Kulicke & Soffa Industries (KLIC) Tops Q4 EPS by 21c, Guidance Misses

Kulicke & Soffa Industries (NASDAQ: KLIC) reported Q4 EPS of $1.19, $0.21 better than the analyst estimate of $0.98. Revenue for the quarter came in at $286.3 million versus the consensus estimate of $277 million.

GUIDANCE:

Kulicke & Soffa Industries sees Q1 2023 EPS of $0.10-$0.30, versus the consensus of $0.81. Kulicke & Soffa Industries sees Q1 2023 revenue of $175 million, versus the consensus of $244.4 million.

• Due to a combination of macro and industry related factors, K&S continues to anticipate a period of capacity digestion for its high-volume assembly solutions over the coming quarters. The Company currently expects net revenue in the first fiscal quarter of 2023, ending December 31, 2022, to be approximately $175.0 million, +/- $20 million, and expects non-GAAP EPS to be approximately $0.20, +/- 10%.
• Looking forward, Fusen Chen commented, "Our access to new markets and optimization efforts have enhanced our through-cycle performance and we remain focused on executing strategically near-term. Fiscal 2023 is a critical adoption year for our growing portfolio of Advanced Packaging, Automotive and Advanced Display solutions which are increasingly aligned with long-term, fundamental technology transitions which are well underway."

For earnings history and earnings-related data on Kulicke & Soffa Industries (KLIC) click here.

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