NASDAQ$KLIC

Kulicke and Soffa Industries Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered strong financial performance and continued strategic execution.

Kulicke & Soffa reported third quarter net revenue of $372.1 million, net income of $119.0 million, representing EPS of $1.99 per fully diluted share, and non-GAAP net income of $125.1 million, representing non-GAAP EPS of $2.09 per fully diluted share.

  • Net revenue of $372.1 million.
  • Gross margin of 51.2%.
  • Net income of $119.0 million or $1.99 per share; non-GAAP net income of $125.1 million or $2.09 per share.
  • Cash, cash equivalents, and short-term investments were $745.8 million as of July 2, 2022.

Headline financials

Total Revenue

$372M

Previous: $424M-12.3%
EPS (adj)

$2.09

Previous: $1.87+11.8%
Gross Margin

51.2%

Previous: 46.1%+11.1%
Operating Margin

32.8%

Previous: 28.4%+15.5%
Net Margin

32.0%

No prior period
Non-GAAP Operating Margin

34.7%

No prior period
Non-GAAP Net Margin

33.6%

No prior period
Capital Expenditures

-$10.4M

Previous: -$16.7M+38.0%
Free Cash Flow

$109M

Previous: $97M+12.0%
Net Income

$119M

Previous: $114M+4.6%
Operating Income

$122M

Previous: $120M+1.3%
Gross Profit

$191M

Previous: $196M-2.6%
Cash & Equivalents

$446M

Previous: $388M+14.9%
Total Assets

$1.63B

Previous: $1.41B+15.5%

Revenue & EPS history

Kulicke and Soffa · Revenue · Quarterly

$372M

Q3 2022-12.3%vs Q3 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

The Company currently expects net revenue in the fourth fiscal quarter of 2022 ending October 1, 2022 to be approximately $280 million +/- $20 million, and expects non-GAAP EPS to be approximately $0.93 +/- 10%.

Tailwinds

  • Broadened market access
  • Expanded customer engagements
  • Intimately supporting several long-term technology transitions
  • Materially increased long-term growth potential
  • Sustainably enhanced through-cycle earnings potential

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 Q3 2022

Historical avgQ3 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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