Kulicke and Soffa Industries (NasdaqGS:KLIC) Q1 2026 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsJoseph Elgindy - Senior Director of Investor Relations, and Strategic PlanningLester Wong - Interim CEO and CFOConference Call ParticipantsCharles Shi - Managing Director, and Senior AnalystCraig Ellis - Senior Managing Director, Director of Research, and Senior Semiconductor and Capital Equipment AnalystDave Duley - Managing Principal, and Senior Equity AnalystKrish Sankar - Managing Directo ...

Kulicke and Soffa Industries (NasdaqGS:KLIC) Q1 2026 Earnings call February 05, 2026 08:00 AM ET Speaker6Greetings, and welcome to the Kulicke & Soffa first quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to intr ...

By Wen-Yee Lee TAIPEI, Feb 5 (Reuters) - ASE Technology Holding, the world's largest ​chip packaging and testing provider, said ‌on Thursday that it expects its advanced packaging business ‌to double in size to $3.2 billion in 2026. ASE Chief Operating Officer Tien Wu made the comment on a conference call ⁠following its quarterly ‌earnings, which saw it report fourth-quarter revenue of T$177.9 billion ($5.62 billion), ‍up 9.6% from a year earlier. It booked a 58% rise in net income. The holding ​compa ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...

Investor Presentation This presentation contains forward-looking statements within the meaning of the U.S. Securities Exchange Act of 1934 and the Securities Act of 1933. The forward-looking statements include statements concerning, among other things, our future business model and strategies, our financial model and structure, market and market share growth, industry trends, customer demand and growth opportunities. In some instances, you can identify these statements by forward-looking words, such as "may ...

on 03-Feb-2026 3 February 2026 Global Semiconductors Global Semis: Can Intel challenge TSMC with EMIB-T? And who benefits in the supply chain? David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com Mark Li +852 2123 2645 mark.li@bernsteinsg.com Jack Lin +852 2123 2683 jack.lin@bernsteinsg.com Juho Hwang +852 2123 2632 juho.hwang@bernsteinsg.com Carmine Milano +44 20 7762 1857 carmine.milano@bernsteinsg.com Edward Hou, CFA +852 2123 2623 edward.hou@bernsteinsg.com Yipin Cai, CFA +852 2123 2669 yipin.cai@ber ...

重申看好先进封装、国产算力及 CPU 产业链 20260202 摘要 半导体封测行业进入强周期，台厂和陆厂封测涨价，存储封测行情启动， 南茂等台厂涨价幅度达 30%-40%，国科微、中微半导体等传统封测也 发布涨价通知，日月光等龙头企业报价涨幅接近 20%。 国内企业加速卡位先进封装环节，2026 年将成为国内先进封装产能从 小批量到大规模扩张的起点。长电科技、通富微电、永新电子、华天科 技等公司在 2.5D 技术上取得进展，盛合晶微 IPO 将重塑封测行业估值 体系。 国产模型进入密集发布期，字节跳动等公司推出新模型，对推理侧需求 有明确拉动作用。字节跳动 1 月份日均 token 消耗量约 60 万亿，中期 目标为 180 万亿，春节期间算力需求激增，计划投入 1,000-1,500 万 K8S 支持算力储备。 主要云厂商如华为 Atlas、升思等将从单卡切换至超节点采购方案，以 提升推理性能与性价比，2026 年是国产算力产业链明确元年，看好相 关产业链。 CPU 需求持续增长，微软构建企业级 AI 应用与智能体闭环，客户在工 作负载中使用多个模型，提升 CPU 在调度、管理等环节中的参与度。企 业级用 ...

Core Insights - KLA reported strong financial results for the December quarter, with revenue of $3.3 billion and a 17% year-over-year growth, driven by investments in advanced foundry/logic and memory technologies [1][4] - The company highlighted AI infrastructure demand as a significant growth driver, particularly in advanced logic, high bandwidth memory (HBM), and advanced packaging [2][6] - KLA's full-year results for 2025 showed record revenue of $12.745 billion, a 17% increase year-over-year, with a non-GAAP gross margin of 62.8% and a 29% rise in earnings per share [3][6] Financial Performance - KLA's non-GAAP diluted EPS for the December quarter was $8.85, while GAAP diluted EPS was $8.68 [1] - The company generated free cash flow of $4.4 billion, marking a 30% increase year-over-year, and returned $3 billion to shareholders through dividends and share repurchases [3][6] - The services business generated $786 million in revenue for the December quarter, reflecting an 18% year-over-year growth [8] Market Outlook - KLA guided for March quarter revenue of $3.35 billion ± $150 million and non-GAAP EPS of $9.08 ± $0.78, with expectations for the 2026 total WFE + packaging market to be in the mid-$130 billion range [5][14] - The company anticipates continued growth in advanced packaging, with year-over-year growth expectations in the mid- to high-teens [11] - Management expects the core WFE market to grow in the high single- to low double-digit percentage range, with advanced packaging projected to reach approximately $12 billion [15] Industry Dynamics - KLA noted that DRAM is expected to grow faster than foundry/logic, driven by HBM demand, with industry forecasts indicating DRAM growth of roughly 15%–20% [21] - The company is experiencing supply constraints, with many products virtually sold out in the first half of 2026, affecting shipment decisions made in mid-2025 [21] - Rising process control intensity in memory, particularly DRAM tied to HBM, is driving tighter requirements for inspection and metrology [13]

Financial Data and Key Metrics Changes - For 2025, the company reported a revenue growth of 17% to a record $12.745 billion, with earnings per share increasing by 29% year-over-year [4][5] - Gross margins and operating margins were maintained at 62.8% and 43.6%, respectively, while free cash flow grew by 30% to $4.4 billion [5][6] - In the December quarter, revenue was $3.3 billion, with non-GAAP diluted EPS at $8.85 and GAAP diluted EPS at $8.68, reflecting a 17% year-over-year revenue growth [6][10] Business Line Data and Key Metrics Changes - The process control systems business revenue grew by 19%, while the service business grew by 15% for the year [6][8] - Advanced packaging revenue reached approximately $950 million for calendar 2025, representing over 70% year-over-year growth [8] - The service business generated $786 million in the December quarter, up 6% sequentially and 18% year-over-year, marking the 16th consecutive year of annual service revenue growth [8] Market Data and Key Metrics Changes - The company expects the core wafer fabrication equipment (WFE) market to grow in the high single- to low double-digit percentages, reaching the low $120 billion range in 2026 [13][14] - Advanced packaging is projected to grow similarly to approximately $12 billion, contributing to a total market forecast in the mid-$130 billion range [14] - China’s WFE market is expected to be flat or slightly positive in 2026, with the company estimating it to be in the mid- to high-$30 billion range [30] Company Strategy and Development Direction - The company is focused on supporting customers, investing in next-generation product development, and executing product roadmaps to drive productivity [15][18] - KLA aims to capitalize on technology transitions and growth drivers in the semiconductor industry, particularly in advanced packaging and process control [18][19] - The company is positioned to benefit from increasing demand for custom silicon and advanced process control solutions [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company’s ability to outperform the market in 2026, driven by rising process control intensity and growth in advanced packaging [17][18] - The first half of 2026 is expected to see mid-single-digit revenue growth compared to the second half of 2025, with accelerating growth anticipated in the latter half [15][17] - Management noted supply constraints impacting growth potential, particularly in the first half of the year, but expressed optimism for the second half [31][50] Other Important Information - The company ended the quarter with $5.2 billion in cash and cash equivalents, and $5.9 billion in debt [12] - The effective tax rate for the quarter was 15%, with expectations for a planning tax rate of 14.5% for 2026 [11][17] - The company’s business model is designed to deliver 40%-50% incremental operating margin leverage on revenue growth over the long run [16] Q&A Session Summary Question: Clarification on WFE growth forecast - The company clarified that its forecast for WFE growth is around $110 billion for 2025, with advanced packaging contributing to a total of low $120s for 2026, differing from peers' higher estimates due to varying definitions of WFE [22][25] Question: Supply constraints impact - Management indicated that supply constraints are primarily due to long lead times for optical components, affecting first-half growth potential, but they expect to see acceleration in the second half of 2026 [48][50] Question: Growth in inspection and patterning - The company expects continued strong growth in inspection and patterning, driven by increased demand for yield and manufacturability, particularly in the context of AI and advanced memory technologies [37][39] Question: Trajectory of gross margins - Management anticipates that March will be the low point for gross margins, with expectations for gradual improvement throughout the year, driven by product mix and volume increases [52][60] Question: DRAM process control intensity - The company noted that DRAM process control intensity is increasing, driven by technological advancements and customer demand for higher performance, but it remains distinct from advanced logic [67][69]