BE Semiconductor (GB:0XVE) has released an update.
BE Semiconductor Industries N.V. (Besi) reports a Q2-24 revenue of €151.2 million and net income of €41.9 million, with orders up by 64.5% compared to Q2-23. The company has seen a growth in demand for hybrid bonding and AI-related assembly solutions, despite a decline in mainstream markets such as smartphones and automotive. Besi anticipates further orders in H2-24 as it continues to maintain high profitability with a strong gross margin of 65.0% in Q2 and an improved margin of 66.1% for the first half of 2024.
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