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BE Semiconductor (BESIY)
OTHER OTC:BESIY
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Earnings Data
Report Date
Feb 20, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.69Last Year’s EPS
$0.74Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 41.32%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call for Besi highlighted strong revenue and order growth, driven by AI applications, and a significant increase in net income. However, continued weakness in automotive and Chinese markets, shipment delays impacting Q4 revenue, and a reduced growth forecast for the assembly equipment market present challenges. Overall, the sentiment is a balanced mix of positive achievements and notable challenges.Company Guidance
During Besi's Q3 2024 earnings call, the company provided guidance for the upcoming fourth quarter, forecasting flat revenue with a possible variation of plus or minus 10% compared to the third quarter's EUR 156.6 million. Gross margins are anticipated to range between 63% and 65%, influenced by the projected product mix. Operating expenses are expected to remain flat or increase by up to 5% from Q3 levels. The guidance reflects ongoing strength in hybrid bonding applications for AI markets, partially offset by continued weakness in mainstream assembly markets and shipment delays of certain hybrid bonding systems originally scheduled for Q4.Strong Revenue and Order Growth
Besi reported Q3 revenue of EUR 156.6 million, up 27%, and orders of EUR 151.8 million, up 19.2% from the previous year. This growth was driven by computing markets, including AI applications.
Net Income Increase
Net income for Q3 was EUR 46.8 million, representing a 33.7% increase from the previous year, due to increased advanced packaging revenue and improved gross margins.
Financial Position Improvement
Net cash increased to EUR 110.7 million at the end of Q3, an improvement of EUR 36.3 million from Q2, despite increased share buybacks.
Hybrid Bonding Orders and Capacity Expansion
Substantial orders for hybrid bonding systems were received, with plans to double clean room capacity in Malaysia in 2025 to accommodate future growth.
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BESIY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BESIY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $108.07 | $114.45 | +5.90% |
| Jul 25, 2024 | $152.66 | $131.14 | -14.10% |
| Apr 25, 2024 | $146.50 | $143.66 | -1.94% |
| Feb 22, 2024 | $165.84 | $174.07 | +4.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BE Semiconductor (BESIY) report earnings?
BE Semiconductor (BESIY) is schdueled to report earning on Feb 20, 2025, Before Open Not Confirmed.
What is BE Semiconductor (BESIY) earnings time?
BE Semiconductor (BESIY) earnings time is at Feb 20, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BESIY EPS forecast?
BESIY EPS forecast for the fiscal quarter 2024 (Q4) is $0.69.
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