supply chain
What Executives Are Saying
“Today, we are proud to report a June quarter revenue record of $94 billion, up 10% from a year ago, which was better than we expected. EPS set a June quarter record of $1.57, up 12% year over year.”
“We see AI as one of the most profound technologies of our lifetime. We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments.”
“In terms of pull forward, we would estimate the pull forward of demand into April specifically to be about one point of the 10 points in terms of people buying because of discussions about tariffs.”
“The vast majority of the iPhones sold in the U.S. have a country of origin of India. And the vast majority of the other products, the Macs, iPad and Watch have a country of origin of Vietnam.”
“We're making good progress on a more personalized Siri, and we do expect to release the features next year. We are significantly growing our investment.”
“We expect our September quarter total company revenue to grow mid to high single digits year over year. We expect services revenue to grow at a year over year rate similar to what we reported in the June quarter.”
Companies in This Theme
Record June quarter at $94B with broad-based growth. iPhone up 13% with a June quarter upgrader record. Services hit all-time high at $27.4B. Tariff headwind is real at $800M this quarter and $1.1B projected next quarter, but Apple is absorbing it within strong margins.
Crushing margins collapsed 93% as deferred U.S. biofuel policy killed demand. Full-year EPS guidance slashed from ~$4.00 to $3.25-$3.50. The only bright spots are Nutrition (up 24%) and ethanol pricing, but they can't offset the structural margin compression in the core oilseeds business.
Aptiv is splitting into two public companies to unlock value. New Aptiv (Intelligent Systems + Engineered Components) targets 4-7% revenue growth and ~21% EBITDA margins by 2028. The EDS spin-off signals automotive supplier maturity — growth is moderating to 3-4%, and the company is pivoting hard into non-auto end markets like aerospace, telecom, and industrial AI at the edge.
Revenue up 14% YoY with growth across all end markets including industrial and automotive. Analog segment leading at 16% growth. Massive capex cycle continues with $4.8B trailing twelve-month capital expenditures positioning TI for long-term capacity dominance.
Avery Dennison is holding steady in a tough environment but organic sales were flat. Materials Group is seeing deflation-related price reductions eating into volumes. Solutions Group is the bright spot with Intelligent Labels growing mid-single digits and Vestcom/Embelex both up double digits.
Celanese is in full-on cash preservation and deleveraging mode against a macro backdrop that refuses to improve. Sequential net sales declined 4%, auto builds fell 2%, and consumer/medical/industrial demand remains below normal. The only bright spots are self-help cost cuts and inventory discipline — not demand recovery.
Competitor Mentions Across This Theme
| Competitor | Mentions | By | Sentiment |
|---|---|---|---|
| Wind River | 15 | 1 company | BULLISH |
| 4 | 2 companies | CAUTIOUS | |
| Wilmar International | 4 | 1 company | CAUTIOUS |
| Epic | 2 | 1 company | CAUTIOUS |
| MP Materials | 2 | 1 company | BULLISH |
| World Panel (Kantar) | 2 | 1 company | BULLISH |
| Meta | 1 | 1 company | NEUTRAL |
“Wind River Studio tools for ADAS ML stack development, OTA updates, and data harvesting”
— on Wind River
Operator Implications
Apple's installed base hit all-time highs across every product and geo segment. If you're building on Apple platforms, your addressable market is expanding. But watch the tariff math — $1.1B in projected Q4 costs means Apple may eventually pass costs to consumers or squeeze supplier margins. The AI investment acceleration is real: CapEx is growing substantially with AI as the primary driver.
If you're selling into ag-tech or biofuel supply chains, budget cycles are frozen until Washington provides biofuel policy clarity — probably not until mid-2026. Shift sales focus to Nutrition/flavors customers where ADM is actually growing.
If you sell into automotive OEMs, budget cycles are getting longer and more complex as suppliers like Aptiv restructure. But if you build edge AI, robotics, or industrial automation solutions, Aptiv's aggressive pivot into non-auto markets signals real demand from a $12B+ buyer willing to invest organically and via M&A.
If you're building hardware products dependent on analog or embedded chips, TI's capacity buildout signals improving supply availability over the next 12-18 months — but their pricing power will remain strong as demand recovers.
If you're selling into retail or supply chain digitization, the RFID/intelligent labels wave is real and accelerating — Avery's Solutions Group growth confirms enterprise buyers are actively spending here even as broader materials demand softens.
If you sell into any Celanese end-market — auto, industrial, construction, coatings — budget cycles are frozen. Their entire strategy is cost-cutting and deleveraging, not growth investment. Don't expect procurement teams at materials companies to greenlight new vendor relationships until demand visibly turns.