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/Mis Actual Consensu

s s

Estimate

Q3 Beat $148.40 $145.50

Revenue mln mln (5

Analysts

)

Q3 Beat $0.07 $0.05 (5

Adjusted Analysts

EPS )

Q3 EPS -$0.06

Q3 Beat $3.80 $2.79

Adjusted mln mln (3

Net Analysts

Income )

Q3 Net -$3.30

Income mln

Q3 Gross 46.7%

Margin

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 ( KLIC ) 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:

(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.)