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Jul 03, 2021
Kulicke and Soffa Q3 2021 Earnings Report
Reported GAAP operating margin of 28.4% and updated outlook.
Key Takeaways
Kulicke & Soffa reported a strong Q3 2021 with net revenue of $424.3 million, net income of $113.8 million, and EPS of $1.79. Non-GAAP net income was $118.8 million, with a non-GAAP EPS of $1.87.
Net revenue reached $424.3 million.
Gross margin was 46.1%.
Net income was $113.8 million, equating to $1.79 per share; non-GAAP net income was $118.8 million, or $1.87 per share.
Cash, cash equivalents, and short-term investments totaled $635.0 million as of July 3, 2021.
Forward Guidance
The Company currently expects net revenue in the fourth fiscal quarter of 2021 ending October 2, 2021 to be approximately $465 million +/- $20 million, and expects non-GAAP EPS to be approximately $2.00 +/- 10%.
Positive Outlook
- Capacity needs across our broad customer base to continue expanding aggressively.
- Recent adoption of our new systems are directly supporting several long-term and distinct technology transitions within the semiconductor market.
- Recent adoption of our new systems are directly supporting several long-term and distinct technology transitions within the automotive market.
- Recent adoption of our new systems are directly supporting several long-term and distinct technology transitions within the advanced display markets.
- Enhanced long-term growth prospects.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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