Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q2 2025 Earnings Presentation
16 slides from Kulicke And Soffa Industries's earnings presentation, May 7, 2025
Slide 1: Quarterly Earnings Review Q2F25
Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review Q2F25 Ended March 29, 2025 May 7, 2025 1
Slide 2: Safe Harbor
Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management’s expectations as of May 6, 2025. These statements are “forward- looking” statements within the meaning of the Private Securiti
Slide 3: Q2F25 Update: Internally Focused & Optimized for Growth
Q2F25 Update Internally Focused & Optimized for Growth Overview Q2F25 Results Intent to secede EA Equipment announced on March 31, 2025 Revenue $162.0M • Certain technology, long-term aftermarket parts and services to be Net Loss $(84.5)M retained Non-GAAP Net Loss $(27.9)M • Full commitment to supp
Slide 4: Q2F25 Revenue Composition
Revenue per quarter (millions USD) Q2F25 Revenue Composition 5Yr Avg = quarterly average of preceding five fiscal years As a percent of total Company revenue By End Market General Semi Auto & Industrial Memory APS 200 80% 100 40% 50 20% 100 30% 100 50 25 50 91 37 31 0 —% 0 —% 0 3 —% 0 —% 5 Yr 2Q24 1
Slide 5: Q2F25 Update: Aligned with Technology Transitions
Q2F25 Update Aligned with Technology Transitions Ball Advanced Dispense • Vertical Wire momentum accelerating in both • Expanding portfolio & customer base memory & general semi applications • Solid state battery ramp anticipated • Recently launched - AT Premier MEM Plus • Adjacent opportunities acr
Slide 6: Q2F25 Financial Results
Q2F25 Financial Results $162.0M EA-related expense aligned Down 2.5% Q/Q with range as disclosed on March 31, 2025 $68.2M Down $0.4M Q/Q $86.6M of EA related charges in Q2F25 (16.9)% Residual EA expense anticipated to be below $(0.52) $15M *Please see Non-GAAP Reconciliation 6
Slide 7: Income Statement
Income Statement Q2F25 Summary Items $Millions, except %, EPS, and share count Q2F24 Q1F25 Q2F25 Q/Q Y/Y Revenue $172.1 $166.1 $162.0 $(4.1) $(10.1) Gross Margin 9.6% 52.4% 24.9% (2,750) bps 1,530 bps Operating Expenses $121.6 $0.4 $125.1 $124.7 $3.5 Operating (Loss)/Income $(105.2) $86.6 $(84.7) $(
Slide 8: Balance Sheets & Cash Flow
Balance Sheets & Cash Flow Q2F25 Summary Items $Millions Q2F24 Q3F24 Q4F24 Q1F25 Q2F25 Accounts and Other Receivables $194.8 $200.3 $193.9 $247.9 $173.9 Inventory $180.5 $175.6 $177.7 $185.1 $155.7 Accounts Payable $51.5 $52.1 $58.8 $49.0 $48.4 Net Cash* $469.0 $435.9 $393.4 $369.2 $398.5 Working Ca
Slide 9: Outlook
Outlook Q3F25 $145M Limited direct trade-related +/- $10M impact $68.0M +/- 2% Order intake slowed in SEA & improved in CN and TW 46.5% +/- 100 bps Expect ongoing digestion and utilization despite near-term $0.05 softness +/- 10% *Please see Non-GAAP Reconciliation for composition of Non-GAAP guidan
Slide 10: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited) Three months ended December 28, March 29, 2025 March 30, 2024 2024 Net revenue $ 161,986 $ 172,074 $ 181,319 U.S. GAAP (loss)/income from operat
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Three months ended December 28, March 29, 2025 March 30
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Three months ended March 29, 2025 March 30, 2024 Decemb
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow (In thousands, except percentages) (unaudited) Three months ended March 29, March 30, December 28, 2025 2024 2024 U.S. GAAP net cash provided by / (used in) operating activi
Slide 15: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Outlook (In millions, except per share data) (Unaudited) Third quarter of fiscal 2025 ending June 28, 2025 GAAP Outlook Adjustments Non-GAAP Outlook $145 million $145 million Net revenue — +/- $10 million +/- $10 million $76.0 million
Slide 16: Kulicke & Soffa
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