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KLIC

Kulicke Soffa IndustriesD
Nasdaq / Semiconductors & Semiconductor Equipment
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2026-06-02
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2026-05-27
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Earnings documents stored for KLIC.

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Investor releaseQuarter not tagged2026-05-27

Kulicke & Soffa Declares Quarterly Dividend of $0.205

PR Newswire

SINGAPORE, May 27, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), today announced that its Board of Directors has approved a quarterly dividend of $0.205 per share of common stock. The dividend will be payable on July 8, 2026, to shareholders of record as of June 18, 2026. About Kulicke & Soffa Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity. Contacts: Kulicke & SoffaMarilyn SimPublic RelationsP: [email protected] Kulicke & SoffaJoseph ElgindyFinanceP: [email protected] View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-declares-quarterly-dividend-of-0-205--302781995.html

Investor releaseQuarter not tagged2026-05-16

Kulicke and Soffa’s Q1 Earnings Call: Our Top 5 Analyst Questions

StockStory

Kulicke and Soffa delivered a strong first quarter, as market demand for semiconductor production equipment rebounded sharply and outpaced Wall Street’s expectations. Management attributed the performance to broad-based improvements across core and advanced markets, particularly from data center and memory customers. Interim CEO and CFO Lester Wong noted, “Customer sentiment remains strong and utilization levels across our largest served market remain above average.” Growth was also supported by capacity expansion and new product traction in advanced packaging, including Thermo-Compression and vertical wire technologies. Is now the time to buy KLIC? Find out in our full research report (it’s free). Revenue: $242.6 million vs analyst estimates of $230 million (49.8% year-on-year growth, 5.5% beat) Adjusted EPS: $0.79 vs analyst estimates of $0.67 (17.9% beat) Adjusted EBITDA: $50.26 million vs analyst estimates of $43.4 million (20.7% margin, 15.8% beat) Revenue Guidance for Q2 CY2026 is $310 million at the midpoint, above analyst estimates of $247.5 million Adjusted EPS guidance for Q2 CY2026 is $1 at the midpoint, above analyst estimates of $0.76 Operating Margin: 15.9%, up from -52.3% in the same quarter last year Inventory Days Outstanding: 153, down from 160 in the previous quarter Market Capitalization: $5.13 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Sreekrishnan Sankarnarayanan (TD Cowen): Asked about geographic utilization trends. Interim CEO and CFO Lester Wong explained China utilization rates exceeded 90%, with strong demand also in Korea, Japan, and Taiwan, while Southeast Asia and Western markets showed improvement. Sankarnarayanan (TD Cowen): Inquired whether TCB growth was driven by IDMs, foundries, or OSATs. Wong responded that all three customer types contributed to growth, with increasing interest from fabless customers as well. Denis Pyatchanin (Needham & Company): Sought clarity on sustainability of higher revenue levels. Wong said improved visibility supports incremental sequential growth through the rest of 2026, with both core and Advanced Solutions performing strongly. David Dule...

Investor releaseQuarter not tagged2026-05-16

Earnings Estimates Moving Higher for Kulicke and Soffa (KLIC): Time to Buy?

Zacks

Investors might want to bet on Kulicke and Soffa (KLIC), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this semiconductor equipment maker, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Kulicke and Soffa, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $1.00 per share for the current quarter represents a change of +1,328.6% from the number reported a year ago. The Zacks Consensus Estimate for Kulicke and Soffa has increased 39.2% over the last 30 days, as one estimate has gone higher compared to no negative revisions. For the full year, the earnings estimate of $3.34 per share represents a change of +1,490.5% from the year-ago number. The revisions trend for the current year also appears quite promising for Kulicke and Soffa, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 28.38%. The promising estimate revisions have helped Kulicke and Soffa earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While...

Investor releaseQuarter not tagged2026-05-08

Kulicke and Soffa Industries Q2 Earnings Call Highlights

MarketBeat

Interested in Kulicke and Soffa Industries, Inc.? Here are five stocks we like better. Revenue rose 21.5% sequentially in the March quarter and management guided June‑quarter revenue of $310 million (about +28% sequentially) with targets of GAAP EPS $0.87 and non‑GAAP EPS $1.00. Fluxless thermo‑compression bonding (TCB) is the key growth driver — management expects TCB to grow at least 70% sequentially this fiscal year and generate over $100 million, and is planning roughly $20 million of capex to expand Advanced Solutions capacity toward ~$400 million of revenue. End‑market strength is broadening: memory shipments jumped 93% sequentially to $31.3 million and automotive/industrial shipments rose 63%, with utilization very high in China (~92%) and strong demand across OSATs, foundries, IDMs and fabless customers. These 3 Small-Cap Stocks Are Built to Weather a Slowdown Kulicke and Soffa Industries (NASDAQ:KLIC) reported fiscal second-quarter 2026 results that management said reflected faster-than-expected improvement in demand and stronger customer sentiment, supported by above-average utilization across much of its served market. Interim CEO and CFO Lester Wong said the March quarter was led by general semiconductor and memory demand tied to global data center capacity expansion, while traditional markets such as premium smartphones showed improving conditions. Wong said utilization rates have increased over the past year and “the need for incremental capacity continues to grow,” describing demand across both advanced packaging and high-volume traditional packaging solutions that support data center-related networking, communications, power management, and storage requirements. He also pointed to “positive momentum within automotive and industrial end markets.” → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% 3 Must-Watch Semiconductor Stocks as NVIDIA Takes a Breather Revenue rose 21.5% sequentially in the March quarter, and Wong said the company has improved visibility for fiscal 2026, with an expectation of “a slight sequential improvement into fourth fiscal quarter.” In response to an analyst question on longer-range quarterly expectations, Wong added that the company expects fiscal fourth-quarter revenue to be up “maybe 5%-10%” sequentially and said he expects “strength throughout the business, the core business, as well as our Advance...

Investor releaseQuarter not tagged2026-05-07

Kulicke and Soffa Industries, Inc. Q2 2026 Earnings Call Summary

Moby

Demand is improving at a faster pace than previously expected, driven by high utilization levels in China and data center capacity expansion. Revenue growth of 21.5% sequentially was led by general semiconductor and memory demand, specifically supporting networking and storage requirements. The memory segment saw a 93% sequential increase, primarily fueled by NAND technology requirements and expansion among Chinese memory OSATs in ball bonding. Management is pivoting toward advanced logic and memory applications, noting that data center growth requires both advanced packaging and high-volume traditional solutions. Automotive and industrial markets grew 63% sequentially due to increased semiconductor content in ADAS and infotainment systems requiring high I/O packaging. The company is aggressively ramping production capacity to meet incremental near-term needs while maintaining focus on operational efficiency. Management anticipates a slight sequential revenue improvement of 5% to 10% into the fourth fiscal quarter with visibility extending through fiscal 2026. A significant $20 million capital investment is underway to expand Advanced Solutions production capacity to support approximately $400 million in annual revenue by early fiscal 2027. Thermo-Compression Bonding (TCB) revenue is expected to grow at least 70% sequentially this fiscal year, exceeding $100 million in total revenue. The company is accelerating R&D for hybrid bonding technology, viewing it as a commercially viable solution for broad market adoption in a few years. Vertical wire solutions are positioned as a long-term play for 2027 and beyond, targeting low-power DDR requirements for on-premise AI and data centers. Non-GAAP operating expenses are projected to rise to $85 million in the June quarter, driven by variable incentive compensation and critical headcount additions. Aftermarket Products and Services (APS) saw a sequential decline due to lower refurbished system sales, though consumables remained consistent. The effective tax rate is expected to remain slightly over 20% in the near term. Management highlighted a growing focus on two specific next-generation programs: panel-level base system architecture and the long-term industry development of true production-capable hybrid solutions. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest...

Investor releaseQuarter not tagged2026-05-07

Kulicke and Soffa (KLIC) Surpasses Q2 Earnings and Revenue Estimates

Zacks

Kulicke and Soffa (KLIC) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to a loss of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +17.91%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.33 per share when it actually produced earnings of $0.44, delivering a surprise of +33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Kulicke and Soffa, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $242.62 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.49%. This compares to year-ago revenues of $161.99 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Kulicke and Soffa shares have added about 100.6% since the beginning of the year versus the S&P 500's gain of 6%. While Kulicke and Soffa has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kulicke and Soffa was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. Y...

Investor releaseQuarter not tagged2026-05-07

Kulicke and Soffa: Fiscal Q2 Earnings Snapshot

Associated Press

SINGAPORE (AP) — SINGAPORE (AP) — Kulicke and Soffa Industries Inc. (KLIC) on Wednesday reported profit of $35.1 million in its fiscal second quarter. On a per-share basis, the Singapore-based company said it had profit of 66 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 79 cents per share. The semiconductor equipment maker posted revenue of $242.6 million in the period. For the current quarter ending in June, Kulicke and Soffa said it expects revenue in the range of $290 million to $330 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLIC at https://www.zacks.com/ap/KLIC

Investor releaseQuarter not tagged2026-05-07

Kulicke & Soffa Reports Second Quarter 2026 Results

PR Newswire

SINGAPORE, May 6, 2026 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financial results of its second fiscal quarter ended April 4, 2026. The Company reported second quarter net revenue of $242.6 million, net income of $35.1 million, representing EPS of $0.66 per fully diluted share, and non-GAAP net income of $42.1 million, representing non-GAAP EPS of $0.79 per fully diluted share. A reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the "Use of non-GAAP Financial Results" section of this press release. Lester Wong, Kulicke & Soffa's Interim Chief Executive Officer and Chief Financial Officer, stated, "Demand is stronger than anticipated due to both technology and capacity needs across general semiconductor, memory, automotive and industrial end markets. In addition to helping customers reach their production goals, we are also ramping near-term capital investment to support longer-term Advanced Solutions growth." The Company anticipates fiscal year 2026 capital expenditure to increase sequentially from approximately $12 million to approximately $22 million. This incremental investment is expected to significantly expand the Company's production of its Thermo-Compression bonding ("TCB") systems, supporting up to approximately $400 million in annual TCB system sales. Second Quarter Fiscal 2026 Financial Highlights Net revenue of $242.6 million. Gross margin of 49.3%. Net income of $35.1 million or $0.66 per share; non-GAAP net income of $42.1 million or $0.79 per fully diluted share. GAAP cash flow from operations of $10.3 million; Adjusted free cash flow of $6.3 million. The Company repurchased a total of 3.0 thousand shares of common stock at a cost of $0.1 million. Third Quarter Fiscal 2026 Outlook K&S currently expects net revenue in the third quarter of fiscal 2026 ending July 4, 2026 to be approximately $310 million +/- $20 million, GAAP diluted EPS to be approximately $0.87 +/- 10%, and non-GAAP diluted EPS to be approximately $1.00 +/- 10%. A reconciliation between the GAAP and non-GAAP financial outlook is provided in the financial tables included at the end of this press release. Earnings Conference Webcast A webcast to discuss these results will be held on May 7,...

TranscriptFY2026 Q22026-05-07

FY2026 Q2 earnings call transcript

Earnings source - 47 paragraphs
Operator

Greetings, and welcome to the Kulicke & Soffa Q2 2026 conference call and webcast. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. You can be placed in the question queue at any time by pressing star one on your telephone keypad. As a reminder, this conference is being recorded. If anyone should require operator assistance, please press star zero. It's now my pleasure to turn the call over to Joe Elgindy, Senior Director, Investor Relations. Joe, please go ahead.

Joe Elgindy

Thank you. Welcome, everyone, to Kulicke & Soffa fiscal second quarter 2026 conference call. Lester Wong, Interim Chief Executive Officer and Chief Financial Officer, also joins me on today's call. non-GAAP financial measures references should be considered in addition to, not as a substitute for or in isolation from our GAAP financial information. GAAP to non-GAAP reconciliation tables are included within our latest earnings release and earnings presentation. Both are available at investor.kns.com, along with prepared remarks for today's call. In addition to historical information, today's discussion contains forward-looking statements regarding our future performance and outlook. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may cause actual results to differ materially.

Joe Elgindy

For a complete discussion of the risks associated with Kulicke & Soffa that could affect our future results and financial condition, please refer to our latest Form 10-K and upcoming SEC filings for additional information. With that said, I would now like to turn the call over to Lester Wong for the business, market, and financial overview. Please go ahead, Lester.

Lester Wong

Thank you, Joe. Good morning, everyone. We are again pleased to report demand is improving at a faster and stronger pace than previously expected. Customer sentiment remains strong and utilization levels across our larger served market remain above average. This strength continued to be led by general semiconductor and memory demand, which directly support data center capacity expansion globally. We also see improving condition in traditional markets such as premium smartphones. Over the past year, utilization rates have continued to increase and the need for incremental capacity continues to grow. As explained last quarter, data center growth required new forms of advanced packaging, which support the most advanced logic and memory applications. Data center growth also requires new capacity for high volume traditional packaging solutions, which support networking, communication, power management, and storage requirements. Additionally, we have seen positive momentum within automotive and industrial end markets.

Lester Wong

During the March quarter, revenue increased by 21.5% sequentially. We have improved visibility within fiscal 2026 and anticipate a slight sequential improvement into fourth fiscal quarter. Our financial performance was above prior expectations, and we remain focused to aggressively ramp production in our core and advanced markets. Additionally, we continue to deliver new TCB, power semiconductor, and memory solutions to support our customers' evolving production needs. Revenue recognized for our leading Fluxless Thermo-Compression solutions have increased sequentially, supported by OSAT, foundries, and IDMs. Our fiscal year 2026 outlook remains strong for Thermo-Compression and supports aggressive sequential growth. In addition to Thermo-Compression, we recently announced several new and innovative offerings, which address additional packaging transformations within power semiconductor and memory. Our new ASTERION TW system, announced in late March, is well-positioned to support increasingly complex, high current, and high reliability power applications.

Lester Wong

This new system complements our recently released clip attach and pin welding solutions. We also announced the ProMEM suite of memory features and highlighted our growing portfolio of DRAM solutions, supporting both cost-sensitive and high-bandwidth memory applications. Additionally, we have a growing base of customer engagements in advanced packaging as we accelerate next-generation programs. Two specific areas of focus are around panel-level base system architecture and long-term industry development of true production-capable hybrid solutions. Despite challenging market conditions over the past three years, we continue to invest in research and development in several exciting new growth areas. As we enter a period of high capacity additions across our served markets, we are pleased with the progress our team has made across these multifaceted opportunities. In addition to the industry's need for incremental near-term capacity in advanced packaging, we are also significantly ramping our own production capacity.

Lester Wong

Over the coming year, we anticipate to significantly expand our Advanced Solutions segment production capacity to support approximately $400 million of revenue. I will provide some additional details in the financial section. Turning to end market review. General semiconductor revenues increased by 19.4% sequentially to $148.9 million, driven by higher capacity and technology requirements for both ball bonding and Advanced Solutions segments. Memory shipments increased by 93% sequentially to $31.3 million. Our memory business is currently focused on supporting NAND technology and capacity requirements. As advanced packaging trends continue to evolve throughout the memory market, we expect to gain market share in DRAM with our new solutions.

Lester Wong

Automotive and industrial shipments increased by 63% sequentially, driven primarily by high IO and high volume power and mixed signal packaging. We are also well positioned to benefit from the gradual long-term share growth in battery and plug-in hybrids, which require new power semiconductor technology and capacity requirements. Aftermarket products and services, or APS, end market demand decreased sequentially due to lower refurbished system sales during the March quarter. The broader consumables portion of APS has remained consistent sequentially. As we typically do during rapid changes in demand, we will continue to work aggressively to support our customers' capacity and technology needs. Our global R&D teams remain aggressively engaged on many new technology fronts, supporting advanced packaging and power semiconductor trends, while also extending our platform of advanced dispense solutions.

Lester Wong

Within advanced packaging, transitions of both Vertical Wire and Thermo-Compression remain on track, and we continue to be positioned well. We are increasingly focused on hybrid bonding technology and are confident we can provide a very competitive solution within this emerging process. We continue to anticipate hybrid will be commercially viable solution eventually, so it is now time to invest and accelerate market engagements. While hybrid may be still a few years away from gaining broad market adoption, we are accelerating our research and development efforts to provide a solution that exceeds current capabilities available in the market today. In the interim, TCB is the production solution for today's most complex heterogeneous applications. Our TCB business is expected to grow at least 70% sequentially this fiscal year, generating over $100 million of revenue.

Lester Wong

We anticipate the majority of our sequential TCB growth will continue to stem from large applications and heterogeneous packaging trends. We will allocate additional resources towards emerging HBM opportunities as well. Our other unique memory opportunity continues to be addressed with vertical wire, which provides a highly capable alternative for cost-effective bandwidth through die stacking. We anticipate strong sequential growth in both TCB and vertical wire over the coming years. We introduced our latest Echelon dispense system in November at Productronica, which is now deployed with several customers for evaluation and progressing well. In addition to Echelon, during the March quarter, we recognized revenue associated with a new dedicated panel-level dispense solution. With that said, I will now provide a brief financial update. My remarks today will refer to GAAP results, unless noted.

Lester Wong

We again delivered revenue above guidance and continue to execute on our production ramp in our core markets and Fluxless Thermo-Compression, while also maintaining a focus on operational efficiency. Gross margins came in at 49.3%, we delivered $0.66 of GAAP earnings and $0.79 on non-GAAP earnings. Gross margin remains strong sequentially due to customer and product mix. Total operating expenses came in at $81.1 million on a GAAP basis and $73.8 million on a non-GAAP basis. We continue to remain focused on controlling costs. Although considering our growing base of opportunities, we also need to ensure resource availability. Tax expense came in at $7.4 million and anticipate our effective tax rate will remain slightly over 20% near term.

Lester Wong

For the June quarter, revenue is expected to increase by 28% sequentially to $310 million, with gross margins of 48%. non-GAAP operating expenses are expected to be $85 million, representing an increase in variable compensation as well as an increase in critical headcount to support our growing market opportunities. GAAP earnings per share is targeted to be $0.87 and non-GAAP earnings per share to be $1.00. As discussed earlier, we're expanding the Advanced Solutions segment production footprint by investing in capital expenditures. These investments have started in April and are planned to significantly expand our Thermo-Compression capacity by the first half of fiscal 2027. Total capital expenditures in connection with this expansion are expected to be $20 million. $12 million of the total investment is set to be deployed in fiscal 2026.

Lester Wong

In closing, we are capitalizing on near-term opportunities while continuing to execute long-term strategic priorities. We are confident in our future and remain competitively positioned in core and advanced packaging markets. We look forward to delivering strong results as we continue to grow the business. This concludes our prepared comments. Operator, please open the call for questions.

Operator

Certainly, we will now be conducting a question-and-answer session. If you'd like to be placed into the question queue, please press star one on your telephone keypad. A confirmation tone will then indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing star one. One moment, please, while we poll for questions. Our first question is coming from Krish Sankar from TD Cowen. Your line is now live.

Krish Sankar

Yeah, hi. Thanks for taking my question. Lester, congrats on the very solid results and nice to see a $300+ million quarter again. I just have two questions, Lester. One is, you know, in the past, you gave some color on how to think about utilization rate across geographies. I'm wondering how is that now, given the demand is improving? Can you just give some color on, like, where China, Southeast Asia, rest of geographies are in terms of utilization rate? Then I have a follow-up.

Lester Wong

Sure. Krish, I think China has been very high utilization rate for the last couple quarters now. For this quarter, they are over 90%, around 92%. We're also seeing, you know, strong utilization in Korea, Japan, and Taiwan, what we call other Asia. I think Southeast Asia is still a bit soft, but they have improved a little bit. I think North America and Europe also has improved. I think it's still being led by China as well as Japan, Korea and Taiwan.

Krish Sankar

Got it. That's very helpful, Lester. As a quick follow-up, you know, it's nice to also see your TCB revenues growing, and you said, well over $100 million this year. I'm just wondering, I understand it's the logic vertical that's driving it. Is it actually the IDMs or the foundries, or is it OSAT being the incremental buyer this year on TCB?

Lester Wong

I think it's all three, Krish. I mean, we've always had a very strong position in IDM, right? Over the last year and a half, we've moved into foundry. Now we see a lot of the OSATs interested, and also we're also talking to some of the fabless customers. I think it's the growth is across OSAT, IDM, as well as the foundry.

Krish Sankar

Thanks a lot, Lester. Congrats.

Lester Wong

Thank you, Krish.

Operator

Thank you. Next question today is coming from Denis Pyatchanin from Needham & Company. Your line is now live.

Denis Pyatchanin

Great. Thank you very much. It's nice to see there's a growing demand and, maybe given the improving visibility across the industry, will you be able to provide some outlook on revenue in future quarters? Do you think we can sustain these new levels that we'll be experiencing in June?

Lester Wong

Yeah. Well, I think we did say that I think for the fiscal fourth quarter, we expect sequentially incremental, maybe 5%-10%. I think we're getting much better visibility now through FY 2026. I think actually, you know, there should be strength throughout the business, the core business, as well as our Advanced Solutions business through the rest of the calendar 2026.

Denis Pyatchanin

Great. For my follow-up about fluxless Thermo-Compression, can you maybe give us an update on which are your end markets are kind of seeing the strongest adoption of your fluxless Thermo-Compression technology?

Lester Wong

Well, basically it's general semi, right? It's again, at foundries, at the IDMs. We're obviously focused on logic, even though we did deliver our first HBM system in December and it's undergoing qualification. Again, it's general semi that's driving it for end markets.

Denis Pyatchanin

I got it. That's it for me. Thank you very much.

Operator

Thank you. Our next question today is coming from David Duley from Steelhead Securities. Your line is now live.

David Duley

Good morning, good evening. Congratulations on nice results. You know, in the press release and in your prepared comments, you talked about increasing your Thermo-Compression bonding capacity, I think, to $400 million annually. You know, that's probably a 2x or a 3x of total capacity. I'm wondering what has triggered that investment all of a sudden. Do you have line of sight to much higher growth in fiscal or calendar 2027? However you'd like to fiscal or calendar 2027. You know, 'cause I think you were planning on doing around $100 million of TCB revenue for the year at this point. Why the incremental investment now?

Lester Wong

Well, that's a great question, David. I think we're investing now because we definitely see, you know, a very bright future for us in fluxless Thermo-Compression, right? We believe we have the best system in the market, right? We have, you know, a very flexible system. We have both formic acid as well as plasma. We're the only people who have that. We also have, you know, our material handling allows for a lot of different applications. There's also a lot of flexibility. I think, you know, our Turret System has already been proven very robust and is a proven platform, both at the IDMs as well as the foundries and now into the OSAT. I think we feel very comfortable with the solution.

Lester Wong

We have also, you know, gotten a lot of inbound interest, as I said earlier, now from not just the foundry and IDMs, but also the OSATs and also talking to, you know, our fabless customers, or customer's customers. I think we believe that this is the time to be prepared for a significant ramp in our fluxless TCB business over the coming years.

David Duley

Do you think you'll be taking share from somebody, or will your solutions be finding new market niches or, you know, 'cause you have some established players in this sector that, you know, have, I think, bigger businesses. How do you plan to, you know, fill up this capacity, so to speak? Where will the big orders come from first?

Lester Wong

Well, David, I think It's both. I think, you know, we see the market expanding, right? For example, we're not in memory right now. We're not HBM. If that market opens up for us, that's a significant, a very big market. I think within logic itself, I mean, you know, we're our solution is proving to be, you know, very robust as well as, you know, it's holding up against most of the competition. We think we will also take market share, right? Also, we think additional customers, you know, will use the, you know, start qualifying more applications on the FTC, both at the foundry and also at the OSAT.

Lester Wong

I think we'll both take market share, and the market will grow, and we'll enter markets that we're currently not in.

David Duley

Okay. I think in your both in your pre-prepared remarks and in the presentation, you talk about strength in the memory business. Could you just elaborate what you're seeing in memory and, you know, what's behind the big bounce back, I guess, in that segment? You know, will we see some Vertical Wire revenue this year? I guess it's a two-part question.

Lester Wong

Yeah, I'll answer the Vertical Wire first. I think there'll be a little bit of Vertical Wire, but I think that's more of a 2027 and beyond play. We're very excited about that. As I think we've mentioned before, Vertical Wire is something that we came up with, and it's the best way, you know, to stack, and it's focused towards low power DDR, which is definitely gonna be needed on on-premise AI as well as perhaps in the data center. We think Vertical Wire has a very bright future. As far as memory in general, we do see a rebound in our memory business, particularly in China. I think a lot of the Chinese memory OSATs are expanding significantly, and that's really driving our business in China for ball bonding.

David Duley

Thank you.

Operator

Thank you. Our next question is coming from Rebecca Zamsky from B. Riley Securities. Your line is now live.

Rebecca Zamsky

Hello, this is Rebecca Zamsky on for Craig Ellis. A&I was a positive surprise this quarter. Is this primarily automotive power device related, industrial sensor driven or broader mature foundry capacity adds? Does this guide assume A&I continues to accelerate through the rest of the year? I have one follow-up.

Lester Wong

Sorry, I didn't Rebecca, I'm sorry, I didn't quite catch. You said what was the application or the tool that you were asking about from us?

Rebecca Zamsky

Yeah. Like, what was primarily driving the auto and industrial, like, positive surprise this quarter? Like, was it automotive power device related, industrial sensor driven, or more broader, like mature foundry capacity adds?

Lester Wong

Okay. Well, I think it's more automotive. I think we're seeing, you know, obviously, semiconductor content is going up in automotive, both around ADAS as well as in infotainment. Also, I think it's the high IO count, as well as, you know, again, we need the As the current increases, you know, I think our new tools are serving that market quite well. It's mainly automotive.

Rebecca Zamsky

Great. Thank you. OpEx declined quarter on quarter on an absolute dollar basis despite the revenue ramp. How should we think about the OpEx trajectory through the rest of the year? Is there a step up in R&D or SG&A to support the TCB capacity build and new product qualifications?

Lester Wong

I think we guided for non-GAAP OpEx for $85 million. A big part of that increase from the Q2 OpEx is because of its variable incentive compensation as well as, you know, sales commission. That's tied to revenue, which has increased significantly. We are also investing more in terms of fixed costs, particularly around R&D, particularly around advanced packaging. We mentioned panel-level architecture as well as hybrid bonding, which as I indicated, we're going to try to accelerate that program. Yes, a big part of it is variable, so a move of revenue, but we are increasing our investments in what we believe is critical growth areas.

Rebecca Zamsky

Great. Thank you.

Operator

Thank you. We reach the end of our question-and-answer session. I'd like to turn the floor back over to Joe for any further closing comments.

Joe Elgindy

Thank you, Kevin, and thank you all for joining today's call. As always, please feel free to follow up directly with any additional questions. This concludes today's call. Have a great day, everyone.

Operator

Thank you. That does conclude today's teleconference and webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.

Investor releaseQuarter not tagged2026-05-06

Veeco Instruments (VECO) Misses Q1 Earnings and Revenue Estimates

Zacks

Veeco Instruments (VECO) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -30.00%. A quarter ago, it was expected that this precision manufacturing equipment maker would post earnings of $0.25 per share when it actually produced earnings of $0.24, delivering a surprise of -4%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Veeco, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $158.34 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.04%. This compares to year-ago revenues of $167.29 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Veeco shares have added about 78.2% since the beginning of the year versus the S&P 500's gain of 5.2%. While Veeco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Veeco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zac...

Investor releaseQuarter not tagged2026-05-01

Cohu (COHU) Lags Q1 Earnings Estimates

Zacks

Cohu (COHU) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -69.97%. A quarter ago, it was expected that this maker of semiconductor test equipment would post earnings of $0.07 per share when it actually produced a loss of $0.15, delivering a surprise of -314.29%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cohu, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $125.12 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.56%. This compares to year-ago revenues of $96.8 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cohu shares have added about 92.1% since the beginning of the year versus the S&P 500's gain of 4.2%. While Cohu has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cohu was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Stron...

Investor releaseQuarter not tagged2026-04-02

Unpacking Q4 Earnings: Kulicke and Soffa (NASDAQ:KLIC) In The Context Of Other Semiconductor Manufacturing Stocks

StockStory

Let’s dig into the relative performance of Kulicke and Soffa (NASDAQ:KLIC) and its peers as we unravel the now-completed Q4 semiconductor manufacturing earnings season. The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment. The 14 semiconductor manufacturing stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 3% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 2.7% on average since the latest earnings results. Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices Kulicke and Soffa reported revenues of $199.6 million, up 20.2% year on year. This print exceeded analysts’ expectations by 5%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates. Lester Wong, Kulicke & Soffa's Interim Chief Executive Officer and Chief Financial Officer, stated, "As we continue preparing to support customers' higher near‑term capacity requirements, we remain committed to broadening our market reach in parallel. Our prior investments in Power Semiconductor, Advanced Dispense, and Advanced Packaging, both Vertical Wire and Fluxless Thermo‑Compression, strategically position us to further expand our market access over the long-term." Interestingly, the stock is up 18.1% since reporting and currently trades at $65.74. Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it’s free. Sporting most major chip manufacturers as its customers, Teradyne (NASDAQ:TER) is a US-based supplier of automated test equipment for semiconductors as well as other technologies and devices. Teradyne reported revenues of $1.08 billion, up 43.9% year on year, outperforming analysts’ expectations by 11%...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook