Kulicke & Soffa Industries (KLIC) Tops Q3 EPS by 8c

Kulicke & Soffa Industries (NASDAQ: KLIC) reported Q3 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $216.4 million versus the consensus estimate of $200.76 million.

Advanced Packaging Solutions:

Kulicke & Soffa continues to expand its presence in the advanced packaging market, through focused feature development and strategic customer engagement.

K&S has a complete offering of advanced packaging solutions supporting Fan-Out Wafer Level Packaging (FOWLP), Wafer Level Packaging (WLP), Flip Chip, System-in-Package (SiP), Package-on-Package (PoP), Embedded Die and Thermo-Compression Bonding (TCB).

Continuing from the first market acceptance of its APAMA™ solutions in February this year, K&S recently received a third purchase order from a global memory manufacturer. In addition, K&S has shipped more than 60 sets of its HYBRID equipment, a multi-application advanced packaging solution, to a major assembly and test provider supporting premium smartphone SIP applications.

Tong Liang Cheam, Kulicke & Soffa’s Vice President of the Advanced Packaging Business Line and Corporate Strategy, commented, “Over the past several years we have aggressively expanded our market presence which now collectively addresses every high-growth advanced packaging process. The recent market successes serve as a testament to our unwavering dedication to support and resolve our customers’ most challenging interconnect requirements.”

K&S continues to further its advanced packaging program through ongoing evaluations, qualifications and its global sampling program with leading integrated device manufacturers and assembly and test providers.

GUIDANCE:

Kulicke & Soffa Industries sees Q4 2016 revenue of $135-145 million, versus the consensus of $186.7 million.

For earnings history and earnings-related data on Kulicke & Soffa Industries (KLIC) click here.

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