Q2 Earnings: Continued Growth Expected on HBM Strength

Following strong Q1 2025 results, Hanmi Semiconductor is poised for another positive quarter, driven by continued growth in the HBM market and increasing demand for AI semiconductors. Sales of its DUAL TC BONDER and 6-SIDE INSPECTION equipment are expected to be key drivers.

Next-Gen TC Bonder Roadmap: A Glimpse into the Future

The highlight of the IR event will be the unveiling of Hanmi’s roadmap for next-generation TC bonders (HBM4, HBM5, FLTCB) and hybrid bonders. The company’s plans for HBM4 and HBM5 are particularly exciting for investors. This roadmap will provide valuable insights into Hanmi’s long-term growth strategy.

Investment Strategy: Balancing Opportunity and Risk

While positive earnings exceeding market expectations could boost Hanmi’s stock price, results that fall short or reveal unforeseen risks could lead to a decline. Investors should closely monitor macroeconomic indicators, including US interest rates, bond yields, oil prices, and exchange rates. Furthermore, analyzing competitor activity, technological advancements, and the long-term impact of Hanmi’s treasury stock cancellation plan is crucial.

Key Investment Takeaways

  • Continued HBM market growth
  • Details and commercialization timeline of the next-gen TC bonder roadmap
  • Macroeconomic trends (US interest rates, exchange rates, etc.)
  • Competitor landscape