Singapore's Kulicke and Soffa Q3 revenue more than doubles, beats estimates
KLIC•Fourth-quarter outlook
Kulicke and Soffa expects Q4 net revenue of $375 million +/- $20 million.
The company sees Q4 GAAP diluted EPS of $1.29 +/- 10% and Q4 non-GAAP diluted EPS of $1.42 +/- 10%.
What drove the results
- Improving demand - The company said demand conditions improved across all end markets, driving sequential revenue growth.
Q3 results beat estimates
Singapore semiconductor assembly firm Kulicke and Soffa said its fiscal third-quarter revenue more than doubled year over year, beating analyst expectations.
Adjusted EPS for fiscal Q3 also beat consensus, driven by improving demand across end markets.
The company forecast fiscal fourth-quarter revenue and EPS to rise further.
Key financial details and analyst coverage
| 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 |
