Quarterly ResultMay 7, 2026, 08:38 AM
Kulicke & Soffa Q2 Net Income $35.1M; Revenue +49.8%
AI Summary
Kulicke & Soffa Industries Inc. reported a strong financial turnaround for its second fiscal quarter ended April 4, 2026, with net income reaching $35.1 million compared to a significant loss in the prior year, driven by a 49.8% increase in net revenue to $242.6 million. However, net cash provided by operating activities for the six-month period saw a substantial decrease. The company also announced the substantial completion of the wind-down of its Electronics Assembly equipment business, a strategic move to prioritize core semiconductor assembly opportunities.
Key Highlights
- Q2 2026 net income was $35.1 million, a significant turnaround from a $84.5 million loss in Q2 2025.
- Q2 2026 net revenue increased by 49.8% to $242.6 million from $162.0 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.67, compared to a loss per share of $1.59 in Q2 2025.
- Cash and cash equivalents rose to $337.9 million as of April 4, 2026, from $215.7 million in October 2025.
- Total assets increased to $1.19 billion as of April 4, 2026, from $1.10 billion in October 2025.
- Net cash provided by operating activities for the six months ended April 4, 2026, was $1.3 million, down from $98.8 million in the prior year.
- The company declared a cash dividend of $0.205 per share.
- The wind-down of the Electronics Assembly equipment business was substantially completed by April 4, 2026.
Price Impact
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