2019-11-04

Seoul Semiconductor Achieves 3Q19 Business Target with Growing TV and Automotive Market

Seoul Semiconductor announced its financial results of the third quarter of 2019 with revenues of KRW 283.4 billion (US$ 244.3 million), an operating profit of KRW 12 billion (US$ 10.34 million), and EBITDA of KRW 32.6 billion (US$ 28.10 million). The company said that it has achieved its guided range of KRW 280 billion to KRW 300 billion of revenues for the quarter. Despite the weak general lighting market, Seoul Semiconductor reported growing sales of WICOP products as the demand of larger and slimmer screen in the TV market increase. The sales...
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2019-10-31

Cree Announces Fiscal 1Q20 Financial Results with Continuous Transformation

Cree announced the results of its fiscal 1Q20 ended September 29, 2019. For the fiscal quarter, Cree registered a revenue of US$242.8 million, which represents an on-year decrease of 11% and a 3% decrease compared to the previous quarter. GAAP net loss from continuing operations for the first quarter was $37.8 million compared to GAAP net loss from continuing operations of $0.8 million for the first quarter of fiscal 2019. On a non-GAAP basis, net loss from continuing operations for the first quarter of fiscal 2020 was $3.6 million. The company has sold its light...
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2019-10-28

AIXTRON Expects Demand Rise to Meet Its 2019 Forecast with New Silicon Carbide System

German equipment solution provider AIXTRON announced the financial results for the third quarter and the first nine month of 2019. The company reported an on-year revenue increase of 2% to EUR 184.6 billion for 3Q19 and an operating result of EUR 24.5 million (US$ 27.16 million) that grew by 18%YoY. AIXTRON said that the order situation slightly recovered compared to the previous quarter. Sales were lower than in the previous quarters partly due to longer than expected processes to grant export licenses. Nevertheless, sales for the first nine months of 2019 in...
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2019-10-28

Signify Reports Sales Drop in 3Q19 due to Macro Environment

Signify published the financial results of 3Q19 last week with a 5% decrease in comparable sales growth while its LED-based business improved on-year by 2.6%. The company said that the “challenging macro environment with lower market activity in Europe, U.S., Greater China as well as a major impact of tightening liquidity in India,” was a major reason for the flat sales growth. The Dutch lighting company reported a revenue of EUR 1.53 billion (US$ 1.7 billion) in 3Q19, down by 3.3%YoY. Accumulated revenue for 2019 until the end of September came to E...
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2019-08-21

Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business

Cree posted financial results of its fourth quarter of fiscal 2019 and the whole fiscal year. For fiscal 4Q19 which ends on June 30, 2019, Cree registered a revenue of US$251.2 million for its fourth quarter of fiscal 2019, down by 5% YoY and 8% QoQ. GAAP net loss from continuing operations for the fourth quarter was US$34.6 million, or US$0.33 per diluted share. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was US$11.5 million, or US$0.11 per diluted share, compared to non-GAAP net income from continuing o...
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2019-08-07

VEECO 2Q19 Financial Results Revealed with Decrease in LED Product

US-based equipment provider VEECO reported its financial results of the second quarter of 2019. The company registered revenues of US$97.8 million, compared with US$157.8 million in 2Q18. VEECO said that its sales in the market of LED lighting, display and compound semiconductor were limited in the second quarter of 2019, taking 10% of the total revenue with US$ 9.69 million. However, VEECO underlined that it recently shipped an advanced MOCVD system to a leading compound semiconductor manufacturer who is piloting the system for ROY LEDs as well as ...
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2019-08-05

Seoul Semiconductor Reports Stable 2Q19 Revenue and Ready to Showcase Micro LED

Seoul Semiconductor revealed its consolidated revenues of 2Q19 which came to KRW 283.3 billion (US$ 233.16 million), which has dropped by 2% YoY. The gross profit was KRW 69.3 billion (US$ 57.03 million) and operating profit was KRW 6.6 billion (US$ 5.43 million). The company said the business performance has achieved its guided range for revenues of the quarter. In comparison to other LED companies who have suffered from drastic decrease due to the weak market impacted by the US-China trade dispute, Seoul Semiconductor said it was able to achieve stable rev...
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2019-07-31

Osram’s Fiscal 3Q19 Remains Weak and Managing Board Expects Shareholders to Accept Takeover Offer

Osram announced the financial results of fiscal 3Q19 which marked “no signs of business revival” for the company. The quarterly revenue dropped by 14.9% YoY to EUR 850 million (US$ 948.28 million). Its EBITA fell by 66.2% YoY with EUR 42 million (US$ 46.86 million). EBITDA adjusted for special items was EUR 58 million (US$ 64.72 million), which was down by 58% compared to previous year’s figure; net income amounted to minus EUR 35 million (US$ 39 million). All three business segment of Osram, Opto Semiconductors, Automotive a...
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2019-07-26

Signify Announces 2Q19 Financial Results and Investment in Chinese LED Lighting Company

Signify reported the financial results of the second quarter of 2019 and announced that it has agreed to buy a 51% share of Klite Lighting, a China-based LED luminaires manufacturer. Signify registered sales of EUR 1.477 billion (US$ 1.65 billion) with an on-year decrease of 6.1%. LED-based sales increased by 0.2%, accounting for 77% of total revenue. The adjusted gross margin declined by 20 bps to 37.7% due to lower sales volumes and price erosion, largely offset by ongoing procurement savings. Adjusted EBITA amounted to EUR 133 million (US$ 148.22 million) co...
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2019-07-26

AIXTRON Reports 1H19 Financial Results with Increased Revenue and Profit

Semiconductor equipment provider AIXTRON revealed its financial results for the first half and the second quarter of 2019. The 1H19 revenue of AIXTRON increased by 12% YoY to EUR 132 million (US$147.11 million), gross profit also grew by 4% YoY to EUR 52.4 million (US$ 58.4 million) despite that its order intake dropped by 36% YoY to EUR 98.3 million (US$109.22 million). AIXTRON noted that customer’s reluctance to invest in production expansion due to the ongoing US-China trade dispute has led to order intake decrease for the first ...
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2019-05-09

Osram Announces Its Fiscal 2Q19 Financial Results with EUR 91 Million Loss

After releasing few warnings in February and March, Osram finally unveiled the financial results of the second quarter of its fiscal 2019 ending March 31. The results went in line with what the company has expected with revenues decreased by 13.5% YoY to EUR862 million (US$965.14 million). The adjusted EBITDA fell by 56% YoY to EUR70 million (US$78.38 million) with an adjusted EBITDA margin dropped from 16.9% to 8.1%. The net loss came to EUR90 million (US$100.78 million). Continuous weak growth in China along with ongoing trade conflicts have led ...
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2019-05-07

Veeco Posts 1Q19 Financial Results with On-year Decline

Equipment provider Veeco Instruments announced financial results for its first quarter ended March 31, 2019. Veeco posted revenues of US$99.4 million, down by 37.33% compared to 1Q18. The company reported a net loss of US$18.5 million on GAAP base and a net loss of US$6.4 million on Non-GAAP base. The company has been challenged by China’s MOCVD equipment manufacturers since the fourth quarter of 2018. Its blue LED business in China had shrunk drastically after the 2Q18. Veeco said that it has been transforming its business structure, putting mo...
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2019-05-07

Lextar Maintains Profitable for 1Q19; Epistar Announces Loss due to Market Weakness

Taiwan-based LED manufacturers Lextar and Epistar announced their financial reports for the first quarter of 2019. Both companies posted an on-year degrease for 1Q19; however, Lextar managed to stay profitable while Epistar had a loss in the past two quarters with impacts from the US-China dispute. Lextar registered revenues of NT$2.167 billion (US$70.13 million) for 1Q19 with an on-year decrease of 18.15% and an on-quarter decrease of 10%. Net profit came to NT$113 million (US$3.66 million). The company also posted a revenue of NT$815 million (US$26.38 millio...
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2019-02-14

Commoditized LED MOCVD Market in China Leads to Veeco’s Revenue Drop in 4Q18

U.S.-based instrument manufacturer Veeco announced its financial results for the fourth quarter and fiscal 2018. For 4Q18, the company registered a revenue of US$99 million, which dropped by 29.1% YoY. Veeco also reported a GAAP net loss of US$144.7 million, in comparison with US$8.5 loss in 4Q17. The non-GAAP loss was US$7.5 million. According to the company, the declined revenue and profit in the fourth quarter of 2018 was due to "Commoditization of the MOCVD market for LEDs in China.” In 2Q18, the revenue from China accounted for 45...
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2019-02-12

Osram Focuses on non-Lighting Photonic and Optical Technologies for Boosting Revenue

Followed the notice released by the end of January, Osram announced the results of its first quarter of fiscal 2019. The company posted a revenue of EUR 828 million (US$ 934.65 million) which declined by 15% YoY with revenue dropped in three of Osram’s business segments. The Opto Semiconductors division recorded an on-year decline in revenue of 17% and its revenue of automotive segment decreased by 11 % YoY. In the Digital segment, revenue fell by around 17% YoY due to weak market development in the general lighting segment. Olaf Berlien, CEO of Osram...
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2019-01-31

Cree Releases Increased Revenue for Its Fiscal 2Q19 Despite Global Trade Tension

Cree announced its financial results for the second quarter of fiscal 2019, ended December 30, 2018. Revenue for the second quarter of fiscal 2019 was US$413 million, up by 12% YoY. GAAP net loss for the second quarter of fiscal 2019 was US$2 million, or $0.02 per diluted share. This compares to a GAAP net income of $14 million, or $0.14 per diluted share, for the second quarter of fiscal 2018. On a non-GAAP basis, net income for the second quarter of fiscal 2019 was $23 million, or $0.23 per diluted share, compared to non-GAAP net loss for the second quarter of...
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2018-11-20

K&S Announces Financial Results of Fourth Quarter and Fiscal 2018

Kulicke and Soffa (K&S) has announced its financial results of the fourth quarter and its fiscal 2018 ended September 29, 2018. The Company’s revenue for the fourth quarter was US$184.8 million and the full year revenue was US$889.1 million. Dr. Fusen Chen, Kulicke & Soffa's President and CEO, stated, “Over the past two years, our organizational redesign and development efforts have diversified our business and provided access to several new and promising growth opportunities. Throughout fiscal year 2018, these fundamental improvements resul...
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2018-11-16

SemiLEDs Announces Fiscal 2018 Year End and Q4 Financial Result

SemiLEDs Corporation, a developer and manufacturer of LED chips and LED components, has posted its financial results for the fourth quarter and full year of fiscal year 2018, ended August 31, 2018. (Image: SemiLEDs) Revenues for the fourth quarter and for the third quarter of fiscal 2018 were both approximately US$2.0 million. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2018 was US$1.1 million, compared to a loss of $326 thousand in the third quarter of 2018, or a net loss of US$0.32 per diluted share, compared to...
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2018-11-15

Orion Announces Financial Results for Q2 Fiscal 2019

Orion Energy Systems reported results for the second quarter of its fiscal 2019 ended September 30, 2018. The company posted a revenue of US$ 13.2 million for 2Q19, down14.3% YoY and 4% QoQ due to lower sales through the distribution channel and delays of certain projects. Gross margin declined to 19.3% in 2Q19, compared to 23.5% in 2Q18. According to Orion, the business in the U.S. is progressing significantly with its automotive, retail and public sector customers. With its capability to provide tailored LED lighting solutions, the growth momentum of Orion com...
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2018-11-02

VEECO’s 3Q18 Revenue Slows Down Due to Tepid Chinese Market

Equipment provider VEECO Instruments announced its financial results for the third quarter of 2018. The results did not reach the company’s guided range because of “broader market softness in China across all of our business,” said VEECO.
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2018-11-01

LG and Samsung Continue Their Competition in the Display Industry

LG and Samsung have been competing in the field of display, showcasing their novel display technology in international fairs one after another. Samsung revealed “the Wall,” the 146-inch Micro LED modular TV at the CES event in the beginning of the year and by the end of August, LG introduced its 173-inch Micro LED TV at the IFA. Aside from Micro LED, the two companies also fought against each other in the high-end TV market by releasing large sized OLED TVs. The two Korean electronics giants have both revealed their financial results fo...
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2018-10-30

Seoul Semiconductor Reports Its 3Q18 Financial Results

Korean LED manufacturer Seoul Semiconductor has announced its business performance for the third quarter of 2018 with a consolidated revenue of KRW 320 billion (US$ 280.64 million). With a growth of 10% QoQ, the company has reached its guided range of KRW 300 to 320 billion. The operating income was KRW 28 billion (US$ 25.56 million) and EBITDA was KRW 55 billion (US$48.24 million).
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2018-05-11

Epistar: Mini LED Will Hit Mass Production in the Second Half of 2018

Taiwanese LED chip maker Epistar in 2017 went through a financial turnaround and reported a share dividend of NTD 0.8. In wake of lukewarm market demand, the company’s 2Q18 results showed declinces. Its plan to mass produce Mini LED products is scheduled in the second half of 2018.
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2018-05-03

Osram Accelerates Its Technological Shift and Explores Future Markets

“The first half of the fiscal year was challenging due to various factors. However, the long-term growth trend remains intact, while the reorganization and the technological shift are continuing,” said Olaf Berlien, CEO of OSRAM Licht AG.
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2018-05-02

Seoul Semiconductor Achieves USD 263 Million Revenues for 1Q18 Due to Strong Automotive Lighting Sales

Seoul Semiconductor on April 30 announced consolidated first-quarter revenues of Korean won (KrW) 283.0 billion (USD 263 million). The rise in consolidated revenue came from strong sales in general lighting, especially from the automotive lighting segment and strength across all application segments, with the IT division delivering high single digit growth YoY. The results fall within the company’s guided KrW 270 billion and KrW 290 billion for the quarter.
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2018-04-29

Samsung Electronics Expects OLED Panel Sales to Increase in 2Q18

Samsung Electronics posted KRW 60.56 trillion in consolidated revenue and KRW 15.64 trillion in operating profit for the first quarter of 2018.
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2018-04-29

Philips Lighting’s First Quarter Results 2018

Philips Lighting announced the company’s 2018 first quarter results. “As previously indicated, the first quarter marks a soft start to the year, mainly due to a weak performance in Home, most notably in the United States. Our other three businesses further improved their operational profitability, particularly Professional which increased its adjusted EBITA margin by 310 basis points,” said Eric Rondolat, CEO of Philips Lighting. “I am pleased with the progress made on the cost side with a 13% reduction in our indirect cost base, and with our free cash flow performance after a strong fourth quarter. Our focus remains on implementing our strategy toward the shift to LED, Systems & Services.”
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2018-04-28

Cree Reports Financial Results for the Third Quarter of Fiscal Year 2018

Cree, Inc. on April 25 announced financial results for its third quarter of fiscal 2018, ended March 25, 2018.
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2018-04-11

[Financial Updates] Lite-On Reports Steady Growth in LED Related Businesses, While AUO Monthly Panel Shipments Increase

Lite-On Reports Steady Growth in LED Related Businesses, While AUO Monthly Panel Shipments Increase.
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2018-03-09

LITE-ON Technology Anticipates Demand for LED Components to Grow

LITE-ON Technology today reported February consolidated revenue of NT$13.04 billion, decreased 21% M-o-M and 19% Y/Y, mainly impacted by the Chinese Lunar New Year holiday shutdown. Cumulative sales for January and February totaled NT$29.54 billion.
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Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE