Despite the semiconductor boom… IST’s earnings and stock price are moving in the opposite direction

▤ Summary

IST, a semiconductor equipment maker, is underperforming even as the broader chip boom lifts the market. The company’s share price has fallen below its IPO level, and its latest results missed even the conservative targets set during the listing process. Weak customer orders, especially for the FOUP cleaner business, appear to have hurt revenue and pushed the company into an operating loss. IST now expects supply normalization this year and is betting on its PECVD business to drive a turnaround. The company’s long-term growth plan depends on whether it can scale PECVD production and win more orders from major chipmakers.

▦ Linked Companies