Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) will be reporting results this Wednesday after the bell. Here’s what you need to know.
Kulicke and Soffa missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $162 million, down 5.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.
Is Kulicke and Soffa a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kulicke and Soffa’s revenue to decline 19.7% year on year to $145.8 million, a further deceleration from the 4.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kulicke and Soffa has missed Wall Street’s revenue estimates twice over the last two years.
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. Amkor delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 6.3%, and Lam Research reported revenues up 33.6%, topping estimates by 3.3%. Amkor traded up 18.1% following the results while Lam Research was down 4.3%.
Read our full analysis of Amkor’s results here and Lam Research’s results here.
Investors in the semiconductor manufacturing segment have had steady hands going into earnings, with share prices flat over the last month. Kulicke and Soffa is down 8% during the same time and is heading into earnings with an average analyst price target of $39.60 (compared to the current share price of $32.85).
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