Core Insights - Kulicke and Soffa Industries, Inc. reported fourth quarter fiscal 2025 net revenue of $177.6 million, a decrease from $181.3 million in the same quarter of fiscal 2024, and net income of $6.4 million, down from $12.1 million year-over-year [1][9] - The company anticipates first quarter fiscal 2026 net revenue to be approximately $190 million, with GAAP diluted EPS expected around $0.18 and non-GAAP diluted EPS around $0.33 [2][17] Financial Highlights - **Fourth Quarter Fiscal 2025 Results**: - Net revenue: $177.6 million, down from $181.3 million in Q4 2024 [1] - GAAP diluted EPS: $0.12, compared to $0.22 in Q4 2024 [1] - Non-GAAP diluted EPS: $0.28, down from $0.34 in Q4 2024 [1] - **Fiscal Year 2025 Overview**: - Total net revenue for the fiscal year was $654.1 million, with a gross margin of 42.5% [9] - Net income for the fiscal year was $0.2 million, or $0.004 per fully diluted share [9] Operational Insights - The company is focusing on multiple technology engagements and is optimistic about improving end market dynamics and order activity [2] - Global operations and supply chain teams are preparing for increased customer demand in the upcoming quarters [2] Cash Flow and Share Repurchase - GAAP cash flow from operations for Q4 2025 was $7.4 million, with adjusted free cash flow of $4.4 million [9] - The company repurchased 0.5 million shares of common stock at a cost of $16.7 million during the quarter [9] Future Outlook - The company expects first quarter fiscal 2026 net revenue to be approximately $190 million, with a variance of +/- $10 million [2][17] - GAAP diluted EPS is projected to be around $0.18, while non-GAAP diluted EPS is expected to be approximately $0.33 [2][17]

Q3F25 Financial Performance - Revenue for Q3F25 was $148.4 million, a decrease of 8.4% quarter-over-quarter [9, 16] - Net loss for Q3F25 was $(3.3) million, while non-GAAP net income was $3.8 million [9] - EPS was $(0.06), and non-GAAP EPS was $0.07 [9] - Gross margin was 46.7%, an increase of 2180 bps quarter-over-quarter [18] - Operating expenses were $75.3 million, a decrease of $(49.7) million quarter-over-quarter [18] Outlook for Q4F25 - The company anticipates revenue of $170 million, with a potential variance of +/- $10 million [21] - The company expects operating expenses of $68.0 million, with a potential variance of +/- 2% [21] - The company projects diluted EPS of $0.22, with a potential variance of +/- 10% [21] Strategic Focus and Market Dynamics - The company is internally focused on efficiency, customer engagement, and new product execution [11] - Macro order hesitation, primarily affecting Auto/Industrial demand, contributed to the sequential revenue change [11] - Technology and capacity-related order activity are driving General Semi & Memory recovery [11] - Vertical Wire is positioned well for mobile-HBM, and new Wedge solutions are enabling more capable & efficient Power-Semi [11]