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Sep 30, 2023
Kulicke and Soffa Q4 2023 Earnings Report
Kulicke and Soffa reported fourth quarter results, with revenue of $202.3 million and EPS of $0.41.
Key Takeaways
Kulicke and Soffa reported Q4 2023 results with net revenue of $202.3 million and net income of $23.4 million, resulting in an EPS of $0.41. Non-GAAP net income was $29.4 million, with a non-GAAP EPS of $0.51.
Net revenue for the fourth quarter was $202.3 million.
Net income for the fourth quarter was $23.4 million, resulting in EPS of $0.41.
Non-GAAP net income was $29.4 million, resulting in non-GAAP EPS of $0.51.
The General Semiconductor and LED end markets have shown clear improvements in the September quarter.
Forward Guidance
The Company currently expects net revenue in the first fiscal quarter of 2024 to be approximately $170.0 million, +/- $10 million, GAAP diluted EPS to be approximately $0.15 +/- 10%, and non-GAAP diluted EPS to be approximately $0.25, +/- 10%.
Positive Outlook
- Broader cyclical improvements have benefited the utilization rates and demand for Ball Bonding systems.
- Management anticipates demand to sequentially improve in the second fiscal quarter 2024
- Broader demand improvements in the second fiscal half
- Strengthening industry conditions
- Ongoing execution of several K&S-specific opportunities.
Challenges Ahead
- Near-term headwinds persist in memory markets.
- Near-term headwinds persist in automotive markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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