Quarterly ResultAug 6, 2026, 09:04 AM
Kulicke & Soffa Q3 Net Income $57.4M; Revenue +122.6% to $330.4M
AI Summary
Kulicke & Soffa Industries Inc. reported a significant turnaround in its third fiscal quarter, with net income reaching $57.4 million, a substantial improvement from a $3.3 million loss in the prior year. Net revenue for the quarter surged by 122.6% to $330.4 million. Year-to-date, the company achieved net income of $109.4 million on revenues of $772.7 million, also a strong recovery from a loss in the previous year. The company also noted the substantial completion of the wind-down process for its Electronics Assembly equipment business, a strategic move to focus on core semiconductor assembly opportunities.
Key Highlights
- Q3 Net Income $57.4 million, up from a $3.3 million loss year-over-year.
- Q3 Net Revenue increased 122.6% to $330.4 million.
- Nine-month Net Income $109.4 million, up from a $6.2 million loss year-over-year.
- Nine-month Net Revenue increased 62.1% to $772.7 million.
- Cash and cash equivalents rose to $368.6 million as of July 4, 2026.
- Cessation of Electronics Assembly equipment business substantially completed.
- Nine-month net cash provided by operating activities was $46.6 million.
Price Impact
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