{"id":89538,"date":"2026-04-28T09:17:50","date_gmt":"2026-04-28T01:17:50","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=88264"},"modified":"2026-04-28T09:17:50","modified_gmt":"2026-04-28T01:17:50","slug":"technical-analysis-28-april-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-28-april-2026\/","title":{"rendered":"Technical Analysis &#8211; 28 April 2026"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><strong><a href=\"\/researchstg\/#us\">United States<\/a> | <a href=\"\/researchstg\/#sg\">Singapore<\/a> | <a href=\"\/researchstg\/#hk\">Hong Kong<\/a> | <a href=\"\/researchstg\/#ea\" title=\"\">Earnings<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-76998-_5ifytjpamge8\"><\/a><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77026\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-76998-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Teledyne Technologies Incorporated\u00a0(TDY\u00a0US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-440.png\" alt=\"\" class=\"wp-image-88322\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-440.png 903w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-440-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-440-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the\u00a05dEMA with\u00a0elevated\u00a0volume\u00a0for the week.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a0650,\u00a0Target\u00a0690,\u00a0Stop\u00a0630<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87138\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Plug Power, Inc.\u00a0(PLUG\u00a0US)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-441.png\" alt=\"\" class=\"wp-image-88323\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-441.png 903w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-441-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-441-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0slightly below the 5dEMA.\u00a0\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a03.0,\u00a0Target\u00a04.0,\u00a0Stop\u00a02.5<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png\" alt=\"\" class=\"wp-image-87140\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-86958-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png\" class=\"wp-image-87044\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Totm\u00a0Technologies Ltd (TOTM\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-403.png\" alt=\"\" class=\"wp-image-88276\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0at a six-month high above the 5dEMA with rising volume.\u00a0<\/li>\n\n\n\n<li>MACD is positive, while RSI is overbought.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.029,\u00a0Target\u00a00.032,\u00a0Stop\u00a00.027<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Genting Singapore Ltd (GENS\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-404.png\" alt=\"\" class=\"wp-image-88277\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA with rising volume.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.705,\u00a0Target\u00a00.745,\u00a0Stop\u00a00.685<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png\" alt=\"\" class=\"wp-image-87161\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-87147-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-87162\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-87147-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\">Lenovo Group Ltd\u00a0(992\u00a0HK) \u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-405.png\" alt=\"\" class=\"wp-image-88278\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0at a six-month high above the 5dEMA.\u00a0<\/li>\n\n\n\n<li>MACD is constructive, while RSI is at an overbought level.\u00a0<\/li>\n\n\n\n<li><strong>Long\u00a0<\/strong>\u2013\u00a0<strong>Entry\u00a012.0,\u00a0Target\u00a012.9,\u00a0Stop\u00a011.5<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Plover Bay Technologies Ltd (1523\u00a0HK)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"534\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-406.png\" alt=\"\" class=\"wp-image-88279\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-406.png 903w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-406-300x177.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/image-406-768x454.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 20dEMA with rising volume. The 5dEMA crossed the 10dEMA.\u00a0\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a07.6,\u00a0Target\u00a08.2, Stop\u00a07.3<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png\" alt=\"\" class=\"wp-image-87053\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-14-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"er\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png\" alt=\"\" class=\"wp-image-87054\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png 601w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/03\/word-image-86958-15-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Verizon Communications Inc. (VZ)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$34.4B,\u00a0+2.7% YoY,\u00a0miss\u00a0estimates\u00a0by $490M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.28,\u00a0beat\u00a0estimates by\u00a0$0.07\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26\u00a0Guidance:<\/strong>\u00a0Raised FY26 adjusted EPS guidance to $4.95 to $4.99, or 5.0% to 6.0% YoY growth, from prior guidance of 4.0% to 5.0%. Management also now expects total retail postpaid phone net additions to land in the upper half of the 750,000 to 1.0M range.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends:\u00a0<\/strong>Verizon paid $2.9B of dividends and repurchased $2.5B of shares in 1Q26\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was better than feared, and the most important positive was subscriber quality. Verizon added 55,000 retail postpaid phone net subscribers in 1Q26, versus market expectations for a loss, marking its first positive March quarter for postpaid phone adds in over a decade. That matters because it suggests the company\u2019s revised go-to-market strategy, including bundling and targeted switching offers, is beginning to work.\u00a0\u00a0Wireless and broadband service revenue trends were also reasonably healthy beneath the headline revenue miss. Verizon\u00a0indicated\u00a0that in March, mobility and broadband service revenue grew in the middle of its 2.0% to 3.0% guidance range, even though reported wireless service revenue faced an 80 bp one-time pressure from customer credits and other impacts related to the January outage. In other words, the revenue miss appears more timing and one-off in nature than a sign of underlying commercial deterioration. Cash generation remained solid. Cash flow from operations rose to $8.0B from $7.8B a year ago, while free cash flow increased to $3.8B from $3.6B. This supports Verizon\u2019s ability to sustain both shareholder returns and network investment without changing the balance-sheet debate materially. The weaker point was broadband mix and topline conversion. Fixed wireless broadband additions were 214,000, down 30% YoY and below some market expectations, which\u00a0indicates\u00a0not every growth vector accelerated this quarter. Revenue at $34.4B was also slightly below consensus, even if the company had a credible outage-related explanation.\u00a0Shares rose about 3%\u00a0after the release as investors focused on the unexpected postpaid phone subscriber growth, EPS beat, and raised full-year guidance rather than the modest revenue miss. The read-through is constructive. Verizon delivered the type of quarter the market needed to\u00a0see\u00a0better subscriber performance, stable service-revenue trends, solid cash flow, and a guidance raise. The\u00a0principal variables to monitor are whether postpaid phone momentum sustains beyond one quarter, whether fixed wireless growth re-accelerates, and whether bundling continues to improve customer lifetime value without sacrificing margin.\u00a0<strong>2Q26\u00a0recommended trading range: $40\u00a0to $60.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Verizon Communications\u00a0Inc.\uff08VZ<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>6\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>344\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f2.7%\uff0c\u4f4e\u4e8e\u9884\u671f4.9\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.28\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u8c03\u6574\u540eEPS\u81f34.95\u20134.99\u7f8e\u5143\uff08\u540c\u6bd4\u589e\u957f5.0%\u20136.0%\uff0c\u6b64\u524d\u4e3a4.0%\u20135.0%\uff09\uff1b\u9884\u8ba1\u5168\u5e74\u96f6\u552e\u540e\u4ed8\u8d39\u624b\u673a\u51c0\u589e\u7528\u6237\u5c06\u843d\u572875\u4e07\u2013100\u4e07\u533a\u95f4\u7684\u4e0a\u534a\u533a\u95f4\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u7b2c\u4e00\u5b63\u5ea6\u652f\u4ed8\u80a1\u606f29\u4ebf\u7f8e\u5143\uff0c\u56de\u8d2d\u80a1\u796825\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u597d\u4e8e\u5e02\u573a\u62c5\u5fe7\uff0c\u6700\u5927\u4eae\u70b9\u5728\u4e8e\u7528\u6237\u8d28\u91cf\u663e\u8457\u6539\u5584\u3002\u516c\u53f8\u65b0\u589e5.5\u4e07\u96f6\u552e\u540e\u4ed8\u8d39\u624b\u673a\u7528\u6237\uff0c\u8fdc\u8d85\u5e02\u573a\u9884\u671f\u7684\u6d41\u5931\uff0c\u5e76\u521b\u4e0b\u5341\u4f59\u5e74\u6765\u9996\u4e2a3\u6708\u5b63\u5ea6\u5b9e\u73b0\u6b63\u5411\u540e\u4ed8\u8d39\u624b\u673a\u51c0\u589e\u7684\u7eaa\u5f55\u3002\u8fd9\u4e00\u8f6c\u6298\u8868\u660e\u5176\u8c03\u6574\u540e\u7684\u5e02\u573a\u7b56\u7565\u2014\u2014\u5305\u62ec\u878d\u5408\u5957\u9910\uff08bundling\uff09\u4e0e\u9488\u5bf9\u6027\u643a\u53f7\u8f6c\u7f51\u4f18\u60e0\u2014\u2014\u6b63\u521d\u89c1\u6210\u6548\u3002\u5c3d\u7ba1\u9876\u5c42\u8425\u6536\u7565\u900a\u9884\u671f\uff0c\u4f46\u6838\u5fc3\u670d\u52a1\u6536\u5165\u8d8b\u52bf\u7a33\u5065\u3002Verizon\u6307\u51fa\uff0c\u82e5\u5254\u96641\u6708\u7f51\u7edc\u4e2d\u65ad\u4e8b\u4ef6\u5bfc\u81f4\u7684\u4e00\u6b21\u6027\u5ba2\u6237\u8865\u507f\uff08\u5bf9\u65e0\u7ebf\u670d\u52a1\u6536\u5165\u9020\u6210\u7ea680\u4e2a\u57fa\u70b9\u62d6\u7d2f\uff09\uff0c3\u6708\u79fb\u52a8\u4e0e\u5bbd\u5e26\u670d\u52a1\u6536\u5165\u589e\u901f\u5904\u4e8e\u51762.0%\u20133.0%\u6307\u5f15\u533a\u95f4\u7684\u4e2d\u6bb5\u3002\u6362\u8a00\u4e4b\uff0c\u8425\u6536\u7f3a\u53e3\u4e3b\u8981\u6e90\u4e8e\u77ed\u671f\u3001\u975e\u7ecf\u8425\u6027\u56e0\u7d20\uff0c\u800c\u975e\u5546\u4e1a\u57fa\u672c\u9762\u6076\u5316\u3002\u73b0\u91d1\u6d41\u8868\u73b0\u5f3a\u52b2\uff1a\u7ecf\u8425\u6d3b\u52a8\u73b0\u91d1\u6d41\u4ece78\u4ebf\u7f8e\u5143\u589e\u81f380\u4ebf\u7f8e\u5143\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u4ece36\u4ebf\u7f8e\u5143\u5347\u81f338\u4ebf\u7f8e\u5143\uff0c\u652f\u6491\u516c\u53f8\u5728\u7ef4\u6301\u9ad8\u989d\u80a1\u4e1c\u56de\u62a5\uff08\u80a1\u606f+\u56de\u8d2d\uff09\u7684\u540c\u65f6\uff0c\u6301\u7eed\u63a8\u8fdb5G\u4e0e\u5149\u7ea4\u7f51\u7edc\u6295\u8d44\uff0c\u8d44\u4ea7\u8d1f\u503a\u8868\u538b\u529b\u53ef\u63a7\u3002\u4e3b\u8981\u77ed\u677f\u5728\u4e8e\u56fa\u5b9a\u65e0\u7ebf\u63a5\u5165\uff08FWA\uff09\uff1a\u65b0\u589e\u7528\u623721.4\u4e07\uff0c\u540c\u6bd4\u4e0b\u6ed130%\uff0c\u4f4e\u4e8e\u90e8\u5206\u5e02\u573a\u9884\u671f\uff0c\u663e\u793a\u5e76\u975e\u6240\u6709\u589e\u957f\u5f15\u64ce\u540c\u6b65\u52a0\u901f\u3002\u6b64\u5916\uff0c344\u4ebf\u7f8e\u5143\u7684\u603b\u8425\u6536\u867d\u6709\u5408\u7406\u89e3\u91ca\uff0c\u4f46\u4ecd\u6784\u6210\u8f7b\u5fae\u5931\u671b\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0a\u6da8\u7ea63%\uff0c\u53cd\u6620\u6295\u8d44\u8005\u66f4\u5173\u6ce8\u610f\u5916\u7684\u7528\u6237\u589e\u957f\u3001EPS\u8d85\u9884\u671f\u53ca\u5168\u5e74\u6307\u5f15\u4e0a\u8c03\uff0c\u800c\u975e\u5c0f\u5e45\u8425\u6536\u7f3a\u53e3\u3002\u6574\u4f53\u4fe1\u53f7\u5177\u5efa\u8bbe\u6027\uff1aVerizon\u4ea4\u51fa\u4e86\u4e00\u4efd\u5e02\u573a\u4e9f\u9700\u7684\u7b54\u5377\u2014\u2014\u7528\u6237\u8868\u73b0\u6539\u5584\u3001\u670d\u52a1\u6536\u5165\u7a33\u5b9a\u3001\u73b0\u91d1\u6d41\u5065\u5eb7\u3001\u6307\u5f15\u4e0a\u8c03\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u540e\u4ed8\u8d39\u624b\u673a\u7528\u6237\u589e\u957f\u52a8\u80fd\u80fd\u5426\u6301\u7eed\uff0c\u800c\u975e\u4ec5\u5355\u5b63\u53cd\u5f39\uff1b\uff082\uff09\u56fa\u5b9a\u65e0\u7ebf\u7528\u6237\u589e\u957f\u80fd\u5426\u91cd\u65b0\u52a0\u901f\uff1b\uff083\uff09\u878d\u5408\u5957\u9910\u7b56\u7565\u5728\u63d0\u5347\u5ba2\u6237\u7ec8\u8eab\u4ef7\u503c\uff08LTV\uff09\u7684\u540c\u65f6\uff0c\u662f\u5426\u80fd\u7ef4\u6301\u5229\u6da6\u7387\u7eaa\u5f8b\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a40\u7f8e\u5143\u81f360\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<br>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Domino\u2019s Pizza, Inc. (DPZ)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$1.15B,\u00a0+3.6% YoY, miss estimates by $10M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$4.13,\u00a0miss\u00a0estimates by\u00a0$0.14\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Management lowered its 2026 same-store sales outlook and now expects both U.S. and international same-store sales growth to be in the low single digits, down from prior expectations.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends:\u00a0<\/strong>Approved a new $1.0B share repurchase authorization. Management also highlighted $1.29B of\u00a0remaining\u00a0repurchase authorization on the earnings call.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was soft\u00a0relative\u00a0to expectations. Revenue grew 3.5% YoY to $1.15B, but both revenue and EPS missed consensus, which matters because Domino\u2019s had been viewed as a\u00a0relatively defensive\u00a0quick-service name. The company also posted only 0.9% U.S. same-store sales growth and a 0.4% decline in international same-store sales excluding FX, confirming that demand weakened materially during the quarter. The core issue\u00a0appears to be\u00a0consumer softness rather than a company-specific operational breakdown. Management said consumer sentiment dropped to pandemic-era lows in March, while higher food and energy prices and a weaker\u00a0labor\u00a0backdrop pressured traffic.\u00a0Competitive intensity increased as rivals launched aggressive promotions, including offers\u00a0similar to\u00a0Domino\u2019s own value bundles. Store growth\u00a0remains\u00a0a partial offset. Global retail sales still grew 3.4% excluding FX, helped by 180 net new stores in the quarter, including 161 internationally.\u00a0Domino\u2019s\u00a0continues to rely on unit expansion, especially in markets such as China and India, to support systemwide sales growth even as same-store demand softens. Profit quality was also affected by a one-time item.\u00a0Earnings\u00a0were partly pressured by a $30M pre-tax charge tied to Domino\u2019s investment in DPC Dash, its contractor-based delivery service investment. That does not fully explain the miss, but it does mean the quarter was\u00a0somewhat weaker\u00a0than the headline EPS alone suggests. Shares fell sharply about a 10% drop reflecting investor disappointment over the comp miss and weaker 2026 sales outlook. The setup is presently cautious.\u00a0Domino\u2019s\u00a0still has credible levers through value promotion, menu innovation, digital improvements, and international unit expansion. However, the current earnings revision is moving in the wrong direction, consumer strain is visible in the comp trend, and competitive pressure\u00a0appears to be\u00a0intensifying. The principal variables to monitor are whether U.S. same-store sales reaccelerate after the recent promotional push, whether international comps stabilize outside of Domino\u2019s Pizza Enterprises-related weakness, and whether margin pressure from promotions and one-time charges eases in the next quarter.\u00a0<strong>2Q26 recommended trading range: $300\u00a0to $400. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Domino\u2019s Pizza,\u00a0Inc.\uff08DPZ<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>11.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f3.6%\uff0c\u4f4e\u4e8e\u9884\u671f1000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>4.13\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.14\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0b\u8c032026\u5e74\u540c\u5e97\u9500\u552e\u989d\u5c55\u671b\uff0c\u9884\u8ba1\u7f8e\u56fd\u53ca\u56fd\u9645\u540c\u5e97\u9500\u552e\u589e\u957f\u5747\u4ec5\u4e3a\u4f4e\u4e2a\u4f4d\u6570\uff0c\u4f4e\u4e8e\u6b64\u524d\u9884\u671f\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u6279\u51c6\u65b0\u4e00\u8f6e10\u4ebf\u7f8e\u5143\u80a1\u7968\u56de\u8d2d\u6388\u6743\uff1b\u7ba1\u7406\u5c42\u5728\u7535\u8bdd\u4f1a\u4e0a\u6307\u51fa\uff0c\u622a\u81f3\u5b63\u672b\u4ecd\u670912.9\u4ebf\u7f8e\u5143\u56de\u8d2d\u989d\u5ea6\u5269\u4f59\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u5f31\u4e8e\u9884\u671f\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f3.5%\u81f311.5\u4ebf\u7f8e\u5143\uff0c\u4f46\u8425\u6536\u4e0eEPS\u53cc\u53cc\u4e0d\u53ca\u5171\u8bc6\uff0c\u610f\u4e49\u91cd\u5927\u2014\u2014\u56e0\u8fbe\u7f8e\u4e50\u6b64\u524d\u88ab\u89c6\u4e3a\u76f8\u5bf9\u9632\u5fa1\u6027\u7684\u5feb\u9910\u80a1\u3002\u516c\u53f8\u4ec5\u5f55\u5f97\u7f8e\u56fd\u540c\u5e97\u9500\u552e\u589e\u957f0.9%\uff0c\u56fd\u9645\u540c\u5e97\u9500\u552e\uff08\u5254\u9664\u6c47\u7387\u5f71\u54cd\uff09\uff0c\u786e\u8ba4\u9700\u6c42\u5728\u5b63\u5ea6\u5185\u660e\u663e\u8d70\u8f6f\u3002\u6838\u5fc3\u95ee\u9898\u4f3c\u6e90\u4e8e\u5b8f\u89c2\u6d88\u8d39\u75b2\u8f6f\uff0c\u800c\u975e\u516c\u53f8\u8fd0\u8425\u5931\u8bef\uff1a\u7ba1\u7406\u5c42\u6307\u51fa\uff0c3\u6708\u6d88\u8d39\u8005\u4fe1\u5fc3\u8dcc\u81f3\u75ab\u60c5\u4ee5\u6765\u4f4e\u4f4d\uff0c\u53e0\u52a0\u98df\u54c1\u4e0e\u80fd\u6e90\u4ef7\u683c\u4e0a\u6da8\u3001\u52b3\u52a8\u529b\u5e02\u573a\u8f6c\u5f31\uff0c\u5171\u540c\u538b\u5236\u5ba2\u6d41\uff1b\u540c\u65f6\uff0c\u7ade\u4e89\u52a0\u5267\uff0c\u5bf9\u624b\u63a8\u51fa\u7c7b\u4f3c\u8fbe\u7f8e\u4e50\u4ef7\u503c\u5957\u9910\u7684\u6fc0\u8fdb\u4fc3\u9500\u3002\u95e8\u5e97\u6269\u5f20\u90e8\u5206\u62b5\u6d88\u4e86\u540c\u5e97\u538b\u529b\uff1a\u5168\u7403\u96f6\u552e\u9500\u552e\u989d\uff08\u5254\u9664FX\uff09\u589e\u957f3.4%\uff0c\u53d7\u76ca\u4e8e\u672c\u5b63\u51c0\u589e180\u5bb6\u95e8\u5e97\uff08\u5176\u4e2d\u56fd\u9645161\u5bb6\uff09\u3002\u516c\u53f8\u6b63\u66f4\u4f9d\u8d56\u5355\u4f4d\u6269\u5f20\uff08\u5c24\u5176\u5728\u4e2d\u56fd\u3001\u5370\u5ea6\u7b49\u5e02\u573a\uff09\u652f\u6491\u7cfb\u7edf\u603b\u9500\u552e\u989d\u589e\u957f\u3002\u76c8\u5229\u8d28\u91cf\u4ea6\u53d7\u4e00\u6b21\u6027\u9879\u76ee\u62d6\u7d2f\uff1aEPS\u90e8\u5206\u53d7\u4e00\u98793000\u4e07\u7f8e\u5143\u7a0e\u524d\u8d39\u7528\u5f71\u54cd\uff08\u6e90\u4e8e\u5bf9\u627f\u5305\u5546\u914d\u9001\u670d\u52a1DPC Dash\u7684\u6295\u8d44\uff09\uff0c\u867d\u975e\u4e1a\u7ee9\u7f3a\u53e3\u4e3b\u56e0\uff0c\u4f46\u8868\u660e\u5b9e\u9645\u7ecf\u8425\u8868\u73b0\u6bd4\u8868\u9762EPS\u66f4\u5f31\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u5927\u8dcc\u7ea610%\uff0c\u53cd\u6620\u6295\u8d44\u8005\u5bf9\u540c\u5e97\u9500\u552e\u4e0d\u53ca\u9884\u671f\u53ca\u5168\u5e74\u9500\u552e\u524d\u666f\u4e0b\u8c03\u7684\u5931\u671b\u3002\u5f53\u524d\u683c\u5c40\u8d8b\u4e8e\u8c28\u614e\uff1a\u8fbe\u7f8e\u4e50\u4ecd\u5177\u5907\u4ef7\u503c\u4fc3\u9500\u3001\u83dc\u5355\u521b\u65b0\u3001\u6570\u5b57\u5316\u5347\u7ea7\u53ca\u56fd\u9645\u62d3\u5e97\u7b49\u6709\u6548\u6760\u6746\uff0c\u4f46\u76c8\u5229\u4fee\u6b63\u65b9\u5411\u4e0d\u5229\u3001\u6d88\u8d39\u538b\u529b\u663e\u6027\u5316\u3001\u7ade\u4e89\u5f3a\u5ea6\u4e0a\u5347\u6784\u6210\u77ed\u671f\u9006\u98ce\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u7f8e\u56fd\u540c\u5e97\u9500\u552e\u80fd\u5426\u5728\u8fd1\u671f\u4fc3\u9500\u63a8\u52a8\u4e0b\u91cd\u65b0\u52a0\u901f\uff1b\uff082\uff09\u9664Domino\u2019s Pizza Enterprises\u76f8\u5173\u75b2\u8f6f\u5916\uff0c\u56fd\u9645\u540c\u5e97\u8d8b\u52bf\u80fd\u5426\u4f01\u7a33\uff1b\uff083\uff09\u4fc3\u9500\u4e0e\u4e00\u6b21\u6027\u8d39\u7528\u5e26\u6765\u7684\u5229\u6da6\u7387\u538b\u529b\u662f\u5426\u5728\u4e0b\u5b63\u5ea6\u7f13\u89e3\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a300\u7f8e\u5143\u81f3400\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Celestica Inc. (CLS)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$4.05B,\u00a0+52.8% YoY,\u00a0in-line with estimates.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$2.16,\u00a0beat estimates by\u00a0$0.08\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 outlook to revenue of $19.0B and adjusted EPS of $10.15.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Share Buybacks:\u00a0<\/strong>0.1M common shares for $20M in 1Q26.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was exceptionally strong. Revenue rose 53% YoY to $4.05B, adjusted operating margin expanded to 8.0% from 7.1%, and adjusted EPS of $2.16 came in above the high end of prior guidance. This was a high-quality beat driven by both top-line acceleration and margin expansion. The main growth engine\u00a0remains\u00a0Connectivity & Cloud Solutions. Celestica continues to\u00a0benefit\u00a0from hyperscale and AI infrastructure demand, particularly in high-speed networking, switches, and data-center\u00a0platforms. That\u00a0remains\u00a0the central investment case, and the quarter reinforces that AI-related demand is still converting into real revenue and earnings rather than only backlog optimism. The significance of the print lies in the raise as much as the beat. Management increased its FY26 outlook to $19.0B of revenue and $10.15 of adjusted EPS, both above prior expectations. This suggests confidence that current demand strength is not limited to one quarter and should continue through the rest of the year. The principal issue is expectations and valuation. Despite the strong results and raised guidance, the stock sold off after hours after entering the print at a record high and after\u00a0a very strong\u00a0April rally. That reaction\u00a0indicates\u00a0investors were positioned for an even stronger upside surprise or are becoming more sensitive to how much AI enthusiasm is already reflected in the multiple. Shares fell about 8.1% despite the beat-and-raise quarter, after closing at a record high and rising\u00a0nearly 50%\u00a0during April. Fundamentally, this was one of the stronger AI\u00a0infrastructure\u00a0prints this season. Revenue growth was\u00a0very strong, margins\u00a0expanded, and full-year guidance moved materially higher. The principal variables to monitor are whether\u00a0hyperscaler\u00a0and AI networking demand stays this strong into 2H26, whether margin expansion continues as scale increases, and whether valuation pressure caps near-term upside despite continued execution.\u00a0<strong>2Q26 recommended trading range: $330 to $500. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Celestica\u00a0Inc.\uff08CLS<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>40.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f52.8%\uff0c\u7b26\u5408\u5e02\u573a\u9884\u671f\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>2.16\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.08\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u5168\u5e74\u5c55\u671b\u81f3\u8425\u6536190\u4ebf\u7f8e\u5143\u3001\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca10.15\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u80a1\u7968\u56de\u8d2d\uff1a\u7b2c\u4e00\u5b63\u5ea6\u56de\u8d2d10\u4e07\u80a1\u666e\u901a\u80a1\uff0c\u8017\u8d442000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u6781\u4e3a\u5f3a\u52b2\u3002\u8425\u6536\u540c\u6bd4\u5927\u589e53%\u81f340.5\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u7387\u4ece7.1%\u6269\u5927\u81f38.0%\uff0c\u8c03\u6574\u540eEPS\u8fbe2.16\u7f8e\u5143\uff0c\u8d85\u51fa\u6b64\u524d\u6307\u5f15\u4e0a\u9650\uff0c\u662f\u4e00\u6b21\u517c\u5177\u9876\u5c42\u52a0\u901f\u4e0e\u5229\u6da6\u7387\u6269\u5f20\u7684\u9ad8\u8d28\u91cf\u8d85\u9884\u671f\u3002\u6838\u5fc3\u589e\u957f\u5f15\u64ce\u4ecd\u662f\u8fde\u63a5\u4e0e\u4e91\u89e3\u51b3\u65b9\u6848\uff08Connectivity & Cloud Solutions\uff09\u2014\u2014\u516c\u53f8\u6301\u7eed\u53d7\u76ca\u4e8e\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u53caAI\u57fa\u7840\u8bbe\u65bd\u9700\u6c42\uff0c\u5c24\u5176\u5728\u9ad8\u901f\u7f51\u7edc\u8bbe\u5907\u3001\u4ea4\u6362\u673a\u548c\u6570\u636e\u4e2d\u5fc3\u5e73\u53f0\u9886\u57df\u3002\u8fd9\u518d\u6b21\u9a8c\u8bc1\u5176\u6295\u8d44\u903b\u8f91\uff1aAI\u76f8\u5173\u9700\u6c42\u6b63\u8f6c\u5316\u4e3a\u771f\u5b9e\u8425\u6536\u4e0e\u76c8\u5229\uff0c\u800c\u975e\u4ec5\u505c\u7559\u5728\u8ba2\u5355\u79ef\u538b\u5c42\u9762\u3002\u672c\u6b21\u8d22\u62a5\u610f\u4e49\u4e0d\u4ec5\u5728\u4e8e\u8d85\u9884\u671f\uff0c\u66f4\u5728\u4e8e\u5927\u5e45\u4e0a\u8c03\u5168\u5e74\u6307\u5f15\uff0c\u663e\u793a\u7ba1\u7406\u5c42\u5bf9\u5f53\u524d\u9700\u6c42\u52a8\u80fd\u53ef\u6301\u7eed\u6027\u5145\u6ee1\u4fe1\u5fc3\uff0c\u8ba4\u4e3a\u5f3a\u52b2\u8868\u73b0\u5c06\u8d2f\u7a7f2026\u5168\u5e74\u3002\u7136\u800c\uff0c\u5c3d\u7ba1\u57fa\u672c\u9762\u51fa\u8272\uff0c\u80a1\u4ef7\u5728\u76d8\u540e\u4e0b\u8dcc\u7ea68.1%\uff08\u6b64\u524d4\u6708\u5df2\u5927\u6da8\u8fd150%\u5e76\u521b\u5386\u53f2\u65b0\u9ad8\uff09\uff0c\u53cd\u6620\u6295\u8d44\u8005\u6216\u5df2\u63d0\u524d\u5145\u5206\u5b9a\u4ef7\u4e50\u89c2\u9884\u671f\uff0c\u5bf9\u201c\u60ca\u559c\u5e45\u5ea6\u4e0d\u8db3\u201d\u654f\u611f\uff0c\u6216\u5f00\u59cb\u62c5\u5fe7AI\u70ed\u60c5\u662f\u5426\u5df2\u5728\u4f30\u503c\u4e2d\u8fc7\u5ea6\u53cd\u6620\u3002\u6574\u4f53\u800c\u8a00\uff0c\u8fd9\u662f\u672c\u5b63AI\u57fa\u7840\u8bbe\u65bd\u677f\u5757\u4e2d\u6700\u5f3a\u52b2\u7684\u8d22\u62a5\u4e4b\u4e00\uff1a\u9ad8\u589e\u957f\u3001\u6269 margin\u3001\u663e\u8457\u4e0a\u8c03\u6307\u5f15\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u4e0eAI\u7f51\u7edc\u9700\u6c42\u80fd\u5426\u57282026\u5e74\u4e0b\u534a\u5e74\u7ef4\u6301\u9ad8\u4f4d\uff1b\uff082\uff09\u89c4\u6a21\u6548\u5e94\u4e0b\u5229\u6da6\u7387\u80fd\u5426\u7ee7\u7eed\u63d0\u5347\uff1b\uff083\uff09\u5373\u4fbf\u6267\u884c\u6301\u7eed\u4f18\u5f02\uff0c\u4f30\u503c\u538b\u529b\u662f\u5426\u4f1a\u9650\u5236\u77ed\u671f\u4e0a\u884c\u7a7a\u95f4\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a330\u7f8e\u5143\u81f3500\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cadence Design Systems, Inc. (CDNS)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$1.47B,\u00a0+18.5% YoY,\u00a0beat\u00a0estimates by $10M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.96,\u00a0beat estimates by\u00a0$0.07\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 revenue guidance to $6.125B to $6.225B from $5.9B to $6.0B previously. FY26 non-GAAP EPS guidance was lowered to $7.85 to $7.95 from $8.05 to $8.15,\u00a0largely due to\u00a0the Hexagon design and engineering acquisition.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Share Buybacks:\u00a0<\/strong>Cadence expects to use approximately $200M for share repurchases in 2Q26.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was fundamentally strong. Cadence exceeded both revenue and EPS guidance, and management highlighted a record backlog of about $8.0B. That is an important signal because it suggests demand visibility\u00a0remains\u00a0strong despite an already elevated AI semiconductor spending environment. The main driver\u00a0remains\u00a0sustained demand for advanced chip-design tools.\u00a0Large customers such as Google, Amazon, Nvidia, and Apple continue investing aggressively in more complex AI systems-on-chip and accelerators, which is supporting demand for Cadence\u2019s electronic design automation tools. This\u00a0remains\u00a0the core investment case. Cadence is\u00a0leveraged\u00a0to the increasing complexity of AI chips rather than only to unit growth in semiconductors. There is also a broader platform story\u00a0emerging. Management and coverage pointed to strong adoption of AI-oriented products and a growing role for simulation and system design capabilities, helped by the Hexagon transaction and partnerships such as the Nvidia collaboration around AI and physics simulation. Strategically, this broadens Cadence beyond core EDA and may support a higher long-term revenue base. The main complication is earnings quality versus guidance optics. While revenue guidance was raised meaningfully, full-year EPS guidance moved lower because the Hexagon acquisition is expected to weigh on margins. In other words, the company is choosing to lean into strategic expansion even though that creates a near-term dilution effect on profitability. That makes the quarter strong operationally, but\u00a0somewhat less\u00a0clean from a pure earnings progression standpoint. The immediate read-through is constructive. Cadence delivered a clean beat, raised revenue guidance, and reinforced that the AI chip-design cycle\u00a0remains\u00a0very healthy. The principal variables to monitor are backlog conversion, the pace of integration and margin dilution from the Hexagon acquisition, and whether large\u00a0hyperscaler\u00a0and AI customer spending\u00a0remains\u00a0strong into 2H26. At the same time, the stock had already been trading with strong momentum into the print, and the lower EPS guidance limits the case for a more aggressive near-term stance.\u00a0<strong>2Q26 recommended trading range: $280\u00a0to $430. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cadence Design Systems,\u00a0Inc.\uff08CDNS<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>14.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f18.5%\uff0c\u8d85\u51fa\u9884\u671f1000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.96\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul 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class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u57fa\u672c\u9762\u5f3a\u52b2\u3002\u516c\u53f8\u8425\u6536\u4e0eEPS\u5747\u8d85\u8d8a\u81ea\u8eab\u6307\u5f15\uff0c\u7ba1\u7406\u5c42\u6307\u51fa\u79ef\u538b\u8ba2\u5355\uff08backlog\uff09\u8fbe\u521b\u7eaa\u5f55\u768480\u4ebf\u7f8e\u5143\uff0c\u8868\u660e\u5728AI\u534a\u5bfc\u4f53\u652f\u51fa\u5df2\u5904\u9ad8\u4f4d\u7684\u80cc\u666f\u4e0b\uff0c\u9700\u6c42\u80fd\u89c1\u5ea6\u4f9d\u7136\u575a\u5b9e\u3002\u6838\u5fc3\u9a71\u52a8\u529b\u6765\u81ea\u5148\u8fdb\u82af\u7247\u8bbe\u8ba1\u5de5\u5177\u7684\u6301\u7eed\u5f3a\u52b2\u9700\u6c42\uff1a\u8c37\u6b4c\u3001\u4e9a\u9a6c\u900a\u3001\u82f1\u4f1f\u8fbe\u3001\u82f9\u679c\u7b49\u5927\u5ba2\u6237\u6b63\u52a0\u901f\u6295\u8d44\u66f4\u590d\u6742\u7684AI 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class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-27ad8851\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png\" alt=\"\" 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role=\"img\"\/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Teledyne Technologies Incorporated\u00a0(TDY\u00a0US) Plug Power, Inc.\u00a0(PLUG\u00a0US)\u00a0 ^ Back To Top Totm\u00a0Technologies Ltd (TOTM\u00a0SP)\u00a0 Genting Singapore Ltd (GENS\u00a0SP)\u00a0 ^ Back To Top Lenovo Group Ltd\u00a0(992\u00a0HK) \u00a0 Plover Bay Technologies Ltd (1523\u00a0HK)\u00a0 ^ Back To Top Verizon Communications Inc. (VZ)\u00a0 Verizon Communications\u00a0Inc.\uff08VZ)\u00a0 Domino\u2019s Pizza, Inc. (DPZ)\u00a0 Domino\u2019s Pizza,\u00a0Inc.\uff08DPZ)\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-89538","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings Teledyne Technologies Incorporated\u00a0(TDY\u00a0US) Plug Power, Inc.\u00a0(PLUG\u00a0US)\u00a0 ^ Back To Top Totm\u00a0Technologies Ltd (TOTM\u00a0SP)\u00a0 Genting Singapore Ltd (GENS\u00a0SP)\u00a0 ^ Back To Top Lenovo Group Ltd\u00a0(992\u00a0HK) \u00a0 Plover Bay Technologies Ltd (1523\u00a0HK)\u00a0 ^ Back To Top Verizon Communications Inc. (VZ)\u00a0 Verizon Communications\u00a0Inc.\uff08VZ)\u00a0 Domino\u2019s Pizza, Inc. (DPZ)\u00a0 Domino\u2019s Pizza,\u00a0Inc.\uff08DPZ)\u00a0&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/89538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=89538"}],"version-history":[{"count":0,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/89538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=89538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=89538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=89538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}