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Jun 29, 2024
Kulicke and Soffa Q3 2024 Earnings Report
Kulicke & Soffa reported third quarter results with industry adoption of advanced solutions expanding.
Key Takeaways
Kulicke & Soffa reported third quarter net revenue of $181.7 million, net income of $12.3 million, representing EPS of $0.22 per fully diluted share, and non-GAAP net income of $19.3 million, representing non-GAAP EPS of $0.35 per fully diluted share.
Net revenue of $181.7 million.
Gross margin of 46.6%.
Net income of $12.3 million or $0.22 per share; non-GAAP net income of $19.3 million or $0.35 per fully diluted share.
GAAP cash flow from operations of $26.9 million; Adjusted free cash flow of $24.2 million.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
K&S currently expects net revenue in the fourth quarter of fiscal 2024 ending September 28, 2024 to be approximately $180 million +/- $10 million, GAAP diluted EPS to be approximately $0.22 +/- 10%, and non-GAAP diluted EPS to be approximately $0.35 +/- 10%.