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Mar 28, 2020
Kulicke and Soffa Q2 2020 Earnings Report
Kulicke & Soffa reported second quarter results, with net revenue of $150.7 million and net income of $11.9 million.
Key Takeaways
Kulicke & Soffa reported a net revenue of $150.7 million, a net income of $11.9 million, and a non-GAAP net income of $13.7 million for the second quarter of fiscal year 2020.
Net revenue was $150.7 million.
Gross margin was 46.0%.
Net income was $11.9 million, or $0.19 per share.
Non-GAAP net income was $13.7 million, or $0.22 per share.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the third fiscal quarter of 2020 ending June 27, 2020 to be approximately $140 million to $160 million. This outlook considers currently projected demand impacts of ongoing global semiconductor production disruptions, due to regional shelter-in-place and movement control orders.
Positive Outlook
- Anticipate gradual demand improvements through our second fiscal half.
- Anticipate ongoing improvements in the general semiconductor market.
- Anticipate ongoing improvements in the LED market.
- Anticipate ongoing improvements in the memory markets.
Challenges Ahead
- Ongoing COVID-19 pandemic continues to have severe health and economic effects throughout the world.
- COVID-19 pandemic has created operational challenges for our business.
- Manufacturing facility in China was impacted by a government-mandated shutdown
- Ongoing global semiconductor production disruptions
- Regional shelter-in-place and movement control orders