US Market News
1月前
Kulicke & Soffa Reports Second Quarter 2026 ResultsMay 6, 2026 4:05 PM
PR Newswire (US) SINGAPORE, May 6, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of its second fiscal quarter ended April 4, 2026. The Company reported second quarter net revenue of $242.6 million, net income of $35.1 million, representing EPS of $0.66 per fully diluted share, and non-GAAP net income of $42.1 million, representing non-GAAP EPS of $0.79 per fully diluted share. Quarterly Results
Fiscal Q2 2026Fiscal Q2 2025Fiscal Q1 2026Net Revenue (in thousands)$242,621$161,986$199,625GAAP EPS – Diluted$0.66$(1.59)$0.32Non GAAP EPS - Diluted$0.79$(0.52)$0.44A reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the "Use of non-GAAP Financial Results" section of this press release.Lester Wong, Kulicke & Soffa's Interim Chief Executive Officer and Chief Financial Officer, stated, "Demand is stronger than anticipated due to both technology and capacity needs across general semiconductor, memory, automotive and industrial end markets. In addition to helping customers reach their production goals, we are also ramping near-term capital investment to support longer-term Advanced Solutions growth."The Company anticipates fiscal year 2026 capital expenditure to increase sequentially from approximately $12 million to approximately $22 million. This incremental investment is expected to significantly expand the Company's production of its Thermo-Compression bonding ("TCB") systems, supporting up to approximately $400 million in annual TCB system sales.Second Quarter Fiscal 2026 Financial HighlightsNet revenue of $242.6 million.Gross margin of 49.3%.Net income of $35.1 million or $0.66 per share; non-GAAP net income of $42.1 million or $0.79 per fully diluted share.GAAP cash flow from operations of $10.3 million; Adjusted free cash flow of $6.3 million.The Company repurchased a total of 3.0 thousand shares of common stock at a cost of $0.1 million.Third Quarter Fiscal 2026 Outlook
K&S currently expects net revenue in the third quarter of fiscal 2026 ending July 4, 2026 to be approximately $310 million +/- $20 million, GAAP diluted EPS to be approximately $0.87 +/- 10%, and non-GAAP diluted EPS to be approximately $1.00 +/- 10%.A reconciliation between the GAAP and non-GAAP financial outlook is provided in the financial tables included at the end of this press release. Earnings Conference Webcast
A webcast to discuss these results will be held on May 7, 2026, beginning at 8:00 am ET. The live webcast link, supplemental earnings presentation, and archived webcast will be available at investor.kns.com. To access the audio-only portion of the live webcast, parties may call +1-877-407-8037, or internationally, +1-201-689-8037.An audio-only replay of the webcast will also be available approximately one hour after the completion of the live call by calling +1-877-660-6853, or internationally, +1-201-612-7415 and referencing access code 13757797.Use of Non-GAAP Financial Results
In addition to U.S. GAAP ("GAAP") results, this press release also contains the following non-GAAP financial results: income from operations, operating margin, net income, net margin, net income per fully diluted share and adjusted free cash flow. The Company's non-GAAP results exclude amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, impairment relating to equity investments, income tax expense/benefit arising from discrete tax items triggered by acquisition, disposal of business (both via a sale or an abandonment), restructuring and significant changes in tax laws, gain/loss on disposal of business, as well as tax benefits or expenses associated with the foregoing non-GAAP items. The non-GAAP adjustments may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. These non-GAAP measures are consistent with the way management analyzes and assesses the Company's operating results. The Company believes these non-GAAP measures enhance investors' understanding of the Company's underlying operational performance, as well as their ability to compare the Company's period-to-period financial results and the Company's overall performance to that of its competitors.Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on the Company's reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure discussed in this press release is contained in the financial tables at the end of this press release.About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, failures or delays in completing the Company's cessation of its Electronics Assembly equipment business, the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new products, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.Contact:Kulicke and Soffa Industries, Inc.
Joseph Elgindy
Finance
P: +1-215-784-7518KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited)
Three months ended
Six months ended
April 4, 2026
March 29, 2025
April 4, 2026
March 29, 2025Net revenue$ 242,621
$ 161,986
$ 442,246
$ 328,110Cost of sales122,917
121,602
223,587
200,642Gross profit119,704
40,384
218,659
127,468Selling, general and administrative42,742
48,014
83,501
86,628Research and development38,396
37,220
78,772
75,028Gain relating to cessation of business—
—
—
(75,987)Impairment charges—
39,817
—
39,817Operating expenses81,138
125,051
162,273
125,486Income / (Loss) from operations38,566
(84,667)
56,386
1,982Interest income3,980
5,622
8,739
11,974Interest expense(37)
(36)
(77)
(63)Income / (Loss) before income taxes42,509
(79,081)
65,048
13,893Provision for income taxes7,361
5,438
13,104
16,770Net income / (loss)$ 35,148
$ (84,519)
$ 51,944
$ (2,877)
Net income / (loss) per share:
Basic$ 0.67
$ (1.59)
$ 0.99
$ (0.05)Diluted$ 0.66
$ (1.59)
$ 0.98
$ (0.05)Cash dividends declared per share$ 0.205
$ 0.205
$ 0.41
$ 0.41
Weighted average shares outstanding:
Basic52,327
53,311
52,323
53,551Diluted53,121
53,311
52,963
53,551 KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED BALANCE SHEETS(In thousands)(Unaudited)
As of
April 4, 2026
October 4, 2025ASSETSCurrent assets
Cash and cash equivalents$ 337,864
$ 215,708Short-term investments150,000
295,000Accounts and other receivable, net255,610
183,538Inventories, net206,294
160,225Prepaid expenses and other current assets32,549
47,064Total current assets982,317
901,535
Property, plant and equipment, net57,924
58,993Operating right-of-use assets33,921
32,193Goodwill69,522
69,522Intangible assets, net4,984
5,600Deferred tax assets16,144
16,109Equity investments7,881
6,978Investment in debt securities10,000
10,000Other assets3,291
3,412TOTAL ASSETS$ 1,185,984
$ 1,104,342
LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities
Accounts payable$ 85,445
$ 57,178Operating lease liabilities6,192
6,178Accrued expenses and other current liabilities119,230
97,786Income taxes payable22,653
27,029Total current liabilities233,520
188,171
Deferred tax liabilities34,892
35,533Income taxes payable17,289
16,580Operating lease liabilities33,594
32,372Other liabilities9,143
10,195TOTAL LIABILITIES$ 328,438
$ 282,851
SHAREHOLDERS' EQUITY
Common stock, without par value627,269
620,043Treasury stock, at cost(976,253)
(974,202)Retained earnings1,229,990
1,199,500Accumulated other comprehensive loss(23,460)
(23,850)TOTAL SHAREHOLDERS' EQUITY$ 857,546
$ 821,491
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 1,185,984
$ 1,104,342 KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)
Three months ended
Six months ended(in thousands)April 4, 2026
March 29, 2025
April 4, 2026
March 29, 2025Net cash provided by operating activities$ 10,271
$ 79,877
$ 1,338
$ 98,779Net cash provided by/(used in) investing activities45,368
(38,415)
138,693
43,624Net cash used in financing activities(283)
(33,506)
(18,171)
(81,958)Effect of exchange rate changes on cash and cash equivalents380
238
296
(1,073)Changes in cash and cash equivalents55,736
8,194
122,156
59,372Cash and cash equivalents, beginning of period282,128
278,325
215,708
227,147Cash and cash equivalents, end of period$ 337,864
$ 286,519
$ 337,864
$ 286,519
Short-term investments150,000
295,000
150,000
295,000Total cash, cash equivalents and short-term investments$ 487,864
$ 581,519
$ 487,864
$ 581,519 Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin(In thousands, except percentages)(Unaudited)
Three months ended
April 4, 2026
March 29, 2025
January 3,
2026Net revenue
$ 242,621
$ 161,986
$ 199,625U.S. GAAP income / (loss) from operations
38,566
(84,667)
17,820U.S. GAAP operating margin
15.9 %
(52.3) %
8.9 %
Pre-tax non-GAAP items:
Amortization related to intangible assets
307
1,171
308Restructuring
418
8,806
1,997Equity-based compensation
6,991
7,493
5,330Impairment charges
—
39,817
—Other income – escrow release on sale of subsidiary
—
—
(304)Non-GAAP income / (loss) from operations
$ 46,282
$ (27,380)
$ 25,151Non-GAAP operating margin
19.1 %
(16.9) %
12.6 % Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share(In thousands, except percentages and per share data)(Unaudited)
Three months ended
April 4, 2026
March 29,
2025
January 3,
2026Net revenue
$ 242,621
$ 161,986
$ 199,625U.S. GAAP net income / (loss)
35,148
(84,519)
16,796U.S. GAAP net margin
14.5 %
(52.2) %
8.4 %
Non-GAAP adjustments:
Amortization related to intangible assets
307
1,171
308Restructuring
418
8,806
1,997Equity-based compensation
6,991
7,493
5,330Impairment charges
—
39,817
—Other income – escrow release on sale of subsidiary
—
—
(304)Net income tax benefit on non-GAAP items
(728)
(639)
(986)Total non-GAAP adjustments
$ 6,988
$ 56,648
$ 6,345Non-GAAP net income / (loss)
$ 42,136
$ (27,871)
$ 23,141Non-GAAP net margin
17.4 %
(17.2) %
11.6 %
U.S. GAAP net income / (loss) per share:
Basic
$ 0.67
$ (1.59)
$ 0.32Diluted(a)
$ 0.66
$ (1.59)
$ 0.32
Non-GAAP adjustments per share:(b)
Basic
$ 0.14
$ 1.07
$ 0.12Diluted
$ 0.13
$ 1.07
$ 0.12
Non-GAAP net income / (loss) per share:
Basic
$ 0.81
$ (0.52)
$ 0.44Diluted(c)
$ 0.79
$ (0.52)
$ 0.44
Weighted average shares outstanding:
Basic
52,327
53,311
52,319Diluted
53,121
53,311
52,521
(a)GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive.(b)Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, gain relating to business cessation or disposal, and income tax effects associated with the foregoing non-GAAP items.(c)Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive. Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow(In thousands, except percentages)(unaudited)
Three months ended
April 4, 2026
March 29,
2025
January 3,
2026U.S. GAAP net cash provided by / (used in) operating activities
$ 10,271
$ 79,877
$ (8,933)Purchases of property, plant and equipment
(4,077)
(1,954)
(2,676)Proceeds from sales of property, plant and equipment
74
60
1
Non-GAAP adjusted free cash flow
$ 6,268
$ 77,983
$ (11,608) Reconciliation of U.S. GAAP to Non-GAAP Outlook(In millions, except per share data)(Unaudited)
Third quarter of fiscal 2026 ending July 4, 2026
GAAP Outlook
Adjustments
Non-GAAP OutlookNet revenue
$310 million +/- $20 million
—
$310 million +/- $20 millionOperating expenses
$92.4 million+/- 2%
$7.4 million B,C,D
$85.0 million+/- 2%Diluted EPS(1)
$0.87+/- 10%
$0.13 A - E
$1.00+/- 10%
Non-GAAP Adjustments
A. Equity-based compensation - Cost of sales
0.4B. Equity-based compensation - Selling, general and administrative and Research and development
6.6C. Amortization related to intangible assets
0.3D. Restructuring expenses
0.5E. Net income tax effect of the above items
(0.7)(1) GAAP and non-GAAP diluted EPS based on approximately 53.0 million diluted weighted average shares outstanding.The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, unannounced restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-reports-second-quarter-2026-results-302764352.htmlSOURCE Kulicke & Soffa Industries, Inc. Original: Kulicke & Soffa Reports Second Quarter 2026 Results
US Market News
3月前
Kulicke & Soffa Expands Memory Solutions PortfolioMarch 24, 2026 1:00 AM
PR Newswire (US)
Introducing New Solutions to Address Emerging Assembly ChallengesSINGAPORE, March 24, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. ("K&S", "Company") today announced an expanded portfolio of memory–focused interconnect solutions, reinforcing its leadership across Ball, Vertical Wire, Advanced Thermo–Compression and Hybrid Bonding technologies.As memory assembly evolves to support higher bandwidth, greater power efficiency, and tighter integration for AI-driven workloads, manufacturers are increasingly constrained by transistor scaling and traditional interconnect density limitations. K&S is relentlessly focused on addressing this growing set of challenges, while also providing new innovative solutions to address the challenges of tomorrow. The company is pleased to highlight its extensive and growing portfolio of leading memory solutions.Introducing the ProMEM Suite of Dedicated Memory Solutions
K&S continues to advance Ball Bonding technology to meet the performance, precision, and productivity requirements of modern high-volume memory devices, where throughput, consistency, placement accuracy, and yield stability are critical. Building on its longstanding leadership in high volume stacked NAND assembly, the Company today introduces the ProMEM suite of memory focused process enhancements, which deliver higher productivity and improved process control across advanced memory packaging applications.The latest capabilities offered by ProMEM span first bond, second bond, bumping, and looping processes, and when combined, enables up to a 20% higher throughput while improving bond quality, supporting higher density DRAM and NAND architectures.Together, these enhancements allow memory manufacturers to extend performance of wire bonding to directly support increased interconnect density and bandwidth requirements of emerging memory architectures.Vertical Wire: A Scalable Path to Higher Density Memory Architectures
K&S's Vertical Wire innovations, deployed on the ATP MEM PLUS and Ball Bonder platforms, provide a practical and cost-effective approach to increasing interconnect density in stacked memory designs. By extending wire bonding into the vertical dimension, K&S is enabling both higher interconnect density and reduced package footprint, which supports stacked DRAM and other next generation memory formats in high-volume production environments.Directly leveraging decades of proven leadership and wire bonding process knowledge, K&S is best prepared to support the industry's emerging three-dimensional memory requirements. With broadening customer engagement, the Company's vertical wire solutions offer a scalable pathway which leverages cost-effective bonding technologies to effectively support higher-density memory architectures, enabling manufacturers to significantly advance performance while maintaining proven process economics.Advanced Thermo–Compression and Hybrid Technology Leadership Support the Highest Performance Memory Applications
The proven capabilities of the Company's highly precise and configurable APTURA™ platform have already enabled production of the most advanced heterogeneous logic applications and are now being offered to support the most advanced, high-performance memory applications.K&S's Fluxless Thermo-Compression (FTC) innovations include best–in–class positioning accuracy and support both atmospheric plasma and the production–proven, in–situ, formic acid vapor oxide–reduction capabilities, which can be used in combination or individually customizable depending on the application requirements. These unique fluxless capabilities, combined with an array of material handling configurations, have driven share gains in leading–edge logic and are now being offered for leading-edge memory applications. These innovations enable advanced memory assembly by supporting near zero die–gap heights, low–resistance direct copper–to–copper interconnects, and industry–leading throughput and yields.The Company is investing in capital expenditures to expand TCB production and continues to anticipate its TCB business will grow approximately 70% sequentially in fiscal year 2026. K&S anticipates TCB demand will continue to aggressively grow in following years supporting advanced packaging trends in both logic and memory markets.K&S has also accelerated its Hybrid Bonding development program since 2024 and has actively developed several innovative capabilities which are driving early customer interest and engagements. K&S welcomes collaboration opportunities with customers and technology partners to address this potential industry opportunity.As emerging memory architectures such as high–bandwidth memory (HBM), high–bandwidth flash (HBF), and other forms of high-density DRAM become more prevalent, K&S FTC and Hybrid solutions are well positioned to provide a compelling value proposition.A Unified Strategy for the Next Era of Memory Packaging
Together, K&S's Ball Bonding, Vertical Wire, Advanced TCB and future Hybrid Bonding solutions form a cohesive memory interconnect roadmap, enabling customers to optimize current–generation memory production, introduce new stacking and interconnect approaches and prepare for future advanced memory architectures.By aligning incremental innovation with advanced packaging leadership, K&S continues to expand its served market and reinforce its position as a long–term technology partner to the global memory industry.Visit K&S at SEMICON China 2026
Together with a broad portfolio of K&S solutions, the Company will be available at the SEMICON China Trade Show in Shanghai, from March 25, 2026 through March 27, 2026 in booth #3431 of Hall N3. Please contact your regional K&S sales team for additional information.For more information, visit www.kns.com.About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our BusinessIn addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the persistent macroeconomic headwinds on our business, our ability to compete successfully in a highly competitive semiconductor equipment industry,, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new and enhanced products, our ability to operate our business in accordance with our business plan, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.Contacts:Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.comKulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com
View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-expands-memory-solutions-portfolio-302720046.htmlSOURCE Kulicke & Soffa Industries, Inc.
Original: Kulicke & Soffa Expands Memory Solutions Portfolio
US Market News
4月前
Kulicke & Soffa Reports First Quarter 2026 ResultsFebruary 4, 2026 4:05 PM
PR Newswire (US)
SINGAPORE, Feb. 4, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of its first fiscal quarter ended January 3, 2026. The Company reported first quarter net revenue of $199.6 million, net income of $16.8 million, representing EPS of $0.32 per fully diluted share, and non-GAAP net income of $23.1 million, representing non-GAAP EPS of $0.44 per fully diluted share.
Quarterly Results
Fiscal Q1 2026Fiscal Q1 2025Fiscal Q4 2025Net Revenue (in thousands)$199,625$166,124$177,558GAAP EPS – Diluted$0.32$1.51$0.12Non GAAP EPS - Diluted$0.44$0.37$0.28A reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the "Use of non-GAAP Financial Results" section of this press release.Lester Wong, Kulicke & Soffa's Interim Chief Executive Officer and Chief Financial Officer, stated, "As we continue preparing to support customers' higher near-term capacity requirements, we remain committed to broadening our market reach in parallel. Our prior investments in Power Semiconductor, Advanced Dispense, and Advanced Packaging, both Vertical Wire and Fluxless Thermo-Compression, strategically position us to further expand our market access over the long-term."First Quarter Fiscal 2026 Financial HighlightsNet revenue of $199.6 million.Gross margin of 49.6%.Net income of $16.8 million or $0.32 per share; non-GAAP net income of $23.1 million or $0.44 per fully diluted share.GAAP cash flow from operations of $(8.9) million; Adjusted free cash flow of $(11.6) million.The Company repurchased a total of 0.2 million shares of common stock at a cost of $6.7 million.Second Quarter Fiscal 2026 Outlook
K&S currently expects net revenue in the second quarter of fiscal 2026 ending April 4, 2026 to be approximately $230 million +/- $10 million, GAAP diluted EPS to be approximately $0.53 +/- 10%, and non-GAAP diluted EPS to be approximately $0.67 +/- 10%.A reconciliation between the GAAP and non-GAAP financial outlook is provided in the financial tables included at the end of this press release. Earnings Conference Webcast
A webcast to discuss these results will be held on February 5, 2026, beginning at 8:00 am ET. The live webcast link, supplemental earnings presentation, and archived webcast will be available at investor.kns.com. To access the audio-only portion of the live webcast, parties may call +1-877-407-8037, or internationally, +1-201-689-8037.An audio-only replay of the webcast will also be available approximately one hour after the completion of the live call by calling +1-877-660-6853, or internationally, +1-201-612-7415 and referencing access code 13757796.Use of Non-GAAP Financial Results
In addition to U.S. GAAP ("GAAP") results, this press release also contains the following non-GAAP financial results: income from operations, operating margin, net income, net margin, net income per fully diluted share and adjusted free cash flow. The Company's non-GAAP results exclude amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, impairment relating to equity investments, income tax expense/benefit arising from discrete tax items triggered by acquisition, disposal of business (both via a sale or an abandonment), restructuring and significant changes in tax laws, gain/loss on disposal of business, as well as tax benefits or expenses associated with the foregoing non-GAAP items. The non-GAAP adjustments may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. These non-GAAP measures are consistent with the way management analyzes and assesses the Company's operating results. The Company believes these non-GAAP measures enhance investors' understanding of the Company's underlying operational performance, as well as their ability to compare the Company's period-to-period financial results and the Company's overall performance to that of its competitors.Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on the Company's reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure discussed in this press release is contained in the financial tables at the end of this press release.About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, failures or delays in completing the Company's cessation of its Electronics Assembly equipment business, the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new products, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.Contact:
Kulicke and Soffa Industries, Inc.
Joseph Elgindy
Finance
P: +1-215-784-7518 KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited)
Three months ended
January 3,
2026
December 28,
2024Net revenue$ 199,625
$ 166,124Cost of sales100,670
79,040Gross profit98,955
87,084Selling, general and administrative40,759
38,614Research and development40,376
37,808Gain relating to cessation of business—
(75,987)Operating expenses81,135
435Income from operations17,820
86,649Interest income4,759
6,352Interest expense(40)
(27)Income before income taxes22,539
92,974Provision for income taxes5,743
11,332Net income$ 16,796
$ 81,642
Net No conditions met per share:
Basic$ 0.32
$ 1.52Diluted$ 0.32
$ 1.51Cash dividends declared per share$ 0.205
$ 0.205
Weighted average shares outstanding:
Basic52,319
53,791Diluted52,521
54,212 KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED BALANCE SHEETS(In thousands)(Unaudited)
As of
January 3, 2026
October 4, 2025ASSETSCurrent assets
Cash and cash equivalents$ 282,128
$ 215,708Short-term investments199,000
295,000Accounts and other receivable, net215,779
183,538Inventories, net176,507
160,225Prepaid expenses and other current assets40,800
47,064Total current assets914,214
901,535
Property, plant and equipment, net57,468
58,993Operating right-of-use assets30,827
32,193Goodwill69,522
69,522Intangible assets, net5,292
5,600Deferred tax assets16,460
16,109Equity investments7,660
6,978Investment in debt securities10,000
10,000Other assets3,197
3,412TOTAL ASSETS$ 1,114,640
$ 1,104,342
LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities
Accounts payable$ 68,892
$ 57,178Operating lease liabilities5,893
6,178Accrued expenses and other current liabilities88,409
97,786Income taxes payable33,683
27,029Total current liabilities196,877
188,171
Deferred tax liabilities35,575
35,533Income taxes payable16,851
16,580Operating lease liabilities31,089
32,372Other liabilities9,213
10,195TOTAL LIABILITIES$ 289,605
$ 282,851
SHAREHOLDERS' EQUITY
Common stock, without par value620,350
620,043Treasury stock, at cost(976,177)
(974,202)Retained earnings1,205,569
1,199,500Accumulated other comprehensive loss(24,707)
(23,850)TOTAL SHAREHOLDERS' EQUITY$ 825,035
$ 821,491
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 1,114,640
$ 1,104,342 KULICKE AND SOFFA INDUSTRIES, INC.CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)
Three months ended(in thousands)January 3,
2026
December 28,
2024Net cash (used in) / provided by operating activities$ (8,933)
$ 18,902Net cash provided by investing activities93,325
82,039Net cash used in financing activities(17,888)
(48,452)Effect of exchange rate changes on cash and cash equivalents(84)
(1,311)Changes in cash and cash equivalents66,420
51,178Cash and cash equivalents, beginning of period215,708
227,147Cash and cash equivalents, end of period$ 282,128
$ 278,325
Short-term investments199,000
260,000Total cash, cash equivalents and short-term investments$ 481,128
$ 538,325 Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin(In thousands, except percentages)(Unaudited)
Three months ended
January 3,
2026
December 28,
2024
October 4,
2025Net revenue
$ 199,625
$ 166,124
$ 177,558U.S. GAAP income from operations
17,820
86,649
888U.S. GAAP operating margin
8.9 %
52.2 %
0.5 %
Pre-tax non-GAAP items:
Amortization related to intangible assets
308
1,246
308Restructuring
1,997
829
2,797Equity-based compensation
5,330
6,141
7,800Gain relating to cessation of business
—
(75,987)
—Other income – escrow release on sale of subsidiary
(304)
—
—Non-GAAP income from operations
$ 25,151
$ 18,878
$ 11,793Non-GAAP operating margin
12.6 %
11.4 %
6.6 % Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share(In thousands, except percentages and per share data)(Unaudited)
Three months ended
January 3,
2026
December 28,
2024
October 4,
2025Net revenue
$ 199,625
$ 166,124
$ 177,558U.S. GAAP net income
16,796
81,642
6,379U.S. GAAP net margin
8.4 %
49.1 %
3.6 %
Non-GAAP adjustments:
Amortization related to intangible assets
308
1,246
308Restructuring
1,997
829
2,797Equity-based compensation
5,330
6,141
7,800Gain relating to cessation of business
—
(75,987)
—Other income – escrow release on sale of subsidiary
(304)
—
—Net income tax (benefit) / expense on non-GAAP items
(986)
6,349
(2,411)Total non-GAAP adjustments
$ 6,345
$ (61,422)
$ 8,494Non-GAAP net income
$ 23,141
$ 20,220
$ 14,873Non-GAAP net margin
11.6 %
12.2 %
8.4 %
U.S. GAAP net income per share:
Basic
$ 0.32
$ 1.52
$ 0.12Diluted(a)
$ 0.32
$ 1.51
$ 0.12
Non-GAAP adjustments per share:(b)
Basic
$ 0.12
$ (1.14)
$ 0.16Diluted
$ 0.12
$ (1.14)
$ 0.16
Non-GAAP net income per share:
Basic
$ 0.44
$ 0.38
$ 0.28Diluted(c)
$ 0.44
$ 0.37
$ 0.28
Weighted average shares outstanding:
Basic
52,319
53,791
52,093Diluted
52,464
54,212
52,464
(a) GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive.(b) Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, gain relating to disposal or cessation of a business, and income tax effects associated with the foregoing non-GAAP items.(c) Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive. Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow(In thousands, except percentages)(unaudited)
Three months ended
January 3,
2026
December 28,
2024
October 4,
2025U.S. GAAP net cash (used in) / provided by operating activities
$ (8,933)
$ 18,902
$ 7,406Purchases of property, plant and equipment
(2,676)
(10,202)
(2,957)Proceeds from sales of property, plant and equipment
1
—
—
Non-GAAP adjusted free cash flow
$ (11,608)
$ 8,700
$ 4,449 Reconciliation of U.S. GAAP to Non-GAAP Outlook(In millions, except per share data)(Unaudited)
Second quarter of fiscal 2026 ending April 4, 2026
GAAP Outlook
Adjustments
Non-GAAP OutlookNet revenue
$230 million +/- $10 million
—
$230 million +/- $10 millionOperating expenses
$80.4 million+/- 2%
$7.4 million B,C,D
$73.0 million+/- 2%Diluted EPS(1)
$0.53+/- 10%%
$0.14 A - E
$0.67+/- 10% Non-GAAP Adjustments
A. Equity-based compensation - Cost of sales
0.4B. Equity-based compensation - Selling, general and administrative and Research and development
6.4C. Amortization related to intangible assets
0.3D. Restructuring expenses
0.7E. Net income tax effect of the above items
(0.7)(1) GAAP and non-GAAP diluted EPS based on approximately 52.0 million diluted weighted average shares outstanding.The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, unannounced restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.
View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-reports-first-quarter-2026-results-302679161.htmlSOURCE Kulicke & Soffa Industries, Inc.
Original: Kulicke & Soffa Reports First Quarter 2026 Results