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KLIC

Kulicke and Soffa Industries, Inc.

KLIC

Kulicke and Soffa Industries, Inc. • NASDAQ
$45.11 ▲ 0.33% (+0.15)
Market Cap $2.36 B
52w High $52.08
52w Low $26.63
Dividend Yield 0.82%
P/E 501.22
Volume 290.50K
Outstanding Shares 52.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $177.558M ▲ $83.403M ▲ $6.379M ▲ 3.593% ▲ $0.12 ▲ $10.773M ▲
Q3-2025 $148.413M ▼ $74.769M ▼ $-3.289M ▲ -2.216% ▲ $-0.062 ▲ $3.831M ▲
Q2-2025 $161.986M ▼ $75.728M ▲ $-84.519M ▼ -52.177% ▼ $-1.59 ▼ $-74.034M ▼
Q1-2025 $166.124M ▼ $75.459M ▼ $81.642M ▲ 49.145% ▲ $1.52 ▲ $98.014M ▲
Q4-2024 $181.319M $79.997M $12.117M 6.683% $0.22 $14.951M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $510.708M ▼ $1.104B ▼ $282.851M ▼ $821.491M ▼
Q3-2025 $556.481M ▼ $1.125B ▼ $287.37M ▲ $837.526M ▼
Q2-2025 $581.519M ▲ $1.145B ▼ $281.098M ▲ $864.166M ▼
Q1-2025 $538.325M ▼ $1.251B ▲ $278.701M ▼ $972.744M ▲
Q4-2024 $577.147M $1.24B $296.153M $944.009M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $6.379M ▲ $7.406M ▲ $1.502M ▲ $-38.508M ▼ $-30.773M ▲ $4.449M ▼
Q3-2025 $-3.289M ▲ $7.38M ▼ $-17.463M ▲ $-32.606M ▲ $-40.038M ▼ $5.29M ▼
Q2-2025 $-84.519M ▼ $79.877M ▲ $-38.415M ▼ $-33.506M ▲ $8.194M ▼ $77.923M ▲
Q1-2025 $81.642M ▲ $18.902M ▼ $82.039M ▲ $-48.452M ▲ $51.178M ▲ $8.7M ▼
Q4-2024 $12.117M $31.619M $-117.983M $-54.371M $-139.77M $29.151M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Advanced Solutions Segment
Advanced Solutions Segment
 $20.00M ▲$10.00M ▼$20.00M ▲$10.00M ▼
Aftermarket Products and Services APS Segment
Aftermarket Products and Services APS Segment
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
All Others Segment
All Others Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Ball Bonding Equipment Segment
Ball Bonding Equipment Segment
 $90.00M ▲$100.00M ▲$70.00M ▼$80.00M ▲
Wedge Bonding Equipment Segment
Wedge Bonding Equipment Segment
 $30.00M ▲$30.00M ▲$40.00M ▲$20.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down sharply from the peak of the last cycle and is now around half of what it was at the high point. Profitability followed the same pattern: very strong earnings in 2021–2022, then a big step down, with only modest profit in 2023 and a small loss most recently. This is classic semiconductor equipment cyclicality amplified by product exits and re‑mix. Gross margins are still respectable but clearly under pressure versus prior years, and the negative operating and net income in the latest year show that fixed costs weigh more heavily when volumes are low. Overall, the income statement reflects a well‑established cyclical business currently in a down phase rather than a structurally broken one, but near‑term earnings power is weak compared with recent history.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. The company holds a solid cash position and carries very little debt, so it appears to be in a net cash state. Total assets and equity have drifted down slightly from prior peaks but remain robust, suggesting no sign of balance‑sheet stress. This gives the company flexibility to keep investing through the downturn, withstand volatility in orders, and potentially pursue selective acquisitions or strategic shifts without overreliance on borrowing.

Cash Flow

Cash Flow Even in the recent weaker environment, the business has continued to generate positive operating cash flow, though at much lower levels than during the boom years. Capital spending remains modest and disciplined, so free cash flow has stayed positive, again well below prior peaks but still in the black. This pattern indicates that the core business throws off cash even when earnings dip, which helps support ongoing R&D, restructuring, and shareholder returns through the cycle.

Competitive Edge

Competitive Edge Kulicke & Soffa operates in a niche but critical part of the semiconductor value chain, focused on assembly and packaging equipment. Its long history, strong installed base, and deep relationships with leading chip makers and OSATs are important strengths. Customers face high switching costs once tools are qualified, which supports recurring demand and service revenue. The company competes with other specialized equipment makers, but its scale, global service footprint across Asia, and reputation for reliability give it a meaningful, if not unassailable, competitive edge. The main risk is that technology transitions in packaging are fast and unforgiving, so maintaining this position depends on staying at the leading edge of process needs for AI, power devices, and advanced packaging.

Innovation and R&D

Innovation and R&D Innovation is a clear centerpiece of the strategy. The company has built a broad portfolio around advanced packaging, including thermo‑compression bonding platforms for high‑performance and AI chips, mini and micro LED placement solutions, and modern wire‑bonding and power‑device tools. Strategic acquisitions have added laser‑based die transfer and precision dispensing capabilities, widening its toolkit for next‑generation displays and electronics. Software and factory‑automation offerings further embed KLIC in customers’ workflows. The decision to exit lower‑priority electronics assembly and focus R&D on core semiconductor, advanced packaging, display, and battery‑related solutions underscores a deliberate push toward higher‑growth, higher‑value segments—but also concentrates execution risk in fewer, more advanced technology bets.

Summary

Kulicke & Soffa is a mature semiconductor equipment company navigating a cyclical downturn. Financially, revenue and earnings have fallen sharply from recent highs, even turning slightly negative at the bottom of the cycle, but the firm still generates cash and carries a strong, low‑debt balance sheet. That combination provides staying power. Competitively, it benefits from decades of process know‑how, entrenched customer relationships, and a solid presence in advanced packaging and display technologies. Its innovation agenda—particularly in thermo‑compression bonding, mini/micro LED, power semiconductors, and emerging battery assembly—targets meaningful long‑term industry trends like AI, electrification, and advanced displays. The key question looking ahead is not whether the company is financially sound—it appears to be—but how effectively and how quickly it can convert its technology roadmap and strategic focus into renewed, more stable growth as the semiconductor cycle turns up again.

NEWS

November 19, 2025 · 4:05 PM UTC

Kulicke & Soffa Reports Fourth Quarter 2025 Results

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October 28, 2025 · 5:05 PM UTC

Kulicke & Soffa Schedules Fourth Quarter 2025 Conference Call for 8:00 AM ET, November 20th, 2025

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October 14, 2025 · 5:30 PM UTC

Kulicke and Soffa Industries, Inc. Announces the Retirement of Executive Vice President & General Manager, K&S Products & Solutions

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September 9, 2025 · 9:05 AM UTC

Kulicke & Soffa Unveils ACELON™ - A Revolutionary High-Performance Dispenser for Advanced Manufacturing Applications

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