# Electronic Components — company-by-company sector analysis > Electronic Components: Jabil Inc. owns the largest revenue base; LightPath Technologies, Inc. has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice. ## Bottom line Electronic Components has outperformed S&P 500 by 70.8% over 52 weeks and 3.1% over 13 weeks. 21 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 12 of 30 beat the sector itself. Jabil Inc. leads with revenue of $33,590 million, based on 24 of 30 comparable companies through Jun 2026. ### Is the Electronic Components sector outperforming S&P 500? Electronic Components has outperformed S&P 500 by 70.8% over 52 weeks and 3.1% over 13 weeks. 21 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 12 of 30 beat the sector itself. ### Which Electronic Components company is largest by revenue? Jabil Inc. leads with revenue of $33,590 million, based on 24 of 30 comparable companies through Jun 2026. ### Which Electronic Components company is growing fastest? LightPath Technologies, Inc. has the fastest current revenue growth at 87.9%, across 24 of 30 comparable companies. ### Which Electronic Components company has the strongest 4-Factor Sector Score? Celestica Inc. ranks first at 65.4/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Electronic Components company reports the most CAPEX? Corning Incorporated reports the largest latest CAPEX at $332 million, with 30 of 30 companies comparable. ### Which Electronic Components company has the least gross debt? M-tron Industries, Inc. has the lowest comparable gross debt at $0 million. Amphenol Corporation has the highest at $18,749 million. ### Which Electronic Components company has the lowest comparable PEG? Celestica Inc. has the lowest comparable Guarded PEG at 0.62, among 16 of 30 companies that pass the metric’s comparability rules. ### How much history does this Electronic Components comparison include? The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ## Sector relative strength Electronic Components has outperformed S&P 500 by 70.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.1%. 21 of 30 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Methode Electronics, Inc. is the strongest against the sector itself at +34%. 13-week sector return versus NIFTY 500: -3.1% 52-week sector return versus NIFTY 500: 71% Stocks leading NIFTY: 21/30 Stocks leading sector: 12/30 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 30 Combined market value: ₹5.6 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Celestica Inc. (CLS): 65/100 — Favorable setup; evidence 82% - Growth & earnings 28.2/35 | Capital efficiency 15.2/25 | Valuation 15.2/20 | Relative strength 6.8/20 - Exact sum: 28.2 + 15.2 + 15.2 + 6.8 = 65.4 - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.6% and the one-year return is 79.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. 2. CTS Corporation (CTS): 65/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 19.4/35 | Capital efficiency 14.3/25 | Valuation 15.2/20 | Relative strength 15.6/20 - Exact sum: 19.4 + 14.3 + 15.2 + 15.6 = 64.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 3. Amphenol Corporation (APH): 60/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 24.5/35 | Capital efficiency 13.7/25 | Valuation 14.7/20 | Relative strength 7.2/20 - Exact sum: 24.5 + 13.7 + 14.7 + 7.2 = 60.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Ralliant Corporation (RAL): 59/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 19.9/35 | Capital efficiency 12.3/25 | Valuation 11.2/20 | Relative strength 15.1/20 - Exact sum: 19.9 + 12.3 + 11.2 + 15.1 = 58.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 5. Knowles Corporation (KN): 58/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 20.7/35 | Capital efficiency 11.2/25 | Valuation 9.3/20 | Relative strength 16.7/20 - Exact sum: 20.7 + 11.2 + 9.3 + 16.7 = 57.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 6. Methode Electronics, Inc. (MEI): 58/100 — Mixed-positive evidence; evidence 68% - Growth & earnings 19.4/35 | Capital efficiency 7.3/25 | Valuation 11.1/20 | Relative strength 20.0/20 - Exact sum: 19.4 + 7.3 + 11.1 + 20 = 57.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 7. M-tron Industries, Inc. (MPTI): 57/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 14.0/35 | Capital efficiency 16.6/25 | Valuation 13.6/20 | Relative strength 12.8/20 - Exact sum: 14 + 16.6 + 13.6 + 12.8 = 57 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 8. Jabil Inc. (JBL): 56/100 — Mixed-positive evidence; evidence 86% - Growth & earnings 22.9/35 | Capital efficiency 11.2/25 | Valuation 13.8/20 | Relative strength 7.8/20 - Exact sum: 22.9 + 11.2 + 13.8 + 7.8 = 55.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 9. Allient Inc. (ALNT): 55/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 19.1/35 | Capital efficiency 10.0/25 | Valuation 10.9/20 | Relative strength 15.2/20 - Exact sum: 19.1 + 10 + 10.9 + 15.2 = 55.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 10. Ouster, Inc. (OUST): 55/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 25.0/35 | Capital efficiency 7.5/25 | Valuation 10.0/20 | Relative strength 12.3/20 - Exact sum: 25 + 7.5 + 10 + 12.3 = 54.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 11. Plexus Corp. (PLXS): 54/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 16.4/35 | Capital efficiency 13.4/25 | Valuation 10.3/20 | Relative strength 14.1/20 - Exact sum: 16.4 + 13.4 + 10.3 + 14.1 = 54.2 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 12. Richardson Electronics, Ltd. (RELL): 54/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 16.5/35 | Capital efficiency 10.9/25 | Valuation 9.9/20 | Relative strength 16.7/20 - Exact sum: 16.5 + 10.9 + 9.9 + 16.7 = 54 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 13. Vicor Corporation (VICR): 54/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 16.8/35 | Capital efficiency 16.1/25 | Valuation 8.7/20 | Relative strength 12.1/20 - Exact sum: 16.8 + 16.1 + 8.7 + 12.1 = 53.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 14. Daktronics, Inc. (DAKT): 52/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 23.5/35 | Capital efficiency 13.1/25 | Valuation 10.9/20 | Relative strength 4.1/20 - Exact sum: 23.5 + 13.1 + 10.9 + 4.1 = 51.6 - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -25.9% and the one-year return is 23%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. 15. Flex Ltd. (FLEX): 51/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 14.7/35 | Capital efficiency 11.2/25 | Valuation 6.7/20 | Relative strength 18.8/20 - Exact sum: 14.7 + 11.2 + 6.7 + 18.8 = 51.4 - Decision use: Price leads the evidence: RS versus the benchmark is 31.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 16. TE Connectivity plc (TEL): 51/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 18.2/35 | Capital efficiency 15.5/25 | Valuation 11.5/20 | Relative strength 6.1/20 - Exact sum: 18.2 + 15.5 + 11.5 + 6.1 = 51.3 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 17. Benchmark Electronics, Inc. (BHE): 51/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 13.3/35 | Capital efficiency 10.5/25 | Valuation 12.3/20 | Relative strength 14.4/20 - Exact sum: 13.3 + 10.5 + 12.3 + 14.4 = 50.5 - Decision use: Price leads the evidence: RS versus the benchmark is 25.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 18. Littelfuse, Inc. (LFUS): 50/100 — Mixed-negative evidence; evidence 72% - Growth & earnings 16.8/35 | Capital efficiency 12.9/25 | Valuation 9.2/20 | Relative strength 10.9/20 - Exact sum: 16.8 + 12.9 + 9.2 + 10.9 = 49.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 19. Bel Fuse Inc. (BELFA): 48/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 17.7/35 | Capital efficiency 12.7/25 | Valuation 10.2/20 | Relative strength 7.4/20 - Exact sum: 17.7 + 12.7 + 10.2 + 7.4 = 48 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. LightPath Technologies, Inc. (LPTH): 47/100 — Thin evidence · provisional; evidence 56% - Growth & earnings 23.9/35 | Capital efficiency 7.8/25 | Valuation 10.0/20 | Relative strength 4.9/20 - Exact sum: 23.9 + 7.8 + 10 + 4.9 = 46.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 21. TTM Technologies, Inc. (TTMI): 46/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 22.0/35 | Capital efficiency 10.1/25 | Valuation 8.9/20 | Relative strength 5.2/20 - Exact sum: 22 + 10.1 + 8.9 + 5.2 = 46.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 22. Corning Incorporated (GLW): 45/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 24.3/35 | Capital efficiency 10.9/25 | Valuation 6.2/20 | Relative strength 3.4/20 - Exact sum: 24.3 + 10.9 + 6.2 + 3.4 = 44.8 - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -15.7% and the one-year return is 103.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. 23. Rogers Corporation (ROG): 43/100 — Mixed-negative evidence; evidence 65% - Growth & earnings 17.6/35 | Capital efficiency 10.2/25 | Valuation 8.8/20 | Relative strength 6.7/20 - Exact sum: 17.6 + 10.2 + 8.8 + 6.7 = 43.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 24. Fabrinet (FN): 42/100 — Mixed-negative evidence; evidence 67% - Growth & earnings 19.5/35 | Capital efficiency 15.8/25 | Valuation 6.1/20 | Relative strength 1.0/20 - Exact sum: 19.5 + 15.8 + 6.1 + 1 = 42.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 25. Kopin Corporation (KOPN): 38/100 — Mixed-negative evidence; evidence 65% - Growth & earnings 14.3/35 | Capital efficiency 7.8/25 | Valuation 8.5/20 | Relative strength 7.1/20 - Exact sum: 14.3 + 7.8 + 8.5 + 7.1 = 37.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 26. Sanmina Corporation (SANM): 38/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 16.6/35 | Capital efficiency 11.0/25 | Valuation 6.3/20 | Relative strength 3.7/20 - Exact sum: 16.6 + 11 + 6.3 + 3.7 = 37.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 27. LSI Industries Inc. (LYTS): 35/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 14.2/35 | Capital efficiency 7.9/25 | Valuation 6.1/20 | Relative strength 7.1/20 - Exact sum: 14.2 + 7.9 + 6.1 + 7.1 = 35.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 28. Syntec Optics Holdings, Inc. (OPTX): 34/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 7.5/35 | Capital efficiency 4.3/25 | Valuation 8.6/20 | Relative strength 13.3/20 - Exact sum: 7.5 + 4.3 + 8.6 + 13.3 = 33.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 29. Universal Display Corporation (OLED): 33/100 — Adverse evidence; evidence 76% - Growth & earnings 7.1/35 | Capital efficiency 12.6/25 | Valuation 8.8/20 | Relative strength 4.9/20 - Exact sum: 7.1 + 12.6 + 8.8 + 4.9 = 33.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 30. OSI Systems, Inc. (OSIS): 31/100 — Adverse evidence; evidence 82% - Growth & earnings 11.6/35 | Capital efficiency 10.9/25 | Valuation 5.4/20 | Relative strength 2.9/20 - Exact sum: 11.6 + 10.9 + 5.4 + 2.9 = 30.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Revenue Scale & Growth Durability What the numbers say: Jabil Inc. is the scale leader at $33,590 million, 20.3% ahead of Flex Ltd.. LightPath Technologies, Inc.'s growth is 87.9% from a $62 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Jabil Inc. is the scale benchmark; LightPath Technologies, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Jabil Inc.'s growth falls below LightPath Technologies, Inc.'s for two consecutive comparable reports while operating margin also compresses. Evidence: Jabil Inc. · $33,590 million | 20.3% versus #2 · Flex Ltd. | 5/8 recent comparable periods | 24/30 companies · 548 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Jabil Inc. (JBL): ₹33.6K Cr 2. Flex Ltd. (FLEX): ₹27.9K Cr 3. Amphenol Corporation (APH): ₹25.9K Cr 4. Corning Incorporated (GLW): ₹16.3K Cr 5. Celestica Inc. (CLS): ₹13.8K Cr ### Revenue growth — fastest growers 1. LightPath Technologies, Inc. (LPTH): 88% 2. Ouster, Inc. (OUST): 58% 3. Amphenol Corporation (APH): 54% 4. Sanmina Corporation (SANM): 45% 5. Celestica Inc. (CLS): 37% ### 20-quarter Revenue history - APH: Sep 2021 ₹2.8K Cr | Dec 2021 ₹3.0K Cr | Mar 2022 ₹3.0K Cr | Jun 2022 ₹3.1K Cr | Sep 2022 ₹3.3K Cr | Dec 2022 ₹3.2K Cr | Mar 2023 ₹3.0K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹3.3K Cr | Jun 2024 ₹3.6K Cr | Sep 2024 ₹4.0K Cr | Dec 2024 ₹4.3K Cr | Mar 2025 ₹4.8K Cr | Jun 2025 ₹5.7K Cr | Sep 2025 ₹6.2K Cr | Dec 2025 ₹6.4K Cr | Mar 2026 ₹7.6K Cr | Jun 2026 — - GLW: Sep 2021 ₹3.6K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.7K Cr | Jun 2022 ₹3.6K Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹3.4K Cr | Mar 2023 ₹3.2K Cr | Jun 2023 ₹3.2K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹3.0K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.4K Cr | Dec 2024 ₹3.5K Cr | Mar 2025 ₹3.5K Cr | Jun 2025 ₹3.9K Cr | Sep 2025 ₹4.1K Cr | Dec 2025 ₹4.2K Cr | Mar 2026 ₹4.1K Cr | Jun 2026 — - TEL: Sep 2021 ₹3.8K Cr | Dec 2021 ₹3.8K Cr | Mar 2022 ₹4.0K Cr | Jun 2022 ₹4.1K Cr | Sep 2022 ₹4.4K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 ₹4.2K Cr | Jun 2023 ₹4.0K Cr | Sep 2023 ₹4.0K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹4.0K Cr | Jun 2024 ₹4.0K Cr | Sep 2024 ₹4.1K Cr | Dec 2024 ₹3.8K Cr | Mar 2025 ₹4.1K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹4.7K Cr | Dec 2025 ₹4.7K Cr | Mar 2026 ₹4.7K Cr | Jun 2026 — - FLEX: Sep 2021 ₹6.3K Cr | Dec 2021 ₹6.2K Cr | Mar 2022 ₹6.9K Cr | Jun 2022 — | Sep 2022 ₹7.3K Cr | Dec 2022 ₹7.8K Cr | Mar 2023 ₹7.5K Cr | Jun 2023 ₹6.9K Cr | Sep 2023 ₹6.9K Cr | Dec 2023 ₹6.4K Cr | Mar 2024 ₹6.2K Cr | Jun 2024 ₹6.3K Cr | Sep 2024 ₹6.5K Cr | Dec 2024 ₹6.6K Cr | Mar 2025 ₹6.4K Cr | Jun 2025 ₹6.6K Cr | Sep 2025 ₹6.8K Cr | Dec 2025 ₹7.1K Cr | Mar 2026 ₹7.5K Cr | Jun 2026 — - CLS: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.7K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹2.0K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹1.9K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹2.1K Cr | Mar 2024 ₹2.2K Cr | Jun 2024 ₹2.4K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.5K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹3.2K Cr | Dec 2025 ₹3.7K Cr | Mar 2026 ₹4.0K Cr | Jun 2026 — - JBL: Sep 2021 ₹7.4K Cr | Dec 2021 ₹8.6K Cr | Mar 2022 ₹7.6K Cr | Jun 2022 ₹8.3K Cr | Sep 2022 ₹9.0K Cr | Dec 2022 ₹9.6K Cr | Mar 2023 ₹8.1K Cr | Jun 2023 ₹8.5K Cr | Sep 2023 ₹8.5K Cr | Dec 2023 ₹8.4K Cr | Mar 2024 ₹6.8K Cr | Jun 2024 ₹6.8K Cr | Sep 2024 ₹7.0K Cr | Dec 2024 ₹7.0K Cr | Mar 2025 ₹6.7K Cr | Jun 2025 ₹7.8K Cr | Sep 2025 ₹8.3K Cr | Dec 2025 ₹8.3K Cr | Mar 2026 ₹8.3K Cr | Jun 2026 ₹8.8K Cr - FN: Sep 2021 ₹543 Cr | Dec 2021 ₹567 Cr | Mar 2022 ₹564 Cr | Jun 2022 ₹588 Cr | Sep 2022 ₹655 Cr | Dec 2022 ₹669 Cr | Mar 2023 ₹665 Cr | Jun 2023 ₹656 Cr | Sep 2023 ₹685 Cr | Dec 2023 ₹713 Cr | Mar 2024 ₹732 Cr | Jun 2024 ₹753 Cr | Sep 2024 ₹804 Cr | Dec 2024 ₹834 Cr | Mar 2025 ₹872 Cr | Jun 2025 ₹910 Cr | Sep 2025 ₹978 Cr | Dec 2025 ₹1.1K Cr | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 ₹557 Cr | Dec 2021 — | Mar 2022 ₹598 Cr | Jun 2022 ₹581 Cr | Sep 2022 ₹626 Cr | Dec 2022 ₹671 Cr | Mar 2023 ₹617 Cr | Jun 2023 ₹544 Cr | Sep 2023 ₹547 Cr | Dec 2023 ₹573 Cr | Mar 2024 ₹569 Cr | Jun 2024 ₹570 Cr | Sep 2024 ₹605 Cr | Dec 2024 ₹651 Cr | Mar 2025 ₹649 Cr | Jun 2025 ₹731 Cr | Sep 2025 ₹753 Cr | Dec 2025 ₹774 Cr | Mar 2026 ₹846 Cr | Jun 2026 — - LFUS: Sep 2021 ₹540 Cr | Dec 2021 — | Mar 2022 ₹553 Cr | Jun 2022 ₹623 Cr | Sep 2022 ₹618 Cr | Dec 2022 ₹659 Cr | Mar 2023 — | Jun 2023 ₹610 Cr | Sep 2023 ₹612 Cr | Dec 2023 ₹534 Cr | Mar 2024 ₹535 Cr | Jun 2024 ₹558 Cr | Sep 2024 ₹567 Cr | Dec 2024 ₹530 Cr | Mar 2025 ₹554 Cr | Jun 2025 ₹613 Cr | Sep 2025 ₹625 Cr | Dec 2025 ₹594 Cr | Mar 2026 ₹657 Cr | Jun 2026 — - SANM: Sep 2021 ₹1.7K Cr | Dec 2021 ₹1.6K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹1.9K Cr | Sep 2022 ₹2.0K Cr | Dec 2022 ₹2.2K Cr | Mar 2023 — | Jun 2023 ₹2.3K Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹1.8K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹2.0K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.1K Cr | Dec 2025 ₹3.2K Cr | Mar 2026 ₹4.0K Cr | Jun 2026 — - VICR: Sep 2021 ₹85 Cr | Dec 2021 ₹90 Cr | Mar 2022 ₹88 Cr | Jun 2022 ₹102 Cr | Sep 2022 ₹103 Cr | Dec 2022 ₹105 Cr | Mar 2023 ₹98 Cr | Jun 2023 ₹107 Cr | Sep 2023 ₹108 Cr | Dec 2023 ₹93 Cr | Mar 2024 ₹84 Cr | Jun 2024 ₹86 Cr | Sep 2024 ₹93 Cr | Dec 2024 ₹359 Cr | Mar 2025 ₹94 Cr | Jun 2025 ₹186 Cr | Sep 2025 ₹110 Cr | Dec 2025 ₹363 Cr | Mar 2026 ₹113 Cr | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹541 Cr | Jun 2024 ₹534 Cr | Sep 2024 ₹532 Cr | Dec 2024 ₹548 Cr | Mar 2025 ₹482 Cr | Jun 2025 ₹503 Cr | Sep 2025 ₹529 Cr | Dec 2025 ₹555 Cr | Mar 2026 — | Jun 2026 ₹535 Cr - PLXS: Sep 2021 ₹814 Cr | Dec 2021 ₹843 Cr | Mar 2022 ₹817 Cr | Jun 2022 ₹889 Cr | Sep 2022 ₹981 Cr | Dec 2022 ₹1.1K Cr | Mar 2023 — | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹983 Cr | Mar 2024 ₹967 Cr | Jun 2024 ₹961 Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹976 Cr | Mar 2025 ₹980 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 — | Mar 2026 ₹1.1K Cr | Jun 2026 ₹1.2K Cr - OLED: Sep 2021 ₹144 Cr | Dec 2021 ₹146 Cr | Mar 2022 ₹150 Cr | Jun 2022 ₹137 Cr | Sep 2022 ₹161 Cr | Dec 2022 ₹169 Cr | Mar 2023 ₹130 Cr | Jun 2023 ₹147 Cr | Sep 2023 ₹141 Cr | Dec 2023 ₹158 Cr | Mar 2024 ₹165 Cr | Jun 2024 ₹159 Cr | Sep 2024 ₹162 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹166 Cr | Jun 2025 ₹172 Cr | Sep 2025 ₹140 Cr | Dec 2025 ₹173 Cr | Mar 2026 ₹142 Cr | Jun 2026 — - OSIS: Sep 2021 ₹279 Cr | Dec 2021 ₹277 Cr | Mar 2022 ₹290 Cr | Jun 2022 ₹337 Cr | Sep 2022 ₹268 Cr | Dec 2022 ₹296 Cr | Mar 2023 ₹303 Cr | Jun 2023 ₹412 Cr | Sep 2023 ₹279 Cr | Dec 2023 ₹464 Cr | Mar 2024 ₹405 Cr | Jun 2024 ₹481 Cr | Sep 2024 ₹344 Cr | Dec 2024 ₹420 Cr | Mar 2025 ₹444 Cr | Jun 2025 ₹505 Cr | Sep 2025 ₹385 Cr | Dec 2025 ₹464 Cr | Mar 2026 ₹453 Cr | Jun 2026 — - KN: Sep 2021 ₹233 Cr | Dec 2021 ₹234 Cr | Mar 2022 ₹201 Cr | Jun 2022 ₹188 Cr | Sep 2022 ₹178 Cr | Dec 2022 ₹197 Cr | Mar 2023 ₹144 Cr | Jun 2023 ₹173 Cr | Sep 2023 ₹108 Cr | Dec 2023 ₹139 Cr | Mar 2024 ₹133 Cr | Jun 2024 ₹135 Cr | Sep 2024 ₹143 Cr | Dec 2024 ₹143 Cr | Mar 2025 ₹132 Cr | Jun 2025 ₹146 Cr | Sep 2025 ₹153 Cr | Dec 2025 ₹162 Cr | Mar 2026 ₹153 Cr | Jun 2026 — - BELFA: Sep 2021 ₹147 Cr | Dec 2021 ₹147 Cr | Mar 2022 ₹137 Cr | Jun 2022 ₹171 Cr | Sep 2022 ₹178 Cr | Dec 2022 ₹169 Cr | Mar 2023 ₹172 Cr | Jun 2023 ₹169 Cr | Sep 2023 ₹159 Cr | Dec 2023 ₹140 Cr | Mar 2024 ₹128 Cr | Jun 2024 ₹133 Cr | Sep 2024 ₹124 Cr | Dec 2024 ₹150 Cr | Mar 2025 ₹152 Cr | Jun 2025 ₹168 Cr | Sep 2025 ₹179 Cr | Dec 2025 ₹176 Cr | Mar 2026 ₹178 Cr | Jun 2026 — - BHE: Sep 2021 ₹572 Cr | Dec 2021 ₹633 Cr | Mar 2022 ₹636 Cr | Jun 2022 ₹728 Cr | Sep 2022 ₹772 Cr | Dec 2022 ₹751 Cr | Mar 2023 ₹695 Cr | Jun 2023 ₹733 Cr | Sep 2023 ₹720 Cr | Dec 2023 ₹691 Cr | Mar 2024 ₹676 Cr | Jun 2024 ₹666 Cr | Sep 2024 ₹658 Cr | Dec 2024 ₹657 Cr | Mar 2025 ₹632 Cr | Jun 2025 ₹642 Cr | Sep 2025 ₹681 Cr | Dec 2025 ₹704 Cr | Mar 2026 ₹677 Cr | Jun 2026 — - OUST: Sep 2021 ₹8 Cr | Dec 2021 — | Mar 2022 ₹9 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹11 Cr | Dec 2022 ₹11 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹27 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹33 Cr | Jun 2025 ₹35 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹49 Cr | Jun 2026 — - ROG: Sep 2021 ₹238 Cr | Dec 2021 ₹230 Cr | Mar 2022 ₹248 Cr | Jun 2022 ₹252 Cr | Sep 2022 ₹247 Cr | Dec 2022 ₹224 Cr | Mar 2023 ₹244 Cr | Jun 2023 ₹231 Cr | Sep 2023 ₹229 Cr | Dec 2023 ₹205 Cr | Mar 2024 ₹213 Cr | Jun 2024 ₹214 Cr | Sep 2024 ₹210 Cr | Dec 2024 ₹192 Cr | Mar 2025 ₹191 Cr | Jun 2025 ₹203 Cr | Sep 2025 ₹216 Cr | Dec 2025 ₹202 Cr | Mar 2026 ₹201 Cr | Jun 2026 — - CTS: Sep 2021 ₹122 Cr | Dec 2021 ₹133 Cr | Mar 2022 ₹148 Cr | Jun 2022 ₹145 Cr | Sep 2022 ₹152 Cr | Dec 2022 ₹142 Cr | Mar 2023 ₹146 Cr | Jun 2023 ₹145 Cr | Sep 2023 ₹135 Cr | Dec 2023 ₹125 Cr | Mar 2024 ₹126 Cr | Jun 2024 ₹130 Cr | Sep 2024 ₹132 Cr | Dec 2024 ₹126 Cr | Mar 2025 ₹126 Cr | Jun 2025 ₹135 Cr | Sep 2025 ₹143 Cr | Dec 2025 ₹137 Cr | Mar 2026 ₹139 Cr | Jun 2026 — - ALNT: Sep 2021 ₹104 Cr | Dec 2021 ₹97 Cr | Mar 2022 ₹115 Cr | Jun 2022 ₹123 Cr | Sep 2022 ₹134 Cr | Dec 2022 ₹131 Cr | Mar 2023 ₹146 Cr | Jun 2023 ₹147 Cr | Sep 2023 ₹145 Cr | Dec 2023 ₹141 Cr | Mar 2024 ₹147 Cr | Jun 2024 ₹136 Cr | Sep 2024 ₹125 Cr | Dec 2024 ₹122 Cr | Mar 2025 ₹133 Cr | Jun 2025 ₹140 Cr | Sep 2025 ₹139 Cr | Dec 2025 ₹143 Cr | Mar 2026 ₹139 Cr | Jun 2026 — - DAKT: Sep 2021 ₹145 Cr | Dec 2021 ₹164 Cr | Mar 2022 ₹140 Cr | Jun 2022 ₹162 Cr | Sep 2022 ₹172 Cr | Dec 2022 ₹187 Cr | Mar 2023 ₹185 Cr | Jun 2023 ₹210 Cr | Sep 2023 ₹233 Cr | Dec 2023 ₹199 Cr | Mar 2024 ₹170 Cr | Jun 2024 ₹216 Cr | Sep 2024 ₹226 Cr | Dec 2024 ₹208 Cr | Mar 2025 ₹150 Cr | Jun 2025 ₹173 Cr | Sep 2025 ₹219 Cr | Dec 2025 ₹229 Cr | Mar 2026 ₹182 Cr | Jun 2026 ₹209 Cr - LYTS: Sep 2021 ₹106 Cr | Dec 2021 ₹111 Cr | Mar 2022 ₹110 Cr | Jun 2022 ₹127 Cr | Sep 2022 ₹127 Cr | Dec 2022 ₹129 Cr | Mar 2023 ₹117 Cr | Jun 2023 ₹124 Cr | Sep 2023 ₹123 Cr | Dec 2023 ₹109 Cr | Mar 2024 ₹108 Cr | Jun 2024 ₹129 Cr | Sep 2024 ₹138 Cr | Dec 2024 ₹148 Cr | Mar 2025 ₹132 Cr | Jun 2025 ₹155 Cr | Sep 2025 ₹157 Cr | Dec 2025 ₹147 Cr | Mar 2026 ₹151 Cr | Jun 2026 — - LPTH: Sep 2021 ₹9 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹19 Cr | Jun 2026 — - KOPN: Sep 2021 ₹11 Cr | Dec 2021 ₹13 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹12 Cr | Mar 2023 — | Jun 2023 ₹11 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹12 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - MEI: Sep 2021 ₹288 Cr | Dec 2021 ₹296 Cr | Mar 2022 ₹292 Cr | Jun 2022 ₹289 Cr | Sep 2022 ₹282 Cr | Dec 2022 ₹316 Cr | Mar 2023 ₹280 Cr | Jun 2023 ₹301 Cr | Sep 2023 ₹290 Cr | Dec 2023 ₹288 Cr | Mar 2024 ₹260 Cr | Jun 2024 ₹277 Cr | Sep 2024 ₹259 Cr | Dec 2024 ₹293 Cr | Mar 2025 ₹240 Cr | Jun 2025 ₹257 Cr | Sep 2025 ₹241 Cr | Dec 2025 ₹247 Cr | Mar 2026 ₹234 Cr | Jun 2026 ₹298 Cr - MPTI: Sep 2021 ₹7 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹7 Cr | Sep 2022 ₹8 Cr | Dec 2022 ₹9 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹13 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹15 Cr | Jun 2026 — - RELL: Sep 2021 ₹54 Cr | Dec 2021 ₹54 Cr | Mar 2022 ₹55 Cr | Jun 2022 ₹62 Cr | Sep 2022 ₹68 Cr | Dec 2022 ₹66 Cr | Mar 2023 ₹70 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹44 Cr | Mar 2024 ₹52 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹54 Cr | Dec 2024 ₹49 Cr | Mar 2025 ₹54 Cr | Jun 2025 ₹52 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹52 Cr | Mar 2026 ₹55 Cr | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹7 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹7 Cr | Jun 2026 — ### 20-quarter Revenue growth history - APH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 17% | Dec 2022 7.0% | Mar 2023 0.8% | Jun 2023 -2.7% | Sep 2023 -2.9% | Dec 2023 2.8% | Mar 2024 9.5% | Jun 2024 18% | Sep 2024 26% | Dec 2024 30% | Mar 2025 48% | Jun 2025 57% | Sep 2025 53% | Dec 2025 49% | Mar 2026 58% | Jun 2026 — - GLW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.3% | Sep 2022 -3.5% | Dec 2022 -7.3% | Mar 2023 -14% | Jun 2023 -10% | Sep 2023 -9.0% | Dec 2023 -12% | Mar 2024 -6.4% | Jun 2024 0.3% | Sep 2024 6.9% | Dec 2024 17% | Mar 2025 16% | Jun 2025 19% | Sep 2025 21% | Dec 2025 20% | Mar 2026 20% | Jun 2026 — - TEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 6.6% | Sep 2022 14% | Dec 2022 0.6% | Mar 2023 3.8% | Jun 2023 -2.4% | Sep 2023 -7.4% | Dec 2023 -0.3% | Mar 2024 -4.6% | Jun 2024 -0.5% | Sep 2024 0.8% | Dec 2024 0.1% | Mar 2025 4.4% | Jun 2025 14% | Sep 2025 17% | Dec 2025 22% | Mar 2026 15% | Jun 2026 — - FLEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 16% | Dec 2022 25% | Mar 2023 9.1% | Jun 2023 — | Sep 2023 -5.6% | Dec 2023 -17% | Mar 2024 -17% | Jun 2024 -8.4% | Sep 2024 -5.6% | Dec 2024 2.1% | Mar 2025 3.7% | Jun 2025 4.1% | Sep 2025 4.0% | Dec 2025 7.7% | Mar 2026 17% | Jun 2026 — - CLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 31% | Dec 2022 35% | Mar 2023 17% | Jun 2023 13% | Sep 2023 6.2% | Dec 2023 4.8% | Mar 2024 20% | Jun 2024 23% | Sep 2024 22% | Dec 2024 19% | Mar 2025 20% | Jun 2025 21% | Sep 2025 28% | Dec 2025 44% | Mar 2026 53% | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 22% | Dec 2022 12% | Mar 2023 7.7% | Jun 2023 1.8% | Sep 2023 -6.3% | Dec 2023 -13% | Mar 2024 -17% | Jun 2024 -20% | Sep 2024 -18% | Dec 2024 -17% | Mar 2025 -0.6% | Jun 2025 16% | Sep 2025 19% | Dec 2025 19% | Mar 2026 23% | Jun 2026 12% - FN: Sep 2021 — | Dec 2021 — | Mar 2022 18% | Jun 2022 15% | Sep 2022 21% | Dec 2022 18% | Mar 2023 18% | Jun 2023 12% | Sep 2023 4.6% | Dec 2023 6.6% | Mar 2024 10% | Jun 2024 15% | Sep 2024 17% | Dec 2024 17% | Mar 2025 19% | Jun 2025 21% | Sep 2025 22% | Dec 2025 36% | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.5% | Sep 2022 12% | Dec 2022 — | Mar 2023 3.2% | Jun 2023 -6.4% | Sep 2023 -13% | Dec 2023 -15% | Mar 2024 -7.8% | Jun 2024 4.8% | Sep 2024 11% | Dec 2024 14% | Mar 2025 14% | Jun 2025 28% | Sep 2025 24% | Dec 2025 19% | Mar 2026 30% | Jun 2026 — - LFUS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 19% | Sep 2022 14% | Dec 2022 — | Mar 2023 — | Jun 2023 -2.1% | Sep 2023 -1.0% | Dec 2023 -19% | Mar 2024 — | Jun 2024 -8.5% | Sep 2024 -7.4% | Dec 2024 -0.8% | Mar 2025 3.6% | Jun 2025 9.9% | Sep 2025 10% | Dec 2025 12% | Mar 2026 19% | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 22% | Dec 2022 37% | Mar 2023 — | Jun 2023 21% | Sep 2023 9.1% | Dec 2023 -16% | Mar 2024 — | Jun 2024 -21% | Sep 2024 -8.6% | Dec 2024 7.0% | Mar 2025 8.1% | Jun 2025 11% | Sep 2025 3.9% | Dec 2025 59% | Mar 2026 102% | Jun 2026 — - VICR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.4% | Sep 2022 21% | Dec 2022 17% | Mar 2023 11% | Jun 2023 4.9% | Sep 2023 4.9% | Dec 2023 -11% | Mar 2024 -14% | Jun 2024 -20% | Sep 2024 -14% | Dec 2024 286% | Mar 2025 12% | Jun 2025 116% | Sep 2025 18% | Dec 2025 1.1% | Mar 2026 20% | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -11% | Jun 2025 -5.8% | Sep 2025 -0.6% | Dec 2025 1.3% | Mar 2026 — | Jun 2026 6.4% - PLXS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 21% | Dec 2022 33% | Mar 2023 — | Jun 2023 20% | Sep 2023 4.2% | Dec 2023 -13% | Mar 2024 — | Jun 2024 -10% | Sep 2024 2.8% | Dec 2024 -0.7% | Mar 2025 1.3% | Jun 2025 5.9% | Sep 2025 0.7% | Dec 2025 — | Mar 2026 9.2% | Jun 2026 14% - OLED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.4% | Sep 2022 12% | Dec 2022 16% | Mar 2023 -13% | Jun 2023 7.3% | Sep 2023 -12% | Dec 2023 -6.5% | Mar 2024 27% | Jun 2024 8.2% | Sep 2024 15% | Dec 2024 2.5% | Mar 2025 0.6% | Jun 2025 8.2% | Sep 2025 -14% | Dec 2025 6.8% | Mar 2026 -14% | Jun 2026 — - OSIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.5% | Sep 2022 -3.9% | Dec 2022 6.9% | Mar 2023 4.5% | Jun 2023 22% | Sep 2023 4.1% | Dec 2023 57% | Mar 2024 34% | Jun 2024 17% | Sep 2024 23% | Dec 2024 -9.5% | Mar 2025 9.6% | Jun 2025 5.0% | Sep 2025 12% | Dec 2025 10% | Mar 2026 2.0% | Jun 2026 — - KN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -6.0% | Sep 2022 -24% | Dec 2022 -16% | Mar 2023 -28% | Jun 2023 -8.0% | Sep 2023 -39% | Dec 2023 -29% | Mar 2024 -7.6% | Jun 2024 -22% | Sep 2024 32% | Dec 2024 2.9% | Mar 2025 -0.8% | Jun 2025 8.2% | Sep 2025 7.0% | Dec 2025 13% | Mar 2026 16% | Jun 2026 — - BELFA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 21% | Dec 2022 15% | Mar 2023 26% | Jun 2023 -1.2% | Sep 2023 -11% | Dec 2023 -17% | Mar 2024 -26% | Jun 2024 -21% | Sep 2024 -22% | Dec 2024 7.1% | Mar 2025 19% | Jun 2025 26% | Sep 2025 44% | Dec 2025 17% | Mar 2026 17% | Jun 2026 — - BHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 34% | Sep 2022 35% | Dec 2022 19% | Mar 2023 9.3% | Jun 2023 0.7% | Sep 2023 -6.7% | Dec 2023 -8.0% | Mar 2024 -2.7% | Jun 2024 -9.1% | Sep 2024 -8.6% | Dec 2024 -4.9% | Mar 2025 -6.5% | Jun 2025 -3.6% | Sep 2025 3.5% | Dec 2025 7.2% | Mar 2026 7.1% | Jun 2026 — - OUST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 38% | Dec 2022 — | Mar 2023 89% | Jun 2023 90% | Sep 2023 100% | Dec 2023 118% | Mar 2024 53% | Jun 2024 42% | Sep 2024 27% | Dec 2024 25% | Mar 2025 27% | Jun 2025 30% | Sep 2025 43% | Dec 2025 107% | Mar 2026 48% | Jun 2026 — - ROG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 7.2% | Sep 2022 3.8% | Dec 2022 -2.6% | Mar 2023 -1.6% | Jun 2023 -8.3% | Sep 2023 -7.3% | Dec 2023 -8.5% | Mar 2024 -13% | Jun 2024 -7.4% | Sep 2024 -8.3% | Dec 2024 -6.3% | Mar 2025 -10% | Jun 2025 -5.1% | Sep 2025 2.9% | Dec 2025 5.2% | Mar 2026 5.2% | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 25% | Dec 2022 6.8% | Mar 2023 -1.4% | Jun 2023 0.0% | Sep 2023 -11% | Dec 2023 -12% | Mar 2024 -14% | Jun 2024 -10% | Sep 2024 -2.2% | Dec 2024 0.8% | Mar 2025 0.0% | Jun 2025 3.9% | Sep 2025 8.3% | Dec 2025 8.7% | Mar 2026 10% | Jun 2026 — - ALNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 29% | Dec 2022 35% | Mar 2023 27% | Jun 2023 20% | Sep 2023 8.2% | Dec 2023 7.6% | Mar 2024 0.7% | Jun 2024 -7.5% | Sep 2024 -14% | Dec 2024 -13% | Mar 2025 -9.5% | Jun 2025 2.9% | Sep 2025 11% | Dec 2025 17% | Mar 2026 4.5% | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 19% | Dec 2022 14% | Mar 2023 32% | Jun 2023 30% | Sep 2023 35% | Dec 2023 6.4% | Mar 2024 -8.1% | Jun 2024 2.9% | Sep 2024 -3.0% | Dec 2024 4.5% | Mar 2025 -12% | Jun 2025 -20% | Sep 2025 -3.1% | Dec 2025 10% | Mar 2026 21% | Jun 2026 21% - LYTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 20% | Dec 2022 16% | Mar 2023 6.4% | Jun 2023 -2.4% | Sep 2023 -3.2% | Dec 2023 -16% | Mar 2024 -7.7% | Jun 2024 4.0% | Sep 2024 12% | Dec 2024 36% | Mar 2025 22% | Jun 2025 20% | Sep 2025 14% | Dec 2025 -0.7% | Mar 2026 14% | Jun 2026 — - LPTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 -22% | Dec 2022 -11% | Mar 2023 -13% | Jun 2023 11% | Sep 2023 14% | Dec 2023 -13% | Mar 2024 14% | Jun 2024 -10% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 13% | Jun 2025 33% | Sep 2025 88% | Dec 2025 129% | Mar 2026 111% | Jun 2026 — - KOPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 9.1% | Dec 2022 -7.7% | Mar 2023 — | Jun 2023 -8.3% | Sep 2023 -17% | Dec 2023 -25% | Mar 2024 — | Jun 2024 9.1% | Sep 2024 30% | Dec 2024 67% | Mar 2025 10% | Jun 2025 -33% | Sep 2025 -7.7% | Dec 2025 -47% | Mar 2026 0.0% | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -2.1% | Dec 2022 6.8% | Mar 2023 -4.1% | Jun 2023 4.2% | Sep 2023 2.8% | Dec 2023 -8.9% | Mar 2024 -7.1% | Jun 2024 -8.0% | Sep 2024 -11% | Dec 2024 1.7% | Mar 2025 -7.7% | Jun 2025 -7.2% | Sep 2025 -7.0% | Dec 2025 -16% | Mar 2026 -2.5% | Jun 2026 16% - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 14% | Dec 2022 29% | Mar 2023 13% | Jun 2023 43% | Sep 2023 38% | Dec 2023 22% | Mar 2024 22% | Jun 2024 20% | Sep 2024 18% | Dec 2024 18% | Mar 2025 18% | Jun 2025 8.3% | Sep 2025 7.7% | Dec 2025 7.7% | Mar 2026 15% | Jun 2026 — - RELL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 24% | Sep 2022 26% | Dec 2022 22% | Mar 2023 27% | Jun 2023 -4.8% | Sep 2023 -22% | Dec 2023 -33% | Mar 2024 -26% | Jun 2024 -20% | Sep 2024 1.9% | Dec 2024 11% | Mar 2025 3.9% | Jun 2025 11% | Sep 2025 1.9% | Dec 2025 6.1% | Mar 2026 1.9% | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -14% | Jun 2024 -13% | Sep 2024 14% | Dec 2024 -13% | Mar 2025 17% | Jun 2025 0.0% | Sep 2025 -13% | Dec 2025 14% | Mar 2026 0.0% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Universal Display Corporation leads opm at 30.1%; Ouster, Inc. leads margin change at +33.5 percentage points. Investor read: Universal Display Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Universal Display Corporation · 30.1% | 25.4% versus #2 · Amphenol Corporation | 4/8 recent comparable periods | 30/30 companies · 547 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Universal Display Corporation (OLED): 30% 2. Amphenol Corporation (APH): 24% 3. TE Connectivity plc (TEL): 20% 4. M-tron Industries, Inc. (MPTI): 18% 5. CTS Corporation (CTS): 16% ### Margin change — fastest expanders 1. Ouster, Inc. (OUST): +33.5 pp 2. LightPath Technologies, Inc. (LPTH): +15.5 pp 3. Vicor Corporation (VICR): +15.1 pp 4. Methode Electronics, Inc. (MEI): +12.9 pp 5. Daktronics, Inc. (DAKT): +7.8 pp ### 20-quarter OPM history - APH: Sep 2021 20% | Dec 2021 20% | Mar 2022 20% | Jun 2022 21% | Sep 2022 21% | Dec 2022 21% | Mar 2023 20% | Jun 2023 20% | Sep 2023 21% | Dec 2023 21% | Mar 2024 21% | Jun 2024 19% | Sep 2024 20% | Dec 2024 22% | Mar 2025 21% | Jun 2025 25% | Sep 2025 28% | Dec 2025 27% | Mar 2026 24% | Jun 2026 — - GLW: Sep 2021 15% | Dec 2021 13% | Mar 2022 16% | Jun 2022 14% | Sep 2022 8.4% | Dec 2022 2.5% | Mar 2023 9.3% | Jun 2023 8.6% | Sep 2023 7.4% | Dec 2023 2.6% | Mar 2024 8.5% | Jun 2024 5.7% | Sep 2024 8.9% | Dec 2024 11% | Mar 2025 13% | Jun 2025 15% | Sep 2025 14% | Dec 2025 16% | Mar 2026 15% | Jun 2026 — - TEL: Sep 2021 17% | Dec 2021 18% | Mar 2022 18% | Jun 2022 18% | Sep 2022 15% | Dec 2022 13% | Mar 2023 13% | Jun 2023 16% | Sep 2023 16% | Dec 2023 18% | Mar 2024 17% | Jun 2024 19% | Sep 2024 16% | Dec 2024 18% | Mar 2025 18% | Jun 2025 19% | Sep 2025 19% | Dec 2025 21% | Mar 2026 20% | Jun 2026 — - FLEX: Sep 2021 4.0% | Dec 2021 3.8% | Mar 2022 3.3% | Jun 2022 — | Sep 2022 3.7% | Dec 2022 4.1% | Mar 2023 3.6% | Jun 2023 3.1% | Sep 2023 4.1% | Dec 2023 3.1% | Mar 2024 2.6% | Jun 2024 3.7% | Sep 2024 4.5% | Dec 2024 5.1% | Mar 2025 4.8% | Jun 2025 4.7% | Sep 2025 4.4% | Dec 2025 5.5% | Mar 2026 5.0% | Jun 2026 — - CLS: Sep 2021 3.5% | Dec 2021 3.3% | Mar 2022 2.6% | Jun 2022 3.7% | Sep 2022 4.1% | Dec 2022 4.0% | Mar 2023 3.0% | Jun 2023 4.3% | Sep 2023 4.4% | Dec 2023 5.1% | Mar 2024 5.7% | Jun 2024 5.6% | Sep 2024 5.5% | Dec 2024 8.0% | Mar 2025 4.9% | Jun 2025 9.4% | Sep 2025 10% | Dec 2025 8.6% | Mar 2026 6.7% | Jun 2026 — - JBL: Sep 2021 3.6% | Dec 2021 4.1% | Mar 2022 4.1% | Jun 2022 3.9% | Sep 2022 4.5% | Dec 2022 3.8% | Mar 2023 4.4% | Jun 2023 4.4% | Sep 2023 5.2% | Dec 2023 3.6% | Mar 2024 17% | Jun 2024 3.9% | Sep 2024 4.6% | Dec 2024 2.8% | Mar 2025 3.6% | Jun 2025 5.1% | Sep 2025 4.1% | Dec 2025 3.4% | Mar 2026 4.5% | Jun 2026 5.1% - FN: Sep 2021 7.9% | Dec 2021 9.1% | Mar 2022 9.5% | Jun 2022 9.6% | Sep 2022 9.5% | Dec 2022 9.9% | Mar 2023 9.3% | Jun 2023 9.4% | Sep 2023 9.3% | Dec 2023 9.7% | Mar 2024 9.7% | Jun 2024 9.7% | Sep 2024 9.6% | Dec 2024 9.5% | Mar 2025 9.0% | Jun 2025 9.8% | Sep 2025 9.6% | Dec 2025 10% | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 5.8% | Dec 2021 — | Mar 2022 6.2% | Jun 2022 4.5% | Sep 2022 5.9% | Dec 2022 7.4% | Mar 2023 7.4% | Jun 2023 -0.6% | Sep 2023 3.9% | Dec 2023 -1.8% | Mar 2024 6.1% | Jun 2024 3.0% | Sep 2024 6.4% | Dec 2024 6.4% | Mar 2025 7.7% | Jun 2025 8.5% | Sep 2025 9.6% | Dec 2025 10% | Mar 2026 8.6% | Jun 2026 — - LFUS: Sep 2021 22% | Dec 2021 — | Mar 2022 17% | Jun 2022 24% | Sep 2022 22% | Dec 2022 19% | Mar 2023 — | Jun 2023 18% | Sep 2023 15% | Dec 2023 12% | Mar 2024 10% | Jun 2024 12% | Sep 2024 16% | Dec 2024 -9.3% | Mar 2025 13% | Jun 2025 15% | Sep 2025 16% | Dec 2025 -38% | Mar 2026 15% | Jun 2026 — - SANM: Sep 2021 4.5% | Dec 2021 4.1% | Mar 2022 4.5% | Jun 2022 4.0% | Sep 2022 4.5% | Dec 2022 4.6% | Mar 2023 — | Jun 2023 5.2% | Sep 2023 4.9% | Dec 2023 4.7% | Mar 2024 4.1% | Jun 2024 4.5% | Sep 2024 4.4% | Dec 2024 4.4% | Mar 2025 4.6% | Jun 2025 4.7% | Sep 2025 3.7% | Dec 2025 2.3% | Mar 2026 3.9% | Jun 2026 — - VICR: Sep 2021 14% | Dec 2021 9.9% | Mar 2022 5.4% | Jun 2022 11% | Sep 2022 2.9% | Dec 2022 7.7% | Mar 2023 11% | Jun 2023 17% | Sep 2023 15% | Dec 2023 7.9% | Mar 2024 -19% | Jun 2024 0.2% | Sep 2024 5.8% | Dec 2024 2.6% | Mar 2025 -0.2% | Jun 2025 24% | Sep 2025 19% | Dec 2025 4.3% | Mar 2026 15% | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 26% | Jun 2024 20% | Sep 2024 21% | Dec 2024 19% | Mar 2025 15% | Jun 2025 12% | Sep 2025 9.8% | Dec 2025 -247% | Mar 2026 — | Jun 2026 13% - PLXS: Sep 2021 4.5% | Dec 2021 5.0% | Mar 2022 3.7% | Jun 2022 4.0% | Sep 2022 5.1% | Dec 2022 5.5% | Mar 2023 — | Jun 2023 5.3% | Sep 2023 2.8% | Dec 2023 4.6% | Mar 2024 3.0% | Jun 2024 4.1% | Sep 2024 5.1% | Dec 2024 4.8% | Mar 2025 5.0% | Jun 2025 5.3% | Sep 2025 5.0% | Dec 2025 — | Mar 2026 5.1% | Jun 2026 5.3% - OLED: Sep 2021 40% | Dec 2021 39% | Mar 2022 41% | Jun 2022 39% | Sep 2022 43% | Dec 2022 49% | Mar 2023 35% | Jun 2023 40% | Sep 2023 34% | Dec 2023 41% | Mar 2024 38% | Jun 2024 36% | Sep 2024 42% | Dec 2024 32% | Mar 2025 42% | Jun 2025 40% | Sep 2025 31% | Dec 2025 39% | Mar 2026 30% | Jun 2026 — - OSIS: Sep 2021 8.8% | Dec 2021 11% | Mar 2022 9.8% | Jun 2022 12% | Sep 2022 6.8% | Dec 2022 8.6% | Mar 2023 11% | Jun 2023 14% | Sep 2023 8.1% | Dec 2023 13% | Mar 2024 13% | Jun 2024 13% | Sep 2024 8.8% | Dec 2024 14% | Mar 2025 13% | Jun 2025 15% | Sep 2025 8.6% | Dec 2025 13% | Mar 2026 12% | Jun 2026 — - KN: Sep 2021 15% | Dec 2021 17% | Mar 2022 11% | Jun 2022 -114% | Sep 2022 -8.2% | Dec 2022 -222% | Mar 2023 -0.7% | Jun 2023 7.0% | Sep 2023 11% | Dec 2023 8.1% | Mar 2024 3.8% | Jun 2024 9.4% | Sep 2024 13% | Dec 2024 11% | Mar 2025 3.0% | Jun 2025 7.6% | Sep 2025 17% | Dec 2025 16% | Mar 2026 10% | Jun 2026 — - BELFA: Sep 2021 5.5% | Dec 2021 7.7% | Mar 2022 5.9% | Jun 2022 9.8% | Sep 2022 11% | Dec 2022 11% | Mar 2023 11% | Jun 2023 12% | Sep 2023 15% | Dec 2023 12% | Mar 2024 14% | Jun 2024 17% | Sep 2024 9.3% | Dec 2024 8.5% | Mar 2025 16% | Jun 2025 13% | Sep 2025 15% | Dec 2025 15% | Mar 2026 13% | Jun 2026 — - BHE: Sep 2021 2.1% | Dec 2021 2.9% | Mar 2022 2.4% | Jun 2022 3.1% | Sep 2022 3.3% | Dec 2022 3.6% | Mar 2023 3.3% | Jun 2023 3.3% | Sep 2023 4.2% | Dec 2023 4.6% | Mar 2024 3.8% | Jun 2024 4.1% | Sep 2024 4.3% | Dec 2024 4.3% | Mar 2025 1.9% | Jun 2025 3.2% | Sep 2025 3.5% | Dec 2025 2.9% | Mar 2026 3.2% | Jun 2026 — - OUST: Sep 2021 -352% | Dec 2021 — | Mar 2022 -400% | Jun 2022 -321% | Sep 2022 -322% | Dec 2022 -384% | Mar 2023 — | Jun 2023 -634% | Sep 2023 -161% | Dec 2023 -153% | Mar 2024 -100% | Jun 2024 -94% | Sep 2024 -98% | Dec 2024 -85% | Mar 2025 -73% | Jun 2025 -77% | Sep 2025 -61% | Dec 2025 1.5% | Mar 2026 -40% | Jun 2026 — - ROG: Sep 2021 14% | Dec 2021 4.5% | Mar 2022 8.0% | Jun 2022 9.3% | Sep 2022 7.5% | Dec 2022 37% | Mar 2023 -0.1% | Jun 2023 12% | Sep 2023 12% | Dec 2023 15% | Mar 2024 5.5% | Jun 2024 5.3% | Sep 2024 6.9% | Dec 2024 -6.6% | Mar 2025 -0.2% | Jun 2025 -33% | Sep 2025 7.3% | Dec 2025 3.5% | Mar 2026 5.3% | Jun 2026 — - CTS: Sep 2021 16% | Dec 2021 14% | Mar 2022 18% | Jun 2022 16% | Sep 2022 15% | Dec 2022 15% | Mar 2023 15% | Jun 2023 13% | Sep 2023 14% | Dec 2023 13% | Mar 2024 12% | Jun 2024 14% | Sep 2024 16% | Dec 2024 14% | Mar 2025 13% | Jun 2025 17% | Sep 2025 15% | Dec 2025 17% | Mar 2026 16% | Jun 2026 — - ALNT: Sep 2021 8.4% | Dec 2021 4.1% | Mar 2022 3.7% | Jun 2022 6.1% | Sep 2022 8.7% | Dec 2022 6.2% | Mar 2023 7.8% | Jun 2023 8.2% | Sep 2023 8.2% | Dec 2023 5.0% | Mar 2024 8.2% | Jun 2024 3.6% | Sep 2024 5.3% | Dec 2024 5.3% | Mar 2025 6.6% | Jun 2025 8.4% | Sep 2025 8.8% | Dec 2025 7.9% | Mar 2026 6.7% | Jun 2026 — - DAKT: Sep 2021 3.9% | Dec 2021 2.7% | Mar 2022 -4.1% | Jun 2022 -0.2% | Sep 2022 -3.2% | Dec 2022 0.8% | Mar 2023 3.8% | Jun 2023 8.7% | Sep 2023 17% | Dec 2023 9.7% | Mar 2024 4.7% | Jun 2024 9.0% | Sep 2024 10% | Dec 2024 7.6% | Mar 2025 -2.4% | Jun 2025 -1.0% | Sep 2025 11% | Dec 2025 9.4% | Mar 2026 1.1% | Jun 2026 6.8% - LYTS: Sep 2021 4.2% | Dec 2021 4.0% | Mar 2022 4.7% | Jun 2022 5.6% | Sep 2022 7.9% | Dec 2022 7.0% | Mar 2023 6.6% | Jun 2023 8.3% | Sep 2023 8.9% | Dec 2023 7.2% | Mar 2024 7.1% | Jun 2024 7.0% | Sep 2024 6.6% | Dec 2024 5.7% | Mar 2025 4.7% | Jun 2025 7.7% | Sep 2025 7.0% | Dec 2025 6.0% | Mar 2026 2.7% | Jun 2026 — - LPTH: Sep 2021 -4.5% | Dec 2021 -11% | Mar 2022 -5.5% | Jun 2022 -8.8% | Sep 2022 -17% | Dec 2022 -6.6% | Mar 2023 -13% | Jun 2023 -8.3% | Sep 2023 -16% | Dec 2023 -24% | Mar 2024 -34% | Jun 2024 -26% | Sep 2024 -16% | Dec 2024 -34% | Mar 2025 -38% | Jun 2025 -37% | Sep 2025 -17% | Dec 2025 -53% | Mar 2026 -22% | Jun 2026 — - KOPN: Sep 2021 -19% | Dec 2021 -27% | Mar 2022 -53% | Jun 2022 -46% | Sep 2022 -34% | Dec 2022 -51% | Mar 2023 — | Jun 2023 -26% | Sep 2023 -46% | Dec 2023 -79% | Mar 2024 -325% | Jun 2024 -44% | Sep 2024 -21% | Dec 2024 -15% | Mar 2025 -37% | Jun 2025 -65% | Sep 2025 38% | Dec 2025 -60% | Mar 2026 -57% | Jun 2026 — - MEI: Sep 2021 12% | Dec 2021 11% | Mar 2022 10% | Jun 2022 5.1% | Sep 2022 7.7% | Dec 2022 10% | Mar 2023 9.7% | Jun 2023 2.8% | Sep 2023 1.3% | Dec 2023 -18% | Mar 2024 -1.2% | Jun 2024 -22% | Sep 2024 -2.9% | Dec 2024 3.2% | Mar 2025 -0.9% | Jun 2025 -9.2% | Sep 2025 0.5% | Dec 2025 1.2% | Mar 2026 -2.6% | Jun 2026 3.7% - MPTI: Sep 2021 11% | Dec 2021 2.9% | Mar 2022 11% | Jun 2022 8.5% | Sep 2022 7.5% | Dec 2022 9.5% | Mar 2023 8.1% | Jun 2023 15% | Sep 2023 19% | Dec 2023 -0.6% | Mar 2024 16% | Jun 2024 18% | Sep 2024 22% | Dec 2024 20% | Mar 2025 16% | Jun 2025 14% | Sep 2025 18% | Dec 2025 27% | Mar 2026 18% | Jun 2026 — - RELL: Sep 2021 5.3% | Dec 2021 8.4% | Mar 2022 6.6% | Jun 2022 8.1% | Sep 2022 13% | Dec 2022 11% | Mar 2023 11% | Jun 2023 2.4% | Sep 2023 2.8% | Dec 2023 -4.4% | Mar 2024 1.9% | Jun 2024 -0.2% | Sep 2024 0.6% | Dec 2024 -1.4% | Mar 2025 4.0% | Jun 2025 1.6% | Sep 2025 1.8% | Dec 2025 0.3% | Mar 2026 2.7% | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 2.8% | Jun 2023 10% | Sep 2023 8.0% | Dec 2023 0.6% | Mar 2024 -23% | Jun 2024 2.3% | Sep 2024 1.4% | Dec 2024 -20% | Mar 2025 7.5% | Jun 2025 -2.2% | Sep 2025 -18% | Dec 2025 4.2% | Mar 2026 -12% | Jun 2026 — ### 20-quarter Margin change history - APH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.8 pp | Sep 2022 +0.4 pp | Dec 2022 +1.0 pp | Mar 2023 −0.1 pp | Jun 2023 −0.4 pp | Sep 2023 −0.1 pp | Dec 2023 +0.1 pp | Mar 2024 +1.1 pp | Jun 2024 −0.9 pp | Sep 2024 −0.3 pp | Dec 2024 +1.4 pp | Mar 2025 +0.3 pp | Jun 2025 +5.7 pp | Sep 2025 +7.2 pp | Dec 2025 +4.7 pp | Mar 2026 +2.7 pp | Jun 2026 — - GLW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.8 pp | Sep 2022 −6.9 pp | Dec 2022 −10.6 pp | Mar 2023 −6.2 pp | Jun 2023 −5.0 pp | Sep 2023 −1.0 pp | Dec 2023 +0.1 pp | Mar 2024 −0.8 pp | Jun 2024 −2.9 pp | Sep 2024 +1.5 pp | Dec 2024 +8.6 pp | Mar 2025 +4.4 pp | Jun 2025 +9.1 pp | Sep 2025 +5.5 pp | Dec 2025 +4.7 pp | Mar 2026 +2.5 pp | Jun 2026 — - TEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.1 pp | Sep 2022 −2.2 pp | Dec 2022 −4.5 pp | Mar 2023 −4.7 pp | Jun 2023 −1.7 pp | Sep 2023 +0.6 pp | Dec 2023 +5.1 pp | Mar 2024 +4.5 pp | Jun 2024 +3.2 pp | Sep 2024 +0.3 pp | Dec 2024 −0.2 pp | Mar 2025 +0.7 pp | Jun 2025 −0.1 pp | Sep 2025 +3.3 pp | Dec 2025 +2.6 pp | Mar 2026 +2.0 pp | Jun 2026 — - FLEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 +0.3 pp | Mar 2023 +0.3 pp | Jun 2023 — | Sep 2023 +0.4 pp | Dec 2023 −1.0 pp | Mar 2024 −1.0 pp | Jun 2024 +0.6 pp | Sep 2024 +0.4 pp | Dec 2024 +2.0 pp | Mar 2025 +2.2 pp | Jun 2025 +1.0 pp | Sep 2025 −0.1 pp | Dec 2025 +0.4 pp | Mar 2026 +0.2 pp | Jun 2026 — - CLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.7 pp | Sep 2022 +0.6 pp | Dec 2022 +0.7 pp | Mar 2023 +0.4 pp | Jun 2023 +0.6 pp | Sep 2023 +0.3 pp | Dec 2023 +1.1 pp | Mar 2024 +2.7 pp | Jun 2024 +1.3 pp | Sep 2024 +1.1 pp | Dec 2024 +2.9 pp | Mar 2025 −0.8 pp | Jun 2025 +3.8 pp | Sep 2025 +4.7 pp | Dec 2025 +0.6 pp | Mar 2026 +1.8 pp | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.9 pp | Dec 2022 −0.3 pp | Mar 2023 +0.3 pp | Jun 2023 +0.5 pp | Sep 2023 +0.7 pp | Dec 2023 −0.2 pp | Mar 2024 +12.3 pp | Jun 2024 −0.5 pp | Sep 2024 −0.6 pp | Dec 2024 −0.8 pp | Mar 2025 −13.1 pp | Jun 2025 +1.2 pp | Sep 2025 −0.5 pp | Dec 2025 +0.6 pp | Mar 2026 +0.9 pp | Jun 2026 0.0 pp - FN: Sep 2021 — | Dec 2021 — | Mar 2022 +1.6 pp | Jun 2022 +1.0 pp | Sep 2022 +1.6 pp | Dec 2022 +0.8 pp | Mar 2023 −0.2 pp | Jun 2023 −0.2 pp | Sep 2023 −0.2 pp | Dec 2023 −0.2 pp | Mar 2024 +0.4 pp | Jun 2024 +0.3 pp | Sep 2024 +0.3 pp | Dec 2024 −0.2 pp | Mar 2025 −0.7 pp | Jun 2025 +0.1 pp | Sep 2025 0.0 pp | Dec 2025 +0.6 pp | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −2.7 pp | Sep 2022 +0.1 pp | Dec 2022 — | Mar 2023 +1.2 pp | Jun 2023 −5.1 pp | Sep 2023 −2.0 pp | Dec 2023 −9.2 pp | Mar 2024 −1.3 pp | Jun 2024 +3.6 pp | Sep 2024 +2.5 pp | Dec 2024 +8.2 pp | Mar 2025 +1.6 pp | Jun 2025 +5.5 pp | Sep 2025 +3.2 pp | Dec 2025 +4.0 pp | Mar 2026 +0.9 pp | Jun 2026 — - LFUS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.8 pp | Sep 2022 −0.6 pp | Dec 2022 — | Mar 2023 — | Jun 2023 −6.1 pp | Sep 2023 −6.7 pp | Dec 2023 −6.4 pp | Mar 2024 — | Jun 2024 −6.4 pp | Sep 2024 +0.5 pp | Dec 2024 −21.4 pp | Mar 2025 +2.4 pp | Jun 2025 +3.4 pp | Sep 2025 +0.1 pp | Dec 2025 −28.2 pp | Mar 2026 +2.7 pp | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.5 pp | Mar 2023 — | Jun 2023 +1.2 pp | Sep 2023 +0.4 pp | Dec 2023 +0.1 pp | Mar 2024 — | Jun 2024 −0.7 pp | Sep 2024 −0.5 pp | Dec 2024 −0.3 pp | Mar 2025 +0.5 pp | Jun 2025 +0.2 pp | Sep 2025 −0.7 pp | Dec 2025 −2.1 pp | Mar 2026 −0.7 pp | Jun 2026 — - VICR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −9.9 pp | Sep 2022 −11.2 pp | Dec 2022 −2.2 pp | Mar 2023 +5.3 pp | Jun 2023 +5.6 pp | Sep 2023 +11.7 pp | Dec 2023 +0.2 pp | Mar 2024 −29.9 pp | Jun 2024 −16.5 pp | Sep 2024 −8.8 pp | Dec 2024 −5.3 pp | Mar 2025 +19.0 pp | Jun 2025 +24.2 pp | Sep 2025 +13.1 pp | Dec 2025 +1.7 pp | Mar 2026 +15.1 pp | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 −10.8 pp | Jun 2025 −8.0 pp | Sep 2025 −11.1 pp | Dec 2025 −265.3 pp | Mar 2026 — | Jun 2026 +1.0 pp - PLXS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.6 pp | Dec 2022 +0.5 pp | Mar 2023 — | Jun 2023 +1.3 pp | Sep 2023 −2.3 pp | Dec 2023 −0.9 pp | Mar 2024 — | Jun 2024 −1.2 pp | Sep 2024 +2.3 pp | Dec 2024 +0.2 pp | Mar 2025 +2.0 pp | Jun 2025 +1.2 pp | Sep 2025 −0.1 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 0.0 pp - OLED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.5 pp | Sep 2022 +2.4 pp | Dec 2022 +10.6 pp | Mar 2023 −6.6 pp | Jun 2023 +1.0 pp | Sep 2023 −8.3 pp | Dec 2023 −8.3 pp | Mar 2024 +3.2 pp | Jun 2024 −4.4 pp | Sep 2024 +7.2 pp | Dec 2024 −8.6 pp | Mar 2025 +3.9 pp | Jun 2025 +4.3 pp | Sep 2025 −10.6 pp | Dec 2025 +6.6 pp | Mar 2026 −11.8 pp | Jun 2026 — - OSIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.5 pp | Sep 2022 −2.0 pp | Dec 2022 −1.9 pp | Mar 2023 +1.5 pp | Jun 2023 +2.2 pp | Sep 2023 +1.3 pp | Dec 2023 +4.1 pp | Mar 2024 +1.4 pp | Jun 2024 −0.8 pp | Sep 2024 +0.7 pp | Dec 2024 +1.1 pp | Mar 2025 0.0 pp | Jun 2025 +1.4 pp | Sep 2025 −0.2 pp | Dec 2025 −1.1 pp | Mar 2026 −1.0 pp | Jun 2026 — - KN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −125.3 pp | Sep 2022 −23.0 pp | Dec 2022 −239.5 pp | Mar 2023 −11.3 pp | Jun 2023 +121.1 pp | Sep 2023 +18.7 pp | Dec 2023 +230.3 pp | Mar 2024 +4.5 pp | Jun 2024 +2.4 pp | Sep 2024 +2.6 pp | Dec 2024 +2.7 pp | Mar 2025 −0.8 pp | Jun 2025 −1.8 pp | Sep 2025 +3.8 pp | Dec 2025 +5.1 pp | Mar 2026 +7.4 pp | Jun 2026 — - BELFA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.0 pp | Sep 2022 +5.1 pp | Dec 2022 +3.1 pp | Mar 2023 +5.5 pp | Jun 2023 +2.1 pp | Sep 2023 +4.7 pp | Dec 2023 +1.0 pp | Mar 2024 +2.5 pp | Jun 2024 +5.1 pp | Sep 2024 −6.0 pp | Dec 2024 −3.3 pp | Mar 2025 +2.5 pp | Jun 2025 −4.1 pp | Sep 2025 +5.8 pp | Dec 2025 +6.2 pp | Mar 2026 −3.1 pp | Jun 2026 — - BHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.1 pp | Sep 2022 +1.2 pp | Dec 2022 +0.7 pp | Mar 2023 +0.9 pp | Jun 2023 +0.2 pp | Sep 2023 +0.9 pp | Dec 2023 +1.0 pp | Mar 2024 +0.5 pp | Jun 2024 +0.8 pp | Sep 2024 +0.1 pp | Dec 2024 −0.3 pp | Mar 2025 −1.9 pp | Jun 2025 −0.9 pp | Sep 2025 −0.8 pp | Dec 2025 −1.4 pp | Mar 2026 +1.3 pp | Jun 2026 — - OUST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −30.7 pp | Sep 2022 +30.6 pp | Dec 2022 — | Mar 2023 −628.4 pp | Jun 2023 −313.0 pp | Sep 2023 +160.8 pp | Dec 2023 +231.4 pp | Mar 2024 +928.4 pp | Jun 2024 +540.7 pp | Sep 2024 +62.9 pp | Dec 2024 +67.5 pp | Mar 2025 +26.5 pp | Jun 2025 +17.1 pp | Sep 2025 +36.6 pp | Dec 2025 +86.6 pp | Mar 2026 +33.5 pp | Jun 2026 — - ROG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −5.9 pp | Sep 2022 −6.7 pp | Dec 2022 +32.4 pp | Mar 2023 −8.1 pp | Jun 2023 +2.8 pp | Sep 2023 +4.4 pp | Dec 2023 −22.0 pp | Mar 2024 +5.6 pp | Jun 2024 −6.8 pp | Sep 2024 −5.0 pp | Dec 2024 −21.5 pp | Mar 2025 −5.7 pp | Jun 2025 −38.6 pp | Sep 2025 +0.4 pp | Dec 2025 +10.1 pp | Mar 2026 +5.5 pp | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.3 pp | Sep 2022 −0.6 pp | Dec 2022 +1.3 pp | Mar 2023 −2.4 pp | Jun 2023 −2.9 pp | Sep 2023 −1.4 pp | Dec 2023 −2.2 pp | Mar 2024 −3.6 pp | Jun 2024 +0.9 pp | Sep 2024 +2.3 pp | Dec 2024 +1.2 pp | Mar 2025 +1.3 pp | Jun 2025 +3.2 pp | Sep 2025 −1.2 pp | Dec 2025 +2.3 pp | Mar 2026 +2.9 pp | Jun 2026 — - ALNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.5 pp | Sep 2022 +0.3 pp | Dec 2022 +2.1 pp | Mar 2023 +4.1 pp | Jun 2023 +2.1 pp | Sep 2023 −0.5 pp | Dec 2023 −1.2 pp | Mar 2024 +0.4 pp | Jun 2024 −4.6 pp | Sep 2024 −2.9 pp | Dec 2024 +0.3 pp | Mar 2025 −1.6 pp | Jun 2025 +4.8 pp | Sep 2025 +3.5 pp | Dec 2025 +2.6 pp | Mar 2026 +0.1 pp | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.1 pp | Dec 2022 −1.9 pp | Mar 2023 +7.9 pp | Jun 2023 +8.9 pp | Sep 2023 +20.5 pp | Dec 2023 +8.9 pp | Mar 2024 +0.9 pp | Jun 2024 +0.3 pp | Sep 2024 −7.3 pp | Dec 2024 −2.1 pp | Mar 2025 −7.1 pp | Jun 2025 −10.0 pp | Sep 2025 +0.6 pp | Dec 2025 +1.8 pp | Mar 2026 +3.5 pp | Jun 2026 +7.8 pp - LYTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +4.5 pp | Sep 2022 +3.7 pp | Dec 2022 +3.0 pp | Mar 2023 +1.9 pp | Jun 2023 +2.7 pp | Sep 2023 +1.0 pp | Dec 2023 +0.2 pp | Mar 2024 +0.5 pp | Jun 2024 −1.3 pp | Sep 2024 −2.3 pp | Dec 2024 −1.5 pp | Mar 2025 −2.4 pp | Jun 2025 +0.7 pp | Sep 2025 +0.4 pp | Dec 2025 +0.3 pp | Mar 2026 −2.0 pp | Jun 2026 — - LPTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +24.1 pp | Sep 2022 −12.3 pp | Dec 2022 +4.0 pp | Mar 2023 −7.5 pp | Jun 2023 +0.5 pp | Sep 2023 +1.3 pp | Dec 2023 −17.8 pp | Mar 2024 −20.6 pp | Jun 2024 −17.3 pp | Sep 2024 −0.9 pp | Dec 2024 −9.1 pp | Mar 2025 −4.1 pp | Jun 2025 −11.3 pp | Sep 2025 −0.2 pp | Dec 2025 −19.1 pp | Mar 2026 +15.5 pp | Jun 2026 — - KOPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −6.3 pp | Sep 2022 −15.5 pp | Dec 2022 −23.7 pp | Mar 2023 — | Jun 2023 +19.6 pp | Sep 2023 −11.9 pp | Dec 2023 −28.0 pp | Mar 2024 — | Jun 2024 −17.9 pp | Sep 2024 +25.2 pp | Dec 2024 +64.0 pp | Mar 2025 +288.3 pp | Jun 2025 −20.4 pp | Sep 2025 +58.9 pp | Dec 2025 −44.9 pp | Mar 2026 −19.6 pp | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.1 pp | Dec 2022 −0.8 pp | Mar 2023 −0.5 pp | Jun 2023 −2.3 pp | Sep 2023 −6.4 pp | Dec 2023 −28.2 pp | Mar 2024 −10.9 pp | Jun 2024 −25.0 pp | Sep 2024 −4.2 pp | Dec 2024 +21.0 pp | Mar 2025 +0.3 pp | Jun 2025 +13.0 pp | Sep 2025 +3.4 pp | Dec 2025 −2.0 pp | Mar 2026 −1.7 pp | Jun 2026 +12.9 pp - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.9 pp | Dec 2022 +6.6 pp | Mar 2023 −2.5 pp | Jun 2023 +6.9 pp | Sep 2023 +11.2 pp | Dec 2023 −10.1 pp | Mar 2024 +7.9 pp | Jun 2024 +2.4 pp | Sep 2024 +3.4 pp | Dec 2024 +20.7 pp | Mar 2025 −0.2 pp | Jun 2025 −3.9 pp | Sep 2025 −4.1 pp | Dec 2025 +7.2 pp | Mar 2026 +2.0 pp | Jun 2026 — - RELL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +3.4 pp | Sep 2022 +7.7 pp | Dec 2022 +2.5 pp | Mar 2023 +4.2 pp | Jun 2023 −5.7 pp | Sep 2023 −10.2 pp | Dec 2023 −15.3 pp | Mar 2024 −8.9 pp | Jun 2024 −2.6 pp | Sep 2024 −2.2 pp | Dec 2024 +3.0 pp | Mar 2025 +2.1 pp | Jun 2025 +1.8 pp | Sep 2025 +1.2 pp | Dec 2025 +1.7 pp | Mar 2026 −1.3 pp | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −25.3 pp | Jun 2024 −7.7 pp | Sep 2024 −6.6 pp | Dec 2024 −20.2 pp | Mar 2025 +30.0 pp | Jun 2025 −4.5 pp | Sep 2025 −18.9 pp | Dec 2025 +23.8 pp | Mar 2026 −19.4 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Amphenol Corporation leads with $4,504 million of TTM profit, 129.2% above Corning Incorporated. Allient Inc. shows ≥100% on the scoring scale (130% uncapped) growth from a $23 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Amphenol Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Amphenol Corporation · $4,504 million | 129.2% versus #2 · Corning Incorporated | 8/8 recent comparable periods | 24/30 companies · 553 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Amphenol Corporation (APH): ₹4.5K Cr 2. Corning Incorporated (GLW): ₹2.0K Cr 3. Celestica Inc. (CLS): ₹959 Cr 4. Flex Ltd. (FLEX): ₹880 Cr 5. Jabil Inc. (JBL): ₹861 Cr ### Profit growth — fastest growers 1. Allient Inc. (ALNT): 100% 2. Celestica Inc. (CLS): 100% 3. Corning Incorporated (GLW): 100% 4. TTM Technologies, Inc. (TTMI): 85% 5. Amphenol Corporation (APH): 71% ### 20-quarter Net profit history - APH: Sep 2021 ₹422 Cr | Dec 2021 ₹458 Cr | Mar 2022 ₹429 Cr | Jun 2022 ₹476 Cr | Sep 2022 ₹501 Cr | Dec 2022 ₹511 Cr | Mar 2023 ₹443 Cr | Jun 2023 ₹465 Cr | Sep 2023 ₹518 Cr | Dec 2023 ₹519 Cr | Mar 2024 ₹552 Cr | Jun 2024 ₹529 Cr | Sep 2024 ₹609 Cr | Dec 2024 ₹752 Cr | Mar 2025 ₹744 Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹943 Cr | Jun 2026 — - GLW: Sep 2021 ₹384 Cr | Dec 2021 ₹496 Cr | Mar 2022 ₹603 Cr | Jun 2022 ₹584 Cr | Sep 2022 ₹226 Cr | Dec 2022 ₹-27 Cr | Mar 2023 ₹191 Cr | Jun 2023 ₹303 Cr | Sep 2023 ₹182 Cr | Dec 2023 ₹-28 Cr | Mar 2024 ₹225 Cr | Jun 2024 ₹122 Cr | Sep 2024 ₹-95 Cr | Dec 2024 ₹340 Cr | Mar 2025 ₹185 Cr | Jun 2025 ₹500 Cr | Sep 2025 ₹470 Cr | Dec 2025 ₹587 Cr | Mar 2026 ₹408 Cr | Jun 2026 — - TEL: Sep 2021 ₹794 Cr | Dec 2021 ₹567 Cr | Mar 2022 ₹560 Cr | Jun 2022 ₹592 Cr | Sep 2022 ₹708 Cr | Dec 2022 ₹398 Cr | Mar 2023 ₹425 Cr | Jun 2023 ₹528 Cr | Sep 2023 ₹553 Cr | Dec 2023 ₹1.8K Cr | Mar 2024 ₹541 Cr | Jun 2024 ₹573 Cr | Sep 2024 ₹276 Cr | Dec 2024 ₹528 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹638 Cr | Sep 2025 ₹664 Cr | Dec 2025 ₹751 Cr | Mar 2026 ₹855 Cr | Jun 2026 — - FLEX: Sep 2021 ₹206 Cr | Dec 2021 ₹336 Cr | Mar 2022 ₹172 Cr | Jun 2022 — | Sep 2022 ₹195 Cr | Dec 2022 ₹237 Cr | Mar 2023 ₹363 Cr | Jun 2023 ₹147 Cr | Sep 2023 ₹201 Cr | Dec 2023 ₹129 Cr | Mar 2024 ₹395 Cr | Jun 2024 ₹139 Cr | Sep 2024 ₹214 Cr | Dec 2024 ₹263 Cr | Mar 2025 ₹222 Cr | Jun 2025 ₹192 Cr | Sep 2025 ₹199 Cr | Dec 2025 ₹239 Cr | Mar 2026 ₹250 Cr | Jun 2026 — - CLS: Sep 2021 ₹35 Cr | Dec 2021 ₹32 Cr | Mar 2022 ₹22 Cr | Jun 2022 ₹36 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹42 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹57 Cr | Sep 2023 ₹75 Cr | Dec 2023 ₹92 Cr | Mar 2024 ₹92 Cr | Jun 2024 ₹95 Cr | Sep 2024 ₹90 Cr | Dec 2024 ₹135 Cr | Mar 2025 ₹86 Cr | Jun 2025 ₹211 Cr | Sep 2025 ₹268 Cr | Dec 2025 ₹268 Cr | Mar 2026 ₹212 Cr | Jun 2026 — - JBL: Sep 2021 ₹175 Cr | Dec 2021 ₹241 Cr | Mar 2022 ₹222 Cr | Jun 2022 ₹218 Cr | Sep 2022 ₹315 Cr | Dec 2022 ₹223 Cr | Mar 2023 ₹207 Cr | Jun 2023 ₹233 Cr | Sep 2023 ₹155 Cr | Dec 2023 ₹194 Cr | Mar 2024 ₹927 Cr | Jun 2024 ₹129 Cr | Sep 2024 ₹138 Cr | Dec 2024 ₹100 Cr | Mar 2025 ₹117 Cr | Jun 2025 ₹222 Cr | Sep 2025 ₹218 Cr | Dec 2025 ₹146 Cr | Mar 2026 ₹222 Cr | Jun 2026 ₹275 Cr - FN: Sep 2021 ₹45 Cr | Dec 2021 ₹49 Cr | Mar 2022 ₹51 Cr | Jun 2022 ₹56 Cr | Sep 2022 ₹65 Cr | Dec 2022 ₹63 Cr | Mar 2023 ₹59 Cr | Jun 2023 ₹61 Cr | Sep 2023 ₹65 Cr | Dec 2023 ₹69 Cr | Mar 2024 ₹81 Cr | Jun 2024 ₹81 Cr | Sep 2024 ₹77 Cr | Dec 2024 ₹87 Cr | Mar 2025 ₹81 Cr | Jun 2025 ₹87 Cr | Sep 2025 ₹96 Cr | Dec 2025 ₹113 Cr | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 ₹21 Cr | Dec 2021 — | Mar 2022 ₹13 Cr | Jun 2022 ₹17 Cr | Sep 2022 ₹28 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹-46 Cr | Jun 2023 ₹-6 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹-37 Cr | Mar 2024 ₹17 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹32 Cr | Jun 2025 ₹42 Cr | Sep 2025 ₹53 Cr | Dec 2025 ₹51 Cr | Mar 2026 ₹50 Cr | Jun 2026 — - LFUS: Sep 2021 ₹92 Cr | Dec 2021 — | Mar 2022 ₹52 Cr | Jun 2022 ₹118 Cr | Sep 2022 ₹87 Cr | Dec 2022 ₹75 Cr | Mar 2023 — | Jun 2023 ₹89 Cr | Sep 2023 ₹70 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹48 Cr | Jun 2024 ₹45 Cr | Sep 2024 ₹58 Cr | Dec 2024 ₹-52 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹57 Cr | Sep 2025 ₹70 Cr | Dec 2025 ₹-242 Cr | Mar 2026 ₹75 Cr | Jun 2026 — - SANM: Sep 2021 ₹117 Cr | Dec 2021 ₹57 Cr | Mar 2022 ₹56 Cr | Jun 2022 ₹49 Cr | Sep 2022 ₹77 Cr | Dec 2022 ₹58 Cr | Mar 2023 — | Jun 2023 ₹85 Cr | Sep 2023 ₹82 Cr | Dec 2023 ₹60 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹55 Cr | Sep 2024 ₹67 Cr | Dec 2024 ₹71 Cr | Mar 2025 ₹71 Cr | Jun 2025 ₹73 Cr | Sep 2025 ₹52 Cr | Dec 2025 ₹52 Cr | Mar 2026 ₹98 Cr | Jun 2026 — - VICR: Sep 2021 ₹13 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹11 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹11 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹17 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹-14 Cr | Jun 2024 ₹-1 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹41 Cr | Sep 2025 ₹28 Cr | Dec 2025 ₹47 Cr | Mar 2026 ₹21 Cr | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹116 Cr | Jun 2024 ₹65 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹83 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹48 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹-1.4K Cr | Mar 2026 — | Jun 2026 ₹44 Cr - PLXS: Sep 2021 ₹28 Cr | Dec 2021 ₹33 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹50 Cr | Mar 2023 — | Jun 2023 ₹41 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹25 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹39 Cr | Jun 2025 ₹45 Cr | Sep 2025 ₹51 Cr | Dec 2025 — | Mar 2026 ₹41 Cr | Jun 2026 ₹50 Cr - OLED: Sep 2021 ₹46 Cr | Dec 2021 ₹46 Cr | Mar 2022 ₹50 Cr | Jun 2022 ₹42 Cr | Sep 2022 ₹53 Cr | Dec 2022 ₹65 Cr | Mar 2023 ₹40 Cr | Jun 2023 ₹50 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹62 Cr | Mar 2024 ₹57 Cr | Jun 2024 ₹52 Cr | Sep 2024 ₹67 Cr | Dec 2024 ₹46 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹67 Cr | Sep 2025 ₹44 Cr | Dec 2025 ₹66 Cr | Mar 2026 ₹36 Cr | Jun 2026 — - OSIS: Sep 2021 ₹19 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹43 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹11 Cr | Dec 2022 ₹16 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹39 Cr | Mar 2024 ₹34 Cr | Jun 2024 ₹45 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹41 Cr | Jun 2025 ₹53 Cr | Sep 2025 ₹21 Cr | Dec 2025 ₹39 Cr | Mar 2026 ₹40 Cr | Jun 2026 — - KN: Sep 2021 ₹28 Cr | Dec 2021 ₹93 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹-243 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹-440 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹27 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹26 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - BELFA: Sep 2021 ₹5 Cr | Dec 2021 ₹8 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹17 Cr | Sep 2022 ₹13 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹15 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹15 Cr | Jun 2026 — - BHE: Sep 2021 ₹8 Cr | Dec 2021 ₹12 Cr | Mar 2022 ₹11 Cr | Jun 2022 ₹17 Cr | Sep 2022 ₹19 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹18 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹13 Cr | Jun 2026 — - OUST: Sep 2021 ₹-13 Cr | Dec 2021 ₹-28 Cr | Mar 2022 ₹-32 Cr | Jun 2022 ₹-28 Cr | Sep 2022 ₹-36 Cr | Dec 2022 ₹-42 Cr | Mar 2023 ₹-177 Cr | Jun 2023 ₹-123 Cr | Sep 2023 ₹-35 Cr | Dec 2023 ₹-39 Cr | Mar 2024 ₹-24 Cr | Jun 2024 ₹-24 Cr | Sep 2024 ₹-26 Cr | Dec 2024 ₹-24 Cr | Mar 2025 ₹-22 Cr | Jun 2025 ₹-21 Cr | Sep 2025 ₹-22 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹-17 Cr | Jun 2026 — - ROG: Sep 2021 ₹25 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹18 Cr | Sep 2022 ₹15 Cr | Dec 2022 ₹67 Cr | Mar 2023 ₹-4 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹23 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹-74 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹5 Cr | Jun 2026 — - CTS: Sep 2021 ₹-64 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹20 Cr | Jun 2022 ₹13 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹18 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - ALNT: Sep 2021 ₹6 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹5 Cr | Jun 2026 — - DAKT: Sep 2021 ₹4 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹-4 Cr | Jun 2022 ₹-1 Cr | Sep 2022 ₹-5 Cr | Dec 2022 ₹-13 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹-5 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹-17 Cr | Jun 2025 ₹-9 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹3 Cr | Jun 2026 ₹8 Cr - LYTS: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹2 Cr | Jun 2026 — - LPTH: Sep 2021 ₹-1 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹-1 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹-1 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-3 Cr | Jun 2024 ₹-2 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹-3 Cr | Mar 2025 ₹-4 Cr | Jun 2025 ₹-7 Cr | Sep 2025 ₹-3 Cr | Dec 2025 ₹-9 Cr | Mar 2026 ₹-4 Cr | Jun 2026 — - KOPN: Sep 2021 ₹-2 Cr | Dec 2021 ₹-3 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹-6 Cr | Sep 2022 ₹-6 Cr | Dec 2022 ₹-6 Cr | Mar 2023 — | Jun 2023 ₹-3 Cr | Sep 2023 ₹-8 Cr | Dec 2023 ₹-6 Cr | Mar 2024 ₹-33 Cr | Jun 2024 ₹-6 Cr | Sep 2024 ₹-3 Cr | Dec 2024 ₹-2 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹-5 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹-4 Cr | Jun 2026 — - MEI: Sep 2021 ₹29 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹29 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹22 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹20 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-55 Cr | Mar 2024 ₹-12 Cr | Jun 2024 ₹-57 Cr | Sep 2024 ₹-18 Cr | Dec 2024 ₹-2 Cr | Mar 2025 ₹-14 Cr | Jun 2025 ₹-28 Cr | Sep 2025 ₹-10 Cr | Dec 2025 ₹-10 Cr | Mar 2026 ₹-16 Cr | Jun 2026 ₹0 Cr - MPTI: Sep 2021 ₹1 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹2 Cr | Jun 2026 — - RELL: Sep 2021 ₹3 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-2 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹-2 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹-1 Cr | Jun 2026 — ### 20-quarter Profit growth history - APH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 19% | Dec 2022 12% | Mar 2023 3.3% | Jun 2023 -2.3% | Sep 2023 3.4% | Dec 2023 1.6% | Mar 2024 25% | Jun 2024 14% | Sep 2024 18% | Dec 2024 45% | Mar 2025 35% | Jun 2025 108% | Sep 2025 106% | Dec 2025 60% | Mar 2026 27% | Jun 2026 — - GLW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 -41% | Dec 2022 -105% | Mar 2023 -68% | Jun 2023 -48% | Sep 2023 -19% | Dec 2023 — | Mar 2024 18% | Jun 2024 -60% | Sep 2024 -152% | Dec 2024 — | Mar 2025 -18% | Jun 2025 310% | Sep 2025 — | Dec 2025 73% | Mar 2026 121% | Jun 2026 — - TEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.9% | Sep 2022 -11% | Dec 2022 -30% | Mar 2023 -24% | Jun 2023 -11% | Sep 2023 -22% | Dec 2023 353% | Mar 2024 27% | Jun 2024 8.5% | Sep 2024 -50% | Dec 2024 -71% | Mar 2025 -98% | Jun 2025 11% | Sep 2025 141% | Dec 2025 42% | Mar 2026 6,477% | Jun 2026 — - FLEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -5.3% | Dec 2022 -29% | Mar 2023 111% | Jun 2023 — | Sep 2023 3.1% | Dec 2023 -46% | Mar 2024 8.8% | Jun 2024 -5.4% | Sep 2024 6.5% | Dec 2024 104% | Mar 2025 -44% | Jun 2025 38% | Sep 2025 -7.0% | Dec 2025 -9.1% | Mar 2026 13% | Jun 2026 — - CLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 38% | Sep 2022 31% | Dec 2022 31% | Mar 2023 -4.6% | Jun 2023 58% | Sep 2023 63% | Dec 2023 119% | Mar 2024 338% | Jun 2024 67% | Sep 2024 20% | Dec 2024 47% | Mar 2025 -6.5% | Jun 2025 122% | Sep 2025 198% | Dec 2025 99% | Mar 2026 147% | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 80% | Dec 2022 -7.5% | Mar 2023 -6.8% | Jun 2023 6.9% | Sep 2023 -51% | Dec 2023 -13% | Mar 2024 348% | Jun 2024 -45% | Sep 2024 -11% | Dec 2024 -48% | Mar 2025 -87% | Jun 2025 72% | Sep 2025 58% | Dec 2025 46% | Mar 2026 90% | Jun 2026 24% - FN: Sep 2021 — | Dec 2021 — | Mar 2022 38% | Jun 2022 33% | Sep 2022 44% | Dec 2022 29% | Mar 2023 16% | Jun 2023 8.9% | Sep 2023 0.0% | Dec 2023 9.5% | Mar 2024 37% | Jun 2024 33% | Sep 2024 18% | Dec 2024 26% | Mar 2025 0.0% | Jun 2025 7.4% | Sep 2025 25% | Dec 2025 30% | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -39% | Sep 2022 33% | Dec 2022 — | Mar 2023 -454% | Jun 2023 -135% | Sep 2023 -75% | Dec 2023 -184% | Mar 2024 — | Jun 2024 — | Sep 2024 271% | Dec 2024 — | Mar 2025 88% | Jun 2025 320% | Sep 2025 104% | Dec 2025 34% | Mar 2026 56% | Jun 2026 — - LFUS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 44% | Sep 2022 -5.4% | Dec 2022 — | Mar 2023 — | Jun 2023 -25% | Sep 2023 -20% | Dec 2023 -43% | Mar 2024 — | Jun 2024 -49% | Sep 2024 -17% | Dec 2024 -221% | Mar 2025 -8.3% | Jun 2025 27% | Sep 2025 21% | Dec 2025 — | Mar 2026 70% | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -34% | Dec 2022 1.8% | Mar 2023 — | Jun 2023 73% | Sep 2023 6.5% | Dec 2023 3.5% | Mar 2024 — | Jun 2024 -35% | Sep 2024 -18% | Dec 2024 18% | Mar 2025 29% | Jun 2025 33% | Sep 2025 -22% | Dec 2025 -27% | Mar 2026 38% | Jun 2026 — - VICR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -42% | Sep 2022 -85% | Dec 2022 -11% | Mar 2023 120% | Jun 2023 55% | Sep 2023 750% | Dec 2023 13% | Mar 2024 -227% | Jun 2024 -106% | Sep 2024 -29% | Dec 2024 11% | Mar 2025 — | Jun 2025 — | Sep 2025 133% | Dec 2025 370% | Mar 2026 600% | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -45% | Jun 2025 -26% | Sep 2025 -56% | Dec 2025 -1,755% | Mar 2026 — | Jun 2026 -8.3% - PLXS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 32% | Dec 2022 52% | Mar 2023 — | Jun 2023 52% | Sep 2023 -57% | Dec 2023 -42% | Mar 2024 — | Jun 2024 -39% | Sep 2024 156% | Dec 2024 28% | Mar 2025 144% | Jun 2025 80% | Sep 2025 24% | Dec 2025 — | Mar 2026 5.1% | Jun 2026 11% - OLED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.4% | Sep 2022 15% | Dec 2022 41% | Mar 2023 -20% | Jun 2023 19% | Sep 2023 -1.9% | Dec 2023 -4.6% | Mar 2024 43% | Jun 2024 4.0% | Sep 2024 29% | Dec 2024 -26% | Mar 2025 12% | Jun 2025 29% | Sep 2025 -34% | Dec 2025 43% | Mar 2026 -44% | Jun 2026 — - OSIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 31% | Sep 2022 -42% | Dec 2022 -20% | Mar 2023 -49% | Jun 2023 24% | Sep 2023 18% | Dec 2023 144% | Mar 2024 55% | Jun 2024 7.1% | Sep 2024 38% | Dec 2024 -2.6% | Mar 2025 21% | Jun 2025 18% | Sep 2025 17% | Dec 2025 2.6% | Mar 2026 -2.4% | Jun 2026 — - KN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1,529% | Sep 2022 -89% | Dec 2022 -573% | Mar 2023 -128% | Jun 2023 — | Sep 2023 400% | Dec 2023 — | Mar 2024 — | Jun 2024 -44% | Sep 2024 -40% | Dec 2024 -63% | Mar 2025 — | Jun 2025 60% | Sep 2025 100% | Dec 2025 160% | Mar 2026 — | Jun 2026 — - BELFA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 113% | Sep 2022 160% | Dec 2022 75% | Mar 2023 200% | Jun 2023 18% | Sep 2023 46% | Dec 2023 0.0% | Mar 2024 6.7% | Jun 2024 -5.0% | Sep 2024 -58% | Dec 2024 -50% | Mar 2025 13% | Jun 2025 0.0% | Sep 2025 138% | Dec 2025 186% | Mar 2026 -17% | Jun 2026 — - BHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 143% | Sep 2022 138% | Dec 2022 75% | Mar 2023 9.1% | Jun 2023 -18% | Sep 2023 5.3% | Dec 2023 -14% | Mar 2024 17% | Jun 2024 14% | Sep 2024 -25% | Dec 2024 0.0% | Mar 2025 -71% | Jun 2025 -94% | Sep 2025 -6.7% | Dec 2025 -67% | Mar 2026 225% | Jun 2026 — - ROG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -38% | Sep 2022 -40% | Dec 2022 191% | Mar 2023 -124% | Jun 2023 0.0% | Sep 2023 27% | Dec 2023 -66% | Mar 2024 — | Jun 2024 -56% | Sep 2024 -42% | Dec 2024 -104% | Mar 2025 -113% | Jun 2025 -1,025% | Sep 2025 -18% | Dec 2025 — | Mar 2026 — | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1,200% | Sep 2022 — | Dec 2022 67% | Mar 2023 -10% | Jun 2023 0.0% | Sep 2023 17% | Dec 2023 0.0% | Mar 2024 -39% | Jun 2024 15% | Sep 2024 29% | Dec 2024 -6.7% | Mar 2025 18% | Jun 2025 27% | Sep 2025 -22% | Dec 2025 43% | Mar 2026 31% | Jun 2026 — - ALNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 17% | Dec 2022 100% | Mar 2023 100% | Jun 2023 40% | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 17% | Jun 2024 -86% | Sep 2024 -71% | Dec 2024 -25% | Mar 2025 -43% | Jun 2025 500% | Sep 2025 200% | Dec 2025 100% | Mar 2026 25% | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -225% | Dec 2022 -750% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 175% | Jun 2024 -86% | Sep 2024 -126% | Dec 2024 950% | Mar 2025 -255% | Jun 2025 -400% | Sep 2025 — | Dec 2025 -19% | Mar 2026 — | Jun 2026 — - LYTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 100% | Dec 2022 100% | Mar 2023 25% | Jun 2023 60% | Sep 2023 33% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 -25% | Sep 2024 -13% | Dec 2024 0.0% | Mar 2025 -20% | Jun 2025 100% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 -50% | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -24% | Dec 2022 0.0% | Mar 2023 -31% | Jun 2023 -50% | Sep 2023 -95% | Dec 2023 -296% | Mar 2024 -160% | Jun 2024 -813% | Sep 2024 -1,900% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 — | Mar 2023 0.0% | Jun 2023 — | Sep 2023 100% | Dec 2023 — | Mar 2024 0.0% | Jun 2024 100% | Sep 2024 0.0% | Dec 2024 — | Mar 2025 100% | Jun 2025 0.0% | Sep 2025 0.0% | Dec 2025 50% | Mar 2026 0.0% | Jun 2026 — - RELL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 300% | Sep 2022 100% | Dec 2022 50% | Mar 2023 100% | Jun 2023 -50% | Sep 2023 -83% | Dec 2023 -133% | Mar 2024 -83% | Jun 2024 -100% | Sep 2024 0.0% | Dec 2024 — | Mar 2025 -300% | Jun 2025 — | Sep 2025 100% | Dec 2025 — | Mar 2026 — | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.0% | Mar 2024 — | Jun 2024 -100% | Sep 2024 — | Dec 2024 -300% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ## Capacity Spending & Returns On It What the numbers say: Corning Incorporated reports $332 million of CAPEX; TTM Technologies, Inc. has the highest covered intensity at 12.6%. Coverage is only 30 of 30 companies and 546 reported observations, so this is partial evidence—not a complete sector rank. Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation. This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns. Evidence: Corning Incorporated · $332 million | 9.2% versus #2 · TE Connectivity plc | 8/8 recent comparable periods | 30/30 companies · 546 observations Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns. ### CAPEX — largest spenders 1. Corning Incorporated (GLW): ₹332 Cr 2. TE Connectivity plc (TEL): ₹304 Cr 3. Amphenol Corporation (APH): ₹292 Cr 4. Celestica Inc. (CLS): ₹230 Cr 5. Flex Ltd. (FLEX): ₹202 Cr ### CAPEX intensity — highest reinvestment intensity 1. TTM Technologies, Inc. (TTMI): 13% 2. Vicor Corporation (VICR): 11% 3. Kopin Corporation (KOPN): 9.1% 4. Corning Incorporated (GLW): 8.0% 5. Knowles Corporation (KN): 7.2% ### 20-quarter CAPEX history - APH: Sep 2021 ₹91 Cr | Dec 2021 ₹86 Cr | Mar 2022 ₹78 Cr | Jun 2022 ₹91 Cr | Sep 2022 ₹121 Cr | Dec 2022 ₹94 Cr | Mar 2023 ₹98 Cr | Jun 2023 ₹95 Cr | Sep 2023 ₹75 Cr | Dec 2023 ₹105 Cr | Mar 2024 ₹94 Cr | Jun 2024 ₹141 Cr | Sep 2024 ₹230 Cr | Dec 2024 ₹200 Cr | Mar 2025 ₹189 Cr | Jun 2025 ₹297 Cr | Sep 2025 ₹257 Cr | Dec 2025 ₹254 Cr | Mar 2026 ₹292 Cr | Jun 2026 — - GLW: Sep 2021 ₹401 Cr | Dec 2021 ₹623 Cr | Mar 2022 ₹383 Cr | Jun 2022 ₹353 Cr | Sep 2022 ₹465 Cr | Dec 2022 ₹403 Cr | Mar 2023 ₹382 Cr | Jun 2023 ₹388 Cr | Sep 2023 ₹341 Cr | Dec 2023 ₹279 Cr | Mar 2024 ₹252 Cr | Jun 2024 ₹242 Cr | Sep 2024 ₹236 Cr | Dec 2024 ₹236 Cr | Mar 2025 ₹208 Cr | Jun 2025 ₹308 Cr | Sep 2025 ₹383 Cr | Dec 2025 ₹383 Cr | Mar 2026 ₹332 Cr | Jun 2026 — - TEL: Sep 2021 ₹236 Cr | Dec 2021 ₹172 Cr | Mar 2022 ₹179 Cr | Jun 2022 ₹205 Cr | Sep 2022 ₹212 Cr | Dec 2022 ₹183 Cr | Mar 2023 ₹189 Cr | Jun 2023 ₹166 Cr | Sep 2023 ₹194 Cr | Dec 2023 ₹151 Cr | Mar 2024 ₹167 Cr | Jun 2024 ₹149 Cr | Sep 2024 ₹213 Cr | Dec 2024 ₹205 Cr | Mar 2025 ₹230 Cr | Jun 2025 ₹230 Cr | Sep 2025 ₹271 Cr | Dec 2025 ₹258 Cr | Mar 2026 ₹270 Cr | Jun 2026 ₹304 Cr - FLEX: Sep 2021 ₹115 Cr | Dec 2021 ₹90 Cr | Mar 2022 ₹108 Cr | Jun 2022 — | Sep 2022 ₹91 Cr | Dec 2022 ₹157 Cr | Mar 2023 ₹180 Cr | Jun 2023 ₹156 Cr | Sep 2023 ₹144 Cr | Dec 2023 ₹128 Cr | Mar 2024 ₹77 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹103 Cr | Dec 2024 ₹112 Cr | Mar 2025 ₹112 Cr | Jun 2025 ₹133 Cr | Sep 2025 ₹150 Cr | Dec 2025 ₹148 Cr | Mar 2026 ₹202 Cr | Jun 2026 — - CLS: Sep 2021 ₹16 Cr | Dec 2021 ₹14 Cr | Mar 2022 ₹16 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹39 Cr | Dec 2022 ₹32 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹32 Cr | Sep 2023 ₹27 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹37 Cr | Sep 2024 ₹46 Cr | Dec 2024 ₹48 Cr | Mar 2025 ₹37 Cr | Jun 2025 ₹33 Cr | Sep 2025 ₹37 Cr | Dec 2025 ₹95 Cr | Mar 2026 ₹230 Cr | Jun 2026 — - JBL: Sep 2021 ₹281 Cr | Dec 2021 ₹281 Cr | Mar 2022 ₹423 Cr | Jun 2022 ₹364 Cr | Sep 2022 ₹317 Cr | Dec 2022 ₹314 Cr | Mar 2023 ₹323 Cr | Jun 2023 ₹223 Cr | Sep 2023 ₹170 Cr | Dec 2023 ₹288 Cr | Mar 2024 ₹266 Cr | Jun 2024 ₹106 Cr | Sep 2024 ₹124 Cr | Dec 2024 ₹97 Cr | Mar 2025 ₹116 Cr | Jun 2025 ₹86 Cr | Sep 2025 ₹169 Cr | Dec 2025 ₹95 Cr | Mar 2026 ₹103 Cr | Jun 2026 ₹184 Cr - FN: Sep 2021 ₹33 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹14 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹20 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹13 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹22 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹50 Cr | Sep 2025 ₹45 Cr | Dec 2025 ₹52 Cr | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 ₹17 Cr | Dec 2021 — | Mar 2022 ₹20 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹31 Cr | Sep 2023 ₹49 Cr | Dec 2023 ₹34 Cr | Mar 2024 ₹46 Cr | Jun 2024 ₹49 Cr | Sep 2024 ₹39 Cr | Dec 2024 ₹56 Cr | Mar 2025 ₹63 Cr | Jun 2025 ₹60 Cr | Sep 2025 ₹99 Cr | Dec 2025 ₹69 Cr | Mar 2026 ₹107 Cr | Jun 2026 — - LFUS: Sep 2021 ₹25 Cr | Dec 2021 — | Mar 2022 ₹33 Cr | Jun 2022 ₹30 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹22 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹23 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹26 Cr | Mar 2025 ₹23 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹14 Cr | Jun 2026 — - SANM: Sep 2021 ₹18 Cr | Dec 2021 ₹30 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹38 Cr | Dec 2022 ₹48 Cr | Mar 2023 — | Jun 2023 ₹63 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹34 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹23 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹31 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹87 Cr | Mar 2026 ₹57 Cr | Jun 2026 — - VICR: Sep 2021 ₹15 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹14 Cr | Sep 2022 ₹14 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹12 Cr | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹15 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹12 Cr | Sep 2025 — | Dec 2025 ₹10 Cr | Mar 2026 — | Jun 2026 ₹9 Cr - PLXS: Sep 2021 ₹11 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹33 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹17 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹35 Cr | Dec 2025 — | Mar 2026 ₹35 Cr | Jun 2026 ₹12 Cr - OLED: Sep 2021 ₹9 Cr | Dec 2021 ₹14 Cr | Mar 2022 ₹11 Cr | Jun 2022 ₹11 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹11 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹25 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹9 Cr | Jun 2026 — - OSIS: Sep 2021 ₹3 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹8 Cr | Jun 2026 — - KN: Sep 2021 ₹12 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹7 Cr | Jun 2022 ₹7 Cr | Sep 2022 ₹11 Cr | Dec 2022 ₹7 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹11 Cr | Jun 2026 ₹7 Cr - BELFA: Sep 2021 ₹2 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹3 Cr | Jun 2026 — - BHE: Sep 2021 ₹13 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹6 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹16 Cr | Jun 2026 — - OUST: Sep 2021 ₹1 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹3 Cr | Jun 2026 — - ROG: Sep 2021 ₹22 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹28 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹34 Cr | Dec 2022 ₹30 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹23 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹5 Cr | Jun 2026 — - CTS: Sep 2021 ₹4 Cr | Dec 2021 ₹8 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹5 Cr | Jun 2026 — - ALNT: Sep 2021 ₹4 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 — - DAKT: Sep 2021 ₹1 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹11 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹4 Cr | Jun 2026 ₹5 Cr - LYTS: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - LPTH: Sep 2021 ₹1 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - KOPN: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 — | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - MEI: Sep 2021 ₹16 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹17 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹5 Cr | Jun 2026 ₹6 Cr - MPTI: Sep 2021 — | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - RELL: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹1 Cr | Jun 2026 ₹1 Cr - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹0 Cr | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — ### 20-quarter CAPEX intensity history - APH: Sep 2021 3.2% | Dec 2021 2.8% | Mar 2022 2.6% | Jun 2022 2.9% | Sep 2022 3.7% | Dec 2022 2.9% | Mar 2023 3.3% | Jun 2023 3.1% | Sep 2023 2.3% | Dec 2023 3.2% | Mar 2024 2.9% | Jun 2024 3.9% | Sep 2024 5.7% | Dec 2024 4.6% | Mar 2025 3.9% | Jun 2025 5.3% | Sep 2025 4.1% | Dec 2025 3.9% | Mar 2026 3.8% | Jun 2026 — - GLW: Sep 2021 11% | Dec 2021 17% | Mar 2022 10% | Jun 2022 9.8% | Sep 2022 13% | Dec 2022 12% | Mar 2023 12% | Jun 2023 12% | Sep 2023 11% | Dec 2023 9.3% | Mar 2024 8.5% | Jun 2024 7.4% | Sep 2024 7.0% | Dec 2024 6.7% | Mar 2025 6.0% | Jun 2025 8.0% | Sep 2025 9.3% | Dec 2025 9.1% | Mar 2026 8.0% | Jun 2026 — - TEL: Sep 2021 6.2% | Dec 2021 4.5% | Mar 2022 4.5% | Jun 2022 5.0% | Sep 2022 4.9% | Dec 2022 4.8% | Mar 2023 4.5% | Jun 2023 4.2% | Sep 2023 4.8% | Dec 2023 3.9% | Mar 2024 4.2% | Jun 2024 3.7% | Sep 2024 5.2% | Dec 2024 5.3% | Mar 2025 5.6% | Jun 2025 5.1% | Sep 2025 5.7% | Dec 2025 5.5% | Mar 2026 5.7% | Jun 2026 — - FLEX: Sep 2021 1.8% | Dec 2021 1.4% | Mar 2022 1.6% | Jun 2022 — | Sep 2022 1.2% | Dec 2022 2.0% | Mar 2023 2.4% | Jun 2023 2.3% | Sep 2023 2.1% | Dec 2023 2.0% | Mar 2024 1.2% | Jun 2024 1.8% | Sep 2024 1.6% | Dec 2024 1.7% | Mar 2025 1.8% | Jun 2025 2.0% | Sep 2025 2.2% | Dec 2025 2.1% | Mar 2026 2.7% | Jun 2026 — - CLS: Sep 2021 1.1% | Dec 2021 0.9% | Mar 2022 1.0% | Jun 2022 1.3% | Sep 2022 2.0% | Dec 2022 1.6% | Mar 2023 1.8% | Jun 2023 1.7% | Sep 2023 1.3% | Dec 2023 1.5% | Mar 2024 1.8% | Jun 2024 1.5% | Sep 2024 1.8% | Dec 2024 1.9% | Mar 2025 1.4% | Jun 2025 1.1% | Sep 2025 1.2% | Dec 2025 2.6% | Mar 2026 5.7% | Jun 2026 — - JBL: Sep 2021 3.8% | Dec 2021 3.3% | Mar 2022 5.6% | Jun 2022 4.4% | Sep 2022 3.5% | Dec 2022 3.3% | Mar 2023 4.0% | Jun 2023 2.6% | Sep 2023 2.0% | Dec 2023 3.4% | Mar 2024 3.9% | Jun 2024 1.6% | Sep 2024 1.8% | Dec 2024 1.4% | Mar 2025 1.7% | Jun 2025 1.1% | Sep 2025 2.0% | Dec 2025 1.1% | Mar 2026 1.2% | Jun 2026 2.1% - FN: Sep 2021 6.1% | Dec 2021 3.0% | Mar 2022 4.1% | Jun 2022 2.4% | Sep 2022 1.5% | Dec 2022 1.9% | Mar 2023 3.0% | Jun 2023 2.7% | Sep 2023 1.6% | Dec 2023 1.4% | Mar 2024 1.9% | Jun 2024 1.7% | Sep 2024 2.5% | Dec 2024 2.6% | Mar 2025 3.3% | Jun 2025 5.5% | Sep 2025 4.6% | Dec 2025 4.6% | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 3.1% | Dec 2021 — | Mar 2022 3.3% | Jun 2022 4.0% | Sep 2022 4.2% | Dec 2022 3.9% | Mar 2023 4.4% | Jun 2023 5.7% | Sep 2023 9.0% | Dec 2023 5.9% | Mar 2024 8.1% | Jun 2024 8.6% | Sep 2024 6.4% | Dec 2024 8.6% | Mar 2025 9.7% | Jun 2025 8.2% | Sep 2025 13% | Dec 2025 8.9% | Mar 2026 13% | Jun 2026 — - LFUS: Sep 2021 4.6% | Dec 2021 — | Mar 2022 6.0% | Jun 2022 4.8% | Sep 2022 4.2% | Dec 2022 3.3% | Mar 2023 — | Jun 2023 4.3% | Sep 2023 2.6% | Dec 2023 4.3% | Mar 2024 3.0% | Jun 2024 3.4% | Sep 2024 2.6% | Dec 2024 4.9% | Mar 2025 4.2% | Jun 2025 1.6% | Sep 2025 2.6% | Dec 2025 3.2% | Mar 2026 2.1% | Jun 2026 — - SANM: Sep 2021 1.1% | Dec 2021 1.8% | Mar 2022 1.4% | Jun 2022 1.4% | Sep 2022 1.9% | Dec 2022 2.2% | Mar 2023 — | Jun 2023 2.7% | Sep 2023 2.4% | Dec 2023 1.8% | Mar 2024 1.6% | Jun 2024 1.3% | Sep 2024 1.1% | Dec 2024 0.8% | Mar 2025 1.6% | Jun 2025 1.8% | Sep 2025 3.0% | Dec 2025 2.7% | Mar 2026 1.4% | Jun 2026 — - VICR: Sep 2021 18% | Dec 2021 19% | Mar 2022 26% | Jun 2022 14% | Sep 2022 14% | Dec 2022 12% | Mar 2023 10% | Jun 2023 8.4% | Sep 2023 7.4% | Dec 2023 7.5% | Mar 2024 8.3% | Jun 2024 7.0% | Sep 2024 8.6% | Dec 2024 0.6% | Mar 2025 5.3% | Jun 2025 3.2% | Sep 2025 3.6% | Dec 2025 1.7% | Mar 2026 11% | Jun 2026 — - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 2.7% | Mar 2025 1.2% | Jun 2025 2.4% | Sep 2025 — | Dec 2025 1.8% | Mar 2026 — | Jun 2026 1.7% - PLXS: Sep 2021 1.4% | Dec 2021 2.7% | Mar 2022 4.0% | Jun 2022 3.5% | Sep 2022 2.1% | Dec 2022 1.5% | Mar 2023 — | Jun 2023 2.4% | Sep 2023 2.9% | Dec 2023 3.0% | Mar 2024 2.4% | Jun 2024 1.8% | Sep 2024 2.5% | Dec 2024 2.8% | Mar 2025 2.0% | Jun 2025 1.4% | Sep 2025 3.3% | Dec 2025 — | Mar 2026 3.3% | Jun 2026 1.0% - OLED: Sep 2021 6.3% | Dec 2021 9.6% | Mar 2022 7.3% | Jun 2022 8.0% | Sep 2022 6.2% | Dec 2022 6.5% | Mar 2023 6.9% | Jun 2023 12% | Sep 2023 18% | Dec 2023 5.1% | Mar 2024 4.2% | Jun 2024 5.7% | Sep 2024 8.6% | Dec 2024 8.0% | Mar 2025 7.8% | Jun 2025 8.1% | Sep 2025 9.3% | Dec 2025 9.2% | Mar 2026 6.3% | Jun 2026 — - OSIS: Sep 2021 1.1% | Dec 2021 1.4% | Mar 2022 1.0% | Jun 2022 1.5% | Sep 2022 1.1% | Dec 2022 1.4% | Mar 2023 2.0% | Jun 2023 0.7% | Sep 2023 1.8% | Dec 2023 0.6% | Mar 2024 1.2% | Jun 2024 1.7% | Sep 2024 2.3% | Dec 2024 1.2% | Mar 2025 1.1% | Jun 2025 1.2% | Sep 2025 1.8% | Dec 2025 1.5% | Mar 2026 1.8% | Jun 2026 — - KN: Sep 2021 5.2% | Dec 2021 8.5% | Mar 2022 3.5% | Jun 2022 3.7% | Sep 2022 6.2% | Dec 2022 3.6% | Mar 2023 2.8% | Jun 2023 2.3% | Sep 2023 3.7% | Dec 2023 3.6% | Mar 2024 2.3% | Jun 2024 2.2% | Sep 2024 2.8% | Dec 2024 2.1% | Mar 2025 3.0% | Jun 2025 3.4% | Sep 2025 5.2% | Dec 2025 9.3% | Mar 2026 7.2% | Jun 2026 — - BELFA: Sep 2021 1.4% | Dec 2021 3.4% | Mar 2022 1.5% | Jun 2022 1.2% | Sep 2022 1.1% | Dec 2022 1.8% | Mar 2023 2.3% | Jun 2023 1.8% | Sep 2023 1.9% | Dec 2023 1.4% | Mar 2024 2.3% | Jun 2024 0.8% | Sep 2024 3.2% | Dec 2024 4.0% | Mar 2025 2.0% | Jun 2025 2.4% | Sep 2025 1.1% | Dec 2025 1.7% | Mar 2026 1.7% | Jun 2026 — - BHE: Sep 2021 2.3% | Dec 2021 1.4% | Mar 2022 2.7% | Jun 2022 0.8% | Sep 2022 0.9% | Dec 2022 1.7% | Mar 2023 5.2% | Jun 2023 1.2% | Sep 2023 2.6% | Dec 2023 1.3% | Mar 2024 0.7% | Jun 2024 1.2% | Sep 2024 1.5% | Dec 2024 1.4% | Mar 2025 0.5% | Jun 2025 1.7% | Sep 2025 1.6% | Dec 2025 1.4% | Mar 2026 2.4% | Jun 2026 — - OUST: Sep 2021 13% | Dec 2021 — | Mar 2022 0.0% | Jun 2022 10% | Sep 2022 9.1% | Dec 2022 27% | Mar 2023 5.9% | Jun 2023 5.3% | Sep 2023 4.5% | Dec 2023 0.0% | Mar 2024 3.8% | Jun 2024 0.0% | Sep 2024 3.6% | Dec 2024 3.3% | Mar 2025 3.0% | Jun 2025 2.9% | Sep 2025 5.0% | Dec 2025 36% | Mar 2026 6.1% | Jun 2026 — - ROG: Sep 2021 9.2% | Dec 2021 12% | Mar 2022 11% | Jun 2022 9.9% | Sep 2022 14% | Dec 2022 13% | Mar 2023 6.6% | Jun 2023 5.2% | Sep 2023 3.1% | Dec 2023 11% | Mar 2024 4.2% | Jun 2024 6.5% | Sep 2024 8.1% | Dec 2024 7.8% | Mar 2025 5.2% | Jun 2025 3.9% | Sep 2025 3.7% | Dec 2025 2.5% | Mar 2026 2.5% | Jun 2026 — - CTS: Sep 2021 3.3% | Dec 2021 6.0% | Mar 2022 2.0% | Jun 2022 2.8% | Sep 2022 1.3% | Dec 2022 3.5% | Mar 2023 3.4% | Jun 2023 2.8% | Sep 2023 2.2% | Dec 2023 3.2% | Mar 2024 3.2% | Jun 2024 3.8% | Sep 2024 3.0% | Dec 2024 4.8% | Mar 2025 3.2% | Jun 2025 2.2% | Sep 2025 3.5% | Dec 2025 2.2% | Mar 2026 3.6% | Jun 2026 — - ALNT: Sep 2021 3.8% | Dec 2021 4.1% | Mar 2022 1.7% | Jun 2022 3.3% | Sep 2022 3.7% | Dec 2022 3.8% | Mar 2023 2.7% | Jun 2023 2.0% | Sep 2023 1.4% | Dec 2023 2.8% | Mar 2024 2.0% | Jun 2024 1.5% | Sep 2024 1.6% | Dec 2024 2.5% | Mar 2025 0.8% | Jun 2025 1.4% | Sep 2025 1.4% | Dec 2025 1.4% | Mar 2026 1.4% | Jun 2026 — - DAKT: Sep 2021 0.7% | Dec 2021 1.8% | Mar 2022 4.3% | Jun 2022 6.2% | Sep 2022 6.4% | Dec 2022 3.2% | Mar 2023 3.2% | Jun 2023 1.9% | Sep 2023 2.1% | Dec 2023 2.5% | Mar 2024 2.4% | Jun 2024 1.4% | Sep 2024 2.2% | Dec 2024 2.4% | Mar 2025 2.7% | Jun 2025 2.9% | Sep 2025 1.8% | Dec 2025 0.9% | Mar 2026 2.2% | Jun 2026 2.4% - LYTS: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 0.9% | Jun 2022 0.8% | Sep 2022 0.0% | Dec 2022 0.8% | Mar 2023 0.9% | Jun 2023 0.8% | Sep 2023 0.8% | Dec 2023 1.8% | Mar 2024 0.9% | Jun 2024 0.8% | Sep 2024 0.7% | Dec 2024 0.7% | Mar 2025 0.8% | Jun 2025 0.6% | Sep 2025 0.6% | Dec 2025 1.4% | Mar 2026 0.7% | Jun 2026 — - LPTH: Sep 2021 11% | Dec 2021 0.0% | Mar 2022 0.0% | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 29% | Jun 2023 10% | Sep 2023 13% | Dec 2023 14% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 8.3% | Sep 2025 0.0% | Dec 2025 6.3% | Mar 2026 5.3% | Jun 2026 — - KOPN: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 8.3% | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 0.0% | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 9.1% | Jun 2025 13% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 9.1% | Jun 2026 — - MEI: Sep 2021 5.6% | Dec 2021 1.7% | Mar 2022 2.7% | Jun 2022 2.8% | Sep 2022 3.5% | Dec 2022 2.5% | Mar 2023 4.6% | Jun 2023 3.7% | Sep 2023 4.8% | Dec 2023 3.8% | Mar 2024 6.5% | Jun 2024 3.2% | Sep 2024 5.4% | Dec 2024 3.4% | Mar 2025 3.8% | Jun 2025 3.5% | Sep 2025 2.9% | Dec 2025 1.6% | Mar 2026 2.1% | Jun 2026 2.0% - MPTI: Sep 2021 — | Dec 2021 0.0% | Mar 2022 0.0% | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 0.0% | Jun 2023 0.0% | Sep 2023 0.0% | Dec 2023 9.1% | Mar 2024 0.0% | Jun 2024 8.3% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 7.7% | Jun 2025 7.7% | Sep 2025 7.1% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — - RELL: Sep 2021 1.9% | Dec 2021 1.9% | Mar 2022 1.8% | Jun 2022 1.6% | Sep 2022 1.5% | Dec 2022 1.5% | Mar 2023 2.9% | Jun 2023 3.4% | Sep 2023 1.9% | Dec 2023 4.5% | Mar 2024 0.0% | Jun 2024 2.1% | Sep 2024 1.9% | Dec 2024 2.0% | Mar 2025 1.9% | Jun 2025 1.9% | Sep 2025 1.8% | Dec 2025 3.8% | Mar 2026 1.8% | Jun 2026 — - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.0% | Jun 2023 13% | Sep 2023 0.0% | Dec 2023 — | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 14% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — ## Debt Load & Balance-Sheet Headroom What the numbers say: Fabrinet has the clearest covered balance-sheet capacity with $956 million net cash and gross debt of $5 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information. Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt. This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods. Evidence: M-tron Industries, Inc. · $0 million | 100% versus #2 · Kopin Corporation | 8/8 recent comparable periods | 29/30 companies · 536 observations Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business. ### Gross debt — lowest gross debt 1. M-tron Industries, Inc. (MPTI): ₹0 Cr 2. Kopin Corporation (KOPN): ₹1 Cr 3. Richardson Electronics, Ltd. (RELL): ₹1 Cr 4. Fabrinet (FN): ₹5 Cr — older report 5. Vicor Corporation (VICR): ₹8 Cr ### Net debt — lowest net debt 1. Fabrinet (FN): ₹-956 Cr — older report 2. Vicor Corporation (VICR): ₹-446 Cr 3. Rogers Corporation (ROG): ₹-174 Cr 4. Ouster, Inc. (OUST): ₹-156 Cr 5. Daktronics, Inc. (DAKT): ₹-121 Cr ### 20-quarter Gross debt history - APH: Sep 2021 ₹5.2K Cr | Dec 2021 ₹4.8K Cr | Mar 2022 ₹4.9K Cr | Jun 2022 ₹4.9K Cr | Sep 2022 ₹4.8K Cr | Dec 2022 ₹4.6K Cr | Mar 2023 ₹4.6K Cr | Jun 2023 ₹4.3K Cr | Sep 2023 ₹4.3K Cr | Dec 2023 ₹4.3K Cr | Mar 2024 ₹4.3K Cr | Jun 2024 ₹5.4K Cr | Sep 2024 ₹5.5K Cr | Dec 2024 ₹6.9K Cr | Mar 2025 ₹7.2K Cr | Jun 2025 ₹8.1K Cr | Sep 2025 ₹8.1K Cr | Dec 2025 ₹15.5K Cr | Mar 2026 ₹18.7K Cr | Jun 2026 — - GLW: Sep 2021 ₹7.1K Cr | Dec 2021 ₹7.0K Cr | Mar 2022 ₹7.0K Cr | Jun 2022 ₹6.8K Cr | Sep 2022 ₹6.7K Cr | Dec 2022 ₹6.9K Cr | Mar 2023 ₹6.9K Cr | Jun 2023 ₹7.6K Cr | Sep 2023 ₹7.5K Cr | Dec 2023 ₹7.5K Cr | Mar 2024 ₹7.4K Cr | Jun 2024 ₹7.3K Cr | Sep 2024 ₹7.4K Cr | Dec 2024 ₹7.2K Cr | Mar 2025 ₹7.2K Cr | Jun 2025 ₹7.5K Cr | Sep 2025 ₹8.2K Cr | Dec 2025 ₹8.4K Cr | Mar 2026 ₹9.0K Cr | Jun 2026 — - TEL: Sep 2021 ₹4.1K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹4.1K Cr | Jun 2022 ₹4.2K Cr | Sep 2022 ₹4.2K Cr | Dec 2022 ₹4.2K Cr | Mar 2023 ₹4.2K Cr | Jun 2023 ₹4.2K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹4.2K Cr | Mar 2024 ₹4.2K Cr | Jun 2024 ₹4.2K Cr | Sep 2024 ₹4.2K Cr | Dec 2024 ₹4.2K Cr | Mar 2025 ₹5.6K Cr | Jun 2025 ₹5.7K Cr | Sep 2025 ₹5.7K Cr | Dec 2025 ₹5.7K Cr | Mar 2026 ₹5.7K Cr | Jun 2026 ₹5.6K Cr - FLEX: Sep 2021 ₹4.3K Cr | Dec 2021 ₹4.3K Cr | Mar 2022 ₹4.7K Cr | Jun 2022 — | Sep 2022 ₹4.6K Cr | Dec 2022 ₹4.5K Cr | Mar 2023 ₹4.2K Cr | Jun 2023 ₹4.0K Cr | Sep 2023 ₹3.8K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹3.8K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹4.2K Cr | Dec 2024 ₹4.2K Cr | Mar 2025 ₹4.1K Cr | Jun 2025 ₹4.3K Cr | Sep 2025 ₹4.3K Cr | Dec 2025 ₹5.0K Cr | Mar 2026 ₹4.3K Cr | Jun 2026 — - CLS: Sep 2021 ₹572 Cr | Dec 2021 ₹794 Cr | Mar 2022 ₹786 Cr | Jun 2022 ₹804 Cr | Sep 2022 ₹793 Cr | Dec 2022 ₹786 Cr | Mar 2023 ₹775 Cr | Jun 2023 ₹783 Cr | Sep 2023 ₹790 Cr | Dec 2023 ₹675 Cr | Mar 2024 ₹697 Cr | Jun 2024 ₹810 Cr | Sep 2024 ₹804 Cr | Dec 2024 ₹797 Cr | Mar 2025 ₹942 Cr | Jun 2025 ₹875 Cr | Sep 2025 ₹784 Cr | Dec 2025 ₹777 Cr | Mar 2026 ₹772 Cr | Jun 2026 — - JBL: Sep 2021 ₹3.3K Cr | Dec 2021 ₹3.4K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.4K Cr | Dec 2022 ₹3.4K Cr | Mar 2023 ₹3.4K Cr | Jun 2023 ₹3.7K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹3.2K Cr | Mar 2024 ₹3.3K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹3.3K Cr | Mar 2025 ₹3.3K Cr | Jun 2025 ₹3.3K Cr | Sep 2025 ₹3.4K Cr | Dec 2025 ₹3.4K Cr | Mar 2026 ₹4.4K Cr | Jun 2026 ₹3.9K Cr - FN: Sep 2021 ₹42 Cr | Dec 2021 ₹39 Cr | Mar 2022 ₹35 Cr | Jun 2022 ₹31 Cr | Sep 2022 ₹22 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹5 Cr | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 ₹939 Cr | Dec 2021 — | Mar 2022 ₹943 Cr | Jun 2022 ₹942 Cr | Sep 2022 ₹944 Cr | Dec 2022 ₹943 Cr | Mar 2023 ₹942 Cr | Jun 2023 ₹890 Cr | Sep 2023 ₹877 Cr | Dec 2023 ₹950 Cr | Mar 2024 ₹999 Cr | Jun 2024 ₹994 Cr | Sep 2024 ₹992 Cr | Dec 2024 ₹996 Cr | Mar 2025 ₹995 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹1.0K Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 — - LFUS: Sep 2021 ₹665 Cr | Dec 2021 — | Mar 2022 ₹659 Cr | Jun 2022 ₹636 Cr | Sep 2022 ₹924 Cr | Dec 2022 ₹1.0K Cr | Mar 2023 — | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹921 Cr | Mar 2024 ₹917 Cr | Jun 2024 ₹913 Cr | Sep 2024 ₹920 Cr | Dec 2024 ₹917 Cr | Mar 2025 ₹878 Cr | Jun 2025 ₹886 Cr | Sep 2025 ₹879 Cr | Dec 2025 ₹874 Cr | Mar 2026 ₹701 Cr | Jun 2026 — - SANM: Sep 2021 ₹335 Cr | Dec 2021 ₹330 Cr | Mar 2022 ₹326 Cr | Jun 2022 ₹322 Cr | Sep 2022 ₹317 Cr | Dec 2022 ₹347 Cr | Mar 2023 — | Jun 2023 ₹338 Cr | Sep 2023 ₹334 Cr | Dec 2023 ₹326 Cr | Mar 2024 ₹321 Cr | Jun 2024 ₹317 Cr | Sep 2024 ₹317 Cr | Dec 2024 ₹313 Cr | Mar 2025 ₹309 Cr | Jun 2025 ₹305 Cr | Sep 2025 ₹300 Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹2.2K Cr | Jun 2026 — - VICR: Sep 2021 ₹5 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹9 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹8 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 ₹8 Cr - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 — | Jun 2024 — | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 — | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 — | Jun 2026 ₹1.1K Cr - PLXS: Sep 2021 ₹281 Cr | Dec 2021 ₹291 Cr | Mar 2022 ₹375 Cr | Jun 2022 ₹443 Cr | Sep 2022 ₹467 Cr | Dec 2022 ₹495 Cr | Mar 2023 — | Jun 2023 ₹514 Cr | Sep 2023 ₹533 Cr | Dec 2023 ₹479 Cr | Mar 2024 ₹472 Cr | Jun 2024 ₹381 Cr | Sep 2024 ₹280 Cr | Dec 2024 ₹246 Cr | Mar 2025 ₹242 Cr | Jun 2025 ₹174 Cr | Sep 2025 ₹167 Cr | Dec 2025 — | Mar 2026 ₹185 Cr | Jun 2026 ₹260 Cr - OSIS: Sep 2021 ₹314 Cr | Dec 2021 ₹369 Cr | Mar 2022 ₹371 Cr | Jun 2022 ₹353 Cr | Sep 2022 ₹366 Cr | Dec 2022 ₹383 Cr | Mar 2023 ₹361 Cr | Jun 2023 ₹360 Cr | Sep 2023 ₹378 Cr | Dec 2023 ₹457 Cr | Mar 2024 ₹488 Cr | Jun 2024 ₹522 Cr | Sep 2024 ₹735 Cr | Dec 2024 ₹711 Cr | Mar 2025 ₹629 Cr | Jun 2025 ₹650 Cr | Sep 2025 ₹694 Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 — - KN: Sep 2021 ₹199 Cr | Dec 2021 ₹96 Cr | Mar 2022 ₹92 Cr | Jun 2022 ₹93 Cr | Sep 2022 ₹96 Cr | Dec 2022 ₹61 Cr | Mar 2023 ₹59 Cr | Jun 2023 ₹57 Cr | Sep 2023 ₹56 Cr | Dec 2023 ₹285 Cr | Mar 2024 ₹305 Cr | Jun 2024 ₹272 Cr | Sep 2024 ₹233 Cr | Dec 2024 ₹212 Cr | Mar 2025 ₹210 Cr | Jun 2025 ₹211 Cr | Sep 2025 ₹197 Cr | Dec 2025 ₹134 Cr | Mar 2026 ₹151 Cr | Jun 2026 ₹150 Cr - BELFA: Sep 2021 ₹124 Cr | Dec 2021 ₹134 Cr | Mar 2022 ₹138 Cr | Jun 2022 ₹137 Cr | Sep 2022 ₹131 Cr | Dec 2022 ₹117 Cr | Mar 2023 ₹120 Cr | Jun 2023 ₹83 Cr | Sep 2023 ₹82 Cr | Dec 2023 ₹81 Cr | Mar 2024 ₹81 Cr | Jun 2024 ₹82 Cr | Sep 2024 ₹83 Cr | Dec 2024 ₹313 Cr | Mar 2025 ₹306 Cr | Jun 2025 ₹275 Cr | Sep 2025 ₹248 Cr | Dec 2025 ₹221 Cr | Mar 2026 ₹226 Cr | Jun 2026 — - BHE: Sep 2021 ₹225 Cr | Dec 2021 ₹221 Cr | Mar 2022 ₹288 Cr | Jun 2022 ₹356 Cr | Sep 2022 ₹388 Cr | Dec 2022 ₹412 Cr | Mar 2023 ₹491 Cr | Jun 2023 ₹513 Cr | Sep 2023 ₹547 Cr | Dec 2023 ₹454 Cr | Mar 2024 ₹435 Cr | Jun 2024 ₹406 Cr | Sep 2024 ₹393 Cr | Dec 2024 ₹366 Cr | Mar 2025 ₹382 Cr | Jun 2025 ₹312 Cr | Sep 2025 ₹318 Cr | Dec 2025 ₹309 Cr | Mar 2026 ₹304 Cr | Jun 2026 — - OUST: Sep 2021 ₹13 Cr | Dec 2021 ₹19 Cr | Mar 2022 ₹19 Cr | Jun 2022 ₹37 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹56 Cr | Mar 2023 ₹71 Cr | Jun 2023 ₹70 Cr | Sep 2023 ₹68 Cr | Dec 2023 ₹70 Cr | Mar 2024 ₹68 Cr | Jun 2024 ₹67 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹20 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - ROG: Sep 2021 ₹0 Cr | Dec 2021 ₹190 Cr | Mar 2022 ₹190 Cr | Jun 2022 ₹260 Cr | Sep 2022 ₹290 Cr | Dec 2022 ₹229 Cr | Mar 2023 ₹192 Cr | Jun 2023 ₹132 Cr | Sep 2023 ₹81 Cr | Dec 2023 ₹49 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹25 Cr | Mar 2025 ₹24 Cr | Jun 2025 ₹24 Cr | Sep 2025 ₹23 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹22 Cr | Jun 2026 — - CTS: Sep 2021 ₹76 Cr | Dec 2021 ₹75 Cr | Mar 2022 ₹76 Cr | Jun 2022 ₹116 Cr | Sep 2022 ₹111 Cr | Dec 2022 ₹109 Cr | Mar 2023 ₹105 Cr | Jun 2023 ₹106 Cr | Sep 2023 ₹107 Cr | Dec 2023 ₹97 Cr | Mar 2024 ₹96 Cr | Jun 2024 ₹92 Cr | Sep 2024 ₹129 Cr | Dec 2024 ₹118 Cr | Mar 2025 ₹112 Cr | Jun 2025 ₹113 Cr | Sep 2025 ₹117 Cr | Dec 2025 ₹83 Cr | Mar 2026 ₹95 Cr | Jun 2026 — - ALNT: Sep 2021 ₹122 Cr | Dec 2021 ₹172 Cr | Mar 2022 ₹189 Cr | Jun 2022 ₹248 Cr | Sep 2022 ₹249 Cr | Dec 2022 ₹254 Cr | Mar 2023 ₹256 Cr | Jun 2023 ₹245 Cr | Sep 2023 ₹245 Cr | Dec 2023 ₹238 Cr | Mar 2024 ₹259 Cr | Jun 2024 ₹254 Cr | Sep 2024 ₹251 Cr | Dec 2024 ₹244 Cr | Mar 2025 ₹241 Cr | Jun 2025 ₹221 Cr | Sep 2025 ₹208 Cr | Dec 2025 ₹197 Cr | Mar 2026 ₹192 Cr | Jun 2026 — - DAKT: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹24 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹43 Cr | Dec 2023 ₹57 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹55 Cr | Sep 2024 ₹76 Cr | Dec 2024 ₹65 Cr | Mar 2025 ₹43 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹12 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹11 Cr | Jun 2026 ₹11 Cr - LYTS: Sep 2021 ₹90 Cr | Dec 2021 ₹97 Cr | Mar 2022 ₹95 Cr | Jun 2022 ₹87 Cr | Sep 2022 ₹86 Cr | Dec 2022 ₹71 Cr | Mar 2023 ₹57 Cr | Jun 2023 ₹42 Cr | Sep 2023 ₹37 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹59 Cr | Dec 2024 ₹49 Cr | Mar 2025 ₹69 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹51 Cr | Mar 2026 ₹302 Cr | Jun 2026 — - LPTH: Sep 2021 ₹15 Cr | Dec 2021 ₹14 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹15 Cr | Sep 2022 ₹14 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹13 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹14 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - KOPN: Sep 2021 ₹2 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹4 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹3 Cr | Mar 2023 — | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - MEI: Sep 2021 ₹257 Cr | Dec 2021 ₹246 Cr | Mar 2022 ₹235 Cr | Jun 2022 ₹231 Cr | Sep 2022 ₹226 Cr | Dec 2022 ₹229 Cr | Mar 2023 ₹231 Cr | Jun 2023 ₹335 Cr | Sep 2023 ₹368 Cr | Dec 2023 ₹360 Cr | Mar 2024 ₹358 Cr | Jun 2024 ₹358 Cr | Sep 2024 ₹323 Cr | Dec 2024 ₹370 Cr | Mar 2025 ₹355 Cr | Jun 2025 ₹343 Cr | Sep 2025 ₹348 Cr | Dec 2025 ₹355 Cr | Mar 2026 ₹364 Cr | Jun 2026 ₹349 Cr - MPTI: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - RELL: Sep 2021 ₹4 Cr | Dec 2021 ₹4 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 ₹1 Cr - OPTX: Sep 2021 ₹0 Cr | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹11 Cr | Jun 2026 — ### 20-quarter Net debt history - APH: Sep 2021 ₹3.9K Cr | Dec 2021 ₹3.6K Cr | Mar 2022 ₹3.6K Cr | Jun 2022 ₹3.5K Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹3.1K Cr | Jun 2023 ₹2.8K Cr | Sep 2023 ₹2.6K Cr | Dec 2023 ₹2.7K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹4.1K Cr | Sep 2024 ₹3.9K Cr | Dec 2024 ₹3.6K Cr | Mar 2025 ₹5.5K Cr | Jun 2025 ₹4.8K Cr | Sep 2025 ₹4.2K Cr | Dec 2025 ₹4.1K Cr | Mar 2026 ₹14.2K Cr | Jun 2026 — - GLW: Sep 2021 ₹4.9K Cr | Dec 2021 ₹4.9K Cr | Mar 2022 ₹4.9K Cr | Jun 2022 ₹5.2K Cr | Sep 2022 ₹5.1K Cr | Dec 2022 ₹5.2K Cr | Mar 2023 ₹5.7K Cr | Jun 2023 ₹6.1K Cr | Sep 2023 ₹5.9K Cr | Dec 2023 ₹5.7K Cr | Mar 2024 ₹6.0K Cr | Jun 2024 ₹5.9K Cr | Sep 2024 ₹5.8K Cr | Dec 2024 ₹5.4K Cr | Mar 2025 ₹5.9K Cr | Jun 2025 ₹6.0K Cr | Sep 2025 ₹6.6K Cr | Dec 2025 ₹6.9K Cr | Mar 2026 ₹7.2K Cr | Jun 2026 — - TEL: Sep 2021 ₹2.9K Cr | Dec 2021 ₹3.0K Cr | Mar 2022 ₹3.3K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.4K Cr | Mar 2023 ₹3.3K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹2.6K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹3.0K Cr | Jun 2024 ₹2.7K Cr | Sep 2024 ₹2.9K Cr | Dec 2024 ₹3.0K Cr | Mar 2025 ₹3.1K Cr | Jun 2025 ₹5.0K Cr | Sep 2025 ₹4.4K Cr | Dec 2025 ₹4.5K Cr | Mar 2026 ₹4.5K Cr | Jun 2026 ₹4.4K Cr - FLEX: Sep 2021 ₹1.6K Cr | Dec 2021 ₹1.9K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 — | Sep 2022 ₹1.9K Cr | Dec 2022 ₹2.0K Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.9K Cr | Jun 2025 ₹2.0K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 — - CLS: Sep 2021 ₹95 Cr | Dec 2021 ₹400 Cr | Mar 2022 ₹439 Cr | Jun 2022 ₹438 Cr | Sep 2022 ₹430 Cr | Dec 2022 ₹411 Cr | Mar 2023 ₹456 Cr | Jun 2023 ₹422 Cr | Sep 2023 ₹437 Cr | Dec 2023 ₹305 Cr | Mar 2024 ₹389 Cr | Jun 2024 ₹376 Cr | Sep 2024 ₹405 Cr | Dec 2024 ₹374 Cr | Mar 2025 ₹639 Cr | Jun 2025 ₹561 Cr | Sep 2025 ₹478 Cr | Dec 2025 ₹181 Cr | Mar 2026 ₹394 Cr | Jun 2026 — - JBL: Sep 2021 ₹1.8K Cr | Dec 2021 ₹2.2K Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹2.3K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹2.2K Cr | Mar 2023 ₹2.2K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹1.4K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹686 Cr | Jun 2024 ₹803 Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.7K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.8K Cr | Mar 2026 ₹2.6K Cr | Jun 2026 ₹2.5K Cr - FN: Sep 2021 ₹-486 Cr | Dec 2021 ₹-580 Cr | Mar 2022 ₹-480 Cr | Jun 2022 ₹-447 Cr | Sep 2022 ₹-478 Cr | Dec 2022 ₹-507 Cr | Mar 2023 ₹-522 Cr | Jun 2023 ₹-537 Cr | Sep 2023 ₹-656 Cr | Dec 2023 ₹-730 Cr | Mar 2024 ₹-788 Cr | Jun 2024 ₹-854 Cr | Sep 2024 ₹-904 Cr | Dec 2024 ₹-929 Cr | Mar 2025 ₹-945 Cr | Jun 2025 ₹-929 Cr | Sep 2025 ₹-366 Cr | Dec 2025 ₹-956 Cr | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 ₹409 Cr | Dec 2021 — | Mar 2022 ₹405 Cr | Jun 2022 ₹423 Cr | Sep 2022 ₹677 Cr | Dec 2022 ₹607 Cr | Mar 2023 ₹539 Cr | Jun 2023 ₹473 Cr | Sep 2023 ₹478 Cr | Dec 2023 ₹542 Cr | Mar 2024 ₹549 Cr | Jun 2024 ₹554 Cr | Sep 2024 ₹546 Cr | Dec 2024 ₹492 Cr | Mar 2025 ₹584 Cr | Jun 2025 ₹555 Cr | Sep 2025 ₹510 Cr | Dec 2025 ₹503 Cr | Mar 2026 ₹613 Cr | Jun 2026 — - LFUS: Sep 2021 ₹-26 Cr | Dec 2021 — | Mar 2022 ₹180 Cr | Jun 2022 ₹174 Cr | Sep 2022 ₹115 Cr | Dec 2022 ₹548 Cr | Mar 2023 — | Jun 2023 ₹624 Cr | Sep 2023 ₹564 Cr | Dec 2023 ₹365 Cr | Mar 2024 ₹355 Cr | Jun 2024 ₹350 Cr | Sep 2024 ₹289 Cr | Dec 2024 ₹191 Cr | Mar 2025 ₹258 Cr | Jun 2025 ₹201 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹310 Cr | Mar 2026 ₹219 Cr | Jun 2026 — - SANM: Sep 2021 ₹-289 Cr | Dec 2021 ₹-320 Cr | Mar 2022 ₹-302 Cr | Jun 2022 ₹-238 Cr | Sep 2022 ₹-176 Cr | Dec 2022 ₹-183 Cr | Mar 2023 — | Jun 2023 ₹-380 Cr | Sep 2023 ₹-323 Cr | Dec 2023 ₹-306 Cr | Mar 2024 ₹-330 Cr | Jun 2024 ₹-341 Cr | Sep 2024 ₹-309 Cr | Dec 2024 ₹-329 Cr | Mar 2025 ₹-338 Cr | Jun 2025 ₹-493 Cr | Sep 2025 ₹-626 Cr | Dec 2025 ₹755 Cr | Mar 2026 ₹596 Cr | Jun 2026 — - VICR: Sep 2021 ₹-224 Cr | Dec 2021 ₹-223 Cr | Mar 2022 ₹-203 Cr | Jun 2022 ₹-198 Cr | Sep 2022 ₹-193 Cr | Dec 2022 ₹-183 Cr | Mar 2023 ₹-185 Cr | Jun 2023 ₹-195 Cr | Sep 2023 ₹-220 Cr | Dec 2023 ₹-234 Cr | Mar 2024 ₹-231 Cr | Jun 2024 ₹-245 Cr | Sep 2024 ₹-261 Cr | Dec 2024 ₹-270 Cr | Mar 2025 ₹-289 Cr | Jun 2025 ₹-331 Cr | Sep 2025 ₹-355 Cr | Dec 2025 ₹-396 Cr | Mar 2026 ₹-397 Cr | Jun 2026 ₹-446 Cr - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 ₹950 Cr | Sep 2025 ₹885 Cr | Dec 2025 ₹830 Cr | Mar 2026 — | Jun 2026 ₹880 Cr - PLXS: Sep 2021 ₹-22 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹158 Cr | Jun 2022 ₹135 Cr | Sep 2022 ₹190 Cr | Dec 2022 ₹220 Cr | Mar 2023 — | Jun 2023 ₹244 Cr | Sep 2023 ₹280 Cr | Dec 2023 ₹247 Cr | Mar 2024 ₹207 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹-65 Cr | Dec 2024 ₹-71 Cr | Mar 2025 ₹-69 Cr | Jun 2025 ₹-64 Cr | Sep 2025 ₹-139 Cr | Dec 2025 — | Mar 2026 ₹-64 Cr | Jun 2026 ₹-43 Cr - OSIS: Sep 2021 ₹259 Cr | Dec 2021 ₹283 Cr | Mar 2022 ₹288 Cr | Jun 2022 ₹289 Cr | Sep 2022 ₹312 Cr | Dec 2022 ₹337 Cr | Mar 2023 ₹295 Cr | Jun 2023 ₹283 Cr | Sep 2023 ₹295 Cr | Dec 2023 ₹330 Cr | Mar 2024 ₹387 Cr | Jun 2024 ₹427 Cr | Sep 2024 ₹650 Cr | Dec 2024 ₹609 Cr | Mar 2025 ₹533 Cr | Jun 2025 ₹544 Cr | Sep 2025 ₹570 Cr | Dec 2025 ₹667 Cr | Mar 2026 ₹658 Cr | Jun 2026 — - KN: Sep 2021 ₹59 Cr | Dec 2021 ₹27 Cr | Mar 2022 ₹41 Cr | Jun 2022 ₹45 Cr | Sep 2022 ₹54 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹-19 Cr | Dec 2023 ₹198 Cr | Mar 2024 ₹183 Cr | Jun 2024 ₹188 Cr | Sep 2024 ₹140 Cr | Dec 2024 ₹82 Cr | Mar 2025 ₹108 Cr | Jun 2025 ₹108 Cr | Sep 2025 ₹104 Cr | Dec 2025 ₹80 Cr | Mar 2026 ₹110 Cr | Jun 2026 ₹100 Cr - BELFA: Sep 2021 ₹62 Cr | Dec 2021 ₹72 Cr | Mar 2022 ₹87 Cr | Jun 2022 ₹71 Cr | Sep 2022 ₹60 Cr | Dec 2022 ₹47 Cr | Mar 2023 ₹42 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹-18 Cr | Dec 2023 ₹-46 Cr | Mar 2024 ₹-40 Cr | Jun 2024 ₹-62 Cr | Sep 2024 ₹-81 Cr | Dec 2024 ₹244 Cr | Mar 2025 ₹239 Cr | Jun 2025 ₹216 Cr | Sep 2025 ₹190 Cr | Dec 2025 ₹163 Cr | Mar 2026 ₹167 Cr | Jun 2026 — - BHE: Sep 2021 ₹-64 Cr | Dec 2021 ₹-51 Cr | Mar 2022 ₹43 Cr | Jun 2022 ₹94 Cr | Sep 2022 ₹141 Cr | Dec 2022 ₹205 Cr | Mar 2023 ₹280 Cr | Jun 2023 ₹268 Cr | Sep 2023 ₹287 Cr | Dec 2023 ₹177 Cr | Mar 2024 ₹139 Cr | Jun 2024 ₹97 Cr | Sep 2024 ₹69 Cr | Dec 2024 ₹51 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹33 Cr | Dec 2025 ₹-13 Cr | Mar 2026 ₹-21 Cr | Jun 2026 — - OUST: Sep 2021 ₹-209 Cr | Dec 2021 ₹-164 Cr | Mar 2022 ₹-142 Cr | Jun 2022 ₹-123 Cr | Sep 2022 ₹-96 Cr | Dec 2022 ₹-67 Cr | Mar 2023 ₹-186 Cr | Jun 2023 ₹-154 Cr | Sep 2023 ₹-132 Cr | Dec 2023 ₹-120 Cr | Mar 2024 ₹-120 Cr | Jun 2024 ₹-117 Cr | Sep 2024 ₹-129 Cr | Dec 2024 ₹-152 Cr | Mar 2025 ₹-149 Cr | Jun 2025 ₹-209 Cr | Sep 2025 ₹-229 Cr | Dec 2025 ₹-192 Cr | Mar 2026 ₹-156 Cr | Jun 2026 — - ROG: Sep 2021 ₹-221 Cr | Dec 2021 ₹-42 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹35 Cr | Sep 2022 ₹54 Cr | Dec 2022 ₹-7 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹-9 Cr | Sep 2023 ₹-45 Cr | Dec 2023 ₹-83 Cr | Mar 2024 ₹-98 Cr | Jun 2024 ₹-102 Cr | Sep 2024 ₹-120 Cr | Dec 2024 ₹-135 Cr | Mar 2025 ₹-152 Cr | Jun 2025 ₹-133 Cr | Sep 2025 ₹-145 Cr | Dec 2025 ₹-175 Cr | Mar 2026 ₹-174 Cr | Jun 2026 — - CTS: Sep 2021 ₹-53 Cr | Dec 2021 ₹-66 Cr | Mar 2022 ₹-50 Cr | Jun 2022 ₹17 Cr | Sep 2022 ₹-37 Cr | Dec 2022 ₹-48 Cr | Mar 2023 ₹-39 Cr | Jun 2023 ₹-45 Cr | Sep 2023 ₹-53 Cr | Dec 2023 ₹-67 Cr | Mar 2024 ₹-66 Cr | Jun 2024 ₹-69 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹24 Cr | Mar 2025 ₹22 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹4 Cr | Jun 2026 — - ALNT: Sep 2021 ₹103 Cr | Dec 2021 ₹150 Cr | Mar 2022 ₹172 Cr | Jun 2022 ₹219 Cr | Sep 2022 ₹229 Cr | Dec 2022 ₹223 Cr | Mar 2023 ₹231 Cr | Jun 2023 ₹221 Cr | Sep 2023 ₹221 Cr | Dec 2023 ₹206 Cr | Mar 2024 ₹227 Cr | Jun 2024 ₹223 Cr | Sep 2024 ₹214 Cr | Dec 2024 ₹208 Cr | Mar 2025 ₹193 Cr | Jun 2025 ₹171 Cr | Sep 2025 ₹169 Cr | Dec 2025 ₹156 Cr | Mar 2026 ₹151 Cr | Jun 2026 — - DAKT: Sep 2021 ₹-77 Cr | Dec 2021 ₹-62 Cr | Mar 2022 ₹-36 Cr | Jun 2022 ₹-22 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹-7 Cr | Sep 2023 ₹-12 Cr | Dec 2023 ₹-17 Cr | Mar 2024 ₹-27 Cr | Jun 2024 ₹-27 Cr | Sep 2024 ₹-21 Cr | Dec 2024 ₹-69 Cr | Mar 2025 ₹-89 Cr | Jun 2025 ₹-116 Cr | Sep 2025 ₹-125 Cr | Dec 2025 ₹-139 Cr | Mar 2026 ₹-133 Cr | Jun 2026 ₹-121 Cr - LYTS: Sep 2021 ₹87 Cr | Dec 2021 ₹96 Cr | Mar 2022 ₹94 Cr | Jun 2022 ₹85 Cr | Sep 2022 ₹77 Cr | Dec 2022 ₹68 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹40 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹62 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹44 Cr | Mar 2025 ₹65 Cr | Jun 2025 ₹58 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹45 Cr | Mar 2026 ₹292 Cr | Jun 2026 — - LPTH: Sep 2021 ₹11 Cr | Dec 2021 ₹9 Cr | Mar 2022 ₹10 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹-64 Cr | Mar 2026 ₹-44 Cr | Jun 2026 — - KOPN: Sep 2021 ₹-30 Cr | Dec 2021 ₹-25 Cr | Mar 2022 ₹-22 Cr | Jun 2022 ₹-15 Cr | Sep 2022 ₹-11 Cr | Dec 2022 ₹-10 Cr | Mar 2023 — | Jun 2023 ₹-27 Cr | Sep 2023 ₹-23 Cr | Dec 2023 ₹-16 Cr | Mar 2024 ₹-20 Cr | Jun 2024 ₹-17 Cr | Sep 2024 ₹-35 Cr | Dec 2024 ₹-35 Cr | Mar 2025 ₹-31 Cr | Jun 2025 ₹-26 Cr | Sep 2025 ₹-26 Cr | Dec 2025 ₹-61 Cr | Mar 2026 ₹-58 Cr | Jun 2026 — - MEI: Sep 2021 ₹49 Cr | Dec 2021 ₹69 Cr | Mar 2022 ₹82 Cr | Jun 2022 ₹59 Cr | Sep 2022 ₹74 Cr | Dec 2022 ₹99 Cr | Mar 2023 ₹66 Cr | Jun 2023 ₹178 Cr | Sep 2023 ₹220 Cr | Dec 2023 ₹237 Cr | Mar 2024 ₹235 Cr | Jun 2024 ₹196 Cr | Sep 2024 ₹212 Cr | Dec 2024 ₹273 Cr | Mar 2025 ₹251 Cr | Jun 2025 ₹239 Cr | Sep 2025 ₹227 Cr | Dec 2025 ₹236 Cr | Mar 2026 ₹230 Cr | Jun 2026 ₹209 Cr - MPTI: Sep 2021 ₹-2 Cr | Dec 2021 ₹-3 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-1 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹-3 Cr | Dec 2023 ₹-4 Cr | Mar 2024 ₹-5 Cr | Jun 2024 ₹-7 Cr | Sep 2024 ₹-8 Cr | Dec 2024 ₹-13 Cr | Mar 2025 ₹-14 Cr | Jun 2025 ₹-16 Cr | Sep 2025 ₹-18 Cr | Dec 2025 ₹-21 Cr | Mar 2026 ₹-52 Cr | Jun 2026 — - RELL: Sep 2021 ₹-32 Cr | Dec 2021 ₹-36 Cr | Mar 2022 ₹-36 Cr | Jun 2022 ₹-37 Cr | Sep 2022 ₹-33 Cr | Dec 2022 ₹-28 Cr | Mar 2023 ₹-23 Cr | Jun 2023 ₹-23 Cr | Sep 2023 ₹-22 Cr | Dec 2023 ₹-21 Cr | Mar 2024 ₹-16 Cr | Jun 2024 ₹-21 Cr | Sep 2024 ₹-20 Cr | Dec 2024 ₹-25 Cr | Mar 2025 ₹-35 Cr | Jun 2025 ₹-34 Cr | Sep 2025 ₹-34 Cr | Dec 2025 ₹-31 Cr | Mar 2026 ₹-27 Cr | Jun 2026 ₹-31 Cr - OPTX: Sep 2021 ₹-1 Cr | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹9 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹11 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹12 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹10 Cr | Jun 2026 — ## Return On Capital Employed What the numbers say: Celestica Inc. leads ROCE at 9.1%, 0.1 percentage points above Jabil Inc.. Kopin Corporation has the strongest latest improvement at +11.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Celestica Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Celestica Inc. · 9.1% | 1.1% versus #2 · Jabil Inc. | 7/8 recent comparable periods | 30/30 companies · 549 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Celestica Inc. (CLS): 9.1% 2. Jabil Inc. (JBL): 9.0% 3. Amphenol Corporation (APH): 7.1% 4. Fabrinet (FN): 5.6% — older report 5. M-tron Industries, Inc. (MPTI): 4.9% ### ROCE change — fastest improvers 1. Kopin Corporation (KOPN): +11.2 pp 2. Daktronics, Inc. (DAKT): +4.6 pp 3. Celestica Inc. (CLS): +4.4 pp 4. Ouster, Inc. (OUST): +3.4 pp 5. Methode Electronics, Inc. (MEI): +3.1 pp ### 20-quarter ROCE history - APH: Sep 2021 5.3% | Dec 2021 5.3% | Mar 2022 5.1% | Jun 2022 5.4% | Sep 2022 5.6% | Dec 2022 5.4% | Mar 2023 4.7% | Jun 2023 5.0% | Sep 2023 5.2% | Dec 2023 5.3% | Mar 2024 5.2% | Jun 2024 5.1% | Sep 2024 5.7% | Dec 2024 6.2% | Mar 2025 6.5% | Jun 2025 8.1% | Sep 2025 9.2% | Dec 2025 7.4% | Mar 2026 7.1% | Jun 2026 — - GLW: Sep 2021 2.1% | Dec 2021 1.8% | Mar 2022 2.2% | Jun 2022 2.0% | Sep 2022 1.2% | Dec 2022 0.3% | Mar 2023 1.2% | Jun 2023 1.2% | Sep 2023 1.0% | Dec 2023 0.3% | Mar 2024 1.1% | Jun 2024 0.8% | Sep 2024 1.3% | Dec 2024 1.7% | Mar 2025 1.9% | Jun 2025 2.5% | Sep 2025 2.5% | Dec 2025 2.8% | Mar 2026 2.7% | Jun 2026 — - TEL: Sep 2021 4.1% | Dec 2021 4.0% | Mar 2022 4.4% | Jun 2022 4.4% | Sep 2022 4.0% | Dec 2022 2.9% | Mar 2023 3.2% | Jun 2023 3.7% | Sep 2023 3.8% | Dec 2023 3.9% | Mar 2024 4.0% | Jun 2024 4.3% | Sep 2024 3.7% | Dec 2024 3.7% | Mar 2025 4.2% | Jun 2025 4.6% | Sep 2025 4.8% | Dec 2025 5.0% | Mar 2026 4.9% | Jun 2026 4.8% - FLEX: Sep 2021 — | Dec 2021 3.0% | Mar 2022 2.7% | Jun 2022 — | Sep 2022 3.3% | Dec 2022 3.6% | Mar 2023 2.8% | Jun 2023 2.3% | Sep 2023 2.9% | Dec 2023 2.0% | Mar 2024 1.6% | Jun 2024 2.4% | Sep 2024 2.9% | Dec 2024 3.3% | Mar 2025 3.3% | Jun 2025 3.5% | Sep 2025 3.2% | Dec 2025 4.1% | Mar 2026 4.0% | Jun 2026 — - CLS: Sep 2021 2.4% | Dec 2021 2.2% | Mar 2022 1.8% | Jun 2022 2.8% | Sep 2022 3.4% | Dec 2022 3.3% | Mar 2023 2.2% | Jun 2023 3.3% | Sep 2023 3.5% | Dec 2023 4.2% | Mar 2024 4.8% | Jun 2024 4.9% | Sep 2024 5.0% | Dec 2024 7.2% | Mar 2025 4.7% | Jun 2025 9.4% | Sep 2025 11% | Dec 2025 10% | Mar 2026 9.1% | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 6.2% | Mar 2022 5.5% | Jun 2022 5.3% | Sep 2022 6.8% | Dec 2022 6.2% | Mar 2023 6.0% | Jun 2023 5.8% | Sep 2023 6.9% | Dec 2023 4.8% | Mar 2024 18% | Jun 2024 4.1% | Sep 2024 5.2% | Dec 2024 3.4% | Mar 2025 4.3% | Jun 2025 7.6% | Sep 2025 6.5% | Dec 2025 5.6% | Mar 2026 6.9% | Jun 2026 9.0% - FN: Sep 2021 3.8% | Dec 2021 4.4% | Mar 2022 4.4% | Jun 2022 4.6% | Sep 2022 4.9% | Dec 2022 5.0% | Mar 2023 4.5% | Jun 2023 4.4% | Sep 2023 4.4% | Dec 2023 4.5% | Mar 2024 4.5% | Jun 2024 4.5% | Sep 2024 4.5% | Dec 2024 4.5% | Mar 2025 4.3% | Jun 2025 4.7% | Sep 2025 4.7% | Dec 2025 5.6% | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 1.3% | Dec 2021 — | Mar 2022 1.5% | Jun 2022 1.1% | Sep 2022 1.5% | Dec 2022 2.0% | Mar 2023 1.8% | Jun 2023 -0.1% | Sep 2023 0.8% | Dec 2023 -0.4% | Mar 2024 1.3% | Jun 2024 0.7% | Sep 2024 1.5% | Dec 2024 1.6% | Mar 2025 1.9% | Jun 2025 2.3% | Sep 2025 2.6% | Dec 2025 2.9% | Mar 2026 2.6% | Jun 2026 — - LFUS: Sep 2021 4.8% | Dec 2021 — | Mar 2022 3.6% | Jun 2022 5.7% | Sep 2022 4.7% | Dec 2022 4.1% | Mar 2023 — | Jun 2023 3.5% | Sep 2023 2.8% | Dec 2023 1.9% | Mar 2024 1.6% | Jun 2024 1.9% | Sep 2024 2.5% | Dec 2024 -1.4% | Mar 2025 2.0% | Jun 2025 2.6% | Sep 2025 2.6% | Dec 2025 -6.5% | Mar 2026 3.0% | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 2.9% | Mar 2022 3.3% | Jun 2022 3.2% | Sep 2022 3.9% | Dec 2022 4.3% | Mar 2023 — | Jun 2023 4.7% | Sep 2023 4.2% | Dec 2023 3.2% | Mar 2024 2.7% | Jun 2024 2.9% | Sep 2024 3.1% | Dec 2024 3.1% | Mar 2025 3.2% | Jun 2025 3.3% | Sep 2025 2.7% | Dec 2025 1.8% | Mar 2026 3.9% | Jun 2026 — - VICR: Sep 2021 3.2% | Dec 2021 2.3% | Mar 2022 1.2% | Jun 2022 2.7% | Sep 2022 0.7% | Dec 2022 1.8% | Mar 2023 2.2% | Jun 2023 3.7% | Sep 2023 3.1% | Dec 2023 1.4% | Mar 2024 -3.1% | Jun 2024 0.0% | Sep 2024 1.0% | Dec 2024 1.6% | Mar 2025 0.0% | Jun 2025 7.8% | Sep 2025 3.5% | Dec 2025 2.4% | Mar 2026 2.5% | Jun 2026 4.8% - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 — | Sep 2024 3.3% | Dec 2024 3.1% | Mar 2025 — | Jun 2025 2.5% | Sep 2025 1.2% | Dec 2025 -40% | Mar 2026 — | Jun 2026 4.4% - PLXS: Sep 2021 — | Dec 2021 3.2% | Mar 2022 2.3% | Jun 2022 2.7% | Sep 2022 3.7% | Dec 2022 4.6% | Mar 2023 — | Jun 2023 4.1% | Sep 2023 2.0% | Dec 2023 3.0% | Mar 2024 2.0% | Jun 2024 2.7% | Sep 2024 3.6% | Dec 2024 3.1% | Mar 2025 3.2% | Jun 2025 3.5% | Sep 2025 3.4% | Dec 2025 — | Mar 2026 3.5% | Jun 2026 3.9% - OLED: Sep 2021 5.0% | Dec 2021 4.7% | Mar 2022 5.1% | Jun 2022 4.2% | Sep 2022 5.2% | Dec 2022 6.2% | Mar 2023 3.3% | Jun 2023 4.2% | Sep 2023 3.4% | Dec 2023 4.4% | Mar 2024 4.2% | Jun 2024 3.7% | Sep 2024 4.2% | Dec 2024 3.2% | Mar 2025 4.2% | Jun 2025 4.0% | Sep 2025 2.5% | Dec 2025 3.8% | Mar 2026 2.4% | Jun 2026 — - OSIS: Sep 2021 2.9% | Dec 2021 3.4% | Mar 2022 3.1% | Jun 2022 4.2% | Sep 2022 2.2% | Dec 2022 3.0% | Mar 2023 3.9% | Jun 2023 6.3% | Sep 2023 2.4% | Dec 2023 6.0% | Mar 2024 5.1% | Jun 2024 6.0% | Sep 2024 2.6% | Dec 2024 4.7% | Mar 2025 4.4% | Jun 2025 5.5% | Sep 2025 2.3% | Dec 2025 3.4% | Mar 2026 3.0% | Jun 2026 — - KN: Sep 2021 2.4% | Dec 2021 2.8% | Mar 2022 1.4% | Jun 2022 -16% | Sep 2022 -1.1% | Dec 2022 -33% | Mar 2023 -0.1% | Jun 2023 1.0% | Sep 2023 1.0% | Dec 2023 0.9% | Mar 2024 0.4% | Jun 2024 1.2% | Sep 2024 1.8% | Dec 2024 1.4% | Mar 2025 0.4% | Jun 2025 1.2% | Sep 2025 2.7% | Dec 2025 2.8% | Mar 2026 1.7% | Jun 2026 2.6% - BELFA: Sep 2021 2.2% | Dec 2021 2.9% | Mar 2022 2.1% | Jun 2022 4.3% | Sep 2022 4.7% | Dec 2022 4.4% | Mar 2023 4.6% | Jun 2023 4.8% | Sep 2023 5.6% | Dec 2023 3.7% | Mar 2024 3.9% | Jun 2024 5.0% | Sep 2024 2.5% | Dec 2024 2.0% | Mar 2025 3.9% | Jun 2025 3.3% | Sep 2025 4.1% | Dec 2025 3.2% | Mar 2026 2.9% | Jun 2026 — - BHE: Sep 2021 0.9% | Dec 2021 1.5% | Mar 2022 1.2% | Jun 2022 1.7% | Sep 2022 1.9% | Dec 2022 2.0% | Mar 2023 1.6% | Jun 2023 1.7% | Sep 2023 2.0% | Dec 2023 2.1% | Mar 2024 1.6% | Jun 2024 1.8% | Sep 2024 1.8% | Dec 2024 1.9% | Mar 2025 0.8% | Jun 2025 1.4% | Sep 2025 1.6% | Dec 2025 1.4% | Mar 2026 1.5% | Jun 2026 — - OUST: Sep 2021 -12% | Dec 2021 -22% | Mar 2022 -13% | Jun 2022 -13% | Sep 2022 -15% | Dec 2022 -16% | Mar 2023 -54% | Jun 2023 -44% | Sep 2023 -14% | Dec 2023 -16% | Mar 2024 -8.3% | Jun 2024 -9.7% | Sep 2024 -12% | Dec 2024 -12% | Mar 2025 -11% | Jun 2025 -11% | Sep 2025 -11% | Dec 2025 0.4% | Mar 2026 -8.0% | Jun 2026 — - ROG: Sep 2021 2.8% | Dec 2021 0.8% | Mar 2022 1.5% | Jun 2022 1.8% | Sep 2022 1.4% | Dec 2022 5.6% | Mar 2023 0.0% | Jun 2023 1.9% | Sep 2023 1.9% | Dec 2023 2.1% | Mar 2024 0.8% | Jun 2024 0.8% | Sep 2024 1.0% | Dec 2024 -0.9% | Mar 2025 0.0% | Jun 2025 -5.0% | Sep 2025 1.1% | Dec 2025 0.5% | Mar 2026 0.8% | Jun 2026 — - CTS: Sep 2021 3.4% | Dec 2021 3.4% | Mar 2022 4.7% | Jun 2022 3.9% | Sep 2022 3.9% | Dec 2022 3.6% | Mar 2023 3.7% | Jun 2023 2.9% | Sep 2023 2.9% | Dec 2023 2.5% | Mar 2024 2.3% | Jun 2024 2.8% | Sep 2024 3.1% | Dec 2024 2.7% | Mar 2025 2.5% | Jun 2025 3.5% | Sep 2025 3.1% | Dec 2025 3.4% | Mar 2026 3.3% | Jun 2026 — - ALNT: Sep 2021 2.9% | Dec 2021 1.2% | Mar 2022 1.2% | Jun 2022 1.9% | Sep 2022 3.0% | Dec 2022 1.8% | Mar 2023 2.5% | Jun 2023 2.5% | Sep 2023 2.4% | Dec 2023 1.4% | Mar 2024 2.3% | Jun 2024 0.9% | Sep 2024 1.3% | Dec 2024 1.3% | Mar 2025 1.7% | Jun 2025 2.2% | Sep 2025 2.3% | Dec 2025 2.2% | Mar 2026 1.8% | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 1.8% | Mar 2022 -2.4% | Jun 2022 -0.1% | Sep 2022 -2.3% | Dec 2022 0.6% | Mar 2023 3.0% | Jun 2023 7.5% | Sep 2023 15% | Dec 2023 7.0% | Mar 2024 2.8% | Jun 2024 6.5% | Sep 2024 6.9% | Dec 2024 4.6% | Mar 2025 -1.1% | Jun 2025 -0.5% | Sep 2025 6.7% | Dec 2025 5.9% | Mar 2026 0.5% | Jun 2026 4.1% - LYTS: Sep 2021 2.4% | Dec 2021 2.4% | Mar 2022 2.7% | Jun 2022 3.2% | Sep 2022 4.3% | Dec 2022 3.9% | Mar 2023 3.3% | Jun 2023 4.5% | Sep 2023 4.8% | Dec 2023 3.4% | Mar 2024 3.4% | Jun 2024 3.7% | Sep 2024 3.7% | Dec 2024 3.5% | Mar 2025 2.4% | Jun 2025 4.2% | Sep 2025 3.8% | Dec 2025 3.1% | Mar 2026 0.9% | Jun 2026 — - LPTH: Sep 2021 -0.9% | Dec 2021 -2.3% | Mar 2022 -1.1% | Jun 2022 -1.8% | Sep 2022 -2.9% | Dec 2022 -1.3% | Mar 2023 -2.1% | Jun 2023 -1.8% | Sep 2023 -2.9% | Dec 2023 -4.2% | Mar 2024 -5.8% | Jun 2024 -5.1% | Sep 2024 -3.2% | Dec 2024 -6.2% | Mar 2025 -6.2% | Jun 2025 -8.6% | Sep 2025 -4.6% | Dec 2025 -11% | Mar 2026 -4.4% | Jun 2026 — - KOPN: Sep 2021 -5.8% | Dec 2021 -9.5% | Mar 2022 -14% | Jun 2022 -13% | Sep 2022 -10% | Dec 2022 -17% | Mar 2023 — | Jun 2023 -6.2% | Sep 2023 -12% | Dec 2023 -22% | Mar 2024 -116% | Jun 2024 -25% | Sep 2024 -8.6% | Dec 2024 -7.3% | Mar 2025 -24% | Jun 2025 -47% | Sep 2025 18% | Dec 2025 -9.9% | Mar 2026 -13% | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 2.6% | Mar 2022 2.4% | Jun 2022 1.2% | Sep 2022 1.8% | Dec 2022 2.7% | Mar 2023 2.2% | Jun 2023 0.7% | Sep 2023 0.3% | Dec 2023 -4.2% | Mar 2024 -0.2% | Jun 2024 -4.9% | Sep 2024 -0.6% | Dec 2024 0.8% | Mar 2025 -0.2% | Jun 2025 -2.1% | Sep 2025 0.1% | Dec 2025 0.3% | Mar 2026 -0.6% | Jun 2026 1.0% - MPTI: Sep 2021 4.9% | Dec 2021 1.2% | Mar 2022 — | Jun 2022 — | Sep 2022 3.5% | Dec 2022 5.3% | Mar 2023 10% | Jun 2023 19% | Sep 2023 11% | Dec 2023 -0.3% | Mar 2024 9.8% | Jun 2024 11% | Sep 2024 13% | Dec 2024 10% | Mar 2025 7.3% | Jun 2025 6.3% | Sep 2025 8.0% | Dec 2025 8.2% | Mar 2026 4.9% | Jun 2026 — - RELL: Sep 2021 2.3% | Dec 2021 3.6% | Mar 2022 2.8% | Jun 2022 3.8% | Sep 2022 6.5% | Dec 2022 5.1% | Mar 2023 5.3% | Jun 2023 0.9% | Sep 2023 1.0% | Dec 2023 -1.3% | Mar 2024 0.6% | Jun 2024 -0.1% | Sep 2024 0.2% | Dec 2024 -0.4% | Mar 2025 1.4% | Jun 2025 0.5% | Sep 2025 0.6% | Dec 2025 0.1% | Mar 2026 0.9% | Jun 2026 1.9% - OPTX: Sep 2021 0.0% | Dec 2021 — | Mar 2022 0.0% | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 0.2% | Jun 2023 1.0% | Sep 2023 0.7% | Dec 2023 0.4% | Mar 2024 -9.8% | Jun 2024 1.1% | Sep 2024 0.7% | Dec 2024 -9.4% | Mar 2025 3.5% | Jun 2025 -1.0% | Sep 2025 -8.3% | Dec 2025 2.2% | Mar 2026 -5.6% | Jun 2026 — ### 20-quarter ROCE change history - APH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 +0.1 pp | Mar 2023 −0.4 pp | Jun 2023 −0.4 pp | Sep 2023 −0.4 pp | Dec 2023 −0.1 pp | Mar 2024 +0.5 pp | Jun 2024 +0.1 pp | Sep 2024 +0.5 pp | Dec 2024 +0.9 pp | Mar 2025 +1.3 pp | Jun 2025 +3.0 pp | Sep 2025 +3.5 pp | Dec 2025 +1.2 pp | Mar 2026 +0.6 pp | Jun 2026 — - GLW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −1.5 pp | Mar 2023 −1.0 pp | Jun 2023 −0.8 pp | Sep 2023 −0.2 pp | Dec 2023 0.0 pp | Mar 2024 −0.1 pp | Jun 2024 −0.4 pp | Sep 2024 +0.3 pp | Dec 2024 +1.4 pp | Mar 2025 +0.8 pp | Jun 2025 +1.7 pp | Sep 2025 +1.2 pp | Dec 2025 +1.1 pp | Mar 2026 +0.8 pp | Jun 2026 — - TEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −1.1 pp | Mar 2023 −1.2 pp | Jun 2023 −0.7 pp | Sep 2023 −0.2 pp | Dec 2023 +1.0 pp | Mar 2024 +0.8 pp | Jun 2024 +0.6 pp | Sep 2024 −0.1 pp | Dec 2024 −0.2 pp | Mar 2025 +0.2 pp | Jun 2025 +0.3 pp | Sep 2025 +1.1 pp | Dec 2025 +1.3 pp | Mar 2026 +0.7 pp | Jun 2026 +0.2 pp - FLEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.6 pp | Mar 2023 +0.1 pp | Jun 2023 — | Sep 2023 −0.4 pp | Dec 2023 −1.6 pp | Mar 2024 −1.2 pp | Jun 2024 +0.1 pp | Sep 2024 0.0 pp | Dec 2024 +1.3 pp | Mar 2025 +1.7 pp | Jun 2025 +1.1 pp | Sep 2025 +0.3 pp | Dec 2025 +0.8 pp | Mar 2026 +0.7 pp | Jun 2026 — - CLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 +1.1 pp | Mar 2023 +0.4 pp | Jun 2023 +0.5 pp | Sep 2023 +0.1 pp | Dec 2023 +0.9 pp | Mar 2024 +2.6 pp | Jun 2024 +1.6 pp | Sep 2024 +1.5 pp | Dec 2024 +3.0 pp | Mar 2025 −0.1 pp | Jun 2025 +4.5 pp | Sep 2025 +5.8 pp | Dec 2025 +2.9 pp | Mar 2026 +4.4 pp | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0 pp | Mar 2023 +0.5 pp | Jun 2023 +0.5 pp | Sep 2023 +0.1 pp | Dec 2023 −1.4 pp | Mar 2024 +11.8 pp | Jun 2024 −1.7 pp | Sep 2024 −1.7 pp | Dec 2024 −1.4 pp | Mar 2025 −13.5 pp | Jun 2025 +3.5 pp | Sep 2025 +1.3 pp | Dec 2025 +2.2 pp | Mar 2026 +2.6 pp | Jun 2026 +1.4 pp - FN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.1 pp | Dec 2022 +0.6 pp | Mar 2023 +0.1 pp | Jun 2023 −0.2 pp | Sep 2023 −0.5 pp | Dec 2023 −0.5 pp | Mar 2024 0.0 pp | Jun 2024 +0.1 pp | Sep 2024 +0.1 pp | Dec 2024 0.0 pp | Mar 2025 −0.2 pp | Jun 2025 +0.2 pp | Sep 2025 +0.2 pp | Dec 2025 +1.1 pp | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 — | Mar 2023 +0.3 pp | Jun 2023 −1.2 pp | Sep 2023 −0.7 pp | Dec 2023 −2.4 pp | Mar 2024 −0.5 pp | Jun 2024 +0.8 pp | Sep 2024 +0.7 pp | Dec 2024 +2.0 pp | Mar 2025 +0.6 pp | Jun 2025 +1.6 pp | Sep 2025 +1.1 pp | Dec 2025 +1.3 pp | Mar 2026 +0.7 pp | Jun 2026 — - LFUS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 — | Mar 2023 — | Jun 2023 −2.2 pp | Sep 2023 −1.9 pp | Dec 2023 −2.2 pp | Mar 2024 — | Jun 2024 −1.6 pp | Sep 2024 −0.3 pp | Dec 2024 −3.3 pp | Mar 2025 +0.4 pp | Jun 2025 +0.7 pp | Sep 2025 +0.1 pp | Dec 2025 −5.1 pp | Mar 2026 +1.0 pp | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +1.4 pp | Mar 2023 — | Jun 2023 +1.5 pp | Sep 2023 +0.3 pp | Dec 2023 −1.1 pp | Mar 2024 — | Jun 2024 −1.8 pp | Sep 2024 −1.1 pp | Dec 2024 −0.1 pp | Mar 2025 +0.5 pp | Jun 2025 +0.4 pp | Sep 2025 −0.4 pp | Dec 2025 −1.3 pp | Mar 2026 +0.7 pp | Jun 2026 — - VICR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 −0.5 pp | Mar 2023 +1.0 pp | Jun 2023 +1.0 pp | Sep 2023 +2.4 pp | Dec 2023 −0.4 pp | Mar 2024 −5.3 pp | Jun 2024 −3.7 pp | Sep 2024 −2.1 pp | Dec 2024 +0.2 pp | Mar 2025 +3.1 pp | Jun 2025 +7.8 pp | Sep 2025 +2.5 pp | Dec 2025 +0.8 pp | Mar 2026 +2.5 pp | Jun 2026 −3.0 pp - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +3.3 pp | Dec 2024 +3.1 pp | Mar 2025 — | Jun 2025 — | Sep 2025 −2.1 pp | Dec 2025 −43.0 pp | Mar 2026 — | Jun 2026 +1.9 pp - PLXS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +1.4 pp | Mar 2023 — | Jun 2023 +1.4 pp | Sep 2023 −1.7 pp | Dec 2023 −1.6 pp | Mar 2024 — | Jun 2024 −1.4 pp | Sep 2024 +1.6 pp | Dec 2024 +0.1 pp | Mar 2025 +1.2 pp | Jun 2025 +0.8 pp | Sep 2025 −0.2 pp | Dec 2025 — | Mar 2026 +0.3 pp | Jun 2026 +0.4 pp - OLED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 +1.5 pp | Mar 2023 −1.8 pp | Jun 2023 0.0 pp | Sep 2023 −1.8 pp | Dec 2023 −1.8 pp | Mar 2024 +0.9 pp | Jun 2024 −0.5 pp | Sep 2024 +0.8 pp | Dec 2024 −1.2 pp | Mar 2025 0.0 pp | Jun 2025 +0.3 pp | Sep 2025 −1.7 pp | Dec 2025 +0.6 pp | Mar 2026 −1.8 pp | Jun 2026 — - OSIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −0.4 pp | Mar 2023 +0.8 pp | Jun 2023 +2.1 pp | Sep 2023 +0.2 pp | Dec 2023 +3.0 pp | Mar 2024 +1.2 pp | Jun 2024 −0.3 pp | Sep 2024 +0.2 pp | Dec 2024 −1.3 pp | Mar 2025 −0.7 pp | Jun 2025 −0.5 pp | Sep 2025 −0.3 pp | Dec 2025 −1.3 pp | Mar 2026 −1.4 pp | Jun 2026 — - KN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.5 pp | Dec 2022 −35.8 pp | Mar 2023 −1.5 pp | Jun 2023 +17.0 pp | Sep 2023 +2.1 pp | Dec 2023 +33.9 pp | Mar 2024 +0.5 pp | Jun 2024 +0.2 pp | Sep 2024 +0.8 pp | Dec 2024 +0.5 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 +0.9 pp | Dec 2025 +1.4 pp | Mar 2026 +1.3 pp | Jun 2026 +1.4 pp - BELFA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.5 pp | Dec 2022 +1.5 pp | Mar 2023 +2.5 pp | Jun 2023 +0.5 pp | Sep 2023 +0.9 pp | Dec 2023 −0.7 pp | Mar 2024 −0.7 pp | Jun 2024 +0.2 pp | Sep 2024 −3.1 pp | Dec 2024 −1.7 pp | Mar 2025 0.0 pp | Jun 2025 −1.7 pp | Sep 2025 +1.6 pp | Dec 2025 +1.2 pp | Mar 2026 −1.0 pp | Jun 2026 — - BHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 +0.5 pp | Mar 2023 +0.4 pp | Jun 2023 0.0 pp | Sep 2023 +0.1 pp | Dec 2023 +0.1 pp | Mar 2024 0.0 pp | Jun 2024 +0.1 pp | Sep 2024 −0.2 pp | Dec 2024 −0.2 pp | Mar 2025 −0.8 pp | Jun 2025 −0.4 pp | Sep 2025 −0.2 pp | Dec 2025 −0.5 pp | Mar 2026 +0.7 pp | Jun 2026 — - OUST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.6 pp | Dec 2022 +5.9 pp | Mar 2023 −41.7 pp | Jun 2023 −31.9 pp | Sep 2023 +0.6 pp | Dec 2023 +0.7 pp | Mar 2024 +46.1 pp | Jun 2024 +34.7 pp | Sep 2024 +2.1 pp | Dec 2024 +4.2 pp | Mar 2025 −3.1 pp | Jun 2025 −1.7 pp | Sep 2025 +1.4 pp | Dec 2025 +11.9 pp | Mar 2026 +3.4 pp | Jun 2026 — - ROG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.4 pp | Dec 2022 +4.8 pp | Mar 2023 −1.5 pp | Jun 2023 +0.1 pp | Sep 2023 +0.5 pp | Dec 2023 −3.5 pp | Mar 2024 +0.8 pp | Jun 2024 −1.1 pp | Sep 2024 −0.9 pp | Dec 2024 −3.0 pp | Mar 2025 −0.8 pp | Jun 2025 −5.8 pp | Sep 2025 +0.1 pp | Dec 2025 +1.4 pp | Mar 2026 +0.8 pp | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 +0.2 pp | Mar 2023 −1.0 pp | Jun 2023 −1.0 pp | Sep 2023 −1.0 pp | Dec 2023 −1.1 pp | Mar 2024 −1.4 pp | Jun 2024 −0.1 pp | Sep 2024 +0.2 pp | Dec 2024 +0.2 pp | Mar 2025 +0.2 pp | Jun 2025 +0.7 pp | Sep 2025 0.0 pp | Dec 2025 +0.7 pp | Mar 2026 +0.8 pp | Jun 2026 — - ALNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 +0.6 pp | Mar 2023 +1.3 pp | Jun 2023 +0.6 pp | Sep 2023 −0.6 pp | Dec 2023 −0.4 pp | Mar 2024 −0.2 pp | Jun 2024 −1.6 pp | Sep 2024 −1.1 pp | Dec 2024 −0.1 pp | Mar 2025 −0.6 pp | Jun 2025 +1.3 pp | Sep 2025 +1.0 pp | Dec 2025 +0.9 pp | Mar 2026 +0.1 pp | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.2 pp | Mar 2023 +5.4 pp | Jun 2023 +7.6 pp | Sep 2023 +16.9 pp | Dec 2023 +6.4 pp | Mar 2024 −0.2 pp | Jun 2024 −1.0 pp | Sep 2024 −7.7 pp | Dec 2024 −2.4 pp | Mar 2025 −3.9 pp | Jun 2025 −7.0 pp | Sep 2025 −0.2 pp | Dec 2025 +1.3 pp | Mar 2026 +1.6 pp | Jun 2026 +4.6 pp - LYTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.9 pp | Dec 2022 +1.5 pp | Mar 2023 +0.6 pp | Jun 2023 +1.3 pp | Sep 2023 +0.5 pp | Dec 2023 −0.5 pp | Mar 2024 +0.1 pp | Jun 2024 −0.8 pp | Sep 2024 −1.1 pp | Dec 2024 +0.1 pp | Mar 2025 −1.0 pp | Jun 2025 +0.5 pp | Sep 2025 +0.1 pp | Dec 2025 −0.4 pp | Mar 2026 −1.5 pp | Jun 2026 — - LPTH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 +1.0 pp | Mar 2023 −1.0 pp | Jun 2023 0.0 pp | Sep 2023 0.0 pp | Dec 2023 −2.9 pp | Mar 2024 −3.7 pp | Jun 2024 −3.3 pp | Sep 2024 −0.3 pp | Dec 2024 −2.0 pp | Mar 2025 −0.4 pp | Jun 2025 −3.5 pp | Sep 2025 −1.4 pp | Dec 2025 −4.6 pp | Mar 2026 +1.8 pp | Jun 2026 — - KOPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.3 pp | Dec 2022 −7.1 pp | Mar 2023 — | Jun 2023 +7.1 pp | Sep 2023 −1.8 pp | Dec 2023 −5.0 pp | Mar 2024 — | Jun 2024 −18.5 pp | Sep 2024 +3.3 pp | Dec 2024 +14.3 pp | Mar 2025 +91.7 pp | Jun 2025 −21.9 pp | Sep 2025 +26.2 pp | Dec 2025 −2.6 pp | Mar 2026 +11.2 pp | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.1 pp | Mar 2023 −0.2 pp | Jun 2023 −0.5 pp | Sep 2023 −1.5 pp | Dec 2023 −6.9 pp | Mar 2024 −2.4 pp | Jun 2024 −5.6 pp | Sep 2024 −0.9 pp | Dec 2024 +5.0 pp | Mar 2025 0.0 pp | Jun 2025 +2.8 pp | Sep 2025 +0.7 pp | Dec 2025 −0.5 pp | Mar 2026 −0.4 pp | Jun 2026 +3.1 pp - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.4 pp | Dec 2022 +4.1 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +7.5 pp | Dec 2023 −5.6 pp | Mar 2024 −0.5 pp | Jun 2024 −8.8 pp | Sep 2024 +2.3 pp | Dec 2024 +10.4 pp | Mar 2025 −2.5 pp | Jun 2025 −4.3 pp | Sep 2025 −5.3 pp | Dec 2025 −1.9 pp | Mar 2026 −2.4 pp | Jun 2026 — - RELL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.2 pp | Dec 2022 +1.5 pp | Mar 2023 +2.5 pp | Jun 2023 −2.9 pp | Sep 2023 −5.5 pp | Dec 2023 −6.4 pp | Mar 2024 −4.7 pp | Jun 2024 −1.0 pp | Sep 2024 −0.8 pp | Dec 2024 +0.9 pp | Mar 2025 +0.8 pp | Jun 2025 +0.6 pp | Sep 2025 +0.4 pp | Dec 2025 +0.5 pp | Mar 2026 −0.5 pp | Jun 2026 +1.4 pp - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 — | Mar 2023 +0.2 pp | Jun 2023 +1.0 pp | Sep 2023 +0.7 pp | Dec 2023 +0.4 pp | Mar 2024 −10.0 pp | Jun 2024 +0.1 pp | Sep 2024 0.0 pp | Dec 2024 −9.8 pp | Mar 2025 +13.3 pp | Jun 2025 −2.1 pp | Sep 2025 −9.0 pp | Dec 2025 +11.6 pp | Mar 2026 −9.1 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Celestica Inc. has the lowest comparable Guarded PEG at 0.62×, 20.5% below Amphenol Corporation. Only 16 of 30 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Celestica Inc. · 0.62× | 20.5% versus #2 · Amphenol Corporation | 0/8 recent comparable periods | 16/30 companies · 89 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction. ### Guarded PEG — lowest PEG 1. Celestica Inc. (CLS): 0.6 2. Amphenol Corporation (APH): 0.8 3. Jabil Inc. (JBL): 0.8 4. CTS Corporation (CTS): 0.9 5. Benchmark Electronics, Inc. (BHE): 0.9 ### P/E — lowest P/E 1. TE Connectivity plc (TEL): 19.0 2. CTS Corporation (CTS): 20.4 3. Universal Display Corporation (OLED): 20.5 4. Ralliant Corporation (RAL): 20.8 5. Daktronics, Inc. (DAKT): 21.4 ### 20-quarter Guarded PEG history - APH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.8 | Jun 2023 3.6 | Sep 2023 — | Dec 2023 — | Mar 2024 6.1 | Jun 2024 4.8 | Sep 2024 2.9 | Dec 2024 1.5 | Mar 2025 1.2 | Jun 2025 0.8 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - TEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.3 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 3.1 | Mar 2026 — | Jun 2026 — - FLEX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.4 | Sep 2024 0.5 | Dec 2024 0.3 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 2.8 | Jun 2026 — - CLS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 0.6 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.2 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 0.8 - FN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.6 | Jun 2023 0.8 | Sep 2023 — | Dec 2023 3.1 | Mar 2024 1.8 | Jun 2024 1.5 | Sep 2024 1.1 | Dec 2024 0.8 | Mar 2025 1.1 | Jun 2025 2.4 | Sep 2025 2.5 | Dec 2025 2.7 | Mar 2026 — | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 1.5 | Sep 2025 1.8 | Dec 2025 — | Mar 2026 2.9 | Jun 2026 — - PLXS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 — | Sep 2025 0.4 | Dec 2025 — | Mar 2026 — | Jun 2026 — - OLED: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 4.1 | Jun 2023 2.6 | Sep 2023 4.7 | Dec 2023 — | Mar 2024 3.6 | Jun 2024 6.3 | Sep 2024 2.7 | Dec 2024 3.3 | Mar 2025 — | Jun 2025 3.1 | Sep 2025 — | Dec 2025 2.6 | Mar 2026 — | Jun 2026 — - OSIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.9 | Mar 2024 0.4 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 1.2 | Mar 2025 1.8 | Jun 2025 1.4 | Sep 2025 1.9 | Dec 2025 2.1 | Mar 2026 4.6 | Jun 2026 — - KN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 4.2 | Dec 2025 0.9 | Mar 2026 — | Jun 2026 — - BELFA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.1 | Dec 2023 0.3 | Mar 2024 0.7 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.2 | Dec 2025 0.7 | Mar 2026 1.6 | Jun 2026 — - BHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.4 | Sep 2023 0.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ROG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.8 | Sep 2023 0.6 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.6 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 2.0 | Jun 2025 1.4 | Sep 2025 — | Dec 2025 0.9 | Mar 2026 0.9 | Jun 2026 — - ALNT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.9 | Jun 2023 0.5 | Sep 2023 0.4 | Dec 2023 0.6 | Mar 2024 1.6 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.5 | Dec 2025 — | Mar 2026 — | Jun 2026 — - LYTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.4 | Dec 2023 0.7 | Mar 2024 0.8 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 3.4 | Mar 2026 — | Jun 2026 — - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.3 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.4 | Dec 2024 — | Mar 2025 — | Jun 2025 0.3 | Sep 2025 1.0 | Dec 2025 — | Mar 2026 — | Jun 2026 — - RELL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ### 20-quarter P/E history - APH: Sep 2021 30.9 | Dec 2021 34.8 | Mar 2022 28.0 | Jun 2022 22.5 | Sep 2022 22.5 | Dec 2022 24.9 | Mar 2023 26.5 | Jun 2023 27.7 | Sep 2023 27.2 | Dec 2023 32.0 | Mar 2024 35.4 | Jun 2024 40.3 | Sep 2024 37.5 | Dec 2024 36.2 | Mar 2025 31.8 | Jun 2025 39.3 | Sep 2025 41.3 | Dec 2025 40.5 | Mar 2026 36.3 | Jun 2026 — - GLW: Sep 2021 38.0 | Dec 2021 29.1 | Mar 2022 29.5 | Jun 2022 13.5 | Sep 2022 13.6 | Dec 2022 20.7 | Mar 2023 33.3 | Jun 2023 48.0 | Sep 2023 44.8 | Dec 2023 44.8 | Mar 2024 46.4 | Jun 2024 77.7 | Sep 2024 265.6 | Dec 2024 81.9 | Mar 2025 88.0 | Jun 2025 56.0 | Sep 2025 51.9 | Dec 2025 47.9 | Mar 2026 65.1 | Jun 2026 — - TEL: Sep 2021 21.2 | Dec 2021 21.1 | Mar 2022 17.1 | Jun 2022 15.1 | Sep 2022 14.8 | Dec 2022 16.4 | Mar 2023 19.7 | Jun 2023 21.3 | Sep 2023 20.2 | Dec 2023 13.1 | Mar 2024 13.0 | Jun 2024 13.2 | Sep 2024 14.2 | Dec 2024 22.6 | Mar 2025 30.4 | Jun 2025 33.9 | Sep 2025 34.7 | Dec 2025 33.1 | Mar 2026 20.3 | Jun 2026 19.0 - FLEX: Sep 2021 — | Dec 2021 8.7 | Mar 2022 9.1 | Jun 2022 — | Sep 2022 7.1 | Dec 2022 11.8 | Mar 2023 13.4 | Jun 2023 15.7 | Sep 2023 15.4 | Dec 2023 12.6 | Mar 2024 12.6 | Jun 2024 13.1 | Sep 2024 14.6 | Dec 2024 15.5 | Mar 2025 15.7 | Jun 2025 21.9 | Sep 2025 25.7 | Dec 2025 27.1 | Mar 2026 28.1 | Jun 2026 — - CLS: Sep 2021 12.2 | Dec 2021 13.6 | Mar 2022 12.9 | Jun 2022 9.7 | Sep 2022 7.7 | Dec 2022 7.7 | Mar 2023 10.9 | Jun 2023 10.7 | Sep 2023 15.1 | Dec 2023 14.4 | Mar 2024 17.0 | Jun 2024 19.3 | Sep 2024 16.5 | Dec 2024 25.6 | Mar 2025 22.0 | Jun 2025 34.0 | Sep 2025 39.9 | Dec 2025 41.3 | Mar 2026 34.1 | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 11.9 | Mar 2022 10.7 | Jun 2022 10.6 | Sep 2022 8.7 | Dec 2022 10.5 | Mar 2023 12.0 | Jun 2023 12.6 | Sep 2023 19.0 | Dec 2023 19.7 | Mar 2024 12.4 | Jun 2024 10.8 | Sep 2024 9.8 | Dec 2024 13.0 | Mar 2025 37.1 | Jun 2025 32.6 | Sep 2025 34.6 | Dec 2025 32.8 | Mar 2026 35.6 | Jun 2026 45.5 - FN: Sep 2021 — | Dec 2021 — | Mar 2022 21.1 | Jun 2022 15.5 | Sep 2022 — | Dec 2022 — | Mar 2023 18.1 | Jun 2023 19.3 | Sep 2023 — | Dec 2023 27.5 | Mar 2024 25.1 | Jun 2024 30.2 | Sep 2024 28.4 | Dec 2024 24.6 | Mar 2025 21.8 | Jun 2025 32.2 | Sep 2025 37.0 | Dec 2025 45.8 | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 16.7 | Dec 2021 — | Mar 2022 30.3 | Jun 2022 20.9 | Sep 2022 17.1 | Dec 2022 14.5 | Mar 2023 16.6 | Jun 2023 19.2 | Sep 2023 28.3 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 119.1 | Dec 2024 45.7 | Mar 2025 27.4 | Jun 2025 45.4 | Sep 2025 45.8 | Dec 2025 42.4 | Mar 2026 47.7 | Jun 2026 — - LFUS: Sep 2021 24.1 | Dec 2021 — | Mar 2022 27.7 | Jun 2022 18.1 | Sep 2022 17.8 | Dec 2022 15.0 | Mar 2023 — | Jun 2023 19.5 | Sep 2023 22.3 | Dec 2023 25.9 | Mar 2024 27.8 | Jun 2024 32.9 | Sep 2024 34.0 | Dec 2024 59.3 | Mar 2025 52.9 | Jun 2025 52.7 | Sep 2025 54.9 | Dec 2025 — | Mar 2026 — | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 10.5 | Mar 2022 10.0 | Jun 2022 9.7 | Sep 2022 11.0 | Dec 2022 12.1 | Mar 2023 — | Jun 2023 12.0 | Sep 2023 11.8 | Dec 2023 11.1 | Mar 2024 14.7 | Jun 2024 17.2 | Sep 2024 17.6 | Dec 2024 18.7 | Mar 2025 17.7 | Jun 2025 21.0 | Sep 2025 25.6 | Dec 2025 36.8 | Mar 2026 27.7 | Jun 2026 — - VICR: Sep 2021 102.4 | Dec 2021 100.8 | Mar 2022 68.5 | Jun 2022 65.2 | Sep 2022 100.2 | Dec 2022 94.3 | Mar 2023 66.1 | Jun 2023 63.5 | Sep 2023 49.9 | Dec 2023 37.8 | Mar 2024 62.7 | Jun 2024 — | Sep 2024 — | Dec 2024 345.1 | Mar 2025 90.0 | Jun 2025 46.8 | Sep 2025 31.3 | Dec 2025 42.0 | Mar 2026 53.9 | Jun 2026 121.7 - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 20.9 | Sep 2025 20.9 | Dec 2025 — | Mar 2026 — | Jun 2026 — - PLXS: Sep 2021 — | Dec 2021 19.1 | Mar 2022 22.0 | Jun 2022 21.3 | Sep 2022 18.3 | Dec 2022 18.0 | Mar 2023 — | Jun 2023 16.1 | Sep 2023 18.6 | Dec 2023 24.1 | Mar 2024 26.2 | Jun 2024 26.0 | Sep 2024 34.0 | Dec 2024 36.6 | Mar 2025 24.9 | Jun 2025 23.1 | Sep 2025 22.9 | Dec 2025 — | Mar 2026 23.7 | Jun 2026 30.3 - OLED: Sep 2021 42.4 | Dec 2021 42.6 | Mar 2022 43.6 | Jun 2022 26.3 | Sep 2022 23.6 | Dec 2022 24.6 | Mar 2023 37.1 | Jun 2023 33.1 | Sep 2023 36.4 | Dec 2023 45.1 | Mar 2024 36.6 | Jun 2024 45.1 | Sep 2024 42.2 | Dec 2024 31.4 | Mar 2025 29.0 | Jun 2025 30.2 | Sep 2025 31.0 | Dec 2025 23.0 | Mar 2026 20.5 | Jun 2026 — - OSIS: Sep 2021 20.7 | Dec 2021 20.4 | Mar 2022 14.3 | Jun 2022 13.3 | Sep 2022 11.8 | Dec 2022 13.3 | Mar 2023 21.2 | Jun 2023 22.1 | Sep 2023 21.7 | Dec 2023 19.6 | Mar 2024 19.7 | Jun 2024 18.6 | Sep 2024 19.8 | Dec 2024 21.6 | Mar 2025 23.6 | Jun 2025 25.8 | Sep 2025 28.2 | Dec 2025 28.9 | Mar 2026 30.3 | Jun 2026 — - KN: Sep 2021 20.2 | Dec 2021 14.7 | Mar 2022 13.1 | Jun 2022 — | Sep 2022 — | Dec 2022 22.8 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 22.7 | Mar 2024 25.2 | Jun 2024 34.5 | Sep 2024 41.9 | Dec 2024 — | Mar 2025 44.7 | Jun 2025 46.4 | Sep 2025 48.6 | Dec 2025 42.9 | Mar 2026 40.1 | Jun 2026 53.9 - BELFA: Sep 2021 9.3 | Dec 2021 7.9 | Mar 2022 10.3 | Jun 2022 7.9 | Sep 2022 7.9 | Dec 2022 8.0 | Mar 2023 7.7 | Jun 2023 10.6 | Sep 2023 8.3 | Dec 2023 11.7 | Mar 2024 12.6 | Jun 2024 16.3 | Sep 2024 24.1 | Dec 2024 29.1 | Mar 2025 22.1 | Jun 2025 23.3 | Sep 2025 23.6 | Dec 2025 32.7 | Mar 2026 43.4 | Jun 2026 — - BHE: Sep 2021 31.1 | Dec 2021 27.4 | Mar 2022 23.0 | Jun 2022 16.4 | Sep 2022 14.8 | Dec 2022 14.0 | Mar 2023 12.0 | Jun 2023 13.8 | Sep 2023 12.7 | Dec 2023 14.4 | Mar 2024 16.4 | Jun 2024 21.1 | Sep 2024 25.8 | Dec 2024 27.4 | Mar 2025 27.4 | Jun 2025 39.2 | Sep 2025 40.2 | Dec 2025 62.9 | Mar 2026 59.0 | Jun 2026 — - ROG: Sep 2021 35.1 | Dec 2021 47.6 | Mar 2022 55.0 | Jun 2022 60.1 | Sep 2022 63.5 | Dec 2022 19.4 | Mar 2023 32.0 | Jun 2023 31.6 | Sep 2023 24.5 | Dec 2023 43.6 | Mar 2024 32.6 | Jun 2024 38.7 | Sep 2024 42.2 | Dec 2024 72.6 | Mar 2025 74.2 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - CTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 24.9 | Dec 2022 21.2 | Mar 2023 27.3 | Jun 2023 23.3 | Sep 2023 22.0 | Dec 2023 22.8 | Mar 2024 27.5 | Jun 2024 28.6 | Sep 2024 25.2 | Dec 2024 29.1 | Mar 2025 22.0 | Jun 2025 21.0 | Sep 2025 21.0 | Dec 2025 19.6 | Mar 2026 20.4 | Jun 2026 — - ALNT: Sep 2021 17.9 | Dec 2021 22.0 | Mar 2022 30.1 | Jun 2022 23.8 | Sep 2022 29.8 | Dec 2022 31.9 | Mar 2023 29.3 | Jun 2023 27.5 | Sep 2023 21.3 | Dec 2023 20.4 | Mar 2024 23.6 | Jun 2024 21.8 | Sep 2024 21.6 | Dec 2024 30.7 | Mar 2025 37.3 | Jun 2025 42.2 | Sep 2025 40.0 | Dec 2025 40.7 | Mar 2026 41.3 | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 39.6 | Mar 2022 123.0 | Jun 2022 335.0 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 32.1 | Sep 2023 10.3 | Dec 2023 9.5 | Mar 2024 7.8 | Jun 2024 12.6 | Sep 2024 190.8 | Dec 2024 52.0 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 144.5 | Mar 2026 42.1 | Jun 2026 21.4 - LYTS: Sep 2021 31.0 | Dec 2021 24.5 | Mar 2022 16.7 | Jun 2022 11.4 | Sep 2022 12.0 | Dec 2022 16.3 | Mar 2023 17.9 | Jun 2023 14.3 | Sep 2023 17.1 | Dec 2023 15.5 | Mar 2024 16.3 | Jun 2024 17.4 | Sep 2024 20.4 | Dec 2024 25.2 | Mar 2025 23.6 | Jun 2025 21.5 | Sep 2025 29.5 | Dec 2025 22.3 | Mar 2026 24.8 | Jun 2026 — - KOPN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 238.0 | Mar 2026 181.5 | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 13.5 | Mar 2022 13.9 | Jun 2022 16.5 | Sep 2022 16.4 | Dec 2022 16.1 | Mar 2023 20.4 | Jun 2023 19.5 | Sep 2023 21.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 13.1 | Mar 2023 16.7 | Jun 2023 11.9 | Sep 2023 13.5 | Dec 2023 27.9 | Mar 2024 18.8 | Jun 2024 20.2 | Sep 2024 20.8 | Dec 2024 18.3 | Mar 2025 16.7 | Jun 2025 16.2 | Sep 2025 22.6 | Dec 2025 20.3 | Mar 2026 25.9 | Jun 2026 — - RELL: Sep 2021 20.9 | Dec 2021 16.8 | Mar 2022 13.9 | Jun 2022 10.7 | Sep 2022 11.2 | Dec 2022 16.2 | Mar 2023 11.5 | Jun 2023 11.2 | Sep 2023 10.7 | Dec 2023 20.2 | Mar 2024 31.3 | Jun 2024 — | Sep 2024 — | Dec 2024 469.3 | Mar 2025 — | Jun 2025 — | Sep 2025 983.0 | Dec 2025 209.2 | Mar 2026 45.5 | Jun 2026 38.6 - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 83.8 | Mar 2024 126.7 | Jun 2024 152.5 | Sep 2024 123.0 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ## Enterprise Value & Book Value What the numbers say: Methode Electronics, Inc. leads both ev/ebitda at 7.62× and p/bv at 0.45×. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/bv signal. Evidence: Methode Electronics, Inc. · 7.62× | 26.7% versus #2 · Daktronics, Inc. | 0/8 recent comparable periods | 28/30 companies · 470 observations Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts. ### EV/EBITDA — lowest EV/EBITDA 1. Methode Electronics, Inc. (MEI): 7.6 2. Daktronics, Inc. (DAKT): 10.4 3. Flex Ltd. (FLEX): 10.4 4. CTS Corporation (CTS): 11.1 5. TE Connectivity plc (TEL): 12.8 ### P/BV — lowest P/BV 1. Methode Electronics, Inc. (MEI): 0.5 2. Richardson Electronics, Ltd. (RELL): 1.5 3. Rogers Corporation (ROG): 1.6 4. Benchmark Electronics, Inc. (BHE): 1.8 5. LSI Industries Inc. (LYTS): 1.9 ### 20-quarter EV/EBITDA history - APH: Sep 2021 20.2 | Dec 2021 22.4 | Mar 2022 18.5 | Jun 2022 15.0 | Sep 2022 14.9 | Dec 2022 16.3 | Mar 2023 17.4 | Jun 2023 18.1 | Sep 2023 18.0 | Dec 2023 21.0 | Mar 2024 23.4 | Jun 2024 26.8 | Sep 2024 23.9 | Dec 2024 23.5 | Mar 2025 20.2 | Jun 2025 24.8 | Sep 2025 26.4 | Dec 2025 25.0 | Mar 2026 21.6 | Jun 2026 — - GLW: Sep 2021 10.0 | Dec 2021 10.2 | Mar 2022 9.7 | Jun 2022 8.9 | Sep 2022 8.8 | Dec 2022 11.2 | Mar 2023 13.9 | Jun 2023 15.4 | Sep 2023 13.7 | Dec 2023 14.2 | Mar 2024 15.6 | Jun 2024 17.9 | Sep 2024 20.5 | Dec 2024 17.9 | Mar 2025 16.3 | Jun 2025 16.9 | Sep 2025 22.0 | Dec 2025 22.7 | Mar 2026 34.0 | Jun 2026 — - TEL: Sep 2021 15.7 | Dec 2021 15.9 | Mar 2022 13.1 | Jun 2022 11.7 | Sep 2022 10.8 | Dec 2022 11.9 | Mar 2023 14.0 | Jun 2023 15.2 | Sep 2023 13.3 | Dec 2023 14.1 | Mar 2024 13.9 | Jun 2024 13.6 | Sep 2024 13.4 | Dec 2024 12.9 | Mar 2025 12.4 | Jun 2025 14.5 | Sep 2025 16.9 | Dec 2025 16.6 | Mar 2026 13.7 | Jun 2026 12.9 - FLEX: Sep 2021 — | Dec 2021 6.8 | Mar 2022 5.6 | Jun 2022 — | Sep 2022 5.8 | Dec 2022 7.2 | Mar 2023 5.8 | Jun 2023 8.8 | Sep 2023 8.5 | Dec 2023 7.7 | Mar 2024 6.7 | Jun 2024 9.4 | Sep 2024 10.3 | Dec 2024 10.6 | Mar 2025 6.4 | Jun 2025 11.6 | Sep 2025 12.9 | Dec 2025 12.9 | Mar 2026 10.4 | Jun 2026 — - CLS: Sep 2021 4.5 | Dec 2021 6.1 | Mar 2022 6.1 | Jun 2022 4.8 | Sep 2022 4.0 | Dec 2022 4.4 | Mar 2023 4.8 | Jun 2023 5.0 | Sep 2023 7.6 | Dec 2023 8.1 | Mar 2024 10.5 | Jun 2024 12.0 | Sep 2024 9.7 | Dec 2024 14.8 | Mar 2025 13.3 | Jun 2025 21.1 | Sep 2025 27.0 | Dec 2025 28.1 | Mar 2026 24.1 | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 5.8 | Mar 2022 5.5 | Jun 2022 5.4 | Sep 2022 3.3 | Dec 2022 5.5 | Mar 2023 6.0 | Jun 2023 6.2 | Sep 2023 5.1 | Dec 2023 7.6 | Mar 2024 6.4 | Jun 2024 5.5 | Sep 2024 4.1 | Dec 2024 6.7 | Mar 2025 11.7 | Jun 2025 11.1 | Sep 2025 9.5 | Dec 2025 12.3 | Mar 2026 14.6 | Jun 2026 19.6 - FN: Sep 2021 17.4 | Dec 2021 17.7 | Mar 2022 14.7 | Jun 2022 10.6 | Sep 2022 11.4 | Dec 2022 14.9 | Mar 2023 13.2 | Jun 2023 14.0 | Sep 2023 18.1 | Dec 2023 20.4 | Mar 2024 19.3 | Jun 2024 24.5 | Sep 2024 22.9 | Dec 2024 19.9 | Mar 2025 16.9 | Jun 2025 25.5 | Sep 2025 31.4 | Dec 2025 37.2 | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 6.5 | Dec 2021 — | Mar 2022 7.8 | Jun 2022 7.3 | Sep 2022 7.4 | Dec 2022 7.1 | Mar 2023 6.0 | Jun 2023 6.4 | Sep 2023 7.1 | Dec 2023 7.3 | Mar 2024 10.7 | Jun 2024 8.3 | Sep 2024 9.0 | Dec 2024 11.3 | Mar 2025 8.1 | Jun 2025 13.6 | Sep 2025 17.5 | Dec 2025 19.1 | Mar 2026 22.4 | Jun 2026 — - LFUS: Sep 2021 15.2 | Dec 2021 — | Mar 2022 16.4 | Jun 2022 11.3 | Sep 2022 10.4 | Dec 2022 8.9 | Mar 2023 — | Jun 2023 12.4 | Sep 2023 14.1 | Dec 2023 14.1 | Mar 2024 14.5 | Jun 2024 16.2 | Sep 2024 16.9 | Dec 2024 21.0 | Mar 2025 17.2 | Jun 2025 17.4 | Sep 2025 19.0 | Dec 2025 39.8 | Mar 2026 41.8 | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 6.0 | Mar 2022 5.9 | Jun 2022 4.9 | Sep 2022 5.2 | Dec 2022 5.4 | Mar 2023 — | Jun 2023 5.7 | Sep 2023 5.4 | Dec 2023 4.7 | Mar 2024 6.3 | Jun 2024 7.0 | Sep 2024 7.8 | Dec 2024 8.3 | Mar 2025 7.9 | Jun 2025 9.7 | Sep 2025 11.9 | Dec 2025 19.6 | Mar 2026 13.8 | Jun 2026 — - VICR: Sep 2021 81.0 | Dec 2021 79.5 | Mar 2022 50.1 | Jun 2022 44.5 | Sep 2022 58.1 | Dec 2022 53.4 | Mar 2023 39.8 | Jun 2023 39.8 | Sep 2023 34.8 | Dec 2023 25.7 | Mar 2024 34.7 | Jun 2024 49.9 | Sep 2024 110.2 | Dec 2024 110.5 | Mar 2025 54.0 | Jun 2025 21.4 | Sep 2025 19.5 | Dec 2025 44.5 | Mar 2026 57.9 | Jun 2026 190.9 - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 20.0 | Sep 2025 20.1 | Dec 2025 — | Mar 2026 — | Jun 2026 — - PLXS: Sep 2021 — | Dec 2021 10.9 | Mar 2022 12.8 | Jun 2022 11.8 | Sep 2022 10.7 | Dec 2022 11.0 | Mar 2023 — | Jun 2023 10.1 | Sep 2023 11.0 | Dec 2023 12.6 | Mar 2024 12.2 | Jun 2024 12.0 | Sep 2024 14.8 | Dec 2024 17.0 | Mar 2025 12.7 | Jun 2025 12.8 | Sep 2025 13.2 | Dec 2025 — | Mar 2026 13.9 | Jun 2026 18.3 - OLED: Sep 2021 26.5 | Dec 2021 26.7 | Mar 2022 27.0 | Jun 2022 15.2 | Sep 2022 13.4 | Dec 2022 14.8 | Mar 2023 23.0 | Jun 2023 21.2 | Sep 2023 25.1 | Dec 2023 32.8 | Mar 2024 26.6 | Jun 2024 34.0 | Sep 2024 31.8 | Dec 2024 22.8 | Mar 2025 20.9 | Jun 2025 22.6 | Sep 2025 22.3 | Dec 2025 16.7 | Mar 2026 13.9 | Jun 2026 — - OSIS: Sep 2021 11.7 | Dec 2021 11.9 | Mar 2022 11.0 | Jun 2022 10.8 | Sep 2022 9.9 | Dec 2022 11.1 | Mar 2023 12.9 | Jun 2023 13.0 | Sep 2023 12.9 | Dec 2023 11.9 | Mar 2024 12.3 | Jun 2024 12.0 | Sep 2024 12.9 | Dec 2024 13.8 | Mar 2025 15.1 | Jun 2025 16.5 | Sep 2025 18.3 | Dec 2025 18.5 | Mar 2026 19.5 | Jun 2026 — - KN: Sep 2021 10.3 | Dec 2021 12.2 | Mar 2022 11.0 | Jun 2022 8.8 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 19.9 | Mar 2024 17.5 | Jun 2024 18.8 | Sep 2024 17.2 | Dec 2024 17.9 | Mar 2025 15.0 | Jun 2025 18.0 | Sep 2025 22.5 | Dec 2025 19.1 | Mar 2026 20.1 | Jun 2026 28.2 - BELFA: Sep 2021 9.6 | Dec 2021 7.4 | Mar 2022 6.8 | Jun 2022 5.5 | Sep 2022 5.6 | Dec 2022 6.0 | Mar 2023 5.7 | Jun 2023 8.0 | Sep 2023 5.9 | Dec 2023 8.3 | Mar 2024 8.9 | Jun 2024 10.0 | Sep 2024 14.2 | Dec 2024 16.9 | Mar 2025 13.5 | Jun 2025 15.3 | Sep 2025 15.3 | Dec 2025 18.1 | Mar 2026 19.9 | Jun 2026 — - BHE: Sep 2021 9.6 | Dec 2021 9.3 | Mar 2022 9.2 | Jun 2022 7.9 | Sep 2022 8.0 | Dec 2022 8.5 | Mar 2023 7.9 | Jun 2023 8.2 | Sep 2023 7.7 | Dec 2023 7.5 | Mar 2024 7.7 | Jun 2024 9.4 | Sep 2024 10.5 | Dec 2024 10.8 | Mar 2025 9.9 | Jun 2025 10.6 | Sep 2025 10.7 | Dec 2025 12.2 | Mar 2026 14.9 | Jun 2026 — - ROG: Sep 2021 18.1 | Dec 2021 31.6 | Mar 2022 35.6 | Jun 2022 37.4 | Sep 2022 38.8 | Dec 2022 11.6 | Mar 2023 17.5 | Jun 2023 16.7 | Sep 2023 12.7 | Dec 2023 17.4 | Mar 2024 14.6 | Jun 2024 16.9 | Sep 2024 17.1 | Dec 2024 23.5 | Mar 2025 17.3 | Jun 2025 — | Sep 2025 — | Dec 2025 156.4 | Mar 2026 82.3 | Jun 2026 — - CTS: Sep 2021 9.2 | Dec 2021 10.8 | Mar 2022 9.8 | Jun 2022 9.8 | Sep 2022 10.9 | Dec 2022 9.8 | Mar 2023 12.8 | Jun 2023 11.2 | Sep 2023 11.4 | Dec 2023 12.4 | Mar 2024 14.2 | Jun 2024 15.3 | Sep 2024 15.0 | Dec 2024 15.7 | Mar 2025 12.1 | Jun 2025 11.4 | Sep 2025 10.4 | Dec 2025 10.5 | Mar 2026 11.1 | Jun 2026 — - ALNT: Sep 2021 12.7 | Dec 2021 16.1 | Mar 2022 14.8 | Jun 2022 12.6 | Sep 2022 13.3 | Dec 2022 13.7 | Mar 2023 13.3 | Jun 2023 12.7 | Sep 2023 10.6 | Dec 2023 10.4 | Mar 2024 12.2 | Jun 2024 10.6 | Sep 2024 9.5 | Dec 2024 11.0 | Mar 2025 10.6 | Jun 2025 13.3 | Sep 2025 14.3 | Dec 2025 15.4 | Mar 2026 16.6 | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 7.0 | Mar 2022 8.7 | Jun 2022 6.3 | Sep 2022 22.1 | Dec 2022 29.5 | Mar 2023 9.4 | Jun 2023 5.3 | Sep 2023 3.5 | Dec 2023 4.0 | Mar 2024 3.1 | Jun 2024 3.8 | Sep 2024 7.7 | Dec 2024 6.3 | Mar 2025 9.5 | Jun 2025 9.5 | Sep 2025 12.3 | Dec 2025 13.2 | Mar 2026 15.2 | Jun 2026 10.4 - LYTS: Sep 2021 15.5 | Dec 2021 13.2 | Mar 2022 10.2 | Jun 2022 8.1 | Sep 2022 7.7 | Dec 2022 10.0 | Mar 2023 10.3 | Jun 2023 8.5 | Sep 2023 10.3 | Dec 2023 9.4 | Mar 2024 9.9 | Jun 2024 10.7 | Sep 2024 12.1 | Dec 2024 13.7 | Mar 2025 12.9 | Jun 2025 11.8 | Sep 2025 15.7 | Dec 2025 12.1 | Mar 2026 19.9 | Jun 2026 — - LPTH: Sep 2021 102.6 | Dec 2021 — | Mar 2022 — | Jun 2022 42.9 | Sep 2022 589.3 | Dec 2022 132.8 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 8.7 | Mar 2022 9.0 | Jun 2022 10.4 | Sep 2022 10.5 | Dec 2022 10.5 | Mar 2023 12.0 | Jun 2023 11.9 | Sep 2023 11.3 | Dec 2023 25.1 | Mar 2024 70.7 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 13.8 | Sep 2025 10.2 | Dec 2025 12.4 | Mar 2026 14.8 | Jun 2026 7.6 - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 6.4 | Mar 2023 7.9 | Jun 2023 6.3 | Sep 2023 7.8 | Dec 2023 18.6 | Mar 2024 12.7 | Jun 2024 13.7 | Sep 2024 14.1 | Dec 2024 12.4 | Mar 2025 10.9 | Jun 2025 10.3 | Sep 2025 14.4 | Dec 2025 14.1 | Mar 2026 15.5 | Jun 2026 — - RELL: Sep 2021 8.4 | Dec 2021 8.4 | Mar 2022 7.5 | Jun 2022 8.0 | Sep 2022 8.2 | Dec 2022 12.3 | Mar 2023 8.8 | Jun 2023 7.8 | Sep 2023 7.4 | Dec 2023 13.7 | Mar 2024 17.8 | Jun 2024 29.3 | Sep 2024 41.5 | Dec 2024 37.3 | Mar 2025 26.7 | Jun 2025 14.4 | Sep 2025 15.1 | Dec 2025 15.2 | Mar 2026 20.7 | Jun 2026 23.0 - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 27.1 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 52.6 | Mar 2024 142.4 | Jun 2024 85.6 | Sep 2024 54.2 | Dec 2024 545.5 | Mar 2025 25.9 | Jun 2025 33.4 | Sep 2025 167.5 | Dec 2025 55.5 | Mar 2026 436.6 | Jun 2026 — ### 20-quarter P/BV history - APH: Sep 2021 7.4 | Dec 2021 8.3 | Mar 2022 7.0 | Jun 2022 5.9 | Sep 2022 6.1 | Dec 2022 6.5 | Mar 2023 6.7 | Jun 2023 6.7 | Sep 2023 6.4 | Dec 2023 7.1 | Mar 2024 8.0 | Jun 2024 9.0 | Sep 2024 8.3 | Dec 2024 8.6 | Mar 2025 7.7 | Jun 2025 10.4 | Sep 2025 12.1 | Dec 2025 12.4 | Mar 2026 11.1 | Jun 2026 — - GLW: Sep 2021 2.6 | Dec 2021 2.6 | Mar 2022 2.5 | Jun 2022 2.3 | Sep 2022 2.1 | Dec 2022 2.2 | Mar 2023 2.5 | Jun 2023 2.6 | Sep 2023 2.2 | Dec 2023 2.2 | Mar 2024 2.5 | Jun 2024 3.0 | Sep 2024 3.5 | Dec 2024 3.6 | Mar 2025 3.5 | Jun 2025 4.1 | Sep 2025 5.8 | Dec 2025 6.4 | Mar 2026 10.4 | Jun 2026 — - TEL: Sep 2021 4.4 | Dec 2021 4.7 | Mar 2022 4.1 | Jun 2022 3.6 | Sep 2022 3.3 | Dec 2022 3.2 | Mar 2023 3.8 | Jun 2023 3.9 | Sep 2023 3.3 | Dec 2023 3.3 | Mar 2024 3.6 | Jun 2024 3.6 | Sep 2024 3.7 | Dec 2024 3.5 | Mar 2025 3.5 | Jun 2025 4.0 | Sep 2025 5.1 | Dec 2025 5.3 | Mar 2026 4.5 | Jun 2026 4.3 - FLEX: Sep 2021 — | Dec 2021 2.5 | Mar 2022 2.1 | Jun 2022 — | Sep 2022 1.6 | Dec 2022 2.2 | Mar 2023 1.9 | Jun 2023 2.3 | Sep 2023 2.0 | Dec 2023 1.6 | Mar 2024 2.2 | Jun 2024 2.4 | Sep 2024 2.6 | Dec 2024 3.0 | Mar 2025 2.5 | Jun 2025 3.7 | Sep 2025 4.3 | Dec 2025 4.3 | Mar 2026 4.7 | Jun 2026 — - CLS: Sep 2021 0.8 | Dec 2021 1.0 | Mar 2022 1.0 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 0.8 | Mar 2023 0.9 | Jun 2023 1.0 | Sep 2023 1.7 | Dec 2023 2.0 | Mar 2024 3.1 | Jun 2024 3.8 | Sep 2024 3.3 | Dec 2024 5.7 | Mar 2025 5.9 | Jun 2025 10.2 | Sep 2025 13.9 | Dec 2025 15.3 | Mar 2026 15.5 | Jun 2026 — - JBL: Sep 2021 — | Dec 2021 3.8 | Mar 2022 3.5 | Jun 2022 3.6 | Sep 2022 3.3 | Dec 2022 3.8 | Mar 2023 4.1 | Jun 2023 4.3 | Sep 2023 5.2 | Dec 2023 5.9 | Mar 2024 6.6 | Jun 2024 6.2 | Sep 2024 7.2 | Dec 2024 9.5 | Mar 2025 12.5 | Jun 2025 14.0 | Sep 2025 14.6 | Dec 2025 16.8 | Mar 2026 20.9 | Jun 2026 28.9 - FN: Sep 2021 3.4 | Dec 2021 3.6 | Mar 2022 3.2 | Jun 2022 2.4 | Sep 2022 2.7 | Dec 2022 3.4 | Mar 2023 3.0 | Jun 2023 3.2 | Sep 2023 4.0 | Dec 2023 4.3 | Mar 2024 4.1 | Jun 2024 5.1 | Sep 2024 4.8 | Dec 2024 4.3 | Mar 2025 3.7 | Jun 2025 5.3 | Sep 2025 6.2 | Dec 2025 7.8 | Mar 2026 — | Jun 2026 — - TTMI: Sep 2021 0.9 | Dec 2021 — | Mar 2022 1.1 | Jun 2022 1.0 | Sep 2022 0.8 | Dec 2022 0.9 | Mar 2023 1.0 | Jun 2023 0.9 | Sep 2023 0.9 | Dec 2023 0.9 | Mar 2024 1.1 | Jun 2024 1.0 | Sep 2024 1.3 | Dec 2024 1.6 | Mar 2025 1.3 | Jun 2025 2.6 | Sep 2025 3.5 | Dec 2025 4.2 | Mar 2026 5.0 | Jun 2026 — - LFUS: Sep 2021 3.8 | Dec 2021 — | Mar 2022 4.1 | Jun 2022 3.1 | Sep 2022 3.0 | Dec 2022 2.4 | Mar 2023 — | Jun 2023 2.9 | Sep 2023 3.1 | Dec 2023 2.7 | Mar 2024 2.4 | Jun 2024 2.6 | Sep 2024 2.6 | Dec 2024 2.4 | Mar 2025 2.0 | Jun 2025 2.2 | Sep 2025 2.4 | Dec 2025 2.7 | Mar 2026 3.3 | Jun 2026 — - SANM: Sep 2021 — | Dec 2021 1.4 | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 1.5 | Mar 2023 — | Jun 2023 — | Sep 2023 1.4 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1.7 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 2.6 | Dec 2025 — | Mar 2026 — | Jun 2026 — - VICR: Sep 2021 14.3 | Dec 2021 13.2 | Mar 2022 7.2 | Jun 2022 5.4 | Sep 2022 5.7 | Dec 2022 5.1 | Mar 2023 4.3 | Jun 2023 4.8 | Sep 2023 5.0 | Dec 2023 3.7 | Mar 2024 3.2 | Jun 2024 2.8 | Sep 2024 3.4 | Dec 2024 3.8 | Mar 2025 3.7 | Jun 2025 3.4 | Sep 2025 3.5 | Dec 2025 7.0 | Mar 2026 9.7 | Jun 2026 20.8 - RAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 2.0 | Sep 2025 1.6 | Dec 2025 3.5 | Mar 2026 — | Jun 2026 3.0 - PLXS: Sep 2021 — | Dec 2021 2.5 | Mar 2022 2.6 | Jun 2022 2.2 | Sep 2022 2.0 | Dec 2022 2.2 | Mar 2023 — | Jun 2023 2.3 | Sep 2023 2.3 | Dec 2023 2.4 | Mar 2024 2.1 | Jun 2024 2.2 | Sep 2024 2.8 | Dec 2024 3.2 | Mar 2025 2.6 | Jun 2025 2.6 | Sep 2025 2.6 | Dec 2025 — | Mar 2026 2.8 | Jun 2026 3.7 - OLED: Sep 2021 7.9 | Dec 2021 7.2 | Mar 2022 7.0 | Jun 2022 4.1 | Sep 2022 3.7 | Dec 2022 4.1 | Mar 2023 5.7 | Jun 2023 5.1 | Sep 2023 5.4 | Dec 2023 6.3 | Mar 2024 5.4 | Jun 2024 6.5 | Sep 2024 6.3 | Dec 2024 4.3 | Mar 2025 4.0 | Jun 2025 4.3 | Sep 2025 3.9 | Dec 2025 3.1 | Mar 2026 2.5 | Jun 2026 — - OSIS: Sep 2021 2.7 | Dec 2021 2.7 | Mar 2022 2.4 | Jun 2022 2.3 | Sep 2022 1.9 | Dec 2022 2.1 | Mar 2023 2.6 | Jun 2023 2.7 | Sep 2023 2.8 | Dec 2023 2.9 | Mar 2024 3.0 | Jun 2024 2.7 | Sep 2024 3.2 | Dec 2024 3.4 | Mar 2025 3.7 | Jun 2025 4.0 | Sep 2025 4.5 | Dec 2025 5.0 | Mar 2026 4.9 | Jun 2026 — - KN: Sep 2021 1.3 | Dec 2021 1.5 | Mar 2022 1.4 | Jun 2022 1.3 | Sep 2022 0.9 | Dec 2022 1.5 | Mar 2023 1.6 | Jun 2023 1.7 | Sep 2023 1.4 | Dec 2023 1.5 | Mar 2024 1.4 | Jun 2024 2.0 | Sep 2024 2.1 | Dec 2024 2.3 | Mar 2025 1.8 | Jun 2025 2.0 | Sep 2025 2.6 | Dec 2025 2.3 | Mar 2026 2.8 | Jun 2026 4.5 - BELFA: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 1.2 | Jun 2022 1.2 | Sep 2022 1.5 | Dec 2022 1.6 | Mar 2023 1.7 | Jun 2023 2.4 | Sep 2023 1.9 | Dec 2023 2.4 | Mar 2024 2.6 | Jun 2024 2.9 | Sep 2024 3.4 | Dec 2024 3.1 | Mar 2025 2.4 | Jun 2025 2.8 | Sep 2025 3.4 | Dec 2025 4.5 | Mar 2026 5.2 | Jun 2026 — - BHE: Sep 2021 1.0 | Dec 2021 1.0 | Mar 2022 0.9 | Jun 2022 0.8 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.8 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 1.3 | Sep 2024 1.5 | Dec 2024 1.5 | Mar 2025 1.2 | Jun 2025 1.3 | Sep 2025 1.2 | Dec 2025 1.4 | Mar 2026 1.8 | Jun 2026 — - OUST: Sep 2021 5.4 | Dec 2021 3.4 | Mar 2022 3.3 | Jun 2022 1.3 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 1.0 | Jun 2023 0.9 | Sep 2023 1.1 | Dec 2023 1.9 | Mar 2024 2.1 | Jun 2024 2.7 | Sep 2024 1.8 | Dec 2024 3.6 | Mar 2025 2.9 | Jun 2025 6.3 | Sep 2025 6.6 | Dec 2025 5.0 | Mar 2026 4.2 | Jun 2026 — - ROG: Sep 2021 3.2 | Dec 2021 4.6 | Mar 2022 4.6 | Jun 2022 4.5 | Sep 2022 4.2 | Dec 2022 1.9 | Mar 2023 2.6 | Jun 2023 2.5 | Sep 2023 2.0 | Dec 2023 2.0 | Mar 2024 1.8 | Jun 2024 1.8 | Sep 2024 1.6 | Dec 2024 1.5 | Mar 2025 1.0 | Jun 2025 1.0 | Sep 2025 1.2 | Dec 2025 1.4 | Mar 2026 1.6 | Jun 2026 — - CTS: Sep 2021 2.2 | Dec 2021 2.6 | Mar 2022 2.4 | Jun 2022 2.2 | Sep 2022 2.7 | Dec 2022 2.5 | Mar 2023 3.0 | Jun 2023 2.6 | Sep 2023 2.5 | Dec 2023 2.6 | Mar 2024 2.8 | Jun 2024 3.0 | Sep 2024 2.8 | Dec 2024 3.0 | Mar 2025 2.3 | Jun 2025 2.3 | Sep 2025 2.1 | Dec 2025 2.2 | Mar 2026 2.5 | Jun 2026 — - ALNT: Sep 2021 2.8 | Dec 2021 3.0 | Mar 2022 2.4 | Jun 2022 1.8 | Sep 2022 2.3 | Dec 2022 2.6 | Mar 2023 2.7 | Jun 2023 2.7 | Sep 2023 2.1 | Dec 2023 2.0 | Mar 2024 2.3 | Jun 2024 1.6 | Sep 2024 1.2 | Dec 2024 1.5 | Mar 2025 1.3 | Jun 2025 2.1 | Sep 2025 2.6 | Dec 2025 3.0 | Mar 2026 3.3 | Jun 2026 — - DAKT: Sep 2021 — | Dec 2021 1.3 | Mar 2022 1.1 | Jun 2022 0.8 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.9 | Jun 2023 1.0 | Sep 2023 1.4 | Dec 2023 1.9 | Mar 2024 1.5 | Jun 2024 1.8 | Sep 2024 3.0 | Dec 2024 2.3 | Mar 2025 2.9 | Jun 2025 2.3 | Sep 2025 2.8 | Dec 2025 3.1 | Mar 2026 3.8 | Jun 2026 3.2 - LYTS: Sep 2021 1.5 | Dec 2021 1.3 | Mar 2022 1.1 | Jun 2022 1.2 | Sep 2022 1.3 | Dec 2022 2.1 | Mar 2023 2.4 | Jun 2023 2.0 | Sep 2023 2.5 | Dec 2023 2.1 | Mar 2024 2.2 | Jun 2024 2.1 | Sep 2024 2.3 | Dec 2024 2.7 | Mar 2025 2.3 | Jun 2025 2.2 | Sep 2025 3.0 | Dec 2025 2.3 | Mar 2026 1.9 | Jun 2026 — - LPTH: Sep 2021 1.8 | Dec 2021 2.1 | Mar 2022 1.7 | Jun 2022 1.1 | Sep 2022 1.0 | Dec 2022 1.2 | Mar 2023 1.4 | Jun 2023 1.3 | Sep 2023 1.6 | Dec 2023 1.4 | Mar 2024 1.7 | Jun 2024 1.6 | Sep 2024 1.8 | Dec 2024 5.3 | Mar 2025 5.5 | Jun 2025 8.5 | Sep 2025 16.5 | Dec 2025 7.5 | Mar 2026 6.9 | Jun 2026 — - KOPN: Sep 2021 11.6 | Dec 2021 9.8 | Mar 2022 5.9 | Jun 2022 3.4 | Sep 2022 3.3 | Dec 2022 4.8 | Mar 2023 — | Jun 2023 2.8 | Sep 2023 6.6 | Dec 2023 7.7 | Mar 2024 42.1 | Jun 2024 -448.7 | Sep 2024 4.8 | Dec 2024 9.3 | Mar 2025 7.2 | Jun 2025 15.1 | Sep 2025 16.8 | Dec 2025 6.6 | Mar 2026 5.3 | Jun 2026 — - MEI: Sep 2021 — | Dec 2021 1.7 | Mar 2022 1.7 | Jun 2022 1.8 | Sep 2022 1.7 | Dec 2022 1.7 | Mar 2023 1.8 | Jun 2023 1.6 | Sep 2023 1.3 | Dec 2023 1.0 | Mar 2024 0.9 | Jun 2024 0.6 | Sep 2024 0.6 | Dec 2024 0.4 | Mar 2025 0.6 | Jun 2025 0.3 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 0.5 - MPTI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 1.7 | Mar 2023 2.0 | Jun 2023 1.9 | Sep 2023 2.8 | Dec 2023 5.0 | Mar 2024 3.9 | Jun 2024 4.2 | Sep 2024 4.5 | Dec 2024 4.5 | Mar 2025 3.9 | Jun 2025 3.5 | Sep 2025 4.4 | Dec 2025 2.9 | Mar 2026 3.3 | Jun 2026 — - RELL: Sep 2021 0.9 | Dec 2021 1.2 | Mar 2022 1.2 | Jun 2022 1.4 | Sep 2022 1.7 | Dec 2022 2.5 | Mar 2023 2.0 | Jun 2023 1.6 | Sep 2023 1.1 | Dec 2023 1.2 | Mar 2024 0.8 | Jun 2024 1.0 | Sep 2024 1.1 | Dec 2024 1.3 | Mar 2025 1.2 | Jun 2025 0.8 | Sep 2025 0.9 | Dec 2025 1.0 | Mar 2026 1.1 | Jun 2026 1.5 - OPTX: Sep 2021 — | Dec 2021 — | Mar 2022 -41.4 | Jun 2022 -21.1 | Sep 2022 -42.3 | Dec 2022 6.5 | Mar 2023 -112.1 | Jun 2023 -64.9 | Sep 2023 -58.4 | Dec 2023 14.1 | Mar 2024 23.5 | Jun 2024 9.2 | Sep 2024 3.7 | Dec 2024 8.4 | Mar 2025 3.9 | Jun 2025 4.5 | Sep 2025 5.8 | Dec 2025 11.1 | Mar 2026 29.8 | Jun 2026 — ## Market action Vicor Corporation has the strongest one-year price move in Electronic Components at +338.2%. Methode Electronics, Inc. leads on Mansfield relative strength against the S&P 500 at +58.6%. 21 of 30 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28. ### Strongest one-year price performers 1. Vicor Corporation (VICR): 338% 2. Syntec Optics Holdings, Inc. (OPTX): 273% 3. LightPath Technologies, Inc. (LPTH): 250% 4. TTM Technologies, Inc. (TTMI): 151% 5. Methode Electronics, Inc. (MEI): 134% ### Strongest relative strength versus NIFTY 500 1. Methode Electronics, Inc. (MEI): 59% 2. Richardson Electronics, Ltd. (RELL): 39% 3. Flex Ltd. (FLEX): 31% 4. Ralliant Corporation (RAL): 26% 5. Benchmark Electronics, Inc. (BHE): 25% ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker. ## Every company - Amphenol Corporation (APH) — market value ₹1.8 L Cr; latest fundamentals Mar 2026 - Corning Incorporated (GLW) — market value ₹1.1 L Cr; latest fundamentals Mar 2026 - TE Connectivity plc (TEL) — market value ₹62.0K Cr; latest fundamentals Jun 2026 - Flex Ltd. (FLEX) — market value ₹41.5K Cr; latest fundamentals Mar 2026 - Celestica Inc. (CLS) — market value ₹36.6K Cr; latest fundamentals Mar 2026 - Jabil Inc. (JBL) — market value ₹31.7K Cr; latest fundamentals Jun 2026 - Fabrinet (FN) — market value ₹16.1K Cr; latest fundamentals Dec 2025 - TTM Technologies, Inc. (TTMI) — market value ₹11.3K Cr; latest fundamentals Mar 2026 - Littelfuse, Inc. (LFUS) — market value ₹9.9K Cr; latest fundamentals Mar 2026 - Sanmina Corporation (SANM) — market value ₹9.2K Cr; latest fundamentals Mar 2026 - Vicor Corporation (VICR) — market value ₹8.8K Cr; latest fundamentals Jun 2026 - Ralliant Corporation (RAL) — market value ₹7.6K Cr; latest fundamentals Jun 2026 - Plexus Corp. (PLXS) — market value ₹6.7K Cr; latest fundamentals Jun 2026 - Universal Display Corporation (OLED) — market value ₹3.8K Cr; latest fundamentals Mar 2026 - OSI Systems, Inc. (OSIS) — market value ₹3.6K Cr; latest fundamentals Mar 2026 - Knowles Corporation (KN) — market value ₹3.1K Cr; latest fundamentals Jun 2026 - Bel Fuse Inc. (BELFA) — market value ₹3.0K Cr; latest fundamentals Mar 2026 - Benchmark Electronics, Inc. (BHE) — market value ₹2.8K Cr; latest fundamentals Mar 2026 - Ouster, Inc. (OUST) — market value ₹2.3K Cr; latest fundamentals Mar 2026 - Rogers Corporation (ROG) — market value ₹2.1K Cr; latest fundamentals Mar 2026 - CTS Corporation (CTS) — market value ₹1.9K Cr; latest fundamentals Mar 2026 - Allient Inc. (ALNT) — market value ₹1.4K Cr; latest fundamentals Mar 2026 - Daktronics, Inc. (DAKT) — market value ₹953 Cr; latest fundamentals Jun 2026 - LSI Industries Inc. (LYTS) — market value ₹853 Cr; latest fundamentals Mar 2026 - LightPath Technologies, Inc. (LPTH) — market value ₹688 Cr; latest fundamentals Mar 2026 - Kopin Corporation (KOPN) — market value ₹631 Cr; latest fundamentals Mar 2026 - Methode Electronics, Inc. (MEI) — market value ₹525 Cr; latest fundamentals Jun 2026 - M-tron Industries, Inc. (MPTI) — market value ₹355 Cr; latest fundamentals Mar 2026 - Richardson Electronics, Ltd. (RELL) — market value ₹274 Cr; latest fundamentals Jun 2026 - Syntec Optics Holdings, Inc. (OPTX) — market value ₹257 Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-28. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Which Electronic Components company is the biggest? Jabil Inc. is the largest, with trailing-twelve-month revenue of $33,590 million, ahead of Flex Ltd. at $27,914 million. That covers 24 of 30 companies with comparable reporting through Jun 2026. ### Which Electronic Components company is growing fastest? LightPath Technologies, Inc. has the fastest revenue growth at 87.9% year on year, across 24 of 30 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend. ### Which Electronic Components company has the best profit margins? Universal Display Corporation has the highest operating margin at 30.1%, from 30 of 30 comparable companies. Ouster, Inc. shows the biggest recent improvement, at +33.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Electronic Components company makes the most profit? Amphenol Corporation earns the most, at $4,504 million of trailing-twelve-month net profit, from 24 of 30 comparable companies. Allient Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Electronic Components company earns the highest return on capital? Celestica Inc. leads on return on capital employed at 9.1%, across 30 of 30 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Electronic Components stock is the cheapest? On guarded PEG — where a LOWER number is cheaper — Celestica Inc. screens cheapest at 0.62×. Only 16 of 30 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Which Electronic Components company has the strongest balance sheet? M-tron Industries, Inc. carries the lowest comparable gross debt at $0 million, from 29 of 30 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment. ### Which Electronic Components company is investing most in new capacity? Corning Incorporated reports the largest capital spending at $332 million, across 30 of 30 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation. ### Is the Electronic Components sector beating the market? Electronic Components has outperformed S&P 500 by 70.8% over the last 52 weeks and 3.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 21 of 30 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Electronic Components stock has the strongest price momentum? Methode Electronics, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Electronic Components company scores highest for research priority? Celestica Inc. scores 65.4 out of 100 with 82% evidence confidence, from 28.2 points on growth and earnings, 15.2 on capital efficiency, 15.2 on valuation and 6.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Electronic Components companies does this comparison cover, and over what period? It compares 30 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Electronic Components sector? The 30 Electronic Components companies on this page carry $555,427 million of combined market value. Amphenol Corporation is the largest at $176,969 million, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28. ### What is the Electronic Components sector's P/E ratio? The median price-to-earnings ratio across the 30 Electronic Components companies on this page is 38.6×, measured on the 28 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28. ### How is the Electronic Components sector performing? 21 of the 30 covered Electronic Components companies are beating S&P 500 on Mansfield relative strength. The sector itself is 70.8% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28. ### How many Electronic Components stocks are listed in the US? This comparison covers 30 listed Electronic Components companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser. Narrative sector analysis: https://www.sectoralpha.in/sectors/electronic-components