Kulicke and Soffa (KLIC) To Report Earnings Tomorrow: Here Is What To Expect

Petr Huřťák /
2023/08/07 5:35 am EDT

Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) will be announcing earnings results tomorrow after market hours. Here's what investors should know.

Last quarter Kulicke and Soffa reported revenues of $173 million, down 55% year on year, beating analyst revenue expectations by 1.17%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.

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This quarter analysts are expecting Kulicke and Soffa's revenue to decline 48.9% year on year to $190.1 million, a further deceleration on the 12.3% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 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 semiconductor manufacturing segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Amkor's revenues decreased 3.12% year on year, missing analyst estimates by 1.32%,  and FormFactor reported revenue decline of 23.5% year on year, missing analyst estimates by 3.94%. Amkor traded down 2.89% on the results, FormFactor was down 1.17%. Read our full analysis of Amkor's results here and FormFactor's results here.

Investors in the semiconductor manufacturing segment have had steady hands going into the earnings, with the stocks up on average 0.74% over the last month. Kulicke and Soffa is down 2.4% during the same time, and is heading into the earnings with analyst price target of $56.8, compared to share price of $55.3.

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