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Oct 03, 2020
Kulicke and Soffa Q4 2020 Earnings Report
Reported fourth quarter results with net revenue of $177.7 million and net income of $15.8 million.
Key Takeaways
Kulicke & Soffa reported a strong fourth quarter in fiscal year 2020, with net revenue reaching $177.7 million and net income of $15.8 million. The company's strategic focus on advanced display market entry, 5G adoption, smartphone recovery, and general semiconductor unit growth improvement drove increased demand for its core products and services.
Net revenue for the fourth quarter was $177.7 million, up 27.1% year-over-year.
Net income for the fourth quarter was $15.8 million, or $0.25 per diluted share.
Non-GAAP net income for the fourth quarter was $18.0 million, or $0.29 per diluted share.
The company repurchased $8.8 million of common stock during the quarter at an average price of $22.68 per share.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the first fiscal quarter of 2021, ending January 2, 2021, to be approximately $230 million to $250 million, and expects non-GAAP EPS to be approximately $0.48 to $0.58.
Positive Outlook
- Steep sequential demand improvement.
- Strength in the Company’s general semiconductor and LED end-markets.
- Entry into the advanced display market.
- 5G adoption.
- Smartphone recovery and general semiconductor unit growth improvement are increasing demand for our core products and services.