The following is a summary of the BE Semiconductor Industries N.V. (BESIY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• BE Semiconductor reported Q1 revenue of €146.3 million, up 9.7% year-on-year.

• Order trends decreased by 10.1% compared to Q1 the previous year and declined by 23.3% sequentially.

• Net income, adjusted for share-based compensation, increased by 15.1% to €49.5 million compared to the same quarter last year.

• Gross margins increased by 3.0 points to 67.2% due to a favorable product mix and net forex benefits.

• Expenses were controlled with increased R&D spending to support next-generation product development.

• Net cash increased by 60.1% from the year-end to reach €180.9 million.

Business Progress:

• BE Semiconductor is expanding its advanced packaging market share in 2.5D, 3D, and photonics applications to cater to expected strong growth for AI-related applications.

• The company anticipates orders for 25 to 35 hybrid bonding systems in Q2.

• BE Semiconductor is increasing R&D investment in assembly processes to capitalize on anticipated growth in the period 2024, 2025 and 2027.

• The company's progress on its hybrid bonders has been positive and a second TC system has recently been shipped and is being installed.

• BESIY plans to have the 50 nanometer system ready by the end of 2025 and is evaluating both TCB and hybrid bonding for smartphone applications.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.