NASDAQ$KLIC

Kulicke and Soffa Industries Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong financial performance, accelerated share repurchase activity, and provided revenue outlook for fiscal year 2022.

Kulicke & Soffa reported a strong first quarter in fiscal year 2022, with net revenue of $460.9 million, net income of $133.6 million, and non-GAAP net income of $138.8 million.

  • Net revenue of $460.9 million.
  • Gross margin of 48.4%.
  • Net income of $133.6 million or $2.11 per share; non-GAAP net income of $138.8 million or $2.19 per share.
  • Cash, cash equivalents, and short-term investments were $808.5 million as of January 1, 2022.

Headline financials

Total Revenue

$461M

Previous: $268M+72.1%
EPS (adj)

$2.19

Previous: $0.86+154.7%
Capital Expenditures

-$2.71M

Previous: -$4.9M+44.6%
Free Cash Flow

$131M

Previous: $43.5M+201.1%
Net Income

$134M

Previous: $48.4M+176.3%
Operating Income

$151M

Previous: $54M+179.6%
Gross Profit

$223M

Previous: $121M+83.8%
Cash & Equivalents

$441M

Previous: $240M+84.2%
Total Assets

$1.7B

Previous: $1.15B+48.6%

Revenue & EPS history

Kulicke and Soffa · Revenue · Quarterly

$461M

Q1 2022+72.1%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company currently expects net revenue in the second fiscal quarter of 2022 ending April 2, 2022 to be approximately $380 million +/- $20 million, and expects non-GAAP EPS to be approximately $1.45 +/- 10%. Kulicke & Soffa currently anticipates revenue for its full fiscal year 2022 to increase sequentially to approximately $1.58 billion.

Tailwinds

  • Served markets continue to expand
  • Driving interest and demand for broadening advanced packaging solutions
  • Driving interest and demand for broadening automotive solutions
  • Driving interest and demand for broadening advanced display solutions
  • Well positioned to deliver enabling innovations supporting electric vehicles and emerging mini and micro LED displays

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.1%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+1.4%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+19.3%

Q1 2026

Best reaction

-17.0%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.7%+4.5%+4.5%
Q1 2026+19.3%+34.4%+10.4%
Q4 2025+10.7%+23.4%+29.4%
Q2 2025-2.6%+7.0%+4.5%
Q1 2025-0.0%-4.6%-12.3%
Q4 2024-5.1%-3.6%+3.0%
Q3 2024-0.5%+0.1%-6.1%
Q2 2024-0.6%+2.6%-1.3%
Q1 2024-13.7%-11.0%-7.2%
Q4 2023+4.7%+9.1%+17.1%
Q3 2023-2.8%-7.6%-11.1%
Q2 2023-5.2%-2.3%+11.9%
Q1 2023+14.0%+9.2%+5.0%
Q4 2022-2.0%-3.4%-1.4%
Q3 2022+4.4%-1.1%-10.7%
Q2 2022+2.5%+2.5%+8.7%
Q1 2022-2.5%-8.5%-6.0%
Q4 2021-4.9%-2.3%-9.1%
Q3 2021+12.2%+28.4%+36.8%
Q2 2021-10.3%-14.4%-1.5%
Q1 2021+6.6%+12.1%+14.6%
Q4 2020+2.5%-0.9%+5.1%
Q3 2020+0.7%-6.0%-1.7%
Q2 2020-17.0%-17.1%-14.6%
Q1 2020-3.5%-8.2%-19.2%
Q4 2019-4.8%-8.6%+3.9%
Q3 2019-2.0%-8.9%-8.0%
Q2 2019+3.1%+0.7%-15.1%
Q1 2019+2.0%+2.4%+8.7%
Q4 2018+1.8%-2.6%-8.6%
Q3 2018+1.8%+1.4%-2.2%
Q2 2018+3.6%+3.1%+4.0%
Q1 2018+0.4%-9.1%-1.3%
Q4 2017+8.8%+13.1%+2.7%
Q3 2017-12.2%-6.7%-11.2%
Q2 2017-1.4%-5.3%+0.8%
Q1 2017+10.7%+16.9%+16.3%
Q4 2016+5.6%+5.6%+15.2%
Q3 2016-0.8%+1.5%+0.6%
Q2 2016+3.9%
Q1 2016+15.4%
Q4 2015-1.5%
Q3 2015+1.5%
Q2 2015-15.2%
Q1 2015+8.3%
Q4 2014-5.9%
Q3 2014+1.2%
Q2 2014+16.5%
Q1 2014+9.5%
Q4 2013-7.6%
Q3 2013+2.4%
Q2 2013+0.5%
Q1 2013-12.0%
Q4 2012-2.1%
Q3 2012+10.6%
Q2 2012-1.8%
Q1 2011+1.2%
Q1 2012+0.9%
Q4 2009+0.0%
Q2 2011+0.0%
Q4 2011+0.0%
Q3 2010+4.7%
Q4 2010+4.7%
Q3 2011+4.7%
Q2 2010-11.1%
Q1 2010+13.0%

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