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Jul 01, 2023
Kulicke and Soffa Q3 2023 Earnings Report
Reported third quarter results, strengthening core business and expanding market access.
Key Takeaways
Kulicke & Soffa reported Q3 2023 results with net revenue of $190.9 million, a net income of $4.2 million (EPS of $0.07), and a non-GAAP net income of $31.9 million (non-GAAP EPS of $0.55).
Net revenue was $190.9 million.
Gross margin was 47.2%.
Net income was $4.2 million, or $0.07 per share; non-GAAP net income was $31.9 million, or $0.55 per fully diluted share.
Cash, cash equivalents, and short-term investments were $711.8 million as of July 1, 2023.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
K&S expects net revenue in the fourth quarter of fiscal 2023 to be approximately $200 million +/- $20 million, GAAP EPS to be approximately $0.33 +/- 10%, and non-GAAP EPS to be approximately $0.42 +/- 10%.
Positive Outlook
- Improving core-market demand.
- Increasing assembly complexity.
- Growing portfolio addressing long-term advanced packaging opportunities.
- Growing portfolio addressing long-term advanced display opportunities.
- Semiconductor unit growth will improve to above average levels in calendar years 2024 and 2025.