Strong Sequential Revenue Growth
Revenue increased 21.5% sequentially in the March quarter, with management reiterating improving demand and utilization across core markets.
Robust Segment Performance — General Semiconductor
General semiconductor revenues rose 19.4% sequentially to $148.9 million, driven by higher capacity and technology requirements for ball bonding and advanced solutions.
Memory Shipment Surge
Memory shipments jumped 93% sequentially to $31.3 million, led by NAND demand and expansion at Chinese memory OSATs.
Automotive & Industrial Momentum
Automotive and industrial shipments increased 63% sequentially, primarily driven by automotive power/high I/O applications and growing semiconductor content in vehicles.
Strong Profitability Metrics
GAAP gross margin was 49.3%; GAAP EPS was $0.66 and non-GAAP EPS was $0.79 for the quarter, with gross margin strength attributed to customer and product mix.
Confident Near-Term Guidance
June quarter guidance expects revenue to rise ~28% sequentially to $310 million, gross margin around 48%, GAAP EPS targeted at $0.87 and non-GAAP EPS at $1.00.
Thermo-Compression (TCB) Growth Trajectory
Management expects TCB business to grow at least 70% sequentially this fiscal year and generate over $100 million of revenue; broad customer interest across IDMs, foundries and OSATs supports ramp.
Capacity and Product Investment to Capture Demand
Plan to significantly expand Advanced Solutions production capacity to support approximately $400 million of revenue; capex related to this expansion is $20 million (with $12 million in fiscal 2026). New product introductions include Asterion-TW, ProMEM Suite, ACELON dispense and panel-level dispense solutions.