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Jul 02, 2022
Kulicke and Soffa Q3 2022 Earnings Report
Delivered strong financial performance and continued strategic execution.
Key Takeaways
Kulicke & Soffa reported third quarter net revenue of $372.1 million, net income of $119.0 million, representing EPS of $1.99 per fully diluted share, and non-GAAP net income of $125.1 million, representing non-GAAP EPS of $2.09 per fully diluted share.
Net revenue of $372.1 million.
Gross margin of 51.2%.
Net income of $119.0 million or $1.99 per share; non-GAAP net income of $125.1 million or $2.09 per share.
Cash, cash equivalents, and short-term investments were $745.8 million as of July 2, 2022.
Forward Guidance
The Company currently expects net revenue in the fourth fiscal quarter of 2022 ending October 1, 2022 to be approximately $280 million +/- $20 million, and expects non-GAAP EPS to be approximately $0.93 +/- 10%.
Positive Outlook
- Broadened market access
- Expanded customer engagements
- Intimately supporting several long-term technology transitions
- Materially increased long-term growth potential
- Sustainably enhanced through-cycle earnings potential
Challenges Ahead
- Near-term macro environment remains dynamic
Historical Earnings Impact
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Avg. Return Before/After Earnings
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