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Oct 02, 2021
Kulicke and Soffa Q4 2021 Earnings Report
Announced fourth quarter results with net revenue of $485.3 million and net income of $133.7 million.
Key Takeaways
Kulicke & Soffa reported strong Q4 2021 results, with net revenue reaching $485.3 million and net income of $133.7 million. The company exceeded revenue expectations by extending production capacity and delivering advanced display systems. They are navigating global supply-chain challenges and expanding into automotive, electronics assembly, and advanced display end-markets.
Net revenue for the fourth quarter was $485.3 million.
Net income for the fourth quarter reached $133.7 million.
Non-GAAP net income for the fourth quarter was $138.3 million.
Cash, cash equivalents, and short-term investments were $739.8 million as of October 2, 2021.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the first fiscal quarter of 2022 to be approximately $460 million, +/- $20 million, and expects non-GAAP EPS to be approximately $1.88, +/- 10%.
Positive Outlook
- Strong ongoing demand across served end-markets.
- Anticipate ongoing industry expansion.
- Rapid growth of emerging portfolio of solutions.
- Addressing semiconductor assembly challenges.
- Addressing electric vehicle assembly challenges.