BE Semiconductor (GB:0XVE) has released an update.
BE Semiconductor Industries N.V. reported impressive growth in Q3-24, with revenues surging by 27% and net income by 33.7% compared to Q3-23, driven by robust demand in AI-related hybrid bonding and photonics applications. Despite challenges in the automotive and Chinese markets, the company’s advanced packaging portfolio continues to thrive, boosting its financial position with a net cash increase to €110.7 million. The company anticipates further growth, supported by expanding production capacity for advanced packaging technologies.
For further insights into GB:0XVE stock, check out TipRanks’ Stock Analysis page.
