NASDAQ$KLIC
Kulicke and Soffa Industries Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Kulicke & Soffa reported first quarter results, recognizing revenue for initial Fluxless Thermocompression and LUMINEXTM Advanced Display Systems. Resilient demand for Automotive & Advanced Packaging Solutions continued.
Kulicke & Soffa's first quarter net revenue was $176.2 million, with a net income of $14.6 million, resulting in an EPS of $0.25. The non-GAAP net income was $21.8 million, with a non-GAAP EPS of $0.37.
- Net revenue was $176.2 million.
- Gross margin was 50.3%.
- Net income was $14.6 million, or $0.25 per share; non-GAAP net income was $21.8 million, or $0.37 per share.
- GAAP cash from operations was $85.1 million; Adjusted free cash flow was $71.2 million
Headline financials
Revenue & EPS history
Kulicke and Soffa · Revenue · Quarterly
$176M
Forward guidance
The Company currently expects net revenue in the second fiscal quarter of 2023 ending April 1, 2023 to be approximately $170 million +/- $20 million, GAAP EPS to be approximately $0.16 +/- 10%, and non-GAAP EPS to be approximately $0.25 +/- 10%.
Tailwinds
- Anticipate a period of improving demand in our second fiscal half
- Driven by typical seasonal improvements within higher-volume markets
- Larger weighting of advanced packaging and advanced display revenue
- Improving book-to-bill ratio
Headwinds
- Near-term macro environment remains dynamic
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 2023
+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
| Quarter | Report date | Reaction (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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