Core Insights - TTM Technologies, Inc. has been awarded the fifth annual TTM Chair for Community Service Award for its contributions to the Central New York community in 2025 [1][2] - The award includes a $20,000 donation to the United Way of Central New York, reflecting TTM's commitment to community service [1][5] Company Overview - TTM Technologies, Inc. is a leading global manufacturer specializing in technology products such as mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [3] - The company emphasizes time-to-market, providing design, engineering, and manufacturing services that help customers expedite product development [3] Community Engagement - The Syracuse Campus of TTM has a long-standing partnership with the United Way of Central New York, which was reinforced in 2025 through various community service initiatives [2] - Activities included donation drives, creating greeting cards for seniors, cleaning veterans' gravestones, and volunteering at local soup kitchens [2] - The TTM Chair for Community Service Award was established to honor the legacy of retired Board Chairman Robert Klatell, promoting community leadership and public service [2]

Core Insights - Earnings estimates for Sanmina Corporation (SANM) for 2025 and 2026 have increased by 38.9% to $9.64 and 43.4% to $11.46 respectively, indicating positive sentiment regarding the stock's growth potential [1][7]. Group 1: Connected Manufacturing - Sanmina is focusing on 42Q connected manufacturing, which integrates data from global factories and suppliers, creating a real-time information base that enhances visibility and accelerates decision-making [2]. - The 42Q connected manufacturing system has been deployed in over 70 factories across 15 countries, connecting more than 35,000 manufacturing devices in the cloud, allowing for a customer-focused approach to anticipate manufacturing needs [3]. Group 2: Vertical Integration - Sanmina provides end-to-end solutions including product design, manufacturing, assembly, testing, and aftermarket support, which allows clients to rely on a single partner throughout the product lifecycle [4]. - The vertically integrated manufacturing process streamlines operations and reduces costs, enabling greater economies of scale and faster time to market [5]. Group 3: Market Performance - Sanmina's stock has surged 100.7% over the past year, outperforming the industry growth of 85.4%, although it has lagged behind Celestica Inc. which increased by 197.7% [8]. - Despite positive stock performance, Sanmina faces challenges from supply chain disruptions, geopolitical issues, and intense competition in the electronics manufacturing services sector [9]. Group 4: Future Outlook - Sanmina is well-positioned for long-term growth due to its strong presence in multiple end markets and a focus on high-growth industries, supported by its global network and expertise in advanced electronics manufacturing [12]. - However, the company is likely to face pressure on bottom-line growth due to competition, supply chain issues, and high R&D costs affecting profitability [13].

Core Insights - Nortech Systems Incorporated has appointed Andrew Walko as Senior Vice President of Global Operations, effective immediately, to enhance leadership in strategic initiatives [1][2] Leadership Transition - Andrew Walko replaces John Lindeen, who is set to retire in the first quarter of 2026, and will oversee global operations including facilities in the U.S., Mexico, and China [3] Responsibilities and Focus Areas - Walko's responsibilities include managing the global supply chain, new product introductions, production planning, and ensuring on-time delivery while optimizing the company's near-shoring strategy and manufacturing capacity [3] - The focus will be on reducing lead times, improving quality standards, mitigating supply chain risks, and enhancing cost productivity through innovative customer partnerships [3] Company Profile - Nortech specializes in complex cable harnesses, printed circuit board assemblies, and box builds for low-volume, high-mix global manufacturing [4] - The company has made strategic investments in the U.S., Mexico, and China, which have diversified its capabilities and improved efficiencies, supporting future growth [4] - Nortech serves various markets including medical imaging, medical devices, aerospace & defense, and industrial sectors, with a vertically integrated manufacturing and supply chain capability [5]

Core Insights - Jabil, Inc. (JBL) has experienced a stock price increase of 58.1% over the past year, underperforming compared to the industry growth of 97.6% and peers like Celestica Inc. (CLS) which surged 206.2% [1][8] Group 1: Company Performance - Jabil's revenue for fiscal 2026 is projected to reach $32.4 billion, an increase from the previous estimate of $31.3 billion, with earnings per share (EPS) raised to $11.55 from $11.00 [10][8] - The Zacks Consensus Estimate for Jabil's fiscal 2026 earnings has increased by 12.4% to $11.55 per share, indicating positive sentiment regarding the stock's growth potential [13] Group 2: Growth Drivers - Jabil is expected to benefit from growth in AI data center infrastructure, capital equipment, and warehouse automation markets, alongside the rapid adoption of 5G wireless and cloud computing [6][10] - The company's focus on end-market and product diversification is a key growth catalyst, aiming for no single product or product family to exceed 5% of operating income or cash flows in any fiscal year [5] Group 3: Strategic Initiatives - Jabil has reorganized its internal structure to align operations with specific end markets, aiming to develop domain-specific expertise and enhance responsiveness to market demands [9] - The company is positioned to capitalize on growth opportunities in sectors such as AI data center hardware, power and energy infrastructure, and healthcare, supported by strong margins and robust free cash flow [16][17] Group 4: Technological Advancements - Jabil's optical modules, developed in collaboration with Intel Corporation, are designed to enhance performance in AI/ML applications, promising significant improvements in data transmission efficiency and reliability [12][11] - The company's commitment to leveraging cutting-edge technology positions it as a strategic partner in the AI/ML ecosystem, enhancing its competitive edge [11]

Core Insights - Foxconn, the world's largest contract electronics manufacturer, reported a significant increase in revenue during the final quarter of 2025, highlighting ongoing growth momentum in the electronics sector [1] Company Performance - The revenue surge in the last quarter of 2025 indicates strong demand for Foxconn's manufacturing services, particularly in relation to its partnership with Nvidia [1] - This performance reflects the broader trends in the electronics industry, where demand for advanced technology products continues to rise [1]

Core Insights - Foxconn reported a 22% increase in revenues for Q4 2025, driven by heightened spending on AI infrastructure by tech firms [1] - The company's revenues reached 2.6 trillion Taiwan dollars ($83 billion), exceeding analyst expectations of NT$2.4 trillion ($77 billion) [1] - Foxconn's share price increased by 25% throughout 2025, following a significant 76% rise in the previous year [2] Company Overview - Foxconn, also known as Hon Hai, is the world's largest contract electronics manufacturer, producing servers for data centers and assembling Apple's iPhone [2] - The company has positioned itself as a crucial player in the AI sector as businesses accelerate the development of related infrastructure [2]

Core Viewpoint - Foxconn, the world's largest contract electronics manufacturer, achieved record revenue in the fourth quarter, primarily due to robust demand for artificial intelligence products [1] Company Summary - Foxconn reported record fourth-quarter revenue, indicating strong performance in the electronics sector [1] - The growth in revenue is attributed to the increasing demand for artificial intelligence products, highlighting a significant trend in the industry [1]

Core Viewpoint - Foxconn reported record fourth-quarter revenue driven by strong demand for artificial intelligence products, with revenue reaching T$2.6028 trillion ($82.73 billion), a 22.07% increase from the same quarter last year [1]. Group 1: Financial Performance - Revenue exceeded the T$2.418 trillion LSEG SmartEstimate, indicating strong performance relative to analyst forecasts [2]. - Fourth-quarter revenue grew significantly both quarter-on-quarter and year-on-year, surpassing expectations and setting a high base for comparison for the first quarter of 2026 [2]. - On a U.S. dollar basis, fourth-quarter revenue rose 26.4% [2]. Group 2: Segment Performance - Growth was primarily driven by the cloud and networking products division, fueled by booming demand for AI products [3]. - The smart consumer electronics segment, which includes iPhones, experienced a slight revenue decline due to unfavorable exchange rates [3]. - In December, Foxconn achieved revenue of T$862.86 billion, marking a 31.77% annual increase and setting a record for that month [3]. Group 3: Stock Performance - Foxconn's shares rose 25.3% last year, aligning with the broader Taiwan market, and closed up 1.08% on Monday ahead of the revenue data [4]. - The benchmark index gained 2.57% on the same day [4].

Core Viewpoint - Antique projects CY26 as a potential turning point for Indian equities, anticipating a recovery in corporate profits and foreign portfolio investor (FPI) flows, with a target of 29,500 for the Nifty index, implying a 13% upside from current levels [1][13] Earnings Outlook - Nifty earnings are expected to grow at a compound annual rate of approximately 16% over FY26–28, significantly higher than the 7% CAGR recorded over FY24–26 [1][13] - The brokerage emphasizes an earnings-led market recovery rather than relying on multiple expansions, with corporate earnings positively correlated with wholesale price inflation and nominal GDP growth, both expected to normalize in FY27 [3][13] - A broad-based recovery in profits is anticipated, particularly in sectors such as electronics manufacturing services, telecom, industrials, and retail, while oil and gas, IT services, power utilities, FMCG, and automobiles are expected to lag [3][13] Capital Expenditure and Financials - The capital expenditure theme is expected to rebound after two years of slowdown, with favorable conditions across global monetary policies and domestic support [7][13] - Financials are a core focus, with expectations for banks to enter an earnings upcycle in CY26, supported by a strong domestic macro backdrop and the nearing end of the rate-cut cycle [8][13] - Public sector banks are favored due to comparable growth metrics to private lenders while trading at a 45% discount [8][13] Consumption Sector and Mid/Small-Cap Stocks - The broader consumption sector is viewed with caution due to high valuations and competitive pressures, although select discretionary segments like alcoholic beverages and hotels are seen positively [9][13] - Mid- and small-cap stocks are expected to show earnings growth that outpaces the Nifty over the next two to three years, driven by domestic cyclicals and increased capex activity [10][13] Stock Picks and Market Flows - Top large-cap stock picks include ICICI Bank, State Bank of India, and Hindustan Aeronautics, while mid-cap and small-cap preferences include Siemens Energy India and Chalet Hotels, respectively [11][13] - After a significant outflow of $17.5 billion from Indian equities in CY25, Antique anticipates stabilization and potential revival of FPI flows in CY26, supported by low FPI ownership and reasonable valuations [11][13] - Despite trading at a premium to historical averages, valuations are expected to be sustained due to lower bond yields and sectoral divergence, with many Nifty 500 stocks having corrected over 20% from their highs [12][13]

Industry Overview - The global electronics manufacturing services (EMS) industry is experiencing significant growth, driven by AI data centers, consumer electronics, IoT markets, 5G adoption, and automotive innovations, particularly electric vehicles. The EMS industry is projected to grow at a compound annual growth rate (CAGR) of 6.95% from 2025 to 2034 [1]. Company Analysis: Flex Ltd (FLEX) - Flex is well-positioned for multi-year growth, with its data center business identified as the primary growth engine, significantly influenced by AI infrastructure developments [3][4]. - The company has introduced a new AI infrastructure platform that enhances data center deployment speed by up to 30% and reduces execution risk [4]. - Flex's revenue from the data center segment is expected to rise at least 35% in the current fiscal year, benefiting from partnerships with leading technology companies like NVIDIA [5][10]. - Despite strong performance in the power and cloud markets, Flex anticipates a slight decline in Agility Solutions revenues due to softer demand in consumer devices and challenges from the Ukraine facility shutdown [7][8]. - The diversified portfolio of Flex continues to provide stability, with steady demand in the Health Solutions segment and growth in the Communications and enterprise segment [6]. Company Analysis: Jabil Inc (JBL) - Jabil's growth is driven by its expanding opportunities in healthcare, cloud, data center, and energy infrastructure, with its Intelligent Infrastructure segment emerging as a key growth driver [9]. - The Intelligent Infrastructure segment generated $3.9 billion in revenues in the first quarter of fiscal 2026, reflecting a 54% year-over-year increase and constituting 46% of total revenues [11]. - Jabil's cloud and data center business is projected to reach $9.8 billion for fiscal 2026, bolstered by new program wins and acquisitions [12]. - The healthcare segment is expected to remain a long-term growth catalyst, with strong visibility into program ramps across various medical technologies [13]. - Jabil's free cash flow was $1.3 billion in fiscal 2025, with expectations to maintain this level in fiscal 2026, allowing for share buybacks and continued investments [15]. Performance and Valuation - Over the past six months, FLEX and JBL have seen stock gains of 27.2% and 7.2%, respectively [16]. - FLEX is trading at a forward 12-month price/earnings ratio of 18.22X, while JBL is at 19.02X, indicating a slightly more favorable valuation for FLEX [17]. Earnings Estimates - Analysts have maintained FLEX's earnings estimates for the current fiscal year, with no revisions over the past 60 days [19]. - In contrast, JBL has seen a 4.5% upward revision in its earnings estimates during the same period [20]. Investment Outlook - FLEX currently holds a Zacks Rank of 3 (Hold), while JBL has a Zacks Rank of 2 (Buy), suggesting that JBL may present a better investment opportunity at this time [21].