![]() Q2-23 due to seasonal trends and ongoing market weakness with gross margin forecast to range between 62-64%įor the full version of our press release, please download the PDF file. Q3-23 revenue anticipated to decrease 20-30% vs. Similarly, net margin decreased to 29.5% from 34.4% in H1-22 H1-22 primarily due to lower revenue, higher R&D spending and increased strategic consulting costs. Net income of € 87.1 million decreased € 56.1 million, or 39.2%, vs. ![]() H1-22 principally as a result of more favorable product mix, net forex benefits and overhead alignment with current market conditions Gross margin of 65.0% rose 4.5 points vs. H1-22 due primarily to general market weakness and lower orders for computing applications from IDMs and Asian subcontractors Orders of € 254.6 million also declined 28.9% vs. H1-22 principally due to lower demand for computing applications partially offset by increased shipments for high-end mobile end-user markets Revenue of € 295.9 million declined 28.9% vs. Total cash reached € 378.3 million at end of Q2-23 post capital allocation of € 289.1 million during quarter Q2-22, net income declined 30.4% due primarily to lower revenue levels 25.9% due primarily to higher revenue and gross margins. Q1-23 while net margins rose to 32.4% vs. Net income of € 52.6 million increased 52.5% vs. Q2-22 due to more favorable product mix, net forex benefits and cost control efforts Gross margin of 65.6% rose 1.4 points vs. Q2-22 primarily due to adverse impact of industry downturn on Besi's end-user markets Q1-23 principally due to lower orders for mobile applications post H1-23 ramp partially offset by increased automotive bookings from Asian subcontractors. Q2-22 due to significantly lower demand for broad range of computing applications ![]() Q1-23 due primarily to increased smartphone demand for both high-end and mainstream applications. Revenue of € 162.5 million rose 21.8% vs. (the "Company" or "Besi") (Euronext Amsterdam: BESI OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the second quarter and first half year ended June 30, 2023. Duiven, the Netherlands, JBE Semiconductor Industries N.V. ![]()
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