KC Tech's Third-Quarter Operating Profit Rises 35.8%

What happened

KC Tech reported its third-quarter results: according to a regulatory filing on Nov. 4, third-quarter revenue was about 114.2 billion won and operating profit about 20.2 billion won, up 19% and 35.8% respectively from a year earlier, driven by increased semiconductor equipment sales. However, third-quarter operating profit fell 14% from about 23.5 billion won in the previous quarter; a KC Tech official said the company 'incurred a one-time expense after converting semiconductor equipment originally manufactured for external sale to internal research and development (R&D) use,' and the company did not identify the equipment. KC Tech supplies semiconductor equipment to Samsung Electronics and SK hynix, among others, and capacity expansions by major customers drove its third-quarter performance. 'Sales of chemical mechanical polishing (CMP) equipment were strong in the third quarter,' a KC Tech official said; CMP equipment revenue from Samsung Electronics was about twice that from SK hynix during the period. Revenue from the semiconductor materials business remained at a level similar to the previous quarter. The company expects fourth-quarter results to improve from the third quarter, although performance could fluctuate depending on customers' order schedules. On the balance sheet, on a consolidated basis at the end of the third quarter, accounts receivable stood at 28.892 billion won, contract assets at 59.363 billion won and inventories at 116.494 billion won; accounts receivable rose 5.6% and inventories increased 20.1% from the previous quarter, while contract assets declined 25%.

Impact and signal

Affected components and suppliers

Source and time

Source: The Elec · 11/4/2026 · View original source