SINGAPORE, Nov. 13, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company"), has received an order from a leading foundry customer for multiple APTURA™ Fluxless TCB systems to support the broadening global adoption of advanced packaging capacity for leading-edge semiconductor production.Kulicke & Soffa continues to actively expand its customer base with APTURA™ – the most advanced Fluxless Thermo-Compression (FTC) system available, and the fir ...

SINGAPORE, Oct. 30, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced that a conference call is scheduled to discuss the Company's fourth fiscal quarter 2024 financial results and its business outlook, on Thursday, November 14, 2024, at 8:00 am EST. The Company will issue its fourth fiscal quarter 2024 financial results in the ...

Shares of Kulicke & Soffa Industries Inc (KLIC, Financial) surged 4.15% in mid-day trading on Oct 2. The stock reached an intraday high of $45.72, before settling at $45.69, up from its previous close of $43.87. This places KLIC 19.43% below its 52-week high of $56.71 and 19.61% above its 52-week low of $38.20. Trading volume was 148,558 shares, 26.2% of the average daily volume of 566,981. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price for ...

Financial Data and Key Metrics - Revenue for the June quarter was $181.7 million with a gross margin of 46.6% [20] - Non-GAAP EPS exceeded expectations due to operational focus [12] - The company repurchased $44 million of shares in the June quarter, an 18% sequential increase and a 64% increase over the December quarter [21] - For the September quarter, revenue is expected to be approximately $180 million, with gross margins of 47% and non-GAAP operating expenses of $69 million [22] Business Line Data and Key Metrics - Ball Bonding revenue improved by 42% year-to-date, despite headwinds in automotive and industrial markets [13] - Thermo-Compression revenue for the June quarter was approximately $20 million, including recognition of an additional FTC system [15] - High-Power-Interconnect (HPI) solutions are being deployed in volume battery production and power conversion applications [15] - Memory market investments are supporting NAND and LPDDR markets, with high-volume DRAM expected to transition to 3D packaging formats by late 2025 or early 2026 [16] Market Data and Key Metrics - Utilization rates for Ball Bonding in General Semiconductor have improved sequentially, with global rates exceeding 75% last quarter and expected to reach the high 70% range in Q4 [14] - Automotive and Industrial markets are showing demand improvements, particularly in EV-related applications [15] - Memory market customers are investing in new capacity and technology, with several leaders expected to accelerate development and pre-production activities in the coming quarters [16] Company Strategy and Industry Competition - The company is focusing on advanced packaging solutions, including Thermo-Compression Bonding (TCB) and Fluxless TCB, which have grown 10x over the past four years [8][9] - The company is part of the U.S.-Joint semiconductor consortium, aiming to establish a U.S.-based R&D facility with advanced packaging capabilities [5][6] - The company is well-positioned to support chiplet-based architectures and heterogeneous integration, with a focus on AI, HPC, and mobility markets [9][18] Management Commentary on Operating Environment and Future Outlook - Management expects most end markets to have already experienced trough levels of demand over the past 18 months, with gradual improvements in multiple markets [12][19] - Gartner projects a 17% semiconductor revenue industry growth rate through 2025, driven by AI, automotive, and general semiconductor markets [19] - The company anticipates ongoing industry growth into 2025, supported by global front-end investments and improving utilization rates [14][19] Other Important Information - The company has a long-term share repurchase program, with $728.5 million repurchased since August 2017 and $73 million remaining under the current authorization [21] - The company is optimistic about a broader multi-market recovery, with meaningful capacity demand improvements expected for high-volume markets in the near term [22] Q&A Session Summary Question: Near-term recovery and utilization levels [24] - Management expects Q4 to be flat compared to Q3, with utilization rates improving but not yet triggering significant capacity additions [26] Question: Recovery trajectory and seasonality [27] - Management anticipates a gradual recovery, with potential growth in Q1 2025 and a stronger recovery in Q3 and Q4 2025 [28] Question: Advanced packaging and TCB qualifications [33] - The company is engaged in multiple qualification projects with a Taiwan foundry, with early production expected in the first half of 2025 [33] Question: Advanced packaging revenue forecast [34] - The company forecasts $200 million in dedicated advanced packaging revenue for fiscal 2025, including TCB, vertical wire, and system packaging [34] Question: End market shifts and product mix [37] - Management expects the September quarter to be similar to the June quarter in terms of end market and product mix [37] Question: Project W costs and reallocation [39] - Minimal costs were associated with Project W, and resources have been reallocated to in-demand projects [39] Question: Applications driving TCB growth [43] - TCB growth has been driven by OSAT, IDM, and heterogeneous integration markets, with a focus on chip-to-wafer and foundry opportunities [43] Question: Core business recovery potential [44] - Management believes the core business has significant recovery potential, with historical peak revenue levels achievable under appropriate market conditions [44] Question: Gross margin outlook [48] - Gross margins are expected to remain around 47% through the rest of 2024, with potential improvement to 50% in 2025 as new higher-margin products gain traction [48] Question: Customer optimism for 2025 [49] - Customers are optimistic about 2025, with expectations of broader recovery across multiple end markets, including automotive, industrial, and AI [49][50]

Q3F24 Ended June 29, 2024 Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review August 7, 2024 1 Earnings Review 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 August 7, 2024. These statements are "forwardlooking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expec ...

Kulicke and Soffa (KLIC) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.24 per share when it actually produced a loss of $0.95, delivering a surprise of -495.83%. Over the last f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Without Par Value KLIC The Nasdaq Global Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 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- ...

Exhibit 99.1 Kulicke & Soffa Pte. Ltd. 23A Serangoon North Ave 5 Singapore 554369 +65 6880-9600 main Co. Regn. No. 199902120H Kulicke and Soffa Industries, Inc. 1005 Virginia Drive Fort Washington, PA 19034 USA +1-215-784-6000 main www.kns.com Kulicke & Soffa Reports Third Quarter 2024 Results Industry Adoption of Advanced Solutions Expands Singapore – August 7, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of ...

Industry Adoption of Advanced Solutions Expands SINGAPORE, Aug. 7, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of its third fiscal quarter ended June 29, 2024. The Company reported third quarter net revenue of $181.7 million, net income of $12.3 million, representing EPS of $0.22 per fully diluted share, and non-GAAP net income of $19.3 million, representing non-GAAP EPS of $0.35 per fully dilut ...

Several New Customer Wins as TCB Gains Commercial Momentum New Path to Hybrid Bonding Demonstrated through Fluxless TCB K&S Joins Resonac-led "US-Joint" Consortium SINGAPORE, Aug. 7, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", or the "Company") announced the introduction of its latest APTURA™ Thermo-Compression platform in addition to three new milestones relating to industry adoption of its chiplet-enabling Thermo-Compression technology. Recently, sever ...