Kulicke & Soffa Reports Second Quarter 2026 Results

Kulicke & Soffa (NASDAQ: KLIC) reported fiscal Q2 2026 results for the quarter ended April 4, 2026: net revenue $242.6M, GAAP net income $35.1M (GAAP diluted EPS $0.66) and non-GAAP net income $42.1M (non-GAAP diluted EPS $0.79).

Rhea-AI Summary

Kulicke & Soffa (NASDAQ: KLIC) reported fiscal Q2 2026 results for the quarter ended April 4, 2026: net revenue $242.6M, GAAP net income $35.1M (GAAP diluted EPS $0.66) and non-GAAP net income $42.1M (non-GAAP diluted EPS $0.79).

Gross margin was 49.3%. Management said capex will rise from ~$12M to ~$22M in FY2026 to expand Thermo-Compression bonding production, supporting up to ~$400M of annual TCB system sales. Q3 revenue outlook: ~$310M ±$20M.

Positive

• Net revenue increased to $242.6M (Q2 2026)
• Gross margin improved to 49.3% in Q2 2026
• GAAP net income of $35.1M; GAAP EPS $0.66
• Planned FY2026 capex rising to ~$22M
• Company guidance: Q3 revenue ~$310M ±$20M

Negative

• Inventories rose to $206.3M as of April 4, 2026
• Short-term investments declined to $150.0M from $295.0M
• Operating expenses still elevated at $81.1M in Q2

Argus May 7 session

+4.66% close to close Open Argus

Details

News Market Reaction – KLIC

On May 7, the first trading day after this news, KLIC closed 4.66% above the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Key Figures

Net revenue: $242.6M GAAP EPS: $0.66 Non-GAAP EPS: $0.79 +5 more

Net revenue

$242.6M

Fiscal Q2 2026

GAAP EPS

$0.66

Fiscal Q2 2026 diluted EPS

Non-GAAP EPS

$0.79

Fiscal Q2 2026 diluted EPS

Gross margin

49.3%

Fiscal Q2 2026

Net income

$35.1M

Fiscal Q2 2026 GAAP net income

Q3 revenue outlook

$310M ±$20M

Fiscal Q3 2026 net revenue guidance

Q3 GAAP EPS outlook

$0.87 ±10%

Fiscal Q3 2026 diluted EPS guidance

Q3 non-GAAP EPS outlook

$1.00 ±10%

Fiscal Q3 2026 diluted EPS guidance

Previous Earnings Reports

5 past events · Latest: Feb 04

Same Type 5 events

1. Feb 04

   Q1 2026 earnings

   24h Move

   +19.3%

   Returned to solid profitability with higher revenue and positive Q2 2026 guidance.

2. Nov 19

   Q4 2025 earnings

   24h Move

   +10.6%

   Reported FY2025 profit, strong cash and sizable buybacks with FY2026 outlook.

3. Aug 06

   Q3 2025 earnings

   24h Move

   +8.9%

   Revenue decline and net loss, yet shares rose despite operational headwinds.

4. May 06

   Q2 2025 earnings

   24h Move

   -2.8%

   Large loss driven by cessation charges for Electronics Assembly business.

5. Feb 04

   Q1 2025 earnings

   24h Move

   -0.0%

   Strong margins and profit despite modest revenue decline and heavy buybacks.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-GAAP, thermo-compression bonding, adjusted free cash flow, equity-based compensation, +3 more

7 terms

non-GAAP financial

"this press release also contains the following non-GAAP financial results: income from operations..."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

thermo-compression bonding technical

"expand the Company's production of its Thermo-Compression bonding ("TCB") systems..."

Thermo-compression bonding is a manufacturing process that joins two metal surfaces by applying heat and pressure so they fuse together without added glue or liquid solder; think of it as using a hot press to weld tiny parts at the microscopic level. For investors, it matters because it affects how reliably and cheaply electronic components and sensors can be made, influencing product quality, production yield, and the speed and cost of bringing devices to market.

adjusted free cash flow financial

"GAAP cash flow from operations of $10.3 million; Adjusted free cash flow of $6.3 million."

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

equity-based compensation financial

"costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs..."

Equity-based compensation is pay given to employees or contractors in the form of company ownership—such as stock, stock options, or restricted shares—instead of or in addition to cash. It matters to investors because it aligns workers’ interests with shareholders (like giving employees a slice of the company pie), but can also dilute existing owners and appears as a real cost on financial statements, affecting earnings and share value.

operating margin financial

"this press release also contains the following non-GAAP financial results: income from operations, operating margin, net income..."

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

View in glossary

right-of-use assets financial

"Operating right-of-use assets | 33,921 | | 32,193"

Right-of-use assets are the rights a company gains to use a physical space or equipment under a lease agreement. They are recorded as assets on the company's balance sheet, reflecting the value of future benefits from the leased item. For investors, these assets provide a clearer picture of a company's obligations and resources related to leasing arrangements, helping to assess its financial health and operational commitments.

cash flow from operations financial

"GAAP cash flow from operations of $10.3 million; Adjusted free cash flow of $6.3 million."

Cash flow from operations is the money a company actually generates from its core business activities—sales, services and day-to-day operations—after paying routine costs like wages and suppliers. Investors watch it like a company’s operating “paycheck” because it shows whether the business can fund growth, pay debts and return cash to shareholders without relying on loans or one-time asset sales; steady positive cash flow is a sign of financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

Quarterly Results
	Fiscal Q2 2026	Fiscal Q2 2025	Fiscal Q1 2026
Net Revenue (in thousands)	$242,621	$161,986	$199,625
GAAP EPS – Diluted	$0.66	$(1.59)	$0.32
Non GAAP EPS - Diluted	$0.79	$(0.52)	$0.44

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, 2026, beginning at 8:00 am ET. The live webcast link, supplemental earnings presentation, and archived webcast will be available at investor.kns.com. To access the audio-only portion of the live webcast, parties may call +1-877-407-8037, or internationally, +1-201-689-8037.

An audio-only replay of the webcast will also be available approximately one hour after the completion of the live call by calling +1-877-660-6853, or internationally, +1-201-612-7415 and referencing access code 13757797.

Use of Non-GAAP Financial Results
In addition to U.S. GAAP ("GAAP") results, this press release also contains the following non-GAAP financial results: income from operations, operating margin, net income, net margin, net income per fully diluted share and adjusted free cash flow. The Company's non-GAAP results exclude amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, impairment relating to equity investments, income tax expense/benefit arising from discrete tax items triggered by acquisition, disposal of business (both via a sale or an abandonment), restructuring and significant changes in tax laws, gain/loss on disposal of business, as well as tax benefits or expenses associated with the foregoing non-GAAP items. The non-GAAP adjustments may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. These non-GAAP measures are consistent with the way management analyzes and assesses the Company's operating results. The Company believes these non-GAAP measures enhance investors' understanding of the Company's underlying operational performance, as well as their ability to compare the Company's period-to-period financial results and the Company's overall performance to that of its competitors.

Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on the Company's reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure discussed in this press release is contained in the financial tables at the end of this press release.

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.

Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, failures or delays in completing the Company's cessation of its Electronics Assembly equipment business, the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new products, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contact:

Kulicke and Soffa Industries, Inc.
Joseph Elgindy
Finance
P: +1-215-784-7518

KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited)
	Three months ended				Six months ended
	April 4, 2026		March 29, 2025		April 4, 2026		March 29, 2025
Net revenue	$        242,621		$        161,986		$      442,246		$        328,110
Cost of sales	122,917		121,602		223,587		200,642
Gross profit	119,704		40,384		218,659		127,468
Selling, general and administrative	42,742		48,014		83,501		86,628
Research and development	38,396		37,220		78,772		75,028
Gain relating to cessation of business	—		—		—		(75,987)
Impairment charges	—		39,817		—		39,817
Operating expenses	81,138		125,051		162,273		125,486
Income / (Loss) from operations	38,566		(84,667)		56,386		1,982
Interest income	3,980		5,622		8,739		11,974
Interest expense	(37)		(36)		(77)		(63)
Income / (Loss) before income taxes	42,509		(79,081)		65,048		13,893
Provision for income taxes	7,361		5,438		13,104		16,770
Net income / (loss)	$         35,148		$        (84,519)		$       51,944		$          (2,877)
Net income / (loss) per share:
Basic	$            0.67		$           (1.59)		$          0.99		$            (0.05)
Diluted	$            0.66		$           (1.59)		$          0.98		$            (0.05)
Cash dividends declared per share	$          0.205		$           0.205		$          0.41		$             0.41
Weighted average shares outstanding:
Basic	52,327		53,311		52,323		53,551
Diluted	53,121		53,311		52,963		53,551

 

KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (In thousands) (Unaudited)
	As of
	April 4, 2026		October 4, 2025
ASSETS
Current assets
Cash and cash equivalents	$           337,864		$                215,708
Short-term investments	150,000		295,000
Accounts and other receivable, net	255,610		183,538
Inventories, net	206,294		160,225
Prepaid expenses and other current assets	32,549		47,064
Total current assets	982,317		901,535
Property, plant and equipment, net	57,924		58,993
Operating right-of-use assets	33,921		32,193
Goodwill	69,522		69,522
Intangible assets, net	4,984		5,600
Deferred tax assets	16,144		16,109
Equity investments	7,881		6,978
Investment in debt securities	10,000		10,000
Other assets	3,291		3,412
TOTAL ASSETS	$         1,185,984		$             1,104,342
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable	$             85,445		$                 57,178
Operating lease liabilities	6,192		6,178
Accrued expenses and other current liabilities	119,230		97,786
Income taxes payable	22,653		27,029
Total current liabilities	233,520		188,171
Deferred tax liabilities	34,892		35,533
Income taxes payable	17,289		16,580
Operating lease liabilities	33,594		32,372
Other liabilities	9,143		10,195
TOTAL LIABILITIES	$           328,438		$                282,851
SHAREHOLDERS' EQUITY
Common stock, without par value	627,269		620,043
Treasury stock, at cost	(976,253)		(974,202)
Retained earnings	1,229,990		1,199,500
Accumulated other comprehensive loss	(23,460)		(23,850)
TOTAL SHAREHOLDERS' EQUITY	$           857,546		$                821,491
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$        1,185,984		$             1,104,342

 

KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)
	Three months ended				Six months ended
(in thousands)	April 4, 2026		March 29, 2025		April 4, 2026		March 29, 2025
Net cash provided by operating activities	$        10,271		$         79,877		$         1,338		$          98,779
Net cash provided by/(used in) investing activities	45,368		(38,415)		138,693		43,624
Net cash used in financing activities	(283)		(33,506)		(18,171)		(81,958)
Effect of exchange rate changes on cash and cash equivalents	380		238		296		(1,073)
Changes in cash and cash equivalents	55,736		8,194		122,156		59,372
Cash and cash equivalents, beginning of period	282,128		278,325		215,708		227,147
Cash and cash equivalents, end of period	$       337,864		$        286,519		$      337,864		$        286,519
Short-term investments	150,000		295,000		150,000		295,000
Total cash, cash equivalents and short-term investments	$       487,864		$        581,519		$      487,864		$        581,519

 

Reconciliation of U.S. GAAP  to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited)
		Three months ended
		April 4, 2026		March 29, 2025		January 3, 2026
Net revenue		$    242,621		$      161,986		$     199,625
U.S. GAAP income / (loss) from operations		38,566		(84,667)		17,820
U.S. GAAP operating margin		15.9 %		(52.3) %		8.9 %
Pre-tax non-GAAP items:
Amortization related to intangible assets		307		1,171		308
Restructuring		418		8,806		1,997
Equity-based compensation		6,991		7,493		5,330
Impairment charges		—		39,817		—
Other income – escrow release on sale of subsidiary		—		—		(304)
Non-GAAP income / (loss) from operations		$      46,282		$      (27,380)		$      25,151
Non-GAAP operating margin		19.1 %		(16.9) %		12.6 %

 

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited)
		Three months ended
		April 4, 2026		March 29, 2025		January 3, 2026
Net revenue		$    242,621		$    161,986		$    199,625
U.S. GAAP net income / (loss)		35,148		(84,519)		16,796
U.S. GAAP net margin		14.5 %		(52.2) %		8.4 %
Non-GAAP adjustments:
Amortization related to intangible assets		307		1,171		308
Restructuring		418		8,806		1,997
Equity-based compensation		6,991		7,493		5,330
Impairment charges		—		39,817		—
Other income – escrow release on sale of subsidiary		—		—		(304)
Net income tax benefit on non-GAAP items		(728)		(639)		(986)
Total non-GAAP adjustments		$       6,988		$      56,648		$       6,345
Non-GAAP net income / (loss)		$     42,136		$     (27,871)		$     23,141
Non-GAAP net margin		17.4 %		(17.2) %		11.6 %
U.S. GAAP net income / (loss) per share:
Basic		$         0.67		$        (1.59)		$         0.32
Diluted(a)		$         0.66		$        (1.59)		$         0.32
Non-GAAP adjustments per share:(b)
Basic		$         0.14		$         1.07		$         0.12
Diluted		$         0.13		$         1.07		$         0.12
Non-GAAP net income / (loss) per share:
Basic		$         0.81		$        (0.52)		$         0.44
Diluted(c)		$         0.79		$        (0.52)		$         0.44
Weighted average shares outstanding:
Basic		52,327		53,311		52,319
Diluted		53,121		53,311		52,521

(a)	GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive.
(b)	Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, gain relating to business cessation or disposal, and income tax effects associated with the foregoing non-GAAP items.
(c)	Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive.

 

Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow (In thousands, except percentages) (unaudited)
		Three months ended
		April 4, 2026		March 29, 2025		January 3, 2026
U.S. GAAP net cash provided by / (used in) operating activities		$         10,271		$         79,877		$          (8,933)
Purchases of property, plant and equipment		(4,077)		(1,954)		(2,676)
Proceeds from sales of property, plant and equipment		74		60		1
Non-GAAP adjusted free cash flow		$           6,268		$         77,983		$        (11,608)

 

Reconciliation of U.S. GAAP to Non-GAAP Outlook (In millions, except per share data) (Unaudited)
		Third quarter of fiscal 2026 ending July 4, 2026
		GAAP Outlook		Adjustments		Non-GAAP Outlook
Net revenue		$310 million +/- $20 million		—		$310 million +/- $20 million
Operating expenses		$92.4 million +/- 2%		$7.4 million B,C,D		$85.0 million +/- 2%
Diluted EPS(1)		$0.87 +/- 10%		$0.13 A - E		$1.00 +/- 10%

Non-GAAP Adjustments
A. Equity-based compensation - Cost of sales		0.4
B. Equity-based compensation - Selling, general and administrative and Research and development		6.6
C. Amortization related to intangible assets		0.3
D. Restructuring expenses		0.5
E. Net income tax effect of the above items		(0.7)

(1) GAAP and non-GAAP diluted EPS based on approximately 53.0 million diluted weighted average shares outstanding.

The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, unannounced restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.

View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-reports-second-quarter-2026-results-302764352.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Kulicke & Soffa (KLIC) Q2 2026 earnings per share and revenue?

KLIC reported Q2 2026 revenue $242.6M and GAAP diluted EPS of $0.66. According to the company, non-GAAP diluted EPS was $0.79, with detailed reconciliations in the financial tables.

How much is Kulicke & Soffa increasing capital expenditures in FY2026 (KLIC)?

Kulicke & Soffa expects FY2026 capex to rise to approximately $22M from ~$12M. According to the company, the incremental investment expands Thermo-Compression bonding production capacity.

What guidance did KLIC give for fiscal Q3 2026 revenue and EPS?

KLIC expects Q3 fiscal 2026 revenue of approximately $310M ± $20M. According to the company, GAAP diluted EPS is ~$0.87 ±10% and non-GAAP diluted EPS is ~$1.00 ±10%.

How strong is Kulicke & Soffa's cash position after Q2 2026 (KLIC)?

Cash and cash equivalents were $337.9M at April 4, 2026; total cash plus short-term investments was $487.9M. According to the company, cash increased versus the prior fiscal year-end.

Why does KLIC report both GAAP and non-GAAP net income for Q2 2026?

KLIC presents non-GAAP measures excluding items like amortization, restructuring, and equity-based compensation. According to the company, these metrics supplement GAAP results to show underlying operating performance.

What operational risks did Kulicke & Soffa highlight in the Q2 2026 release (KLIC)?

The company cautioned about macroeconomic headwinds, potential delays in business cessation, inflationary pressures, and product development risks. According to the company, these factors could materially affect future results.