Earnings To Watch: Kulicke and Soffa (KLIC) Reports Q1 Results Tomorrow

Petr Huřťák /
2024/01/30 2:01 am EST

Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) will be reporting results tomorrow after market hours. Here's what you need to know.

Last quarter Kulicke and Soffa reported revenues of $202.3 million, down 29.3% year on year, beating analyst revenue expectations by 1.1%. It was a mixed quarter for the company, with an impressive beat of analysts' EPS estimates but underwhelming revenue guidance for the next quarter.

Is Kulicke and Soffa buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Kulicke and Soffa's revenue to decline 2.4% year on year to $172 million, improvement on the 61.8% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.

Kulicke and Soffa Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Kulicke and Soffa's peers in the semiconductors segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Lam Research's revenues decreased 28.8% year on year, beating analyst estimates by 1.4% and KLA Corporation reported revenue decline of 16.7% year on year, exceeding estimates by 1.1%. Lam Research traded down 3.5% on the results, and KLA Corporation was down 6.6%.

Read our full analysis of Lam Research's results here and KLA Corporation's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 3.7% over the last month. Kulicke and Soffa is up 1.7% during the same time, and is heading into the earnings with analyst price target of $58.3, compared to share price of $53.6.

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The author has no position in any of the stocks mentioned.