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Apr 02, 2022
Kulicke and Soffa Q2 2022 Earnings Report
Delivered strong financial performance and executed toward strategic targets.
Key Takeaways
Kulicke & Soffa reported second quarter net revenue of $384.3 million, net income of $116.0 million, representing EPS of $1.86 per fully diluted share, and non-GAAP net income of $121.5 million, representing non-GAAP EPS of $1.95 per fully diluted share.
Net revenue of $384.3 million.
Gross margin of 52.5%.
Net income of $116.0 million or $1.86 per share; non-GAAP net income of $121.5 million or $1.95 per share.
Cash, cash equivalents, and short-term investments were $690.5 million as of April 2, 2022.
Forward Guidance
The Company currently expects net revenue in the third fiscal quarter of 2022 ending July 2, 2022 to be approximately $365 million +/- $20 million, and expects non-GAAP EPS to be approximately $1.53 +/- 10%.
Positive Outlook
- Kulicke & Soffa recently announced multiple purchase orders for its latest advanced display system - LUMINEXTM - which is well positioned to accelerate the global adoption of mini and micro LED displays.
- K&S also received a new purchase order for its latest fluxless APAMA thermocompression system, which provides a proven and cost-effective assembly solution supporting the growth in chiplets and heterogeneous integration.
- Continue executing strategy outlined during September investor day.
- Ability to continue driving near-term customer adoption of new offerings.
- New offerings can provide significant upside to long-term financial targets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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