Research

T-Mobile 1Q25 Results Review & Model Update: Adds in-line; EBITDA strong

T-Mobile: Quick thoughts following the 1Q25 call

GOOGL: All engines firing, but some risk to 2Q Search consensus

Expert Call Recap (GOOGL, AMZN, META): AI search monetization, and how the market expands

Comcast Post-1Q25 Model Update

CMCSA: Quick thoughts following the call 1Q25

MasOrange Q1 25: Continued synergy delivery; FibreCo on track

KPN Q1 25: Better growth and beat vs consensus – results and call summary

Hynix 1Q25 – sneak peak into the upcoming HBM run

LAM 2FQ25: beat driven by NAND upgrades & GAA. We are cautious. Neutral, $75 Target Price.

The Auto and Industrial Semi Recovery is on

Tariffs & Semicap equipment: the baseline & what’s next.

CMCSA 1Q25 Quick Take: Broadband adds disappointing; EBITDA beat

Telia Q1 25: Impressive EBITDA acceleration, but full year guidance only reiterated

In Good News for CMSCA, DIS (and Robocallers and Pirate Radio, Among Others), Court Upholds Commissioner Carr’s Views on Enforcement

Orange Q1 25: Solid numbers, guidance reiterated

Besi 1Q25: further push-out in mainstream; hybrid bonding adoption on track. Long-term thesis intact.

Nokia 1Q25 QT: Recovery slowing; limited tariff impact; guide unchanged.

Tencent: New VA Opportunities? New Ecommerce Initiatives Adding to an Already Burgeoning Ad Business

AT&T: Model Update (1Q25)