Kulicke & Soffa's stock surged 8.23% in the post-market session following the release of its fiscal second-quarter results, which significantly exceeded analyst expectations.
The semiconductor equipment maker reported Q2 revenue of $242.6 million, beating the consensus estimate of $230 million, and adjusted EPS of $0.79, surpassing the $0.67 forecast. The company swung to a net income of $35.1 million from a loss in the prior-year period, with a gross margin of 49.3%.
Interim CEO and CFO Lester Wong attributed the strong performance to "stronger-than-anticipated demand across semiconductor, memory, automotive and industrial markets." The company also provided upbeat guidance for Q3, forecasting net revenue of approximately $310 million and GAAP diluted EPS of about $0.87, indicating sequential growth.
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