INFICON raises full-year guidance as semiconductor demand drives record sales

What happened: INFICON Holding (SIX:IFCN) raised its full-year outlook after strong demand for semiconductor manufacturing equipment and data-centre infrastructure drove third-quarter results. Key numbers: Q3 sales $233.3 million, up 42.4% year on year. Operating income $59.5 million, up 159%. Why it matters: Jefferies kept a buy rating and said the upgraded outlook could lead to 10% to 15% increases in full-year earnings estimates. INFICON cited the ongoing semiconductor upcycle and is increasing production capacity, while flagging supply-chain and cost risks. Market: -1.0% today ($165.00), +60.8% YTD, 1.1x vol — as of 08:00 UTC

INFICON Holding (SIX:IFCN) raised its full-year outlook after strong demand for semiconductor manufacturing equipment and data-centre infrastructure drove third-quarter results.

Jefferies kept a buy rating and said the upgraded outlook could lead to 10% to 15% increases in full-year earnings estimates. INFICON cited the ongoing semiconductor upcycle and is increasing production capacity, while flagging supply-chain and cost risks. Market: -1.0% today ($165.00), +60.8% YTD, 1.1x vol — as of 08:00 UTC