Be Semiconduct Stock Price, News & Analysis

BE Semiconductor Industries (BESIY) reported Q1-25 results with revenue of €144.1 million, down 6.1% vs Q4-24 and 1.5% vs Q1-24, primarily due to lower mobile and automotive shipments. Orders increased 8.2% to €131.9 million vs Q4-24, driven by AI-related data center applications.

Net income was €31.5 million, decreasing 46.9% vs Q4-24 and 7.4% vs Q1-24. Gross margin declined to 63.6%, down 0.4 points vs Q4-24. The company received significant hybrid bonding orders from memory producers and Asian foundries for AI applications. Applied Materials announced a 9% ownership position in BESI.

For Q2-25, revenue is expected to be flat (±10%) with gross margins between 62-64%. The company repurchased 187,000 shares at €117.95 per share, totaling €22.1 million under its €100 million share repurchase plan.

BE Semiconductor Industries (BESIY) reported Q4-24 revenue of € 153.4M, down 2.0% vs. Q3-24 and 3.9% vs. Q4-23, with net income of € 59.3M, up 26.7% vs. Q3-24. Full-year 2024 revenue reached € 607.5M, increasing 4.9% vs. 2023, while net income grew 2.8% to € 182.0M.

The company saw contrasting trends between AI and mainstream markets, with AI-related orders representing approximately 50% of total orders in 2024. Hybrid bonding revenue tripled vs. 2023, with customer adoption increasing from 9 to 15. The company maintained strong profitability with gross, operating, and net margins of 65.2%, 32.2%, and 30.0% respectively.

For Q1-25, Besi expects revenue to decrease 0-10% vs. Q4-24, with gross margins ranging between 63-65%. The company proposed a dividend of € 2.18 per share, representing a 95% pay-out ratio.

BE Semiconductor Industries (BESI) reported strong Q3-24 results with revenue of € 156.6 million (+27.0% YoY) and net income of € 46.8 million (+33.7% YoY). Orders reached € 151.8 million (+19.2% YoY) driven by increased hybrid bonding demand. The company's growth was primarily fueled by computing end-user markets for AI applications, though partially offset by weakness in automotive and Chinese markets. Gross margin stood at 64.7%, while net margin improved to 29.9%. Net cash position strengthened to € 110.7 million (+48.8% QoQ). For Q4-24, revenue is expected to remain flat (±10%) due to some hybrid bonding system shipment delays.

BE Semiconductor Industries N.V. (Besi) announced Q2-24 results. Revenue was €151.2 million, up 3.3% from Q1-24 but down 7.0% year-over-year due to weakness in smartphone markets. Net income increased 23.2% from Q1-24 to €41.9 million but decreased 20.3% year-over-year. Orders rose significantly to €185.2 million, a 64.5% increase year-over-year due to growth in hybrid bonding and AI-related applications. Gross margin decreased to 65.0% mainly due to product mix. For H1-24, revenue was €297.5 million, up 0.5% year-over-year. However, net income declined by 12.9% to €75.9 million due to higher R&D expenses and share-based compensation. Besi's net cash stood at €74.4 million, reflecting dividends and convertible note conversions. The outlook for Q3-24 is flat revenue with gross margins between 64-66%. The company also completed a €350 million Senior Note offering to fund future growth.

BE Semiconductor Industries N.V. (Besi) reported Q1-23 revenue of €133.4 million, down 3.1% from Q4-22 and down 34.1% year-over-year, reflecting industry weakness, particularly in computing markets. Orders fell 21.3% from Q4-22 to €142.0 million, with a 30.7% decline versus Q1-22. Gross margin improved to 64.2%, up 1.9 points from Q4-22, due to favorable product mix and cost initiatives. Net income was €34.5 million, a 14.2% decrease sequentially, primarily due to increased share-based compensation. Despite challenges, the outlook for Q2-23 anticipates a revenue growth of 15-25% compared to Q1-23. Besi maintains a strong cash position with €644.9 million in cash and deposits, reflecting a decrease of 7.4% year-over-year due to significant capital allocations to shareholders.