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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.
Kulicke and Soffa
Kulicke and Soffa
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.