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Apr 01, 2023
Kulicke and Soffa Q2 2023 Earnings Report
Reported second quarter 2023 results and anticipated improved fiscal second half demand.
Key Takeaways
Kulicke & Soffa reported second quarter net revenue of $173.0 million, net income of $15.0 million, representing EPS of $0.26 per fully diluted share, and non-GAAP net income of $21.9 million, representing non-GAAP EPS of $0.38 per fully diluted share.
Net revenue of $173.0 million.
Gross margin of 48.6%.
Net income of $15.0 million or $0.26 per share; non-GAAP net income of $21.9 million or $0.38 per share.
GAAP cash from operations of $86.9 million; Adjusted free cash flow of $62.7 million
Forward Guidance
The Company currently expects net revenue in the third fiscal quarter of 2023 ending July 1, 2023 to be approximately $190 +/- $20 million, GAAP EPS to be approximately $0.23 +/- 10%, and non-GAAP EPS to be approximately $0.32 +/- 10%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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