Bible 2Q25 – Autos: Semi recovery underway; tangible risks of pull-forwards slowing momentum in 2H
Today, we are publishing the Autos section of our 28th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Hyperscale & Cloud, Telecom Equipment, PCs, Enterprise IT, Foundry and Semicap Equipment.
The auto semiconductor recovery is underway, with revenues up 4% QoQ in 2Q25. However, part of the strength was driven by tariff-related pull-forwards, introducing near-...