Top Research Reports for Apple, Broadcom & Shell

Friday, September 4, 2026

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Broadcom Inc. (AVGO) and Shell plc (SHEL), as well as a micro-cap stock KVH Industries, Inc. (KVHI). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.

These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

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You can read today's AWS here >>> Non-farm Payrolls Surprise Higher: +162K, +4.1% Unemployment

Today's Featured Research Reports

Shares of Apple have gained +19% over the year-to-date period against the Zacks Computer - Micro Computers industry’s gain of +27.3%. The company’s third-quarter fiscal 2026 results showed broad demand across iPhone and Mac, while Services benefited from a record installed base and rising paid subscriptions.

Siri AI and deeper on-device intelligence can strengthen ecosystem engagement and support future hardware upgrades. Apple’s cash generation and continued buybacks also provide support. 

However, fourth-quarter fiscal 2026 growth is expected to slow as foreign exchange and supply constraints intensify. Memory costs are rising, recent price increases may test demand, and tariff refunds provided a temporary benefit to margins and earnings. 

App Store changes and regulatory actions remain an added risk to Services economics. These offsets leave the long-term growth case intact, but the near-term mix of execution, cost and policy risks supports a Neutral view.

(You can read the full research report on Apple here >>>)

Broadcom’s shares have gained +3% over the year-to-date period against the Zacks Electronics - Semiconductors industry’s gain of +23.4%. The company is benefiting from expanding AI infrastructure spending, with custom XPUs and networking driving semiconductor growth while VMware supports infrastructure software.

Multiyear engagements with six XPU customers, broader Ethernet adoption and rising AI deployments provide long-term revenue visibility. Free cash flow remains substantial, non-AI semiconductor demand is stabilizing and debt reduction improves financial flexibility. 

However, the investment case is balanced by high customer concentration, intense competition, declining gross margin as XPUs mix higher, and execution risk tied to large AI infrastructure commitments. 

Broadcom also remains exposed to a sizable debt burden and integration complexity. These factors offset the strength of Broadcom’s AI-led growth profile and support a Neutral recommendation.

(You can read the full research report on Broadcom here >>>)

Shares of Shell have gained +29.7% over the year-to-date period against the Zacks Oil and Gas - Integrated - International industry’s gain of +39.1%. The company benefits from higher commodity prices, robust LNG trading, improved refining and chemicals margins and disciplined execution that supports solid cash generation. 

Shell continued rewarding shareholders through dividends and buybacks while strengthening its balance sheet with lower debt. In addition, portfolio optimization and strategic investments, including the ARC Resources acquisition, enhance its long-term growth outlook. However, Shell remains exposed to geopolitical disruptions, commodity price volatility and execution risks tied to major acquisitions. 

Some businesses, including Marketing and Renewables & Energy Solutions, underperformed, while higher maintenance activity weighs on production. Hence, a Neutral recommendation appears justified as long-term strengths are balanced by near-term uncertainties.

(You can read the full research report on Shell here >>>)

KVH Industries’ shares have gained +2.3% over the year-to-date period against the Zacks Communication - Components industry’s gain of +70.3%. This microcap company with a market capitalization of $128.26 million has an investment case that centers on its shift toward recurring LEO connectivity and managed services. Rising Starlink and OneWeb adoption is supporting airtime revenues, subscriber growth and adjusted EBITDA, while sustained terminal shipments underpin further recurring-revenue expansion.

A debt-free balance sheet and scalable operating platform add flexibility, while managed IT, cybersecurity and multi-network services could deepen customer value. Risks include dependence on third-party LEO providers, declining legacy VSAT and TracVision demand, manufacturing wind-down costs, margin pressure and cash for prepaid capacity. 

Execution on value-added services and subscriber monetization remains key. The valuation suggests potential upside for investors if KVHI successfully converts its growing recurring revenue base into stronger margins and cash generation.

(You can read the full research report on KVH Industries here >>>)

Other noteworthy reports we are featuring today include Robinhood Markets, Inc. (HOOD), MongoDB, Inc. (MDB) and Watts Water Technologies, Inc. (WTS).

Mark Vickery
Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

Strong iPhone 17 & Services Growth to Aid Apple's (AAPL) Prospects

Strong Demand for Networking Products Aids Broadcom (AVGO)

Strong Balance Sheet with Reduced Net Debt Aids Shell (SHEL)

Featured Reports

Watts Water (WTS) Benefits from Data Center and Margin Growth
Per the Zacks analyst, Watts Water's data center growth and pricing discipline are supporting margins, while acquisitions and productivity initiatives are strengthening its growth prospects.

FAA Progress and Defense Pipeline Support Archer Aviation (ACHR)
Per the Zacks analyst, Archer Aviation should benefit from FAA progress, UAE launch plans and expanding flight activity. Defense, AI and ample liquidity should support long-term growth.

TNGX's Lead Candidate Drives Upside, But Sparse Pipeline Worries
Per the Zacks Analyst, Tango's lead PRMT5 inhibitor and multiple clinical catalysts support long-term potential, but its lack of marketed products and limited pipeline remain key risks.

Growing Top Line, Solid Capital Position Aid Palomar (PLMR)
Per the Zacks analyst, Palomar's growing revenues driven by higher premiums and net investment income have led to significant growth. Moreover, robust capital position supports capital deployment.

Insperity (NSP) Benefits From PEO Demand Amid Elevated Borrowings
Per the Zacks analyst, Insperity's long-term growth is aided by rising demand for professional employer organization (PEO). Higher debt constrains financial flexibility and raises interest-rate risk.

Loan Sourcing Aids Ellington Financial (EFC), Yet Rate Risks Persist
Per the Zacks analyst, Ellington Financial benefits from wider sourcing, recurring Longbridge earnings and flexible funding supporting income and dividends. However, rate and asset-mark risks persist.

Phibro (PAHC) Rides on Animal Health Arm, Unfavorable FX Ails
Per the Zacks analyst, Phibro's Animal Health arm remains a key contributor to growth. Meanwhile, foreign currency losses were $12.6 million in fiscal 2026, compared with $7.9 million in fiscal 2025.

New Upgrades

Product Diversification, Business Expansion Aid Robinhood (HOOD)
Per the Zacks analyst, product diversification and deeper wallet share will likely continue to aid Robinhood. Business expansion initiatives will deepen its global presence.

MongoDB's Atlas Extends Enterprise Traction Amid Rising AI Data Layers
MongoDB's Atlas platform keeps winning enterprise customers, even as cloud-giant competition and consumption-based revenue add uncertainty to the growth story.

Solid Demand for AI Servers Aids Dell Technologies (DELL) Prospects
Per the Zacks analyst, Dell is benefiting from strong demand for AI servers driven by ongoing digital transformation and heightened interest in generative AI applications.

New Downgrades

Oil Price, Execution & Leverage Risks to Hurt Vista Energy (VIST)
Per the Zacks analyst, oil price sensitivity, infrastructure risks, high spending & acquisition leverage pressure Vista Energy's cash flow, deleveraging & financial flexibility.

Weak Commodity Prices and Lower Sales Ail Lindsay (LNN)
The Zacks analyst is concerned that lower sales in its North America irrigation business will hurt Lindsay's results in the near term. Weak commodity prices will also act as a woe.

On Holding AG (ONON) Faces Tariff, Cost Pressures Outlook
Per the Zacks analyst, ONON faces tariff uncertainty and rising SG&A costs as reinvestment in brand, retail and capacity expansion weighs on profitability.

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research