Feed - Buzzberg

12:30
May 21 ◎

NDSN FY2026 Q2 Watch

Nordson Corporation (NDSN) FY2026 Q2 Earnings Call

NDSN AMAT LRCX DE AME ▾

Sundaram Nagarajan

Management raised guidance for both Q3 and full-year, citing accelerating order momentum and broad-based backlog growth across all segments, though they remained prudent about macro risks.

"We enter the third quarter with strong order entry and increased backlog, which is up 18% over the prior year."

NDSN WATCH

Sundaram Nagarajan

The company sees 18% organic backlog growth, with particular strength in the ATS segment, indicating robust demand in semiconductor packaging equipment. — Strong bookings for packaging and test equipment from a diversified supplier suggests ongoing strength and expansion in advanced packaging capacity, which is a key enabler for AI accelerators.

"The ATS segment, if you look at our 18% backlog growth, is one of the strongest because of robust backlog growth in ATS."

AMAT WATCH LRCX WATCH

Dan Hopgood

For the first time in quarters, the company noted industrial coatings and polymer processing demand is improving, signaling a broad-based industrial recovery beyond electronics and medical. — The turn in the industrial segment for precision dispensing suggests a broader manufacturing capex recovery is underway, which also benefits precision agriculture customers.

"we're seeing normal gradual recovery in both of those markets through the first half and in line with what we expected."

DE WATCH AME WATCH

HIGH

13:30
Feb 19 ◎

NDSN FY2026 Q1 Watch

Nordson Corporation (NDSN) FY2026 Q1 Earnings Call

AMAT ASML MU NDSN ▾

Sundaram Nagarajan

Nordson's semiconductor packaging customers are investing aggressively, driving 20%+ growth in ATS, and management does not see signs of a slowdown despite tougher comps in the second half. — This suggests strong capex within the semiconductor packaging supply chain, benefiting tool vendors and confirming upstream equipment demand.

"we feel still good about this year, this business being north of its long-term targets of mid-single digits"

AMAT WATCH ASML WATCH

Sundaram Nagarajan

General electronics demand is stable but not yet inflecting; early signs point to potential capacity adds in memory and lower-tier electronics, which could be a future catalyst for Nordson. — If memory capacity expansions materialize, suppliers of backend packaging and test equipment like Nordson will see incremental demand.

"you're starting to see some of the semiconductor, I'll say the high-end semiconductor demand and investments seem to be trickling into the lower level electronics applications."

MU WATCH

Sundaram Nagarajan

Management raises full-year guidance after a strong Q1, but remains cautious on the second half due to potential demand pullbacks in certain end markets.

"Based on strong start to the year, the second quarter outlook and the current foreign exchange rate environment we are increasing our full year guidance"

NDSN WATCH

HIGH

Feed — Buzzberg