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KLIC — Kulicke And Soffa Industries News Story

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Brief: Kulicke and Soffa Q3 Adjusted EPS USD 0.07 Vs. IBES Estimate USD 0.05

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$148.40 mln$145.50 mln (5 Analysts)
Q3 Adjusted EPSBeat$0.07$0.05 (5 Analysts)
Q3 EPS-$0.06
Q3 Adjusted Net IncomeBeat$3.80 mln$2.79 mln (3 Analysts)
Q3 Net Income-$3.30 mln
Q3 Gross Margin46.7%
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.)

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