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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q3 2021 Earnings Conference Call August 5, 2021 8:00 AM ET Company Participants Joseph Elgindy – Senior Director of Investor Relations Fusen Chen – President and Chief Executive Officer Lester Wong – Chief Financial Officer Conference Call Participants Craig Ellis – B. Riley Tom Diffely – D.A. Davidson Krish Sankar – Cowen and Company David Duley – Steelhead Securities Charles Shi – Needham & Company Eric Gregg – FTIA Operator Greetings and welcome to the Kul ...

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 ...

Revenue and Profitability - For the three months ended January 2, 2021, net revenue increased to $267.9 million, an 85.6% increase from $144.3 million for the same period in 2019[160] - Capital Equipment segment revenue was $223.1 million, representing 83.3% of total net revenue, an increase of 118.0% from $102.3 million in the prior year[161] - Aftermarket Products and Services (APS) segment revenue was $44.8 million, accounting for 16.7% of total net revenue, a 6.7% increase from $42.0 million in the prior year[161] - Gross profit for the three months ended January 2, 2021, was $121.5 million, a 72.7% increase from $70.4 million in the prior year[160] - The total gross profit margin decreased to 45.4% from 48.8% in the prior year, primarily due to a less favorable product mix in the Capital Equipment segment[165] - For the three months ended January 2, 2021, total income from operations increased to $54,042,000, a 302.9% increase from $40,628,000 in the prior year[168] - Capital Equipment segment income from operations rose to $44,895,000, reflecting a significant increase of 1,557.9% compared to $2,708,000 in the prior year[168] Cash and Investments - As of January 2, 2021, total cash, cash equivalents, and short-term investments were $576.7 million, a $46.5 million increase from the prior fiscal year end[152] - As of January 2, 2021, total cash, cash equivalents, and short-term investments amounted to $576,670,000, an increase of $46,543,000 from $530,127,000[179] - Net cash provided by operating activities was $58,635,000, significantly up from $25,028,000 in the prior year[180] Operating Expenses and Taxes - Operating expenses totaled $67,444,000, an increase of 18.4% from $56,950,000 in the prior year, driven by higher selling, general, and administrative expenses[171] - Interest income decreased to $651,000, down 77.1% from $2,839,000 in the prior year, primarily due to lower interest rates on cash and investments[175] - The provision for income taxes was $6,298,000, with an effective tax rate of 11.5%, down from 13.6% in the prior year[178] Shareholder Returns and Capital Expenditures - Dividends paid during the three months totaled $7,400,000, with a declared quarterly dividend of $0.14 per share[193] - The company expects fiscal 2021 capital expenditures to be between $32,000,000 and $36,000,000, with $3,700,000 incurred in the first quarter[187] - During the three months ended January 2, 2021, the company repurchased approximately 48,000 shares at a cost of $1,200,000, with remaining authorization of $140,900,000[192] Obligations and Credit Facilities - As of January 2, 2021, the total contractual obligations amounted to $434.9 million, with $372.5 million due within one year[197] - The company has a credit facility with Citibank of $5.0 million, with an outstanding amount of $3.5 million as of January 2, 2021[198] - The company has an overdraft line of credit facility of up to $150.0 million, with no outstanding amounts as of January 2, 2021[199] Foreign Exchange and Risk Management - A 10.0% fluctuation in foreign currency exchange rates could impact the financial position by $2.0 to $3.0 million[204] - The company has foreign exchange forward contracts with a notional amount of $30.1 million outstanding as of January 2, 2021[205] Management and Internal Controls - The company’s management evaluated the effectiveness of disclosure controls and procedures, concluding they were effective as of January 2, 2021[207] - No changes were identified during the three months ended January 2, 2021, that materially affected internal control over financial reporting[209] Legal Matters - The company is involved in ordinary litigation but does not expect any currently pending matters to materially affect its financial condition or operating results[211] Market Demand and Growth Outlook - Demand for products was consistent with or exceeded expectations for the first quarter of fiscal 2021, despite challenges in the supply chain[155] - The company anticipates long-term growth in semiconductor consumption, although short-term volatility may persist due to macroeconomic factors[147]

NASDAQ: KLIC A World of Opportunity Corporate Overview February 2021 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 February 3, 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 our judgments and future expectations concerning our business, a number ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2021 Results Earnings Conference Call February 4, 2021 8:30 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations and Strategic Planning Fusen Chen - President and Chief Executive Officer Lester Wong - Senior Vice President & Chief Financial Officer Conference Call Participants Tom Diffely - D.A. Davidson Krish Sankar - Cowen & Company Craig Ellis - B. Riley David Duley - Steelhead Securities Christian Schwab - Craig-Hallum Capital G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 3, 2020 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 jurisdiction of ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2020 Earnings Conference Call November 19, 2020 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations and Strategic Planning Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Tom Diffely - D.A. Davidson Krish Sankar - Cowen & Company David Duley - Steelhead Securities Christian Schwab - Craig-Hallum Capital Group Operator Greetings and wel ...