Apr. 11 at 7:20 PM
$CAAS They’re guiding to about
$730M for the year, which implies roughly
$193M in Q4, essentially flat with Q3. That’s worth keeping in perspective because both Q4 2023 and Q4 2024 had strong revenue jumps compared to 3rd Q. If that seasonal pattern repeats, there’s upside, but expectations should stay grounded around the headline number.
Q4 2024 came in at
$188M, so a
$193M quarter would only show modest sequential growth. Year over year, though, it’s still solid at around 13% growth,
$650M versus
$730M.
There are mixed signals. The U.S. market is seeing some pressure from tariffs and slowdowns, but China and Brazil are showing strong gains, and peer data suggests demand is very good. So there’s a real chance they outperform. However, even if they just hit
$193M, that would still be a strong result relative to their three year projections, especially with continued expansion outside China. Special dividend coming! Positioning is set. Would buy weakness.
