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Jan 02, 2021
Kulicke and Soffa Q1 2021 Earnings Report
Reported first quarter results with increased demand in general semiconductor, LED, and automotive markets.
Key Takeaways
Kulicke & Soffa reported a strong first quarter in fiscal year 2021, with net revenue of $267.9 million and net income of $48.4 million, resulting in an EPS of $0.77. Non-GAAP net income was $53.7 million, with a non-GAAP EPS of $0.86.
Net revenue reached $267.9 million.
Gross margin was 45.4%.
Net income stood at $48.4 million, or $0.77 per share; non-GAAP net income was $53.7 million, or $0.86 per share.
Cash, cash equivalents, and short-term investments totaled $576.7 million as of January 2, 2021.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the second fiscal quarter of 2021 ending April 3, 2021 to be approximately $300 million +/- $20 million, and expects non-GAAP EPS to be approximately $0.88 +/- 10%.
Positive Outlook
- Expects net revenue in the second fiscal quarter of 2021 to be approximately $300 million +/- $20 million.
- Expects non-GAAP EPS to be approximately $0.88 +/- 10%.