KLIC - Kulicke and Soffa beats Q2 top and bottom line estimates; initiates Q3 outlook

2023-05-03 16:22:29 ET

• Kulicke and Soffa press release ( NASDAQ: KLIC ): Q2 Non-GAAP EPS of $0.38 beats by $0.12 .
• Revenue of $173M (-55.0% Y/Y) beats by $1.99M .
• Gross margin of 48.6%.
• GAAP cash from operations of $86.9 million; Adjusted free cash flow of $62.7 million.
• Cash, cash equivalents, and short-term investments were $734.1 million as of April 1, 2023.
• Third Quarter Fiscal 2023 Outlook : The Company currently expects net revenue in the third fiscal quarter of 2023 ending July 1, 2023 to be approximately $190 +/- $20 million vs. consensus of $208.66M, GAAP EPS to be approximately $0.23 +/- 10%, and non-GAAP EPS to be approximately $0.32 +/- 10% vs. consensus of $0.45.

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