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Kulicke & Soffa Reports Second Quarter 2025 Results
SINGAPORE, May 6, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced
About this update from Kulicke And Soffa Industries, Inc.
[{"type":"text","content":"SINGAPORE, May 6, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (\"Kulicke & Soffa,\" \"K&S,\" \"our,\" or the \"Company\"), today announced financial results of its second fiscal quarter ended March 29, 2025. The Company reported second quarter net revenue of $162.0 million, net loss of $84.5 million, representing EPS of $(1.59) per fully diluted share, and non-GAAP net loss of $27.9 million, representing non-GAAP EPS of $(0.52) per fully diluted share.\n\nOn March 31, 2025, the Company disclosed that its Board of Directors had approved a plan related to the intended cessation of its Electronics Assembly (\"EA\") equipment business. During the second fiscal quarter 2025, pre-tax charges related to this intended cessation, including impairments, were approximately $86.6 million and represented the majority of anticipated expenses.\nQuarterly Results - U.S. GAAP\nFiscal Q2 2025\nChange vs. \nFiscal Q2 2024\nChange vs. \nFiscal Q1 2025\nNet Revenue\n$162.0 million\ndown 5.9%\ndown 2.5%\nGross Margin\n24.9 %\nup 1530 bps\ndown 2750 bps\nLoss from Operations\n$(84.7) million\nup 19.5%\ndown 197.7%\nOperating Margin\n(52.3) %\nup 880 bps\ndown 10450 bps\nNet Loss\n$(84.5) million\nup 17.7%\ndown 203.5%\nNet Margin\n(52.2) %\nup 750 bps\ndown 10130 bps\nEPS – Diluted\n$(1.59)\nup 13.1%\ndown 205.3%\nQuarterly Results - Non-GAAP\nFiscal Q2 2025\nChange vs. \nFiscal Q2 2024\nChange vs. \nFiscal Q1 2025\nLoss from Operations\n$(27.4) million\nup 45.4%\ndown 245%\nOperating Margin\n(16.9) %\nup 1230 bps\ndown 2830 bps\nNet Loss\n$(27.9) million\nup 47.7%\ndown 237.8%\nNet Margin\n(17.2) %\nup 1370 bps\ndown 2940 bps\nEPS – Diluted\n$(0.52)\nup 45.3%\ndown 240.5%\nA 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.\nFusen Chen, Kulicke & Soffa's President and Chief Executive Officer, stated, \"We recently experienced more cautious order activity unique to certain Southeast Asia markets. Despite this near-term regional dynamic, we continue to support our global customer base, see positive core-market utilization data and remain well prepared to accelerate growth through Vertical Wire, Power-Semiconductor, Advanced Dispense and Thermo-Compression ...