Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) will be reporting earnings this Wednesday after the bell. Here’s what you need to know.
Kulicke and Soffa beat analysts’ revenue expectations last quarter, reporting revenues of $242.6 million, up 49.8% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ operating income estimates.
Is Kulicke and Soffa a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kulicke and Soffa’s revenue to grow 111% year on year, a reversal from the 18.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kulicke and Soffa rarely misses Wall Street’s revenue estimates.
Looking at Kulicke and Soffa’s peers in the semiconductor manufacturing segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FormFactor delivered year-on-year revenue growth of 31.9%, beating analysts’ expectations by 7.6%, and Teradyne reported revenues up 104%, topping estimates by 9.4%. FormFactor traded up 26.3% following the results while Teradyne’s stock price was unchanged.
Read our full analysis of FormFactor’s results here and Teradyne’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the semiconductor manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 10.5% on average over the last month. Kulicke and Soffa is down 24.7% during the same time and is heading into earnings with an average analyst price target of $100 (compared to the current share price of $90.12).
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