The Latest Breaking News from Supply chain

Li Auto Inc (NASDAQ:LI) reported first-quarter FY22 revenue growth of 167.5% year-on-year to RMB9.56 billion ($1.51 billion), beating the consensus of $1.44 billion. Non-GAAP earnings per ADS attributable to ordinary shareholders were RMB0.47 or $0.07, above the consensus of $(0.10). Deliveries of Li ONEs jumped 152.1% Y/Y to 31,716 vehicles. Vehicle margin rose 550…

Sony has been forced to slash its sales target for Playstation 5 consoles this year due to part shortages and supply chain woes.

Amid a deepening supply chain crisis owing to the war between Russia and Ukraine, reinstated lockdown measures in China, and heightened inflationary pressures, the industrial sector is expected to remain under immense pressure in the coming months. Given their bleak growth prospects, we think one should consider avoiding fundamentally weak…

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

Johnson Outdoors Inc (NASDAQ:JOUT) reported a second-quarter FY22 sales decline of 8% year-on-year to $189.62 million, missing the consensus of $202.32 million. EPS of $0.97 missed the analyst consensus of $1.85. The gross margin contracted 903 basis points Y/Y to 36.2%, primarily due to increased materials and inbound freight costs driven by supply…

With continuing production and supply chain hurdles, the copper shortage has become worldwide. However, demand for copper across several industries continues to be strong. Thus, amid surging copper price estimates, we think it could be wise to bet on the stocks of quality copper companies Southern Copper (SCCO) and Freeport-McMoRan…

Despite having an extraordinary track record on Wall Street, 2022 has been a testing year for FAANG stocks. Having taken a battering from tech stock sell-offs in the wake of record-breaking inflation and supply chain issues arising from the Covid-19 pandemic, leading growth stocks have struggled to recapture the form…

Energizer Holdings Inc (NYSE:ENR) reported second-quarter FY22 sales of $685.4 million, beating the consensus of $655.38 million. The gross margin for the quarter contracted 470 basis points to 34.8%. Selling, general and administrative expenses were nearly flat at $123.4 million. The company held $213.2 million in cash and equivalents as of March 31,…

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…

Northrop Grumman Corporation (NYSE: NOC) CEO Kathy Warden gave both good and bad news: the aerospace company anticipates increased demand for its weapons systems, but supply chain issues may hinder efforts to increase output,