UNITED STATES 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 March 30, 2024 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) SECURITIES AND EXCHANGE COMMISSION Pennsylvania 23-1498399 (State or other jurisdi ...

Kulicke and Soffa (KLIC) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -495.83%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.Over the last four quarters, ...

Exhibit 99.1 Kulicke & Soffa Pte. Ltd. 23A Serangoon North Ave 5 Singapore 554369 +65 6880-9600 main Co. Regn. No. 199902120H Kulicke and Soffa Industries, Inc. 1005 Virginia Drive Fort Washington, PA 19034 USA +1-215-784-6000 main www.kns.com Kulicke & Soffa Reports Second Quarter 2024 Results Focuses on Operational Efficiency; Increases Repurchase Activity Singapore – May 1, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financ ...

SINGAPORE, April 18, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced that a conference call is scheduled to discuss the Company's second fiscal quarter 2024 financial results and its business outlook, on Thursday, May 2, 2024, at 8:00 am EDT. The Company will issue its second fiscal quarter 2024 financial results in the even ...

Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2024 Earnings Call Transcript February 1, 2024 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President, Chief Executive Officer Lester Wong - Executive Vice President, Finance, Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen David Duley - Steelhead Securities Charles Shi - Needham & Company Craig Ellis - B. Riley Securities Operator Greetings and welcome to the Kulicke & Soffa 2 ...

Financial Performance - Net revenue for the three months ended December 30, 2023, was $171,189 thousand, a decrease of $5,044 thousand or 2.9% compared to $176,233 thousand for the same period in 2022[149]. - Ball Bonding Equipment net revenue increased to $86,270 thousand, representing 50.4% of total net revenue, a significant increase of $32,621 thousand or 60.8% from $53,649 thousand in the prior year[151]. - Wedge Bonding Equipment net revenue decreased to $23,459 thousand, a decline of $31,197 thousand or 57.1% compared to $54,656 thousand in the previous year[151]. - Gross profit margin for the total decreased to 46.7% from 50.3%, a decline of 360 basis points year-over-year[156]. - Operating expenses increased to $78,203 thousand, up $1,319 thousand or 1.7% from $76,884 thousand in the prior year[161]. - Income from operations fell to $1,693 thousand, a decrease of $10,129 thousand or 85.7% compared to $11,822 thousand in the same period last year[164]. - Interest income increased to $9,899 thousand, up $3,340 thousand or 50.9% from $6,559 thousand in the prior year[168]. Cash and Investments - As of December 30, 2023, the total cash, cash equivalents, and short-term investments were $709.7 million, a decrease of $49.7 million from the prior fiscal year end[135]. - Cash and cash equivalents decreased to $424,660 thousand from $529,402 thousand, a decline of $104,742 thousand[171]. - Net cash used in operating activities was $(7,331) thousand, a significant decrease from $85,116 thousand in the prior year[172]. - Net cash used in investing activities was $(60,541) thousand, compared to $(38,914) thousand in the same period last year[172]. - The company expects fiscal 2024 capital expenditures to be between $23.0 million and $27.0 million, with $3.5 million incurred in the first quarter[179]. - As of December 30, 2023, the company held approximately $558.7 million in cash, cash equivalents, and short-term investments in foreign subsidiaries, with a significant portion available for use in the U.S.[180]. - The company anticipates funding operations and capital requirements primarily through cash on hand and cash generated from operating activities, which are deemed sufficient for the foreseeable future[181]. Market and Industry Conditions - Approximately 89.9% of net revenue for the three months ended December 30, 2023, was from shipments to customer locations outside of the U.S., primarily in the Asia/Pacific region[131]. - Shipments to customers headquartered in China accounted for approximately 46.2% of net revenue for the three months ended December 30, 2023[131]. - The semiconductor industry is experiencing significant inventory buildup due to declining consumer sentiment and inventory adjustments, leading to reduced order rates[144]. - The ongoing geopolitical tensions, including the Israel-Hamas war and the Ukraine/Russia conflict, have not materially impacted the company's financial condition in fiscal 2024 to date[146]. - The company anticipates that the semiconductor industry's long-term growth projections will normalize despite current short-term volatility[145]. - The semiconductor business environment remains highly volatile, influenced by both cyclical and seasonal dynamics as well as macroeconomic factors[128]. Operational Strategy - The APS reportable segment has historically been less volatile and is more directly tied to semiconductor unit consumption rather than production capability improvements[130]. - The company continues to focus on operational excellence and expanding product offerings through research and development and acquisitions[134]. - The company has maintained a strong balance sheet to mitigate potential adverse cyclical and macroeconomic effects on its financial position[135]. Shareholder Returns - The company repurchased approximately 555.6 thousand shares of common stock for about $26.8 million during the three months ended December 30, 2023[185]. - A quarterly dividend of $0.20 per share was declared on November 15, 2023, with total dividends paid during the three months amounting to $10.7 million[187]. Tax and Foreign Exchange - As of December 30, 2023, the company had deferred tax liabilities of $37.2 million and unrecognized tax benefits of $18.1 million related to uncertain tax positions[189]. - The company has foreign exchange forward contracts with a notional amount of $42.7 million outstanding as of December 30, 2023, to hedge against foreign currency risks[198].

Kulicke & Soffa Industries (NASDAQ:KLIC) Q4 2023 Earnings Conference Call November 16, 2023 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President, Chief Executive Officer Lester Wong - Executive Vice President, Finance, Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen David Duley - Steelhead Securities Tom Diffely - D.A. Davidson & Co. Operator Greetings and welcome to the Kulicke & Soffa Fourth Quarter 2023 Results Conferenc ...

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 September 30, 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. 000-00121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or oth ...

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 ...