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Dec 30, 2023
Kulicke and Soffa Q1 2024 Earnings Report
Reported a decrease in revenue and earnings compared to the previous year, but made progress on company-specific growth opportunities.
Key Takeaways
Kulicke & Soffa reported first quarter net revenue of $171.2 million, net income of $9.3 million, representing EPS of $0.16 per fully diluted share, and non-GAAP net income of $17.0 million, representing non-GAAP EPS of $0.30 per fully diluted share.
Net revenue was $171.2 million.
Gross margin was 46.7%.
Net income was $9.3 million, or $0.16 per share; non-GAAP net income was $17.0 million, or $0.30 per fully diluted share.
Cash, cash equivalents, and short-term investments were $709.7 million as of December 30, 2023.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
K&S currently expects net revenue in the second quarter of fiscal 2024 ending March 30, 2024 to be approximately $170 million +/- $10 million, GAAP diluted EPS to be approximately $0.13 +/- 10%, and non-GAAP diluted EPS to be approximately $0.25 +/- 10%.