What To Expect From Kulicke and Soffa’s (KLIC) Q4 Earnings

Petr Huřťák /
2023/11/14 2:02 am EST

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 $190.9 million, down 48.7% year on year, in line with analyst expectations. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.

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 30.1% year on year to $200.2 million, improvement on the 41% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.43 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 Q4 earnings results, giving us a hint what we can expect. Teradyne's revenues decreased 14.9% year on year, beating analyst estimates by 2.9% and Entegris reported revenue decline of 10.6% year on year, missing analyst estimates by 0.4%. Both stocks (Teradyne and Entegris) traded flat on the results. 

Read our full analysis of Teradyne's results here and Entegris's results here.

Investors in the semiconductor manufacturing segment have had steady hands going into the earnings, with the stocks down on average 2% over the last month. Kulicke and Soffa is down 3.8% during the same time, and is heading into the earnings with analyst price target of $57.3, compared to share price of $44.5.

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