Overview
Kulicke and Soffa Q3 revenue of $148.4 mln beats analyst expectations, per LSEG data
Adjusted EPS of $0.07 exceeds estimates, non-GAAP net income also beats
Company repurchased $21.6 mln in shares during the quarter
Outlook
Kulicke and Soffa expects Q4 revenue of $170 mln +/- $10 mln
Company projects Q4 GAAP diluted EPS of $0.08 +/- 10%
Kulicke and Soffa sees Q4 non-GAAP diluted EPS of $0.22 +/- 10%
Result Drivers
TECHNOLOGY TRANSITIONS - CEO Fusen Chen attributes results to execution on multiple technology transitions and customer engagements
MARKET FEEDBACK - Positive market feedback and order momentum in high-volume regions cited as encouraging factors
PORTFOLIO EXPANSION - Expansion of portfolio unlocking new opportunities in semiconductor, memory, automotive, and industrial markets
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$148.40 mln
$145.50 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.07
$0.05 (5 Analysts)
Q3 EPS
-$0.06
Q3 Adjusted Net Income
Beat
$3.80 mln
$2.79 mln (3 Analysts)
Q3 Net Income
-$3.30 mln
Q3 Gross Margin
46.7%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for Kulicke and Soffa Industries Inc is $38.50, about 15.9% above its August 5 closing price of $32.36
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nPn9x5vZva
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)