NEENAH, WI, July 09, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal third quarter 2025 results after market close on Wednesday, July 23, 2025. Plexus’ management will host a conference call to discuss its fiscal third quarter results on Thursday, July 24, 2025 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website, plexus.com. What:Plexus Fiscal 2025 Q3 Earning ...

Core Insights - Methode Electronics reported a net loss of $28.3 million for the fourth quarter of fiscal 2025, an improvement from a loss of $57.3 million in the same quarter of fiscal 2024, primarily due to a significant goodwill impairment in the prior year [7][14]. - The company experienced a decrease in net sales to $257.1 million, down from $277.3 million in the same quarter of fiscal 2024, largely attributed to lower volume in the Automotive segment [4][12]. - Despite challenges, Methode achieved record sales in data center power products, exceeding $80 million for the fiscal year, and reported strong free cash flow of $26.3 million for the quarter [3][10]. Financial Performance - For fiscal 2025, Methode's total net sales were $1,048.1 million, a decline from $1,114.5 million in fiscal 2024, with the Automotive segment's performance negatively impacting overall sales [12]. - The loss from operations for the fourth quarter was $23.6 million, an improvement from a loss of $61.5 million in the same quarter of the previous year [5][13]. - The adjusted net loss for the fourth quarter was $27.4 million, compared to a loss of $7.9 million in the same quarter of fiscal 2024 [7][14]. Segment Performance - The Automotive segment reported net sales of $112.9 million, down 22.6% from $145.9 million, primarily due to program roll-offs and lower demand [11]. - The Industrial segment saw an increase in net sales to $132.6 million, up 13.1% from $117.2 million, driven by higher demand for power distribution products for data centers [11]. - Electric and hybrid vehicle applications accounted for 20% of net sales, indicating a significant reliance on this segment despite recent demand challenges [5]. Cash Flow and Debt Management - Net cash provided by operating activities was $35.4 million for the quarter, an increase from $24.9 million in the same quarter of fiscal 2024 [10]. - Free cash flow reached $26.3 million, marking the highest quarter since fiscal 2023, attributed to improvements in working capital [10]. - Total debt decreased to $317.6 million from $327.9 million in the previous quarter, with net debt also reduced to $214.0 million [9]. Future Outlook - For fiscal 2026, Methode expects net sales to range between $900 million and $1,000 million, with EBITDA projected between $70 million and $80 million [17]. - The company anticipates doubling its EBITDA in fiscal 2026 despite an expected decline of approximately $100 million in sales due to lower demand from electric vehicle customers [3][17].

Key Takeaways NVTS stock jumped 246% in three months, far outpacing sector benchmarks and semiconductor peers. Investor optimism is driven by GaN and SiC innovations, EV wins and AI data center design traction. Despite growth prospects, NVTS faces soft revenues, margin pressure and trades at 15.5x forward P/S.Navitas Semiconductor (NVTS) has delivered a standout performance in 2025, with its stock skyrocketing 246% over the past three months, far outpacing the broader Electronics - Semiconductors industry ...

Core Insights - Celestica, Inc. is well-positioned to benefit from the growing AI proliferation in the data center and edge infrastructure market, with the AI hardware market expected to grow at a 22.4% CAGR, reaching $210.5 billion by 2034 from $34.05 billion in 2025 [1] - The company is expanding its offerings through innovation and strategic collaborations to capitalize on emerging market trends [2] - Celestica's extensive 800G Family of Networking Switches is anticipated to be a major growth driver, optimized for AI/ML and Big Data Analytics [3] Company Developments - The DS4100 switch, designed with Broadcom's TH4-12.8T switch chipset, is gaining traction in the data-center networking market [2] - The introduction of the ES1500 switch is tailored for edge AI deployments and IoT expansion in various sectors [3] - Celestica's shares have surged 167.5% over the past year, outperforming the industry's growth of 96.4% [7][8] Competitive Landscape - Competitors include Jabil, Inc. and Flex Ltd., both of which are also benefiting from demand in AI-related sectors [4] - Jabil announced a $500 million multi-year investment initiative to expand its manufacturing capabilities in the AI data center infrastructure market [5] - Flex is focusing on industrial AI and has improved its data center solutions through the acquisition of JetCool Technologies [6] Valuation Metrics - Celestica trades at a forward P/E ratio of 27.89, which is above the industry average, potentially raising valuation concerns [8][9] - The Zacks Consensus Estimate for Celestica's earnings for 2025 and 2026 has remained unchanged over the past 60 days [11]

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Core Insights - Applied Materials (AMAT) is experiencing increased demand due to the rise of AI infrastructure, particularly in its Logic and DRAM segments, as global semiconductor companies compete to innovate in logic, compute memory, and packaging for AI workloads [1][2] Group 1: Demand and Growth Drivers - The demand for fabrication, patterning, and advanced packaging systems is on the rise, creating significant opportunities for AMAT [2] - Technologies such as next-generation gate-all-around transistors, backside power delivery, 4F2, and 3D DRAM are expected to further propel AMAT's growth in AI workloads [2] - AMAT's Sym3 Magnum etch system has generated over $1.2 billion in revenue since its launch in February 2024, highlighting its importance in developing high-aspect-ratio structures for AI and HPC workloads [3][9] - Advanced DRAM revenues are projected to grow over 40% in fiscal 2025, driven by increased demand for DDR5 and high-bandwidth memory used in AI applications [4][9] Group 2: Competitive Landscape - Lam Research's memory segment saw a nearly 24% year-over-year revenue increase to $1.31 billion in Q3 fiscal 2025, driven by AI-related chip demand [5] - KLA Corporation's advanced packaging solutions are also benefiting from the AI boom, with projections indicating its advanced packaging business will grow from $500 million in 2024 to $850 million in 2025 [6] Group 3: Financial Performance and Valuation - AMAT's shares have increased by 19.9% year-to-date, outperforming the Electronics - Semiconductors industry, which grew by 13.3% [7] - The company trades at a forward price-to-sales ratio of 5.23X, which is lower than the industry average of 8.6X, indicating potential valuation upside [10] - The Zacks Consensus Estimate for AMAT's fiscal 2025 and 2026 earnings suggests year-over-year growth of 9.48% and 5.60%, respectively, with upward revisions in estimates for fiscal 2026 and 2027 over the past 60 days [13]

Core Insights - SkyWater Technology (SKYT) achieved a significant turnaround in profitability in Q1 2025, with non-GAAP gross profit increasing to $14.8 million from $13.4 million, resulting in a gross margin of 24.2%, a 730-basis-point improvement year over year [2][10] - The launch of ThermaView in January 2025 has driven a 70% sequential increase in Wafer Services revenues, reaching $7.5 million, indicating a shift in SkyWater's product mix towards new offerings [3][10] - Management anticipates continued growth in Wafer Services throughout 2025, supported by customer ramps and a growing innovation pipeline, alongside the recent acquisition of Fab 25 to expand manufacturing capacity [4][10] Financial Performance - SkyWater expects both GAAP and non-GAAP gross margins to remain in the 23%-27% range for the full year 2025, with potential for further upside due to improved cost control and a more disciplined tools mix [5][10] - The Zacks Consensus Estimate for 2025 revenues is projected at $307.15 million, reflecting a 10.26% decline from 2024, while the estimated loss is pegged at 1 cent per share, indicating a sharp decline of 116.67% year-over-year [12] Competitive Landscape - GlobalFoundries (GFS) reported $1.6 billion in Q1 2025, significantly outpacing SkyWater, with strengths in strategic partnerships and AI-related semiconductor manufacturing [6] - ON Semiconductor (ON) focuses on intelligent power and sensing solutions, leveraging a vertically integrated model that provides cost advantages, particularly in the growing EV market [7] Share Price and Valuation - SkyWater shares have declined 23.3% year to date, contrasting with a 7% return in the broader Zacks Computer and Technology sector and a 13.4% rise in the Electronics – Semiconductors industry [8] - Currently, SkyWater is trading at a forward 12-month Price/Sales ratio of 1.48X compared to the industry's 8.6X, with a Value Score of B [11]

Core Insights - Apple has faced challenges in the Chinese market due to competition from Huawei and Xiaomi, with iPhone sales declining by 2.3% year-over-year in Q2 of fiscal 2025 [1] - Recent data indicates a recovery for Apple, with over 8% year-over-year growth in iPhone sales from April 1 to June 22, attributed to strong promotions for the iPhone 16 Pro and Pro Max [2] - The U.S. tariffs on China are expected to negatively impact Apple's supply chain, with an estimated cost of $900 million in Q3 of fiscal 2025 [3] Sales and Market Performance - Apple has recorded its first growth in China since Q2 of 2023, driven by effective marketing strategies for the iPhone 16 series [2][9] - Huawei continues to lead the market with over 12% year-over-year growth [2] - Apple's Services revenue grew by 11.6% year-over-year in fiscal Q2, supported by a growing subscriber base across its services [7][9] Product and Feature Developments - Apple Intelligence features are being expanded, with new language support and functionalities aimed at enhancing user experience and driving sales [4][5] - New features in Apple Music and Apple Wallet are expected to further boost Services revenue [6] Financial Metrics and Stock Performance - The Zacks Consensus Estimate for Apple's fiscal 2025 earnings remains steady at $7.11 per share, indicating a 5.33% growth from fiscal 2024 [8] - Apple shares have declined by 9.9% year-to-date, underperforming compared to peers like Amazon, Microsoft, and Alphabet [10] - Apple's current valuation shows a forward Price/Sales ratio of 7.51X, higher than the sector average of 6.57X [13] Conclusion - Despite the growth in Services, the performance of Apple Intelligence poses challenges for the product business, particularly in the competitive Chinese market [19]

Investors interested in Electronics - Miscellaneous Products stocks are likely familiar with Universal Electronics (UEIC) and Hayward Holdings, Inc. (HAYW) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scor ...

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