Financial Data and Key Metrics Changes - The company generated $190.9 million in revenue for the June quarter, with a gross margin of 47.2% and non-GAAP EPS of $0.55, which was above prior expectations due to stringent cost control and discrete tax items [36][61] - Non-GAAP operating expenses were $66 million, lower than anticipated due to shifts in discretionary spending and ongoing cost controls [19][20] - Working capital days decreased from 517 to 465 days, primarily due to sequential improvement in revenue and relatively flat working capital [62] Business Line Data and Key Metrics Changes - Ball bonder equipment sales increased sequentially by 45%, largely due to increased utilization rates and stronger demand for the Rapid series [14] - The wedge bonder segment has seen strong demand, particularly driven by the semiconductor and electric vehicle markets, with wedge-related revenue more than doubling since 2020 [9][67] - The company shipped a record number of fluxless TCB systems and achieved record TCB revenue for the quarter [71] Market Data and Key Metrics Changes - 79% of total revenue stemmed from capital equipment, which improved by 13% sequentially, supported by utilization improvements in general semiconductor, LED, and memory end markets [14] - Utilization rates improved to around 70% from approximately 60% in previous quarters, with expectations for further increases [93] - The company anticipates nearly 10% semiconductor unit growth in calendar year 2024, with unit growth expected to remain above average in 2025 [6][39] Company Strategy and Development Direction - The company is focused on delivering new innovations that address long-term, technology-driven growth opportunities in both core and emerging equipment businesses [28] - Investments in development, engineering capabilities, and new market opportunities have enhanced the company's fundamental strength and solidified key pillars for long-term growth [16] - The company is actively engaged with multiple customers enabling technology transitions in automotive, semiconductor, and display opportunities [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about ongoing near and long-term improvements within core markets and execution across various end-market applications [18] - The company expects fiscal 2024 to be a better year than fiscal 2023, with the first half potentially not as strong as the second half [69][110] - Management noted that the macro environment remains dynamic, impacting visibility into future performance [66][69] Other Important Information - The company identified a material weakness over internal controls related to segment reporting, leading to the filing of an amended 10-K for fiscal year 2022, but noted no impact on reported amounts [3] - The company has a sizeable order backlog, roughly four times the size of the third quarter fiscal 2019 backlog, which is expected to reduce over the coming quarters [41] Q&A Session Summary Question: What is the expected performance of K&S given the 10% industry growth forecast for 2024? - Management believes that 2024 will be a better year than 2023, with growth initiatives and improved positioning in larger end markets contributing to performance [22][66] Question: What segments are showing improvement in revenue? - The ball bonder segment is showing significant improvement, with wedge bonder demand remaining strong [71] Question: Can you elaborate on the thermo-compression bonding market and the company's position? - The company has a strong TCB product portfolio and is focusing on high volume semiconductor applications, with expectations for significant growth by 2025 [72][77] Question: What are the current utilization rates? - Utilization rates are currently around 70%, up from approximately 60% in previous quarters, with expectations for further increases [93] Question: What is the company's strategy regarding share repurchases? - The company maintains an opportunistic approach to share repurchases, adjusting levels based on market conditions [115]

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 July 1, 2023 Pennsylvania 23-1498399 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 23A Serangoon North Avenue 5, #01-01, Singapore 554369 1005 Virginia Dr., Fort Washington, PA 19034 (Address of principal executive offices and Zip Code) OR TRANSITION REPORT PURSUANT TO SECT ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Tom Diffely - D.A. Davidson Dave Duley - Steelhead Securities Krish Sankar - Cowen and Company Charles Shi - Needham and Company Tyler Burmeister - Craig-Hallum Operator Hello and welcome to the Kulicke & Soffa 2023 Se ...

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 1, 2023 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 Identification No.) 23A ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2023 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Krish Sankar - Cowen Craig Ellis - B. Riley Charles Shi - Needham and Company David Duley - Steelhead Securities Hans Chung - D.A. Davidson Operator Hello, and welcome to the Kulicke & Soffa 2023 First Quarter Res ...

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 December 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Pennsylvania 23-1498399 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 23A Serangoon North Avenue 5, #01-01, Singapore 554369 1005 Virginia Dr., Fort Washington, P ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2022 Earnings Conference Call November 17, 2022 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President & Chief Executive Officer Lester Wong - Executive Vice President, Finance and IT and Chief Financial Officer Conference Call Participants Krish Sankar - Cowen and Company David Duley - Steelhead Securities Craig Ellis - B. Riley Charles Shi - Needham Operator Greeting and welcome to the Kulicke & Soffa ...

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 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. 000-00121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other ...

Q4F22 Ended Oct 1, 2022 1 NASDAQ: KLIC Quarterly Earnings Review Nov 17, 2022 Q4F22 Safe Harbor 2 Earnings Review While these forward-looking statements represent our judgments and future expectations concerning our business, 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 factors listed or discussed in our 2021 Annual Report on Form 10-K and our other filin ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q3 2022 Results Conference Call August 4, 2022 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, IR Fusen Chen - President, CEO Lester Wong - CFO Conference Call Participants Krish Sankar - Cowen Craig Ellis - B. Riley Securities Charles Shi - Needham & Company Christian Schwab - Craig-Hallum Capital Group David Duley - Steelhead Security Hans Chung - D.A. Davidson Operator Greeting and welcome to the Kulicke and Soffa 2022 Third Fiscal Quarte ...