.0% and +2.5%, indicating a positive outlook despite a challenging economic environment [5][15] Financial Performance - Q3 2025 revenues of €5,393 million showed an improvement from +0.7% in Q2 to +2.9% at constant exchange rates [5][6] - For the first nine months of 2025, revenues were stable at -0.1% on a reported basis and grew +1.0% at constant exchange rates [6][7] - Bookings in Q3 2025 totaled €5,161 million, marking an increase of +1.5% at constant exchange rates, resulting in a book-to-bill ratio of 0.96 [9] Regional Performance - North America saw a revenue increase of +7.0% year-on-year, driven by the Financial Services and TMT sectors [10] - The United Kingdom and Ireland region experienced a robust growth of +9.0%, with strong performance across various sectors [11] - France's revenues declined by -4.7%, primarily due to weakness in the Manufacturing sector [11] - The Asia-Pacific and Latin America region reported a significant increase of +13.6% in revenues [12] Business Segment Performance - Applications & Technology services, which constitute 62% of total revenues, posted a solid growth of +5.7% [13][32] - Strategy & Transformation services grew slightly by +0.7%, while Operations & Engineering revenues increased by +1.3% [13][32] Strategic Initiatives - Capgemini is accelerating the integration of generative AI across its service portfolio to enhance client value [4] - The acquisition of WNS has positioned Capgemini as a leader in the Intelligent Operations market, contributing to revenue growth [5][15] Workforce and Operational Metrics - The total headcount of the Group reached 354,700 as of September 30, 2025, reflecting a year-on-year increase of +4.7% [14]

Technology giant Microsoft Corporation (NASDAQ:MSFT) could highlight the growth of its AI platforms when the company reports first-quarter financial results on Wednesday after market close.Here are the earnings estimates, what experts are saying ahead of earnings and key items to watch.Earnings Estimates: Analysts expect Microsoft to report first-quarter revenue of $75.33 billion, up from $65.58 billion in last year's first quarter, according to data from Benzinga Pro.The company has beaten analyst revenue ...

Core Viewpoint - Interdigital's shares have reached an all-time high, rallying 100% year-to-date, driven by its strong patent portfolio and expansion into cloud computing and content licensing [1][4]. Company Overview - Interdigital is a global research and development company focusing on wireless, visual technologies, and artificial intelligence, operating on a research-to-royalty model with approximately 33,000 patents [2][4]. - The company primarily generates revenue through licensing agreements with major OEMs, including Apple, Samsung, and Lenovo, and has expanded its focus beyond smartphones to include automotive and cloud computing technologies [3][4]. Financial Performance - Interdigital has reported high gross margins around 89% and net income margins of approximately 52%, significantly higher than the 25% five-year average [6][7]. - The company's sales growth is around 22% on a trailing basis, while EBITDA growth was approximately 55% last year, indicating strong operational efficiency and demand for its licensing technologies [10]. Competitive Landscape - Interdigital competes with companies like Qualcomm, Rambus, Ericsson, and Nokia, with a notable performance difference attributed to its focus on licensing rather than hardware sales [5][9]. - The demand for its patent portfolio in cloud and content applications has contributed to its superior performance compared to competitors with more hardware-centric business models [9][10].

Notably, net bookings exceeded 5.4 billion euros, with extreme ultraviolet (EUV) systems accounting for 3.6 billion euros, indicating that industry demand for ASML's most advanced technologies remains strong. Installed Base Management sales, a recurring source of high-margin service revenue, totaled 1.96 billion euros. Despite the minor sequential reduction in revenue, management stated that the results were fully in line with seasonal forecasts. ASML's durable moat is built on a continuous commitment to in ...

Core Insights - Microsoft (MSFT) is expected to report first-quarter fiscal 2026 results on October 29, with revenue estimates at $74.96 billion, reflecting a 14.3% year-over-year growth [1] - The consensus estimate for earnings per share is $3.65, indicating a 10.61% increase compared to the previous year [1] Revenue and Earnings Estimates - Current quarter earnings per share is projected at $3.65, with estimates remaining stable over the past 30 days [2] - For the current fiscal year, earnings are expected to reach $15.40 per share, while next year's estimate is $17.88 [2] Factors Influencing Upcoming Results - Continued momentum in cloud and AI infrastructure investments is anticipated to support Microsoft's upcoming results [5] - The Productivity and Business Processes segment is projected to generate revenues between $32.2 billion and $32.5 billion, indicating a growth of 14% to 15% [6] - Microsoft 365 Commercial cloud revenues are expected to grow between 13% and 14% in constant currency [7] Azure and Intelligent Cloud Performance - Azure revenue is projected to grow by approximately 37% in constant currency, driven by strong AI infrastructure investments [8][14] - The Intelligent Cloud segment is expected to generate revenues between $30.1 billion and $30.4 billion, representing growth of 25% to 26% [12] Product Enhancements and Market Positioning - Significant product enhancements, including the rollout of GPT-5 capabilities and new features in Microsoft 365 Copilot, are likely to have contributed to improved adoption metrics [9][10] - The reimagined Microsoft Marketplace launched in September is expected to enhance discoverability and adoption of AI applications [10] LinkedIn and Gaming Division Outlook - LinkedIn is expected to deliver high single-digit revenue growth despite challenges in the hiring market [11] - The Gaming division is projected to experience robust activity, with major game releases supporting mid-single-digit revenue growth [20] Strategic Investments and Valuation - Microsoft is committed to capital expenditures exceeding $30 billion to scale AI infrastructure [22] - The company's cloud gross margin is expected to be around 67%, reflecting ongoing investments in AI infrastructure [23] - Microsoft shares have gained 24.2% year-to-date, trading at a forward 12-month P/S of 11.59X, indicating a premium valuation [24][28] Investment Thesis - Microsoft presents a compelling investment opportunity ahead of fiscal first-quarter 2026 results, supported by strong Azure growth and a $368 billion contracted backlog [31] - The company's strategic partnerships and comprehensive platform create durable competitive advantages, justifying its premium valuation [31] Conclusion - Microsoft's upcoming fiscal first-quarter 2026 results are expected to showcase strong cloud and AI momentum, making it an attractive investment despite competitive pressures [32]

Core Insights - The demand for electricity from data centers is expected to drive significant growth in global electricity usage for decades, with data centers consuming an estimated 415 terawatt-hours of electricity in 2024, accounting for about 1.5% of global electricity consumption [4][5]. Utility Stocks - The S&P 500 utilities sector has gained nearly 16% from its low in mid-February, outperforming the S&P 500, indicating a strong performance in the utility sector amidst market fluctuations [7]. - High-yielding utility stocks are identified as potential beneficiaries of the increasing electricity demand from data centers, providing stable and dependable passive income [6][5]. Company Profiles - **Canadian Utilities Ltd. (CDUAF)**: Operates in electricity, natural gas, renewables, and pipelines with assets of $22 billion and a dividend yield of 4.60% [8]. - **Dominion Energy Inc. (NYSE: D)**: An integrated energy utility with a strong dividend yield of 4.34%, well-positioned geographically to serve data centers [10]. - **Duke Energy Corp. (NYSE: DUK)**: Located near major data centers, this company offers a solid dividend yield of 3.28% and operates extensive electric and gas distribution networks [14][16]. - **Entergy Corp. (NYSE: ETR)**: Engaged in electric power production and retail distribution, with a dividend yield of 2.48% and serving approximately 3 million customers [19][20]. - **Exelon Corp. (NYSE: EXC)**: The largest electric parent company in the U.S. by revenue, offering a dependable dividend yield of 3.29% and engaged in energy distribution and transmission [21].