[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) The company's Q1 FY2023 performance saw a significant decline in revenue and net income, driven by lower Capital Equipment volumes [Consolidated Condensed Balance Sheets](index=4&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) Total assets decreased slightly to $1.55 billion, driven by a drop in receivables partially offset by an increase in inventories Consolidated Condensed Balance Sheet Highlights (in thousands) | Account | Dec 31, 2022 | Oct 1, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $1,270,709 | $1,332,046 | | Accounts and other receivable, net | $200,337 | $309,323 | | Inventories, net | $211,637 | $184,986 | | **Total Assets** | **$1,549,818** | **$1,588,599** | | **Total Current Liabilities** | $221,055 | $248,681 | | **Total Liabilities** | **$372,589** | **$393,949** | | **Total Shareholders' Equity** | **$1,177,229** | **$1,194,650** | [Consolidated Condensed Statements of Operations](index=5&type=section&id=Consolidated%20Condensed%20Statements%20of%20Operations) Net revenue for Q1 FY2023 fell 61.8% to $176.2 million, with net income plummeting to $14.6 million from $133.6 million YoY Statement of Operations Summary (in thousands, except per share data) | Metric | Three months ended Dec 31, 2022 | Three months ended Jan 1, 2022 | | :--- | :--- | :--- | | Net revenue | $176,233 | $460,888 | | Gross profit | $88,706 | $223,238 | | Income from operations | $11,822 | $151,110 | | Net income | $14,589 | $133,606 | | Diluted EPS | $0.25 | $2.11 | [Consolidated Condensed Statements of Cash Flows](index=8&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) Operating cash flow was $85.1 million, while significant cash was used for share repurchases and dividend payments Cash Flow Summary (in thousands) | Activity | Three months ended Dec 31, 2022 | Three months ended Jan 1, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $85,116 | $95,874 | | Net cash (used in)/provided by investing activities | ($38,914) | $7,289 | | Net cash used in financing activities | ($56,230) | ($24,077) | | **Change in cash and cash equivalents** | **($4,924)** | **$78,702** | [Notes to Consolidated Condensed Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) Notes detail a 66.9% decline in Capital Equipment revenue, an increased share repurchase program, and a higher effective tax rate - The semiconductor industry is highly volatile, and **downturns have previously adversely affected the Company's operating results**[25](index=25&type=chunk) - The annual goodwill impairment test in Q4 fiscal 2022 concluded that **no impairment charge was required**, and no triggering events were identified in the quarter ended Dec 31, 2022[39](index=39&type=chunk)[40](index=40&type=chunk) - The Board of Directors **increased the share repurchase authorization to $800 million**, with approximately **$203.8 million remaining available** as of Dec 31, 2022[75](index=75&type=chunk)[77](index=77&type=chunk) - The **effective tax rate for the quarter was 20.5%**, an increase from 11.8% in the prior year period, primarily due to the impact of mandatory capitalization of R&D expenditures[93](index=93&type=chunk) - For the quarter ended Dec 31, 2022, two customers, **STMicroelectronics N.V. (12.8%) and First Technology China Ltd. (11.2%)**, each represented more than 10% of total net revenue[106](index=106&type=chunk) Segment Net Revenue (in thousands) | Segment | Three months ended Dec 31, 2022 | Three months ended Jan 1, 2022 | | :--- | :--- | :--- | | Capital Equipment | $135,372 | $408,528 | | APS | $40,861 | $52,360 | | **Total** | **$176,233** | **$460,888** | Segment Income from Operations (in thousands) | Segment | Three months ended Dec 31, 2022 | Three months ended Jan 1, 2022 | | :--- | :--- | :--- | | Capital Equipment | $3,872 | $132,019 | | APS | $7,950 | $19,091 | | **Total** | **$11,822** | **$151,110** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management attributes the 61.8% revenue decline to lower volumes, though gross margin improved due to a favorable product mix [Overview](index=28&type=section&id=OVERVIEW) The company operates in a volatile semiconductor market with significant revenue concentration in the Asia/Pacific region - The company operates two reportable segments: **Capital Equipment and Aftermarket Products and Services (APS)**[115](index=115&type=chunk) - Shipments to customers headquartered in China accounted for **32.8% of net revenue** for the three months ended December 31, 2022, down from 61.8% in the prior year period[118](index=118&type=chunk) - The company's total cash, cash equivalents, and short-term investments were **$795.6 million** as of December 31, 2022, which management believes is sufficient for future investments[123](index=123&type=chunk) [Results of Operations](index=31&type=section&id=RESULTS%20OF%20OPERATIONS) Net revenue fell 61.8% YoY due to lower volumes, while gross margin improved to 50.3% and operating expenses rose 6.6% - The decrease in Capital Equipment revenue was due to **lower volume from reduced customer investments**, partially offset by favorable pricing from a better customer mix[133](index=133&type=chunk) - The decrease in APS revenue was due to **lower volume in spares, services, and bonding tools**, resulting from decreased customer utilization[134](index=134&type=chunk) Quarterly Results of Operations (in thousands) | Metric | Q1 FY2023 | Q1 FY2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $176,233 | $460,888 | $(284,655) | (61.8)% | | Gross profit | $88,706 | $223,238 | $(134,532) | (60.3)% | | Operating expenses | $76,884 | $72,128 | $4,756 | 6.6% | | Income from operations | $11,822 | $151,110 | $(139,288) | (92.2)% | Gross Profit Margin by Segment | Segment | Dec 31, 2022 | Jan 1, 2022 | Basis Point Change | | :--- | :--- | :--- | :--- | | Capital Equipment | 48.8% | 46.9% | 190 | | APS | 55.3% | 60.4% | (510) | | **Total** | **50.3%** | **48.4%** | **190** | [Liquidity and Capital Resources](index=33&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) The company maintains strong liquidity with $795.6 million in cash and investments, funding operations and capital returns - Net cash from operating activities was **$85.1 million**, driven by net income and a **$108.8 million decrease in accounts receivable**[147](index=147&type=chunk)[148](index=148&type=chunk) - Net cash used in financing activities totaled **$56.2 million**, consisting mainly of **$46.3 million for common stock repurchases** and **$9.7 million for dividend payments**[147](index=147&type=chunk)[150](index=150&type=chunk) - Projected capital expenditures for fiscal 2023 are between **$70.0 million and $74.0 million**[154](index=154&type=chunk) - During the quarter, the company repurchased approximately **1,054.3 thousand shares for $45.4 million**, with **$203.8 million remaining** under the repurchase program[159](index=159&type=chunk)[160](index=160&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=37&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company is primarily exposed to foreign currency and interest rate risks, managed through hedging instruments - A **10.0% fluctuation in foreign currency exchange rates** could impact financial results by **$4.0 million to $5.0 million**[170](index=170&type=chunk) - As of December 31, 2022, the company had outstanding foreign exchange forward contracts with a notional amount of **$47.4 million** to hedge against currency risks[171](index=171&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - The CEO and CFO concluded that as of December 31, 2022, the company's **disclosure controls and procedures were effective**[173](index=173&type=chunk) - **No changes in internal control over financial reporting** were identified during the quarter that would have a material effect[175](index=175&type=chunk) [PART II - OTHER INFORMATION](index=39&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=39&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is involved in routine litigation not expected to have a material adverse effect on its business - The company **does not expect any currently pending legal matters to have a material adverse effect** on its financial condition or operating results[177](index=177&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors have been reported since the company's last Annual Report on Form 10-K - **No material changes to risk factors** were reported since the last Annual Report on Form 10-K[178](index=178&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company repurchased 1.054 million shares for $45.4 million under its expanded $800 million buyback program Share Repurchases for the three months ended December 31, 2022 | Period | Total Shares Repurchased (thousands) | Average Price Paid Per Share | Approximate Dollar Value of Shares Remaining for Purchase ($ millions) | | :--- | :--- | :--- | :--- | | Oct 2 - Oct 29, 2022 | 450 | $39.94 | $231.2 | | Oct 30 - Dec 3, 2022 | 469 | $45.20 | $210.0 | | Dec 4 - Dec 31, 2022 | 135 | $45.89 | $203.8 | | **Total** | **1,054** | **-** | **$203.8** | [Exhibits](index=40&type=section&id=Item%206.%20EXHIBITS) This section lists all exhibits filed with the Form 10-Q, including required CEO and CFO certifications

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) 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 2, 2022 OR Pennsylvania 23-1498399 (State or other jurisdict ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Joseph Elgindy – Senior Director-Investor Relations Fusen Chen – President and Chief Executive Officer Lester Wong – Chief Financial Officer Conference Call Participants Craig Ellis – B. Riley Tom Diffley – D.A. Davidson Krish Sankar – Cowen and Company Christian Schwab – Craig-Hallum David Duley – Steelhead Operator Hello and welcome to the Kulicke and Second Quarter Results Confere ...

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 2, 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 jurisdic ...

Financial Data and Key Metrics Changes - The company achieved revenue of $460.9 million and a non-GAAP EPS of $2.19 for the quarter [16][23] - Gross margins were strong at 48.4%, benefiting from improvements in capital equipment and aftermarket products [22] - Non-GAAP operating expenses were $65.4 million, lower than expected due to delayed internal projects [23] Business Line Data and Key Metrics Changes - Capital equipment revenue was $408.6 million, with strong demand across all end markets [17] - General semiconductor revenue was over 50% higher than the same period last year, despite a sequential decline of 16% [17][18] - Advanced display revenue increased by 28%, representing 56% of total LED revenue, up from 40% in the previous quarter [18] - Automotive demand increased by 92% sequentially, driven by improvements in battery assembly and sensing solutions [19] Market Data and Key Metrics Changes - China accounted for approximately 70% of total revenue, with Taiwan being another strong market [40][98] - The company expects continued strong demand in the automotive sector, particularly in battery assembly and power distribution [19] Company Strategy and Development Direction - The company is focusing on expanding its market reach in advanced packaging, automotive, and advanced display sectors [6][21] - There is a strong emphasis on heterogeneous integration and Chiplet integration as long-term opportunities [8] - The company is actively engaging with multiple high-potential customers in the battery production market [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the semiconductor industry, anticipating above-average growth through fiscal 2023 [26] - The company is optimistic about overcoming current supply chain challenges and expects improvements in logistics and wafer production in the second half of the year [21][26] - The outlook for fiscal 2022 revenue is approximately $1.58 billion, with expectations for strong demand to continue [26][27] Other Important Information - The company increased its dividend by 21% for the January payout and plans to continue increasing it consistently [24] - Share repurchases in the December quarter were over four times higher than the previous quarter, indicating a strong commitment to returning value to shareholders [25] Q&A Session Summary Question: OpEx guidance for fiscal 2022 - Management indicated that non-GAAP OpEx is expected to remain around $75 million for the fiscal year, with Q1 being lower due to delayed R&D projects [33][34] Question: Revenue guidance and backlog - The revenue guidance of $1.58 billion is considered a base case, with potential upside depending on supply chain improvements [37][38] Question: Revenue split between China and non-China - China represents about 70% of revenue, with a significant portion coming from OSAT customers [40] Question: Supply constraints and wafer shortages - Management noted that while supply constraints are easing, the impact of wafer shortages is still a concern, with expectations for gradual improvement [46][70] Question: Battery business and competition - The company is developing new battery assembly systems and sees laser-based solutions as a competitive advantage, although reliability remains a concern [78] Question: Utilization rates and seasonality - Utilization rates are in the high 80s, with some seasonal dips expected around the Chinese New Year [65][69] Question: Future engagement with automotive OEMs - Some engagements with automotive OEMs are expected to yield results in fiscal 2022, while others may take longer to materialize [88]

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 ...