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Joe Quatrocchi

Director and Equity Research Analyst at Wells Fargo & Company/mn

Joe Quatrochi is a Director and Equity Research Analyst at Wells Fargo, specializing in technology hardware and semiconductor companies. He covers leading firms in the sector, including Applied Materials, ASML, KLA, Lam Research, and MKS Instruments, with a strong track record highlighted by a 63% success rate and an average return of 17.4% per rating on TipRanks, where he is ranked among the top analysts; his most profitable call, a Buy rating on Applied Materials from March 2020 to March 2021, generated over 200% return. Quatrochi has developed his expertise through an established tenure at Wells Fargo, but detailed information about previous firms and specific career timeline is not publicly available in the current search results. His professional credentials include roles that require standard FINRA Series 7 and 86/87 registrations typical for sell-side equity research analysts, though explicit license details are not disclosed in the available sources.

Joe Quatrocchi's questions to CADENCE DESIGN SYSTEMS (CDNS) leadership

Question · Q3 2025

Joe Quatrocchi asked for clarification on the OpEx dynamics, noting that Q3 was better than expected but Q4 is projected to be worse, and whether this relates to the timing of the Arm Artisan deal closing.

Answer

SVP and CFO John Wall explained that the OpEx timing is primarily related to hardware delivery shifts between Q3 and Q4. He mentioned that a small restructure benefited Q3, and healthy hardware gross margins were seen. The Q4 offset is due to new expenses from recent acquisitions.

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