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Kulicke and Soffa Q2 2025 Earnings Report
Kulicke and Soffa reported its second fiscal quarter 2025 financial results.
Key Takeaways
Kulicke & Soffa reported second quarter net revenue of $162.0 million, a net loss of $84.5 million, and a non-GAAP net loss of $27.9 million. The company's results were significantly impacted by pre-tax charges of approximately $86.6 million related to the intended cessation of its Electronics Assembly equipment business.
Net revenue for the second fiscal quarter was $162.0 million.
The company reported a GAAP net loss of $84.5 million, or $(1.59) per fully diluted share.
Non-GAAP net loss was $27.9 million, or $(0.52) per fully diluted share.
Pre-tax charges of approximately $86.6 million were incurred due to the planned cessation of the Electronics Assembly equipment business.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
For the third fiscal quarter of 2025, Kulicke & Soffa expects net revenue to be approximately $145 million +/- $10 million, GAAP diluted EPS to be approximately $(0.09) +/- 10%, and non-GAAP diluted EPS to be approximately $0.05 +/- 10%.
Positive Outlook
- Anticipated non-GAAP diluted EPS of $0.05, indicating a return to profitability on a non-GAAP basis.
- The company continues to support its global customer base.
- Positive core-market utilization data.
- Well-prepared to accelerate growth through Vertical Wire, Power-Semiconductor, Advanced Dispense and Thermo-Compression technology transitions.
- The guidance does not incorporate the impact of any potential business combinations, divestitures, restructuring activities, strategic investments and other significant transactions.
Challenges Ahead
- Expected net revenue of $145 million +/- $10 million, which is lower than the current quarter's revenue.
- Anticipated GAAP diluted EPS of $(0.09) +/- 10%, indicating a continued GAAP loss.
- Experienced more cautious order activity unique to certain Southeast Asia markets.
- The timing and impact of certain items are dependent on future events that may be uncertain or outside of the company's control.
- The guidance does not incorporate the impact of any potential business combinations, divestitures, restructuring activities, strategic investments and other significant transactions.