Kulicke & Soffa Industries (KLIC) Tops Q4 EPS by 8c, offers outlook

Kulicke & Soffa Industries (NASDAQ: KLIC) reported Q4 EPS of $0.51, $0.08 better than the analyst estimate of $0.43. Revenue for the quarter came in at $202.3 million versus the consensus estimate of $200.17 million.

First Quarter Fiscal 2024 Outlook

While broader cyclical improvements have benefited the utilization rates and demand for Ball Bonding systems, near-term headwinds persist in memory and automotive markets. The Company currently expects net revenue in the first fiscal quarter of 2024, ending December 30, 2023, to be approximately $170.0 million, +/- $10 million, GAAP diluted EPS to be approximately $0.15 +/- 10%, and non-GAAP diluted EPS to be approximately $0.25, +/- 10%.

Management anticipates demand to sequentially improve in the second fiscal quarter 2024 followed by broader demand improvements in the second fiscal half due to both strengthening industry conditions and ongoing execution of several K&S-specific opportunities.

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

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