May 6th, 2026

The call communicated strong sequential revenue and shipment recoveries across multiple end markets (general semiconductor, memory, automotive/industrial), robust margins and improving visibility, supported by aggressive product and capacity investments (notably in Fluxless Thermo-Compression). Headwinds include a sequential decline in aftermarket refurbished sales, regional softness in Southeast Asia, near-term increases in operating expenses and the multi-year timeline/uncertainty for some emerging technologies (hybrid bonding, vertical wire). Overall the positives — pronounced revenue and shipment recoveries, healthy margins, clear TCB momentum and confident guidance — outweigh the outlined lowlights.

Company Guidance

Management guided June-quarter revenue to rise 28% sequentially to $310 million with gross margins around 48%, non‑GAAP operating expenses of $85 million, GAAP EPS of $0.87 and non‑GAAP EPS of $1.00; they noted a near‑term effective tax rate slightly over 20% (Q2 tax expense $7.4M), and reminded that Q2 delivered a 49.3% gross margin with GAAP EPS $0.66 / non‑GAAP EPS $0.79 and OpEx of $81.1M GAAP / $73.8M non‑GAAP. Looking through FY‑26, TCB is expected to grow at least 70% sequentially to generate over $100M this fiscal year, Advanced Solutions capacity is being expanded to support roughly $400M of revenue, and the company plans $20M of capex for the expansion (with $12M in FY‑26) ahead of a H1 FY‑27 production ramp.