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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.
Kulicke and Soffa
Kulicke and Soffa
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.