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KLIC — Kulicke And Soffa Industries News Story

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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.)

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