Core Viewpoint - Celestica Inc. has announced its Annual Meeting of Shareholders will take place on May 19, 2026, in a hybrid format, with further details to be provided in the definitive proxy statement [1] Group 1: Meeting Details - The Annual Meeting of Shareholders is scheduled for May 19, 2026, at 9:30 a.m. EDT [1] - The record date for determining eligible shareholders is set for March 27, 2026 [2] - Celestica will utilize the notice-and-access method for delivering proxy materials to shareholders, which will be available on its website and other platforms [3] Group 2: Company Overview - Celestica is a technology leader focused on customer success and market advancements, specializing in data center infrastructure for AI, cloud, and hybrid cloud solutions [4] - The company leverages its expertise in design, engineering, manufacturing, and supply chain to provide competitive advantages to its customers [4]

Financial Data and Key Metrics Changes - In Q4 2025, net sales increased by 3% to EUR 6.1 billion, with an operating profit of EUR 1 billion and free cash flow of EUR 0.2 billion [4][16] - For the full year 2025, net sales reached EUR 19.9 billion, with an operating profit of EUR 2 billion, slightly above guidance [4][16] - Free cash flow conversion was 72%, consistent with guidance [4][16] - Gross margin improved by 90 basis points to 48.1%, while operating margin was 17.3%, down 90 basis points due to increased investments [16][17] Business Line Data and Key Metrics Changes - Network Infrastructure saw a 7% increase in net sales in Q4, driven by a 17% growth in optical networks [5][17] - Cloud and Network Services experienced a 4% decline in Q4, attributed to revenue recognition timing, but had a 6% growth for the full year [17][18] - Mobile Networks net sales increased by 6%, with growth in the Middle East, Africa, Japan, and Indonesia [18] - Nokia Technologies faced a 17% decline in net sales in Q4, impacted by lower catch-up sales and a EUR 20 million impairment charge [19] Market Data and Key Metrics Changes - AI and cloud customers accounted for 16% of total net sales and 30% of Optical Networks in Q4 [17] - North America showed strong growth in Network Infrastructure, while Cloud and Network Services and Mobile Networks declined [20] - In APAC, growth was noted in Japan and Indonesia, while declines were seen in India and Greater China [20] Company Strategy and Development Direction - The company aims to focus on long-term value creation, emphasizing AI and cloud opportunities, and has simplified its operating model [4][11] - A new Mobile Infrastructure segment was formed to enhance accountability and profitability [8] - The company is investing in defense-grade solutions and has established Nokia Defense as a new incubation unit [10] - The target for operating profit in 2026 is set between EUR 2 billion and EUR 2.5 billion, with a focus on disciplined execution [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential of optical networking and AI infrastructure, despite a conservative growth forecast for 2026 [30][31] - The company anticipates a somewhat lower than normal seasonal decline in Q1 2026 due to strong Q4 performance [33] - Management highlighted the importance of clarity in regulatory frameworks like the Cybersecurity Act for future business opportunities [54][56] Other Important Information - The company closed the acquisition of Nokia Shanghai Bell, expecting EUR 200 million in cost synergies [11] - A new head of IP networking has been appointed to enhance focus on this area [47] - The company plans to invest EUR 900 million to EUR 1 billion in CapEx, primarily for optical networks [35][36] Q&A Session Summary Question: Growth expectations for optical networks - Management acknowledged the strong growth in Q4 but guided for a more conservative 10%-12% growth in 2026 due to transitioning from a telco-centric base [30][31] Question: Seasonal trends in Q1 - Management indicated that a slower start to the year is typical following a strong Q4, particularly in mobile networks [33] Question: CapEx visibility and order book - Management emphasized long-term trends and confidence in the market, noting that CapEx investments are aimed at supporting future growth [36] Question: Impact of restructuring costs - Management confirmed ongoing restructuring costs but expects significant savings in the long term [38] Question: North America market dynamics - Management acknowledged headwinds from customer losses but noted positive trends in AI and cloud segments [66][67] Question: Supply constraints in optical networks - Management confirmed supply constraints exist but emphasized ongoing investments to support capacity and capability in the ecosystem [60][62]

Market Overview - Stocks closed flat after the Fed's decision, with the Dow up 12 points or 0.03% [1] - The NASDAQ closed up 17 basis points, while the S&P 500 slid into the red, avoiding a record closing high [2] - The Russell 2000 closed down about 0.5% after an initial green start [2] Sector Performance - Technology and energy sectors outperformed, both up approximately 0.7% [3] - Consumer staples and real estate sectors led the decline, each down about 1% [3] - Healthcare sector also saw a decline of about 0.75% [4] Company Earnings Meta - Meta reported Q4 EPS of $8.88, with topline revenue of $59.89 billion, exceeding consensus of $58.42 billion [9] - Q4 ad revenue was $58.14 billion, surpassing the expected $56.79 billion [9] - For Q1, Meta forecasts revenue between $53.5 billion to $56.5 billion, above the street estimate of $51.27 billion [9] - Meta's capex for 2026 is projected between $115 billion to $135 billion, higher than the street's estimate of $110.6 billion [10] - Initial market reaction saw Meta's stock down nearly 3% despite strong revenue growth [10] - Analysts remain bullish, with over 90% rating it a buy, citing industry-leading revenue growth and scale advantages [11] Microsoft - Microsoft reported Q2 earnings that beat expectations, but shares fell 6% due to unclear reasons [20] - The company met expectations for its commercial cloud business, but personal computing revenues were in line, leading to a pullback [20] - Microsoft has remaining performance obligations above $600 billion, indicating future revenue [22] - Concerns exist regarding Microsoft's role in AI and its impact on the software business [28][30] Tesla - Tesla's Q4 EPS was $0.50, beating the consensus of $0.45 [22] - Q4 revenue was $24.90 billion, slightly below the estimate of $25.11 billion [22] - Gross margins were reported at 20.1%, exceeding the expected 17.1% [23] - Tesla's free cash flow was $1.42 billion, below the street's estimate of $1.59 billion [23] - The company is focusing on humanoid robots, projecting significant profit potential in the future [24][25] Investment Insights - Meta's long-term growth strategy is supported by its significant investments in AI and infrastructure, with a focus on revenue growth over short-term earnings [42] - Analysts suggest that Meta's current valuation at 18 times forward earnings is attractive given its growth prospects [42] - Microsoft faces challenges in maintaining its software business amidst rising AI competition, but its core products remain essential for data storage and access [30] - Tesla's future profitability is expected to be driven more by its robotics division than its electric vehicle sales, indicating a shift in its business model [25]

Core Insights - Accenture plc is a leading global professional services company specializing in consulting, technology, and outsourcing, competing with firms like IBM and Deloitte [1] Financial Performance - In Q1 Fiscal 2026, Accenture reported earnings per share of $3.94, a 9.8% increase year-over-year, and total revenues of $18.7 billion, reflecting a 6% growth [2][6] - The company's revenues exceeded consensus estimates by 1%, indicating strong market performance [3] Strategic Initiatives - Accenture's growth strategy emphasizes technology, with significant investments in cloud, data, and AI, and $1.5 billion spent on 23 acquisitions to enhance capabilities [3][6] - The company maintains a competitive edge through these strategic investments [6] Financial Stability - Accenture has a current ratio of 1.41, demonstrating its ability to cover short-term liabilities with short-term assets [4] - The low debt-to-equity ratio of 0.27 indicates a conservative leveraging approach, favorable for long-term growth [4] Stock Performance - The stock recently closed at $281.07, with a 1.41% decline from the previous day, but has increased by 5.6% over the past month, outperforming the Computer and Technology sector and the S&P 500 [5][6] - Accenture is recognized as a top momentum stock for long-term investment, appealing to growth-seeking investors [5]

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks in Focus on Wall Street. On January 26, KeyBanc analyst Justin Patterson raised the price target on the stock to $360.00 (from $330.00) while maintaining an Overweight rating. The firm views AI and Cloud trends structurally favorable for GOOGL, justifying a higher valuation. According to the firm, the current environment remains favorable for both GOOGL and Meta. It cited several core trends in artificial intelligence emerging that will favor the stock ...

Group 1: Financial Performance - Accenture plc reported earnings of $3.94 per share for the first quarter of fiscal 2026, exceeding the Zacks Consensus Estimate by 5.6% and reflecting a 9.8% increase year-over-year [1] - Total revenues reached $18.7 billion, surpassing the consensus estimate by 1% and showing a 6% year-over-year growth [1][10] Group 2: Strategic Focus - The company emphasizes delivering 360-degree value to stakeholders through technology, focusing on long-term growth by building a digital core with cloud, data, and AI [2] - Accenture's buyout strategy aims to channel business into high-growth areas, enhancing skills and capabilities, with $1.5 billion spent on 23 acquisitions in fiscal 2025 [3] Group 3: Dividend and Liquidity - Accenture has a consistent record of dividend payments, distributing $3.7 billion in fiscal 2025, indicating a commitment to returning value to shareholders [4] - The company's current ratio was 1.41 at the end of the first quarter of fiscal 2026, suggesting it can easily meet short-term obligations despite being lower than the industry average of 1.97 [5] Group 4: Industry Challenges - Higher talent costs due to a competitive market pose a significant challenge for consulting services providers like Accenture, which is labor-intensive and reliant on foreign talent [6] - The company's market share and revenues are closely tied to client relationships and contract negotiations, facing fierce competition from firms like Genpact Limited and Cognizant Technology Solutions [7]

Core Viewpoint - Alphabet Inc. (GOOGL) stock has increased by 77% over the past year, driven by market themes such as cloud computing and artificial intelligence [1] Group 1: Stock Performance - GOOGL stock has shown a significant increase of 77% over the last year [1] Group 2: Market Themes - The gains in GOOGL stock are attributed to several market themes, including cloud services and artificial intelligence [1]

Core Insights - AEM Holdings and Venture Corporation represent two distinct approaches within the Singapore technology manufacturing sector, with AEM focusing on semiconductor testing solutions and Venture Corporation providing broader electronics manufacturing services [1] AEM Holdings - AEM is a provider of test solutions for semiconductors and electronics, achieving a compound annual growth rate (CAGR) of 23.4% in turnover from S$70.4 million in 2016 to S$380.4 million in 2024 [2] - Net income for AEM grew at a CAGR of approximately 12%, increasing from S$4.7 million to S$11.4 million during the same period [2] - Future growth for AEM is anticipated to be driven by rising demand for testing solutions due to AI advancements in semiconductors and potential new customer partnerships, positioning the company for a strong performance in 2026 [3] - AEM's revenue is highly cyclical, closely linked to the semiconductor capital expenditure cycle, with a significant decline in revenue and earnings observed between 2022 and 2024, dropping 56.2% and 91% respectively [4] - AEM's financials are heavily reliant on a single customer, Intel, which accounts for an estimated 60% to 70% of its revenue, creating a concentrated customer risk [5] Venture Corporation - Venture Corporation operates as an electronics manufacturing services (EMS) company with a diverse focus across various industries, including MedTech and Life Sciences, resulting in greater stability compared to AEM [6] - The company's revenue has ranged from S$2.6 billion to S$4 billion over the past decade, with net income growing at a steady CAGR of 5.2% to S$245 million by 2024 [7] - Venture Corporation has consistently distributed dividends to shareholders, increasing from S$0.50 in 2016 to S$0.75 in FY2024, and maintains a strong balance sheet with zero debt and over S$1 billion in cash [7] - The company is well-positioned to benefit from the ongoing trend of outsourcing manufacturing responsibilities to specialist EMS partners [8] Comparative Analysis - AEM offers higher growth potential linked to the semiconductor cycle but is subject to significant volatility, while Venture Corporation provides stability and consistent dividends with slower growth potential [10][11] - The choice between AEM and Venture Corporation depends on the investor's risk appetite, with AEM appealing to those seeking aggressive growth and Venture Corporation to those valuing stability [12][13]

As mega cap earnings are looming large starting on Wednesday, Meta, Microsoft, Tesla, Thursday brings us Apple, you all know by now you got to wait a while for Nvidia. But these are the ones right now, Bin that matter. They always matter. I feel like maybe they matter even more.Why. Because tech has lagged so much to start the year. nowhere to be seen on the best performing sectors list where energy leads the way and materials is next and industrials follow that and then on and on and on and then you finall ...

Core Viewpoint - Super Micro Computer, Inc. (SMCI) will host its second quarter fiscal 2026 financial results conference call on February 3rd, 2026, at 5:00 p.m. ET / 2:00 p.m. PT, with a webcast available for access [1]. Group 1 - Supermicro is a global leader in Application-Optimized Total IT Solutions, focusing on Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure [2]. - The company designs and manufactures its products in-house in the US, Taiwan, and the Netherlands, optimizing for scale and efficiency while reducing environmental impact [2]. - Supermicro's award-winning portfolio includes Server Building Block Solutions® that allow customers to customize systems based on their specific workloads and applications [2].