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]

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 ...

SINGAPORE, May 16, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.20 per share of common stock. This upcoming dividend payment will be made on July 9, 2024 to holders of record as of June 20, 2024. About Kulicke & Soffa Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions ena ...

Nvidia's GPUs are the sexier story, but advanced packaging companies may be the next big AI growth story.AI chip leader Nvidia (NVDA 1.27%) will no doubt have very strong growth over the next year-plus. But while the chip designers like Nvidia and its would-be competitors garner a lot of headlines, the less sexy advanced packaging process is actually today's big AI bottleneck.That's why these two under-the-radar advanced packaging tech stocks are primed to take off in 2025. What's advanced packaging, and wh ...

Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Joseph Elgindy - Senior Director of Investor Relations Fusen Chen - President & Chief Executive Officer Lester Wong - Executive Vice President of Finance & Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen David Duley - Steelhead Securities Operator Greetings and welcome to the Kulicke & Soffa 2024 Second Quarter Results Conference Call. At this time, all par ...

UNITED STATES 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 March 30, 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.: 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) SECURITIES AND EXCHANGE COMMISSION Pennsylvania 23-1498399 (State or other jurisdi ...

Kulicke and Soffa (KLIC) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -495.83%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.Over the last four quarters, ...

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 Second Quarter 2024 Results Focuses on Operational Efficiency; Increases Repurchase Activity Singapore – May 1, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financ ...