Luis Müller: We don’t typically forecast utilization, Bob, but I’ll give you my sort of qualitative perspective here. We’ve seen the – something I haven’t mentioned in the prepared remarks, we’ve seen OSAT utilization picking up 3 points quarter-over-quarter from Q2 to Q3, and IDMs down 1 point. And I think that correlates well with also by market, with automotive and industrial down 1 point, and mobility up 1 point, and consumer up 2 points. I would venture to say that based on current order forecast that the mobility and consumer market will continue to trend up by the end of Q4, and that automotive and industrial may continue to trend down by the end of Q4. How does that kind of shape out from approximately 73% utilization we are today?
I don’t know. I think there are two competing forces here: one is the automotive and industrial market pausing for a quarter or two; and the other one is the mobility and the consumer is starting to pick up some momentum as we start to see inventory levels flush out in those two segments.
Robert Mertens: Got it. That’s helpful. And then just quickly on the acquisition in terms of the revenue profile, I just wanted to make sure I heard you right. Did you say that was the business that’s more geared towards the industrial and automotive markets in terms of that $20 million trailing 12-months revenue profile?
Luis Müller: That is correct. Yeah, EQT had a trailing 12-months revenue of approximately $20 million. It’s all recurring. And it was more tailored towards the automotive and industrial market. They were doing a good job serving a few Tier 1 IDM customers and OSATs in Southeast Asia. And for us, it really adds to our portfolio, particularly in the mid-to-high power test contactor segment. So think about more in terms of EV and power management in the vehicle or in an automotive [ph] and industrial application.
Robert Mertens: Okay. Great. Thank you.
Operator: Our next question comes from a line of Christian Schwab with Craig-Hallum Capital.
Christian Schwab: Hey. Great. Thanks for taking my question. Most of them have been answered. I just have one. In the last quarter, we talked about $30 million worth of handler orders that were going to be pushed out that you thought were going to be accepted, obviously, from your guidance that’s not happening. So, could you give us an update of what you think is going on there, please?
Luis Müller: Well, we do have – we had about 100 systems that were sitting waiting on testers to be integrated. That number has come down substantially now. So, what we see today is really a weaker demand of the automotive and industrial market going into the fourth quarter. That’s kind of restating what I said before, but that’s pretty much the status.
Christian Schwab: Okay. So that we’ve kind of satisfied all of that it appears, okay. So as we begin…
Luis Müller: Christian, just to clarify it’s never zero, right? But that number has come back to a normalized level that we typically see on a quarter-over-quarter as we wait on testers and I’m assuming some cases testers are waiting on handlers as well.
Christian Schwab: Okay. That was my only question. Thank you.
Luis Müller: You’re welcome.
Operator: [Operator Instructions] Our next question comes from the line of Craig Ellis with B. Riley Securities.
Craig Ellis: Yeah, thanks for taking my question. Luis and Jeff, I wanted to follow-up on some of the inquiry just about the demand environment, but do it in a different way and maybe in a way that shed some light on the business a little bit longer term even though I think this ability slow, so it’s hard to draw the arc of what next year’s revenues would look like. So what I wanted to do, Luis, to see if you could just give us a characterization of how customer engagements are going for you across your different businesses. Are they pointing to things that leave you confident that there’s increased share of wallet SAM expansion and success for some of your newer more emerging product drivers or in this environment are you finding that some of those avenues are closing down just help us understand what the customer engagement activity looks like, please?
