Kulicke & Soffa(KLIC) - 2025 Q4 - Annual Results

Financial Performance - Fourth quarter net revenue was $177.6 million, a decrease of 2.1% from $181.3 million in Q4 2024[2][3]. - GAAP net income for the fourth quarter was $6.4 million, resulting in an EPS of $0.12, compared to $12.1 million and $0.22 EPS in Q4 2024[2][3][6]. - Non-GAAP net income for Q4 was $14.9 million, with a non-GAAP EPS of $0.28, down from $0.34 in the same quarter last year[2][3][6]. - Net revenue for the three months ended October 4, 2025, was $177.6 million, a decrease from $181.3 million in the previous quarter[22]. - U.S. GAAP net income for the twelve months ended October 4, 2025, was $213, compared to a net loss of $3.3 million for the three months ended September 28, 2024[23]. - Non-GAAP net income for the twelve months ended October 4, 2025, was $10.99 million, with a non-GAAP net margin of 1.7%[23]. Cash and Investments - Cash, cash equivalents, and short-term investments totaled $510.7 million as of October 4, 2025[6]. - Cash and cash equivalents at the end of the period were $215.7 million, down from $366.9 million at the beginning of the period[20]. - Total cash, cash equivalents, and short-term investments at the end of the period were $510.7 million[20]. Future Projections - The company expects first quarter fiscal 2026 net revenue to be approximately $190 million, with GAAP diluted EPS around $0.18[7]. - The company expects net revenue for the first quarter of fiscal 2026 to be approximately $190 million, with a potential variance of +/- $10 million[28]. - Operating expenses for the first quarter of fiscal 2026 are projected to be $79.8 million, with adjustments leading to a non-GAAP outlook of $71.0 million[28]. - The diluted EPS for the first quarter of fiscal 2026 is expected to be $0.18 under GAAP and $0.33 under non-GAAP[28]. Shareholder Actions - The company repurchased 0.5 million shares of common stock at a cost of $16.7 million during the fourth quarter[6]. Assets and Liabilities - Total assets decreased to $1.1 billion from $1.24 billion as of September 28, 2024[18]. - Total liabilities were $282.9 million, down from $296.2 million in the previous year[18]. Margins and Cash Flow - Gross margin for Q4 was 45.7%, compared to 42.5% for the full fiscal year 2025[6][3]. - The company reported adjusted free cash flow of $4.4 million for the fourth quarter[6]. - Non-GAAP adjusted free cash flow for the twelve months ended October 4, 2025, was $96.6 million[26]. - The company reported a U.S. GAAP operating margin of 0.5% for the three months ended October 4, 2025[22].