Singapore's Kulicke and Soffa Q3 revenue more than doubles, beats estimates
Singapore's Kulicke and Soffa Q3 revenue more than doubles, beats estimates
Overview
Singapore semiconductor assembly firm's fiscal Q3 revenue more than doubled yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 beat consensus, driven by improving demand across end markets
Company forecasts Q4 revenue and EPS to rise further
Outlook
Kulicke and Soffa expects Q4 net revenue of $375 mln +/- $20 mln
Company sees Q4 GAAP diluted EPS of $1.29 +/- 10%
Kulicke and Soffa expects Q4 non-GAAP diluted EPS of $1.42 +/- 10%
Result Drivers
IMPROVING DEMAND - Co said demand conditions improved across all end markets, driving sequential revenue growth
Company press release: ID:nPn1qfTBja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $330.40 mln | $311.67 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $1.20 | $1.008 (3 Analysts) |
Q3 EPS |
| $1.07 |
|
Q3 Adjusted Net Income | Beat | $64.20 mln | $53.95 mln (2 Analysts) |
Q3 Net Income |
| $57.40 mln |
|
Q3 Gross Margin |
| 47.80% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $97.50, about 3.9% above its August 4 closing price of $93.85
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago
Reuters Recommended Reads
Aug 4 - Atomera Q2 revenue rises as customer engagements advance
Aug 5 - GlobalFoundries tops second quarter estimates on AI chip demand
Aug 5 - Vishay Intertechnology Q2 revenue rises on strong demand across markets
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Recent news on Kulicke And Soffa Industries
See all newsKulicke and Soffa Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Singapore's Kulicke and Soffa Q3 revenue more than doubles, beats estimates
Brief: Kulicke and Soffa Q3 Adjusted EPS USD 1.2
Kulicke and Soffa Industries Inc expected to post earnings of $1.01 a share - Earnings Preview
Kulicke and Soffa beats Q2 revenue, profit estimates on chip, auto markets demand