BE Semiconductor Industries NV BESI

BESI

Equity

ISIN NL0012866412 / Valor 41641428

Euronext - Euronext Amsterdam (2024-11-21)

EUR 107.50+0.37%

BE Semiconductor Industries NV BESI
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About company

BE Semiconductor Industries N.V. (Besi) is a prominent player in the semiconductor industry, specializing in the development of advanced assembly processes and equipment. The company caters to a broad spectrum of end-user markets, including electronics, mobile internet, cloud server, computing, automotive, industrial, LED, and solar energy sectors. Besi's expertise spans across various packaging applications such as leadframe, substrate, and wafer level packaging. This diverse range of applications underscores the company's role in addressing the evolving needs of the semiconductor industry, positioning it as a key supplier of assembly solutions that facilitate the integration and performance of semiconductor devices across multiple technological platforms and applications.

Summarized from source with an LLMView SourceSector: Technology

Q2-24 Revenue

BE Semiconductor Industries NV BESI reported Q2-24 revenue of €151.2 million, which represents a 3.3% increase compared to Q1-24. This growth was primarily driven by higher shipments for photonics and 2.5D assembly applications, although it was down 7.0% compared to Q2-23 due to continued weakness in smartphone end markets.

Q2-24 Orders

Orders for BE Semiconductor Industries NV BESI in Q2-24 reached €185.2 million, marking a significant increase of 45.0% compared to Q1-24 and 64.5% compared to Q2-23. This growth was mainly attributed to significant demand for hybrid bonding, photonics, and 2.5D assembly solutions for AI applications, despite ongoing weakness in automotive end markets.

Q2-24 Net Income

BE Semiconductor Industries NV BESI's net income for Q2-24 was €41.9 million, which is a 23.2% increase compared to Q1-24. However, this figure represents a 20.3% decrease compared to Q2-23, primarily due to lower revenue and increased R&D spending in support of wafer-level assembly activities.

H1-24 Financial Performance

For the first half of 2024, BE Semiconductor Industries NV BESI reported revenue of €297.5 million, a slight increase of 0.5% compared to H1-23. This was driven by higher demand for hybrid bonding and other AI-related advanced packaging systems, offset by lower revenue from high-end mobile applications.

Q3-24 Outlook

Looking ahead to Q3-24, BE Semiconductor Industries NV BESI expects revenue to be flat, within a range of plus or minus 5% compared to the €151.2 million reported in Q2-24. The company also anticipates gross margins to range between 64-66%, with operating expenses expected to decrease by 0-5% compared to €49.0 million in Q2-24.

Summarized from source with an LLMView Source

Key figures

-10.7%1Y

24.7%3Y

221%5Y

Performance

48.7%1Y

48.6%3Y

47.4%5Y

Volatility