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Jan 01, 2022
Kulicke and Soffa Q1 2022 Earnings Report
Reported strong financial performance, accelerated share repurchase activity, and provided revenue outlook for fiscal year 2022.
Key Takeaways
Kulicke & Soffa reported a strong first quarter in fiscal year 2022, with net revenue of $460.9 million, net income of $133.6 million, and non-GAAP net income of $138.8 million.
Net revenue of $460.9 million.
Gross margin of 48.4%.
Net income of $133.6 million or $2.11 per share; non-GAAP net income of $138.8 million or $2.19 per share.
Cash, cash equivalents, and short-term investments were $808.5 million as of January 1, 2022.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the second fiscal quarter of 2022 ending April 2, 2022 to be approximately $380 million +/- $20 million, and expects non-GAAP EPS to be approximately $1.45 +/- 10%. Kulicke & Soffa currently anticipates revenue for its full fiscal year 2022 to increase sequentially to approximately $1.58 billion.
Positive Outlook
- Served markets continue to expand
- Driving interest and demand for broadening advanced packaging solutions
- Driving interest and demand for broadening automotive solutions
- Driving interest and demand for broadening advanced display solutions
- Well positioned to deliver enabling innovations supporting electric vehicles and emerging mini and micro LED displays