Kulicke & Soffa Reports Third Quarter 2025 Results
Kulicke & Soffa (NASDAQ: KLIC) reported its Q3 2025 financial results, showing significant headwinds. The company posted revenue of $148.4 million, down 18.3% year-over-year, and a net loss of $3.3 million ($(0.06) per share). On a non-GAAP basis, net income was $3.8 million ($0.07 per share).
The company maintained strong liquidity with $556.5 million in cash and investments. During Q3, KLIC repurchased $21.6 million worth of shares and generated $7.4 million in operating cash flow. For Q4 2025, management expects revenue of approximately $170 million ±$10 million and non-GAAP EPS of $0.22 ±10%.
The company continues to focus on technology transitions and expanding its portfolio across semiconductor, memory, automotive, and industrial markets.Kulicke & Soffa (NASDAQ: KLIC) ha comunicato i risultati finanziari del terzo trimestre 2025, evidenziando notevoli difficoltà. L'azienda ha registrato un fatturato di 148,4 milioni di dollari, in calo del 18,3% rispetto all'anno precedente, e una perdita netta di 3,3 milioni di dollari (pari a $(0,06) per azione). Su base non-GAAP, l'utile netto è stato di 3,8 milioni di dollari (0,07 dollari per azione).
L'azienda ha mantenuto una solida liquidità con 556,5 milioni di dollari in contanti e investimenti. Nel terzo trimestre, KLIC ha riacquistato azioni per un valore di 21,6 milioni di dollari e ha generato un flusso di cassa operativo di 7,4 milioni di dollari. Per il quarto trimestre 2025, la direzione prevede un fatturato di circa 170 milioni di dollari ±10 milioni e un utile per azione non-GAAP di 0,22 dollari ±10%.
L'azienda continua a concentrarsi sulle transizioni tecnologiche e sull'espansione del proprio portafoglio nei mercati dei semiconduttori, della memoria, dell'automotive e dell'industria.
Kulicke & Soffa (NASDAQ: KLIC) informó sus resultados financieros del tercer trimestre de 2025, mostrando importantes desafíos. La compañía reportó ingresos de 148,4 millones de dólares, una disminución del 18,3% interanual, y una pérdida neta de 3,3 millones de dólares ($(0,06) por acción). En base no-GAAP, la utilidad neta fue de 3,8 millones de dólares (0,07 dólares por acción).
La empresa mantuvo una fuerte liquidez con 556,5 millones de dólares en efectivo e inversiones. Durante el tercer trimestre, KLIC recompró acciones por un valor de 21,6 millones de dólares y generó 7,4 millones de dólares en flujo de caja operativo. Para el cuarto trimestre de 2025, la gerencia espera ingresos de aproximadamente 170 millones de dólares ±10 millones y un EPS no-GAAP de 0,22 dólares ±10%.
La compañía continúa enfocándose en las transiciones tecnológicas y en expandir su portafolio en los mercados de semiconductores, memoria, automotriz e industrial.
Kulicke & Soffa (NASDAQ: KLIC)� 2025� 3분기 재무 실적� 발표하며 상당� 역풍� 겪었다고 밝혔습니�. 사� 매출 1� 4,840� 달러� 기록했으�, 이는 전년 대� 18.3% 감소� 수치입니�. 또한 순손� 330� 달러($(0.06) 주당 손실)� 보고했습니다. �-GAAP 기준으로� 순이익이 380� 달러(주당 0.07달러)였습니�.
사� 5� 5,650� 달러� 현금 � 투자 자산으로 강력� 유동성을 유지했습니다. 3분기 동안 KLIC� 2,160� 달러 상당� 자사주를 매입했고, 영업 현금 흐름은 740� 달러� 창출했습니다. 2025� 4분기에는 매출 � 1� 7,000� 달러 ±1,000� 달러와 �-GAAP 주당순이� 0.22달러 ±10%� 예상하고 있습니다.
사� 반도�, 메모�, 자동� � 산업 시장 전반� 걸쳐 기술 전환� 포트폴리� 확장� 계속 집중하고 있습니다.
Kulicke & Soffa (NASDAQ : KLIC) a publié ses résultats financiers du troisième trimestre 2025, révélant des vents contraires importants. La société a enregistré un chiffre d'affaires de 148,4 millions de dollars, en baisse de 18,3 % en glissement annuel, ainsi qu'une perte nette de 3,3 millions de dollars (soit $(0,06) par action). Sur une base non-GAAP, le bénéfice net s'est élevé à 3,8 millions de dollars (0,07 dollar par action).
L'entreprise a maintenu une forte liquidité avec 556,5 millions de dollars en liquidités et investissements. Au cours du troisième trimestre, KLIC a racheté pour 21,6 millions de dollars d'actions et généré 7,4 millions de dollars de flux de trésorerie opérationnel. Pour le quatrième trimestre 2025, la direction prévoit un chiffre d'affaires d'environ 170 millions de dollars ±10 millions et un BPA non-GAAP de 0,22 dollar ±10 %.
La société continue de se concentrer sur les transitions technologiques et l'expansion de son portefeuille dans les marchés des semi-conducteurs, de la mémoire, de l'automobile et de l'industrie.
Kulicke & Soffa (NASDAQ: KLIC) veröffentlichte seine Finanzergebnisse für das dritte Quartal 2025 und zeigte dabei erhebliche Gegenwinde. Das Unternehmen erzielte einen Umsatz von 148,4 Millionen US-Dollar, was einem Rückgang von 18,3 % im Jahresvergleich entspricht, sowie einen Nettoverlust von 3,3 Millionen US-Dollar ($(0,06) pro Aktie). Auf Non-GAAP-Basis betrug der Nettogewinn 3,8 Millionen US-Dollar (0,07 US-Dollar pro Aktie).
Das Unternehmen hielt eine starke Liquidität mit 556,5 Millionen US-Dollar in Barmitteln und Investitionen. Im dritten Quartal kaufte KLIC Aktien im Wert von 21,6 Millionen US-Dollar zurück und generierte einen operativen Cashflow von 7,4 Millionen US-Dollar. Für das vierte Quartal 2025 erwartet das Management einen Umsatz von etwa 170 Millionen US-Dollar ±10 Millionen und ein Non-GAAP-Ergebnis je Aktie von 0,22 US-Dollar ±10 %.
Das Unternehmen konzentriert sich weiterhin auf Technologiewechsel und die Erweiterung seines Portfolios in den Bereichen Halbleiter, Speicher, Automobil und Industrie.
- Strong cash position of $556.5 million in cash and investments
- Gross margin improved 2180 bps sequentially to 46.7%
- Generated positive operating cash flow of $7.4 million
- Q4 guidance indicates sequential revenue growth to $170M ±$10M
- Revenue declined 18.3% year-over-year to $148.4 million
- Reported net loss of $3.3 million, compared to $12.3 million profit last year
- Operating loss of $6.1 million, down 173.6% year-over-year
- Share repurchases of $21.6 million depleting cash reserves during challenging period
Insights
KLIC reported declining revenue and a net loss, but shows quarter-over-quarter margin improvements and modest Q4 outlook improvement.
Kulicke & Soffa's Q3 2025 results reflect ongoing challenges in the semiconductor equipment sector with revenue dropping 18.3% year-over-year to
Despite the top-line weakness, there are several positive signals beneath the surface. The gross margin held steady at
The company maintained a strong balance sheet with
The Q4 guidance signals modest improvement, with revenue projected at
CEO Fusen Chen's commentary about "recent order momentum within highest-volume regions" provides additional evidence that the business may be approaching an inflection point. The continued execution on technology transitions across multiple markets (general semiconductor, memory, automotive, industrial) indicates KLIC is maintaining its innovation trajectory despite the challenging operating environment.
The company's results reflect the broader semiconductor equipment industry's cyclical nature, but the sequential improvements and forward guidance suggest early signs of recovery after several challenging quarters.
Quarterly Results - | |||
Fiscal Q3 2025 | Change vs. Fiscal Q3 2024 | Change vs. Fiscal Q2 2025 | |
Net Revenue | down | down | |
Gross Margin | 46.7% | up 10 bps | up 2180 bps |
Loss from Operations | down | up | |
Operating Margin | (4.1)% | down 870 bps | up 4820 bps |
Net Loss | down | up | |
Net Margin | (2.2)% | down 900 bps | up 5000 bps |
EPS � Diluted | down | up | |
Quarterly Results - Non-GAAP | |||
Fiscal Q3 2025 | Change vs. Fiscal Q3 2024 | Change vs. Fiscal Q2 2025 | |
Income from Operations | down | up | |
Operating Margin | 1.1% | down 760 bps | up 1800 bps |
Net Income | down | up | |
Net Margin | 2.5% | down 810 bps | up 1970 bps |
EPS � Diluted | down | up |
A reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the "Use of non-GAAP Financial Results" section of this press release.
Fusen Chen, Kulicke & Soffa's President and Chief Executive Officer, stated, "We continue to execute on multiple technology transitions supported by parallel customer engagements. As we expand our portfolio, we are unlocking new opportunities across general semiconductor, memory, automotive, and industrial markets. Additionally, we are encouraged by positive market feedback of our latest solutions and also by recent order momentum within our highest-volume regions."
Third Quarter Fiscal 2025 Financial Highlights
- Net revenue of
.$148.4 million - Gross margin of
46.7% . - Net loss of
or$3.3 million per share; non-GAAP net income of$(0.06) or$3.8 million per fully diluted share.$0.07 - GAAP cash flow from operations of
; Adjusted free cash flow of$7.4 million .$5.4 million - Cash, cash equivalents, and short-term investments were
as of June 28, 2025.$556.5 million - The Company repurchased a total of
shares of common stock at a cost of$0.7 million .$21.6 million
Fourth Quarter Fiscal 2025 Outlook
K&S currently expects net revenue in the fourth quarter of fiscal 2025 ending October 4, 2025 to be approximately
A reconciliation between the GAAP and non-GAAP financial outlook is provided in the financial tables included at the end of this press release.
Earnings Conference Webcast
A webcast to discuss these results will be held on August 6, 2025, beginning at4:30 pm ET. The live webcast link, supplemental earnings presentation, and archived webcast will be available at. To access the audio-only portion of the live webcast, parties may call +1-877-407-8037, or internationally, +1-201-689-8037.
An audio-only replay of the webcast will also be available approximately one hour after the completion of the live call by calling +1-877-660-6853, or internationally, +1-201-612-7415 and referencing access code 13750875.
Use of Non-GAAP Financial Results
In addition to
Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on the Company's reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure discussed in this press release is contained in the financial tables at the end of this press release.
About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges � creating and delivering long-term value by aligning technology with opportunity.
Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business
In addition to historical statements, this press release contains statements relating to future events and our future results. 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, including the importance and competitiveness of our advanced display products and other emerging technology transitions, 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, failures, delays or other problems arising from the negotiations with the applicable works council or trade unions; failures, delays or other problems arising from regulatory or judicial review of the activities concerning the Company's intended cessation of its Electronics Assembly equipment business, the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new products, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended September 28, 2024, filed on November 14, 2024, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Kulicke and Soffa Industries, Inc.
Joseph Elgindy
Finance
P: +1-215-784-7518
KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (In thousands, except per share and employee data) (Unaudited) | |||||||
Three months ended | Nine months ended | ||||||
June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | ||||
Net revenue | $ 148,413 | $ 181,650 | $ 476,523 | $ 524,913 | |||
Cost of sales | 79,170 | 96,920 | 279,812 | 343,816 | |||
Gross profit | 69,243 | 84,730 | 196,711 | 181,097 | |||
Selling, general and administrative | 39,596 | 38,516 | 126,224 | 119,359 | |||
Research and development | 35,741 | 37,937 | 110,769 | 112,451 | |||
Gain relating to cessation of business | � | � | (75,987) | � | |||
Impairment charges | � | � | 39,817 | 44,472 | |||
Operating expenses | 75,337 | 76,453 | 200,823 | 276,282 | |||
(Loss) / Income from operations | (6,094) | 8,277 | (4,112) | (95,185) | |||
Interest income | 6,008 | 8,060 | 17,982 | 26,807 | |||
Interest expense | (32) | (20) | (95) | (60) | |||
(Loss) / Income before income taxes | (118) | 16,317 | 13,775 | (68,438) | |||
Provision for income taxes | 3,171 | 4,053 | 19,941 | 12,685 | |||
Net (loss) / income | $ (3,289) | $ 12,264 | $ (6,166) | $ (81,123) | |||
Net (loss) / income per share: | |||||||
Basic | $ (0.06) | $ 0.22 | $ (0.12) | $ (1.45) | |||
Diluted | $ (0.06) | $ 0.22 | $ (0.12) | $ (1.45) | |||
Cash dividends declared per share | $ 0.205 | $ 0.20 | $ 0.615 | $ 0.60 | |||
Weighted average shares outstanding: | |||||||
Basic | 52,692 | 55,280 | 53,265 | 56,028 | |||
Diluted | 52,692 | 55,724 | 53,265 | 56,028 | |||
Three months ended | Nine months ended | ||||||
Supplemental financial data: | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |||
Depreciation and amortization | $ 3,917 | $ 4,944 | $ 13,941 | $ 19,896 | |||
Capital expenditures | 2,733 | 3,266 | $ 7,560 | $ 10,645 | |||
Equity-based compensation expense: | |||||||
Cost of sales | 376 | 315 | 1,146 | 1,037 | |||
Selling, general and administrative | 4,527 | 4,300 | 13,186 | 14,083 | |||
Research and development | 2,189 | 1,748 | 6,394 | 5,332 | |||
Total equity-based compensation | $ 7,092 | $ 6,363 | $ 20,726 | $ 20,452 | |||
As of | |||||||
June 28, 2025 | June 29, 2024 | ||||||
Number of employees | 2,625 | 2,790 |
KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (In thousands) (Unaudited) | |||
As of | |||
June 28, 2025 | September 28, 2024 | ||
ASSETS | |||
Current assets | |||
Cash and cash equivalents | $ 246,481 | $ 227,147 | |
Short-term investments | 310,000 | 350,000 | |
Accounts and other receivable, net of allowance for doubtful | 173,839 | 193,909 | |
Inventories, net | 158,330 | 177,736 | |
Prepaid expenses and other current assets | 41,551 | 46,161 | |
Total current assets | 930,201 | 994,953 | |
Property, plant and equipment, net | 59,534 | 64,823 | |
Operating right-of-use assets | 29,266 | 35,923 | |
Goodwill | 69,522 | 89,748 | |
Intangible assets, net | 5,908 | 25,239 | |
Deferred tax assets | 17,827 | 17,900 | |
Equity investments | 6,107 | 3,143 | |
Other assets | 6,531 | 8,433 | |
TOTAL ASSETS | $ 1,124,896 | $ 1,240,162 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||
Current liabilities | |||
Accounts payable | $ 52,735 | $ 58,847 | |
Operating lease liabilities | 6,566 | 7,718 | |
Accrued expenses and other current liabilities | 98,928 | 90,802 | |
Income taxes payable | 30,235 | 26,427 | |
Total current liabilities | 188,464 | 183,794 | |
Deferred tax liabilities | 35,812 | 34,594 | |
Income taxes payable | 20,042 | 31,352 | |
Operating lease liabilities | 29,783 | 33,245 | |
Other liabilities | 13,269 | 13,168 | |
TOTAL LIABILITIES | $ 287,370 | $ 296,153 | |
SHAREHOLDERS' EQUITY | |||
Preferred stock, without par value: Authorized 5,000 shares; issued - | $ � | $ � | |
Common stock, without par value: Authorized 200,000 shares; | 612,332 | 596,703 | |
Treasury stock, at cost, 32,990 and 31,510 shares, respectively | (957,392) | (881,830) | |
Retained earnings | 1,203,768 | 1,242,558 | |
Accumulated other comprehensive loss | (21,182) | (13,422) | |
TOTAL SHAREHOLDERS' EQUITY | $ 837,526 | $ 944,009 | |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,124,896 | $ 1,240,162 |
KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) | |||||||
Three months ended | Nine months ended | ||||||
(in thousands) | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |||
Net cash provided by / (used in) | $ 7,380 | $ 26,897 | $ 106,159 | $ (582) | |||
Net cash provided by / (used in) | (17,463) | 36,594 | 26,161 | (20,518) | |||
Net cash used in financing | (32,606) | (55,933) | (114,564) | (141,729) | |||
Effect of exchange rate changes | 2,651 | (389) | 1,578 | 344 | |||
Changes in cash and cash | (40,038) | 7,169 | 19,334 | (162,485) | |||
Cash and cash equivalents, | 286,519 | 359,748 | 227,147 | 529,402 | |||
Cash and cash equivalents, end | $ 246,481 | $ 366,917 | $ 246,481 | $ 366,917 | |||
Short-term investments | 310,000 | 235,000 | 310,000 | 235,000 | |||
Total cash, cash equivalents and | $ 556,481 | $ 601,917 | $ 556,481 | $ 601,917 |
Reconciliation of to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited) | ||||||
Three months ended | ||||||
June 28, 2025 | June 29, 2024 | March 29, 2025 | ||||
Net revenue | $ 148,413 | $ 181,650 | $ 161,986 | |||
(6,094) | 8,277 | (84,667) | ||||
(4.1)% | 4.6% | (52.3)% | ||||
Pre-tax non-GAAP items: | ||||||
Amortization related to intangible assets | 308 | 1,250 | 1,171 | |||
Restructuring | 287 | � | 8,806 | |||
Equity-based compensation | 7,092 | 6,363 | 7,493 | |||
Impairment charges | � | � | 39,817 | |||
Non-GAAP income / (loss) from operations | $ 1,593 | $ 15,890 | $ (27,380) | |||
Non-GAAP operating margin | 1.1% | 8.7% | (16.9)% |
Reconciliation of (In thousands, except percentages and per share data) (Unaudited) | |||||||
Three months ended | |||||||
June 28, 2025 | June 29, 2024 | March 29, 2025 | |||||
Net revenue | $ 148,413 | $ 181,650 | $ 161,986 | ||||
(3,289) | 12,264 | (84,519) | |||||
(2.2)% | 6.8% | (52.2)% | |||||
Non-GAAP adjustments: | |||||||
Amortization related to intangible assets | 308 | 1,250 | 1,171 | ||||
Restructuring | 287 | � | 8,806 | ||||
Equity-based compensation | 7,092 | 6,363 | 7,493 | ||||
Impairment charges | � | � | 39,817 | ||||
Net income tax benefit on non-GAAP items | (626) | (568) | (639) | ||||
Total non-GAAP adjustments | $ 7,061 | $ 7,045 | $ 56,648 | ||||
Non-GAAP net income / (loss) | $ 3,772 | $ 19,309 | $ (27,871) | ||||
Non-GAAP net margin | 2.5% | 10.6% | (17.2)% | ||||
Basic | $ (0.06) | $ 0.22 | $ (1.59) | ||||
Diluted(a) | $ (0.06) | $ 0.22 | $ (1.59) | ||||
Non-GAAP adjustments per share:(b) | |||||||
Basic | $ 0.13 | $ 0.13 | $ 1.07 | ||||
Diluted | $ 0.13 | $ 0.13 | $ 1.07 | ||||
Non-GAAP net income / (loss) per share: | |||||||
Basic | $ 0.07 | $ 0.35 | $ (0.52) | ||||
Diluted(c) | $ 0.07 | $ 0.35 | $ (0.52) | ||||
Weighted average shares outstanding: | |||||||
Basic | 52,692 | 55,280 | 53,311 | ||||
Diluted | 52,866 | 55,724 | 53,311 |
(a) | GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive. |
(b) | Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, gain relating to disposal or cessation of business, and income tax effects associated with the foregoing non-GAAP items. |
(c) | Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive. |
Reconciliation of to Non-GAAP Adjusted Free Cash Flow (In thousands, except percentages) (unaudited) | |||||||
Three months ended | |||||||
June 28, 2025 | June 29, 2024 | March 29, 2025 | |||||
| $ 7,380 | $ 26,897 | $ 79,877 | ||||
Purchases of property, plant and equipment | (2,090) | (2,683) | (1,954) | ||||
Proceeds from sales of property, plant and | 147 | � | 60 | ||||
Non-GAAP adjusted free cash flow | $ 5,437 | $ 24,214 | $ 77,983 |
Reconciliation of (In millions, except per share data) (Unaudited) | ||||||
Fourth quarter of fiscal 2025 ending October 4, 2025 | ||||||
GAAP Outlook | Adjustments | Non-GAAP Outlook | ||||
Net revenue | +/- | � | +/- | |||
Operating expenses | +/- | +/- | ||||
Diluted EPS(1) | +/- | +/- | ||||
Non-GAAP Adjustments | ||||||
A. Equity-based compensation - Cost of sales | 0.4 | |||||
B. Equity-based compensation - Selling, general and administrative and Research and | 7.2 | |||||
C. Amortization related to intangible assets | 0.3 | |||||
D. Net income tax effect of the above items | (0.6) |
(1) GAAP and non-GAAP diluted EPS based on approximately 52.0 million diluted weighted average shares outstanding. |
The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.
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