SÜSS MicroTec SE·Technology

SUSS MicroTec SE (SESMF) Q4 2025 Earnings Call Transcript

SUSS MicroTec remains rated a Buy, despite FY25 margin and order intake challenges, with revenue guidance likely to be met. SESMF's strategic positioning in advanced packaging, especially as sole supplier to TSMC's CoWoS-L and majority share at Samsung and Micron, underpins its defensible moat. Margin recovery in FY26 is critical; Q4 results must show gross margin improvement and order intake rebound to validate the current $68 per share valuation.
SÜSS MicroTec SE, together with its subsidiaries, develops, manufactures, and markets machines for the production of microelectronics, microelectromechanical systems, and related applications. It operates through five divisions: Photomask Equipment, Lithography, Bonder, Microoptics, and Others. The company develops, manufactures, and sells mask aligners, coaters and developers, UV projection scanners, and laser processing tool. It develops, produces, and sells bonder systems, including microelectromechanical systems, compound semiconductors, and 3D integration markets. In addition, the company develops, manufactures, and sells specialized tools for the cleaning and processing of photomasks for the semiconductor industry. Further, it is involved in the production and sale of micro lenses and specialized optics for various industrial applications. It operates in Europe, the Middle East, Africa, North America, and the Asia Pacific. The company distributes its products through production facilities, as well as through distribution companies and trade representatives. SÜSS MicroTec SE was founded in 1949 and is headquartered in Garching, Germany.