UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended January 1, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other jurisdi ...

Quarterly Earnings Review Nov 18, 2021 Q4F21 Ended Oct 2, 2021 NASDAQ: KLIC Safe Harbor | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2021 Results Conference Call November 18, 2021 8:00 AM ET Company Participants Joe Elgindy - IR Fusen Chen - President & CEO Lester Wong - CFO Conference Call Participants Christian Schwab - Craig-Hallum Craig Ellis - B. Riley Securities David Duley - Steelhead Securities Krish Sankar - Cowen & Company Tom Diffely - D.A. Davidson Charles Shi - Needham & Company Dylan Patel - SemiAnalysis Operator Hello, and welcome to the Kulicke and Soffa 2021 Fourth Fisc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other juri ...

《Kulicke & Soffa。 1 1 Investor Day 2021 September 23, 2021 TechnoloyChange Extending market access, supporting profitability enhancements Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management's expectations as of September 23, 2021. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent o ...

PART I [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) The unaudited financial statements for July 3, 2021, reflect substantial growth in assets, revenue, and net income, supported by strong operating cash flow [Consolidated Condensed Balance Sheets](index=4&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) The balance sheet as of July 3, 2021, shows significant growth in total assets to $1.41 billion and shareholders' equity to $973.3 million Consolidated Condensed Balance Sheet Highlights (in thousands) | Balance Sheet Item | July 3, 2021 | October 3, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$1,409,861** | **$1,054,566** | | Cash and cash equivalents | $387,999 | $188,127 | | Accounts and other receivable, net | $369,346 | $198,640 | | Inventories, net | $153,325 | $111,809 | | Goodwill | $73,683 | $56,695 | | **Total Liabilities** | **$436,519** | **$296,572** | | Accounts payable | $144,269 | $57,688 | | **Total Shareholders' Equity** | **$973,342** | **$757,994** | [Consolidated Condensed Statements of Operations](index=5&type=section&id=Consolidated%20Condensed%20Statements%20of%20Operations) The company achieved substantial year-over-year growth in net revenue and net income for both the three and nine months ended July 3, 2021 Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended July 3, 2021 | Three Months Ended June 27, 2020 | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $424,318 | $150,450 | $1,032,338 | $445,488 | | Gross profit | $195,695 | $69,423 | $465,671 | $209,090 | | Income from operations | $120,455 | $10,971 | $257,611 | $35,461 | | Net income | $113,766 | $11,151 | $233,450 | $36,516 | | Diluted EPS | $1.79 | $0.18 | $3.68 | $0.57 | [Consolidated Condensed Statements of Cash Flows](index=9&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) Operating activities generated $176.7 million in cash for the nine months ended July 3, 2021, significantly boosting cash and equivalents Cash Flow Summary (in thousands) | Cash Flow Activity | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $176,656 | $62,681 | | Net cash provided by investing activities | $54,221 | $25,863 | | Net cash used in financing activities | ($31,982) | ($130,618) | | **Change in cash and cash equivalents** | **$199,872** | **($42,409)** | | Cash and cash equivalents at end of period | $387,999 | $321,775 | [Notes to Consolidated Condensed Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) Notes detail accounting policies, the Uniqarta acquisition, segment performance, and capital allocation activities - On January 19, 2021, the company acquired Uniqarta, Inc., a developer of laser transfer technology, for a purchase price of **$26.5 million** in cash, resulting in **$16.8 million** in goodwill and **$11.2 million** in intangible assets[77](index=77&type=chunk)[78](index=78&type=chunk)[80](index=80&type=chunk) Revenue and Operating Income by Segment (Nine Months Ended, in thousands) | Segment | Net Revenue (July 3, 2021) | Net Revenue (June 27, 2020) | Income from Operations (July 3, 2021) | Income from Operations (June 27, 2020) | | :--- | :--- | :--- | :--- | :--- | | Capital Equipment | $881,722 | $326,982 | $218,010 | $7,815 | | APS | $150,616 | $118,506 | $39,601 | $27,646 | | **Total** | **$1,032,338** | **$445,488** | **$257,611** | **$35,461** | - For the nine months ended July 3, 2021, the company repurchased **153.0 thousand shares** of common stock for **$6.4 million** and paid dividends totaling **$24.8 million**[125](index=125&type=chunk)[126](index=126&type=chunk) - ASE Technology Holding was a significant customer, accounting for **19.4% of total net revenue** for the nine months ended July 3, 2021[153](index=153&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses significant revenue growth from strong segment demand, increased operating expenses, and robust liquidity [Results of Operations](index=36&type=section&id=Results%20of%20Operations) Net revenue surged 131.7% to $1.03 billion for the nine months ended July 3, 2021, significantly increasing operating income Nine-Month Performance Comparison (in thousands) | Metric | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Revenue | $1,032,338 | $445,488 | $586,850 | 131.7% | | Gross Profit | $465,671 | $209,090 | $256,581 | 122.7% | | Operating Expenses | $208,060 | $173,629 | $34,431 | 19.8% | | Income from Operations | $257,611 | $35,461 | $222,150 | 626.5% | - Capital Equipment revenue growth was driven by strong demand in the general semiconductor market (consumer applications, 5G), automotive, and LED markets[183](index=183&type=chunk) - The increase in SG&A expenses was primarily due to **$14.6 million** in higher staff costs (incentive compensation, headcount) and **$4.9 million** in higher professional services expenses[194](index=194&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains robust liquidity with $635.0 million in cash and short-term investments, sufficient for future requirements Cash and Short-Term Investments (in thousands) | Category | July 3, 2021 | October 3, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $387,999 | $188,127 | | Short-term investments | $247,000 | $342,000 | | **Total** | **$634,999** | **$530,127** | - The Board of Directors increased the share repurchase authorization to **$400 million** and extended it through August 1, 2022, with approximately **$135.7 million** remaining available under the program as of July 3, 2021[215](index=215&type=chunk) - The company declared and paid quarterly dividends of **$0.14 per share**, totaling **$24.8 million** for the nine months ended July 3, 2021[216](index=216&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company faces market risks from interest rates and foreign currency fluctuations, mitigated by hedging strategies - The company's primary market risks are **interest rate risk** and **foreign currency risk**[223](index=223&type=chunk)[224](index=224&type=chunk) - As of July 3, 2021, the company had foreign exchange forward contracts with a notional value of **$57.0 million** to hedge against foreign currency-denominated expenses[226](index=226&type=chunk) - A **10% fluctuation** in foreign currency exchange rates could impact the company's financial position, results, or cash flows by an estimated **$2.0 million to $3.0 million**[225](index=225&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were effective as of July 3, 2021, with no material changes to internal controls - The CEO and CFO concluded that as of July 3, 2021, the company's disclosure controls and procedures were **effective**[228](index=228&type=chunk) - There were no changes during the third quarter of fiscal 2021 that materially affected or are likely to materially affect the company's **internal control over financial reporting**[230](index=230&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=45&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is involved in routine litigation, with management expecting no material adverse effect on its financial condition or results - The company is involved in routine litigation but does not expect any pending cases to have a **material adverse effect** on its financial condition or results[231](index=231&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors were reported compared to the 2020 Annual Report on Form 10-K - No material changes to risk factors were reported compared to the **2020 Annual Report on Form 10-K**[232](index=232&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company repurchased 82 thousand shares for $4.1 million in Q3 FY2021 under its $400 million program, also issuing unregistered equity Share Repurchases (Q3 FY2021) | Period | Total Shares Repurchased (thousands) | Average Price Paid Per Share | | :--- | :--- | :--- | | April 4 - May 1, 2021 | 11 | $53.79 | | May 2 - June 5, 2021 | 63 | $48.43 | | June 6 - July 3, 2021 | 8 | $55.20 | | **Total for Quarter** | **82** | **N/A** | - The share repurchase program was increased to **$400 million** and extended through August 1, 2022, with **$135.7 million** remaining available for repurchases as of the end of the quarter[236](index=236&type=chunk) [Exhibits](index=47&type=section&id=Item%206.%20EXHIBITS) This section lists exhibits filed with the Form 10-Q, including CEO/CFO certifications and Inline XBRL data files

Financial Data and Key Metrics Changes - The company reported revenue of $424.3 million for the June quarter, representing a nearly 25% sequential increase [29] - Gross margins for the June quarter were 46.1%, with non-GAAP EPS of $1.87, up 48% sequentially [14][29] - Non-GAAP net income was $118.8 million, highlighting operational leverage [30] - The company anticipates revenue of approximately $465 million for the September quarter, marking a nearly 10% increase over the June quarter [34] Business Line Data and Key Metrics Changes - The General Semiconductor space is experiencing strong demand driven by the adoption of 5G and new connected devices [15][24] - Approximately 40% of capital equipment revenue came from advanced packages, indicating a significant shift in product mix [19] - Equipment sales into the LED market remained strong, with expectations for further increases in September [21] Market Data and Key Metrics Changes - The automotive and industrial market showed strong performance, driven by the need for semiconductors in electric vehicles and autonomous driving [24] - Memory market sales improved sharply, with June quarter sales above long-term averages [25] - The company expects continued strong demand in the semiconductor industry, with annual growth rates anticipated to exceed the historical average of 6.5% [11] Company Strategy and Development Direction - The company is focused on expanding market reach through aggressive R&D investments targeting automotive, electronics assembly, and display markets [8][10] - The long-term strategy includes supporting advanced display and packaging technologies, with expectations for sustainable revenue growth [12][35] - The company plans to leverage new product introductions to enhance profitability and market presence [20][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining a revenue level of $1.5 billion, supported by strong market demand and ongoing industry expansion [11][42] - The company is optimistic about the semiconductor market's growth trajectory, with expectations for continued demand driven by new applications [10][59] - Management noted that supply chain challenges are being effectively mitigated, allowing for increased production capacity [26][25] Other Important Information - The company ended the June quarter with a total net cash and investment position of $635 million, reflecting strong cash generation potential [32] - The effective tax rate is expected to be around 15% for fiscal 2021, with a long-term target of 18% [31] Q&A Session Summary Question: Future Revenue Levels - Management indicated that they expect to finish FY 2021 at $1.5 billion and anticipate similar revenue levels for FY 2022, with potential upside in the second half of FY 2022 due to ongoing chip shortages [41][42] Question: Sustainability of Gross Margins - Management believes that a gross margin of 47% is sustainable due to a favorable product mix and ongoing cost reduction efforts [46][47] Question: Demand and Capacity Outlook - Management acknowledged that current demand is strong and that the industry is still facing a shortage of equipment, which is expected to continue driving revenue [59][60] Question: Long-term Growth in Automotive and Advanced Packaging - Management highlighted significant growth opportunities in advanced packaging and automotive markets, projecting substantial revenue increases from these segments [70][71] Question: Share Buyback Strategy - Management is evaluating capital allocation strategies, including share repurchases, dividends, and investments in organic growth [88][90]

NASDAQ: KLIC Q3F21 Ended Jul 3, 2021 Quarterly Earnings Review August 5, 2021 Safe Harbor | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - The company generated revenue of $340.2 million in the March quarter, representing a 27% increase sequentially and over 125% increase year-over-year [21] - Non-GAAP operating margins improved to 26.4%, a 410 basis point increase from the December quarter [30] - Full fiscal year revenue guidance was raised to between $1.3 billion to $1.4 billion, significantly up from the previous guidance of $1.1 billion [26] Business Line Data and Key Metrics Changes - The APS segment increased by over 15% sequentially, driven by higher utilization of the installed base [21] - Capital equipment sales, which represent 85% of overall revenue, increased by 29% sequentially, with strong performance across all end markets [21] - Memory segment sales increased by over 60% sequentially, while LED sales increased nearly 60% [22][24] Market Data and Key Metrics Changes - China accounted for 61% of total sales, followed by Taiwan at 21% [48] - The automotive and industrial end markets saw the largest sequential growth, increasing 83% [22] - Lead times for wire bonders are currently about 10 months, primarily due to supply chain bottlenecks [38] Company Strategy and Development Direction - The company is focusing on expanding its core market reach and addressing increasing capital intensity needs within its served markets [12] - There is a strong emphasis on multi-chip applications, with expectations for significant growth in this area [14] - The company is actively engaged in the mini LED market, with expectations for continued adoption and growth [20] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong demand drivers including 5G, IoT, and automotive transitions, which are expected to support long-term growth [27] - There is cautious optimism regarding supply chain constraints, with efforts to mitigate these challenges [25] - Management anticipates some volatility in transitional drivers but remains confident in the overall growth trajectory [64] Other Important Information - The company issued its fifth annual sustainability report, highlighting its commitment to ESG initiatives [7] - The company has recently won several qualifications at top OSATs, IDMs, and foundries, enhancing its competitive position [16] Q&A Session Summary Question: Health of end markets and lead times - Management indicated that utilization rates are currently very high, and they are monitoring for potential double bookings, which are not significant at this time [37] Question: Revenue guidance and supply chain visibility - Management explained the increase in revenue guidance is due to improved visibility, despite potential seasonality in Q4 [46] Question: Contribution of China to sales - China represented 61% of total sales for the quarter, indicating a strong market presence [48] Question: Advanced packaging products revenue targets - Management expects advanced packaging products to contribute an additional $40 million to $50 million in revenue in fiscal year 2022 [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended April 3, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other jurisdict ...