NASDAQ$KLIC

Kulicke and Soffa Industries Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter results with net revenue of $485.3 million and net income of $133.7 million.

Kulicke & Soffa reported strong Q4 2021 results, with net revenue reaching $485.3 million and net income of $133.7 million. The company exceeded revenue expectations by extending production capacity and delivering advanced display systems. They are navigating global supply-chain challenges and expanding into automotive, electronics assembly, and advanced display end-markets.

  • Net revenue for the fourth quarter was $485.3 million.
  • Net income for the fourth quarter reached $133.7 million.
  • Non-GAAP net income for the fourth quarter was $138.3 million.
  • Cash, cash equivalents, and short-term investments were $739.8 million as of October 2, 2021.

Headline financials

Total Revenue

$485M

Previous: $178M+173.1%
EPS (adj)

$2.17

Previous: $0.29+648.3%
Gross Margin

47.7%

Previous: 50.0%-4.6%
Operating Margin

31.9%

Previous: 12.9%+147.3%
Net Margin

27.6%

Previous: 8.9%+210.1%
Non-GAAP Operating Margin

33.0%

Previous: 14.2%+132.4%
Non-GAAP Net Margin

28.5%

Previous: 10.1%+182.2%
Capital Expenditures

$6.03M

Previous: $3.87M+55.8%
Free Cash Flow

$117M

Previous: $27.9M+321.2%
Net Income

$134M

Previous: $15.8M+746.2%
Operating Income

$155M

Previous: $23M+573.2%
Gross Profit

$231M

Previous: $88.9M+160.2%
Cash & Equivalents

$363M

Previous: $188M+92.8%
Total Assets

$1.6B

Previous: $1.05B+51.9%

Revenue & EPS history

Kulicke and Soffa · Revenue · Quarterly

$485M

Q4 2021+173.1%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company currently expects net revenue in the first fiscal quarter of 2022 to be approximately $460 million, +/- $20 million, and expects non-GAAP EPS to be approximately $1.88, +/- 10%.

Tailwinds

  • Strong ongoing demand across served end-markets.
  • Anticipate ongoing industry expansion.
  • Rapid growth of emerging portfolio of solutions.
  • Addressing semiconductor assembly challenges.
  • Addressing electric vehicle assembly challenges.

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 Q4 2021

Historical avgQ4 2021

+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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