Latest news with #StephenDaly
Daily Mail
31-07-2025
- Entertainment
- Daily Mail
Revealed: The heartwarming origins behind Baby Guinness shots - and it wasn't created to fuel wild nights out!
The coffee liqueur and Irish cream shot has become a must-have on birthdays, bar crawls, and bottomless brunches alike- but its origins are heartwarming. According to Jonathan Sitson, founder of cream chargers supplier Quick Whip, Baby Guinness wasn't invented by accident, and has a real purpose many Brits won't realise. The party favourite shot, which resembles a miniature pint of Guinness, wasn't created to fuel wild nights or bottomless binges- its beginnings are surprisingly wholesome. 'It looks cheeky and fun, but it began as a very low-key toast to new life,' revealed Jonathan. 'It was originally served to new and expectant fathers at a pub near one of Dublin's maternity hospitals. It was the perfect way to toast a new arrival alongside a full-sized pint of the stout.' The shot is believed to date back to the late 1980s in a now-closed Dublin pub called The Waxies' Dargle, located near the Rotunda Hospital. As local legend goes, publican Stephen Daly created a signature drink for new fathers, a shot of dark coffee liqueur, topped with a float of Irish cream, made to resemble a celebratory pint of Guinness in miniature. Though the drink contains no stout, he dubbed it the 'Baby Guinness' in a quiet, affectionate nod to the occasion. Word spread among hospital staff, who began recommending it to new or expectant fathers as a lighthearted way to mark the moment. And just like that, a tiny ritual was born. Despite its name, it's not made with any beer at all. The drink is all about visual trickery, and the key is in the layering. 'The trick is to chill your liqueurs in advance and pour the cream very slowly, a curved bar spoon makes all the difference', Jonathan added. In Ireland, it became tradition for fathers to 'wet the baby's head' after the birth of their child. Despite the name, no baby is actually involved in getting wet. Instead, it's a social ritual where the father, and often close friends and family, head to the pub to raise a glass in honour of the newborn. The phrase 'wetting the baby's head' is believed to date back centuries, and while its precise origin is hard to pin down, it likely has roots in baptismal customs, where a baby's head is literally 'wetted' during a christening. Over time, though, the meaning shifted from a religious ceremony to a more informal, celebratory first drink in honour of the baby's arrival. It's within this spirit that drinks like the Baby Guinness are said to have found their way into the tradition. It comes after Guinness expert Jonathan revealed the correct way to 'split the G' in its signature pint glass. The popular party trick challenges drinkers to swig enough beer so that the bottom of the Guinness' foam aligns with the bottom of the 'G' in the glass' logo - and they have to do it in a single sip. The beloved party trick challenge involves drinking the stout until you think the line of liquid has reached the correct spot. In one gulp, without pausing to look, you then stop and then look to find out if you drink lines up with the target - but what does that really mean? For years, many thought the goal was to get the division between the beer and foam halfway through the 'G' on the Guinness logo. Elsewhere, others thought it had to stop at the bottom of the harp on the glass. Jonathan, whipped cream expert at Quick Whip, has shared written confirmation from Guinness owners, Diageo on the right answer. 'The only correct way to Split the G would be when your first uninterrupted sip lines up with the line on the G and E,' the company confirmed. This information will no doubt surprise the many people across the UK and Ireland who have spent years trying to reach the bottom of the harp, and the top of the logo mark. Jonathan went on to reveal a step-by-step guide on how to master the perfect G split. He explained: 'Start with a properly chilled pint in a clean, tilted glass, then take a deliberate, uninterrupted gulp, aiming to precisely align the foam's edge with the horizontal line of the G and the E. 'Maintain a steady pace to achieve a clean and even split. Practice makes perfect, so if you fail, don't worry. It's just an excuse to get yourself another lovely creamy pint and try again! But always make sure you drink responsibly, or try a Guinness 0.0.' While this is a trend that started in the pubs of Ireland many years ago, it has recently exploded on social media, where platforms like TikTok and Instagram have amplified the challenge. Experts first noticed the trend in 2017, and it then spread from London and Ireland to the US. Guinness drinkers who have participated in the trends have taken pictures or videos for social media to prove they completed the task. Niall Horan and Ed Sheeran also attempted to 'split the G' in August 2024, and while the 'Shape of You' singer was able to do it, the Irish former One Direction member could not. American actor John Cena later admitted he was 'ignorant' when it came to his attempt at 'splitting the G' this year. Cena claimed it was 'heavy' and 'tough to drink' but insisted a Guinness beer was his 'drink of choice' during an August 2024 interview. Other celebrities who showed their love for Guinness include Olivia Rodrigo and Kim Kardashian during a trip to Dublin last year. Every year, people across the world drink more than 13 million pints of Guinness on average. Guinness was created after Arthur Guinness signed a 9,000-year lease on a brewery in Ireland in 1759.
Yahoo
30-06-2025
- Business
- Yahoo
The Top 5 Analyst Questions From MACOM's Q1 Earnings Call
MACOM's first quarter saw a positive market response, fueled by robust revenue growth across all core markets, especially data center and telecom. Management credited strong demand for high-speed connectivity solutions and ongoing momentum in defense electronics as key contributors to the quarter's performance. CEO Stephen Daly emphasized that new products and technology upgrades, particularly in optical and radio frequency components, helped the company gain market share. He noted, 'Our growth is driven by our new products gaining market share, as well as positive secular trends in certain segments of our three major end markets.' Is now the time to buy MTSI? Find out in our full research report (it's free). Revenue: $235.9 million vs analyst estimates of $230 million (30.2% year-on-year growth, 2.6% beat) Adjusted EPS: $0.85 vs analyst estimates of $0.84 (in line) Adjusted EBITDA: $66.61 million vs analyst estimates of $67.8 million (28.2% margin, 1.8% miss) Revenue Guidance for Q2 CY2025 is $250 million at the midpoint, above analyst estimates of $236.6 million Adjusted EPS guidance for Q2 CY2025 is $0.89 at the midpoint, above analyst estimates of $0.87 Operating Margin: 14.8%, up from 8.5% in the same quarter last year Inventory Days Outstanding: 181, up from 179 in the previous quarter Market Capitalization: $10.57 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Tore Svanberg (Stifel): Asked if data center growth rates are sustainable and about volatility in that segment. CEO Stephen Daly explained that long-term growth drivers remain, but high volatility is expected, and growth rates may moderate over time. David Williams (Benchmark Company): Questioned the magnitude and development pace of the SATCOM business. Daly said the opportunity is attractive and the company is investing in new products like Opto-Amp to capture market share, but declined to size the market precisely. Karl Ackerman (BNP Paribas): Sought clarity on timing for a large SATCOM contract and potential for expansion. Daly indicated the program is progressing as planned, with revenue ramp expected toward year-end, but would not comment on follow-on opportunities. William Stein (Truist Securities): Inquired whether recent telecom growth was due to end-market demand or inventory normalization. Daly attributed improvements to both market share gains and recovery in supply chain inventory, especially in cable infrastructure and metro long-haul. Srini Pajjuri (Raymond James): Asked about inventory and customer demand in data center. Daly reported no signs of inventory build-up, with customers expediting orders across platforms, but emphasized the company's practice of only providing guidance one quarter ahead due to inherent market volatility. In the coming quarters, the StockStory team will monitor (1) the ramp-up of newly launched optical and photonic products, (2) progress on the Wolfspeed RF fab transfer and its impact on margins, and (3) sustained growth in industrial and defense, particularly in European markets. Continued momentum in design wins and operational execution will also be key signposts for long-term growth. MACOM currently trades at $142.05, up from $113.45 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
MTSI Q2 Earnings Call: Broad-Based Growth and Product Innovation Drive Revenue Outlook
Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 30.2% year on year to $235.9 million. On top of that, next quarter's revenue guidance ($250 million at the midpoint) was surprisingly good and 5.7% above what analysts were expecting. Its non-GAAP profit of $0.85 per share was in line with analysts' consensus estimates. Is now the time to buy MTSI? Find out in our full research report (it's free). Revenue: $235.9 million vs analyst estimates of $230 million (30.2% year-on-year growth, 2.6% beat) Adjusted EPS: $0.85 vs analyst estimates of $0.84 (in line) Revenue Guidance for Q2 CY2025 is $250 million at the midpoint, above analyst estimates of $236.6 million Adjusted EPS guidance for Q2 CY2025 is $0.89 at the midpoint, above analyst estimates of $0.87 Operating Margin: 14.8%, up from 8.5% in the same quarter last year Inventory Days Outstanding: 181, up from 179 in the previous quarter Market Capitalization: $9.3 billion MACOM's second quarter results were shaped by expansion in its three core end markets: Industrial & Defense, Data Center, and Telecom. Management attributed much of the year-over-year growth to increased demand for higher-frequency and higher-power solutions, particularly in defense radar, satellite communication, and data center upgrades. CEO Stephen Daly highlighted that, 'Our I&D and Data Center quarterly revenues achieved record levels,' and pointed to the company's ability to win new design opportunities as a key factor. The ramp of new products, including 200G photodetectors and high-power optical amplifiers, contributed meaningfully to these outcomes, while telecom saw a rebound as inventory levels normalized and new platform deployments advanced. Looking ahead, MACOM's management expects continued sequential revenue growth across all end markets, with Industrial & Defense projected to lead. Daly noted, 'We anticipate that Industrial & Defense will lead with approximately 10% sequential growth followed by Data Center at 5% sequential growth and telecom slightly up sequentially.' The company's outlook is supported by a record backlog and ongoing customer demand for data center upgrades and next-generation satellite systems. However, leadership remains cautious about forecasting beyond the upcoming quarter, emphasizing market volatility in the data center segment and the importance of ongoing innovation and execution. The upcoming transfer of the Wolfspeed RF fab is also positioned as a potential driver for future margin improvements, though some uncertainty remains around the pace of gross margin recovery. Management attributed strong quarterly growth to market share gains from new products, robust defense and data center demand, and improved order trends in telecom. Product innovation and strategic investments in R&D were highlighted as central to these results. Defense and radar demand: The Industrial & Defense segment benefited from ongoing upgrades in U.S. and international defense systems, including radar, electronic warfare, and communications. MACOM's expertise in high-frequency, high-power semiconductors positioned it well for new program wins and increased market share. Data center technology upgrades: The Data Center business saw sustained expansion, driven by adoption of higher-speed data rates (such as 100G per lane and 800G platforms) and the ratification of linear pluggable optics (LPO) standards. Management noted early customer adoption and highlighted the introduction of 200G photodetectors as key contributors. Telecom rebound aided by SATCOM: Improved telecom results were linked to recovering demand in 5G infrastructure, broadband access, and satellite communications (SATCOM). Management cited new design wins in both ground and space-based satellite systems, and significant progress on a large multi-phase SATCOM contract. Product and process innovation: MACOM launched the Opto-Amp optical amplifier for satellite links and continued developing advanced RF and photonics processes, such as the next-generation GaN on Silicon Carbide. Ongoing investment in proprietary semiconductor technologies and collaborations with research labs were emphasized as core to the company's competitive strategy. Wolfspeed RF fab integration: The transition of the Wolfspeed RF business and associated fabrication facility is ahead of schedule. Management expects this to enhance capacity and support growth, though achieving gross margin targets will depend on further improvements in yields and throughput after the transfer. MACOM's outlook centers on continued demand for defense and data center solutions, ongoing product innovation, and operational execution as the Wolfspeed fab integration progresses. Industrial & Defense momentum: Management anticipates double-digit sequential growth in Industrial & Defense, underpinned by expanding European defense exposure and new radar program wins. The company's recent acquisition of a European wafer fab is enabling deeper customer relationships and technology transfers, broadening its opportunity set in this segment. Data center volatility and opportunity: While expecting near-term growth in data center demand, management flagged volatility as a risk, citing rapid ramps and declines across platforms and customers. The company is focused on maintaining a broad product portfolio and is closely monitoring adoption of new standards like LPO to capture emerging opportunities. Wolfspeed fab transition impact: The ongoing Wolfspeed RF fab integration is expected to support higher capacity and long-term margin improvement. Management noted that achieving targeted gross margins will require further operational improvements post-transfer, with the financial benefits expected to materialize over several quarters. In the coming quarters, the StockStory team will be monitoring (1) the execution of the Wolfspeed RF fab transfer and its impact on gross margins, (2) momentum in Industrial & Defense as new radar and European defense contracts progress, and (3) continued adoption of MACOM's data center solutions amid ongoing market volatility. Progress on new product ramps and visibility into major customer wins will also serve as key signposts for the company's trajectory. MACOM currently trades at a forward P/E ratio of 33.3×. Should you double down or take your chips? The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-04-2025
- Business
- Yahoo
MACOM Technology Solutions Holdings Inc (MTSI) Q1 2025 Earnings Call Highlights: Record Revenue ...
Revenue: $218 million for Q1 fiscal 2025. Adjusted EPS: $0.79 per diluted share. Free Cash Flow: Approximately $63 million for Q1. Cash and Short-term Investments: Approximately $657 million at quarter end. Revenue by End Market: Industrial and defense: $97.4 million; Data Center: $65.3 million; Telecom: $55.4 million. Sequential Revenue Growth: Data Center up 16%, Telecom up 7%, Industrial and Defense up 5%. Book-to-Bill Ratio: 1.1:1 for Q1. Adjusted Gross Profit: $125.3 million or 57.5% of revenue. Adjusted Operating Expense: $69.9 million. Adjusted Operating Income: $55.4 million. Adjusted Net Income: $59.5 million. Accounts Receivable: $91.8 million, down from $105.7 million in Q4 2024. Inventory: $198.4 million at quarter end. Cash Flow from Operations: Approximately $66.7 million for Q1. Capital Expenditures: $5.3 million for Q1. Warning! GuruFocus has detected 3 Warning Sign with MTSI. Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) reported a record high revenue of $218 million for the first fiscal quarter of 2025, with an adjusted EPS of $0.79 per diluted share. The company achieved a strong free cash flow of approximately $63 million in Q1, contributing to a cash and short-term investments balance of $657 million. The data center market segment showed significant growth, with revenues up 16% sequentially, driven by strong demand for 800 gig optical products. MACOM's book-to-bill ratio was 1.1:1, indicating strong order activity and a record-level backlog. The company is strategically positioned to capture market share in its targeted end markets, with plans to introduce new product lines and technologies in 2025. Gross margins for the first quarter were below targets at 57.5%, impacted by lower wafer volumes and underabsorbed costs in the Lowell fab. The telecom market segment experienced some weakness, affecting overall utilization and contributing to lower gross margins. Despite strong growth in the data center segment, there is a potential slowdown in 800 gig demand as customers transition to 1.6T, which could impact future growth rates. The company faces challenges in maintaining high utilization rates in its Lowell fab, which is crucial for improving gross margins. There is uncertainty regarding the impact of government funding and CHIPS Act initiatives on MACOM's long-term investment plans and financial performance. Q: Can you update us on the progress with ACC in the data center market and the potential inflection point in mid-2025? Also, what are your thoughts on LPO and its opportunities compared to ACC? A: Stephen Daly, CEO: The data center market is performing well, with significant growth driven by our optical portfolio, particularly the 800 gig products. We anticipate a slowdown in 800 gig as customers transition to 1.6T. ACC remains a game changer, with interest from a broad customer base, despite some architecture changes. LPO, a solution without DSP, is also gaining interest, especially at higher data rates like 800 gig and 1.6T, and is expected to contribute in late 2025 and 2026. Q: Could you provide more color on the DoD satellite programs and the revenue opportunity in the satellite communication space over the next few years? A: Stephen Daly, CEO: We see strong demand from both established and new satellite manufacturers, driven by global broadband services and DoD needs. Opportunities exist in high-frequency bands like E-band, V-band, and Ku-band, where MACOM can provide leading RF and microwave solutions. Our involvement spans analog mixed-signal devices, optical solutions, and linearized SSPAs, with significant growth potential in both commercial and defense sectors. Q: How do you view the spending expectations in the data center market over the next few years, given industry changes? A: Stephen Daly, CEO: We remain bullish on data center expansion and capital spending. We support customers with high data rate products and plan to provide more optical solutions. Our strong 200 gig per lane PD and CW laser products will add revenue in 2025 and 2026. We also see opportunities in PCIe 6 and PCIe 7 connectivity, where we offer both electrical and optical solutions. Q: Can you discuss the impact of the Lowell fab modernization and North Carolina fab expansion on your operations and gross margins? A: Stephen Daly, CEO: The Lowell fab modernization will improve infrastructure, replace antiquated equipment, and add a small six-inch GaN on silicon carbide line, enhancing yields and capacity. The North Carolina expansion will address capacity issues by installing a six-inch line and an MOCVD reactor for advanced epi. These long-term investments, supported by the CHIPS program, will strengthen MACOM's market position without immediate P&L impact. Q: What are your expectations for the data center business in fiscal 2025, particularly regarding the transition from 800 gig to 1.6T and the role of LPO? A: Stephen Daly, CEO: We expect strong growth in the data center market, driven by the transition to 1.6T and continued contributions from LPO and ACC. While 800 gig has been a significant revenue driver, we anticipate a shift to 1.6T in the back half of the year. LPO solutions will also contribute, with interest primarily at higher data rates. Overall, we foresee a record year for MACOM in this segment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
