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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.
Kulicke and Soffa
Kulicke and Soffa
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