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Earnings analysis · 10-Q

KLIC earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

Kulicke & Soffa Industries, Inc. reported strong Q2 2026 results with net revenues of $242.6 million and diluted EPS of $0.66, both significantly exceeding consensus estimates. The results reflect improvements in gross…

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Kulicke & Soffa Industries, Inc. reported strong Q2 2026 results with net revenues of $242.6 million and diluted EPS of $0.66, both significantly exceeding consensus estimates. The results reflect improvements in gross margins and operational efficiency amidst ongoing macroeconomic challenges. Management expressed optimism for Q3 performance despite anticipated volatility in demand and costs associated with the winding down of its Electronics Assembly equipment business.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

50% Gross margin Operating margin Feb 2023 May 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $51 Operating expenses $33 Left as operating profit $16

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Feb 2023 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$0.66
Segment
Ball Bonding Equipment
Segment
Wedge Bonding Equipment
Segment
Advanced Solutions
Segment
APS
Segment
All Others

What stood out

  • Strong Revenue and EPS Growth

    Q2 2026 generated revenue of $242.6 million, up 49.8% from Q2 2025's $162 million, with EPS rising to $0.66 from a loss of $1.59.

  • Improved Gross Margin

    Gross margin surged to 49.3% in Q2 2026, an increase from 24.9% in Q2 2025, underscoring stronger pricing and lower operational costs.

  • Debt Reduction

    Total liabilities decreased to $328.4 million from $282.9 million as of October 4, 2025.

  • Substantial Cash Increase

    Cash equivalents increased by $122.2 million to $337.9 million from $215.7 million as of October 4, 2025.

  • Segment Performance

    Ball Bonding Equipment revenue soared 141.7% to $160.2 million, contributing 66.0% to total revenue, while Wedge Bonding Equipment fell 63.9% to $13.1 million.

  • Positive Cash Flow

    Q2 2026 achieved $1.3 million in operating cash flow despite a $145 million decrease in short-term investments.

What to watch

  • Macro Economic Headwinds

    Management indicated increasing risks from geopolitical tensions and inflation, which could impact future demand and cost structures.

  • Electronics Assembly Business Cessation

    The winding down of the EA equipment business may continue to affect financials, with potential future costs related to employee severance.

  • Volatility in Semiconductor Market

    Ongoing fluctuations in semiconductor demand and potential sluggishness in capital spending could adversely impact revenue.

Management's outlook

Management anticipates Q3 2026 revenue of approximately $310 million, plus or minus $20 million, and GAAP EPS of about $0.87, plus or minus 10%.

Earlier filings 4

10-Q · August 6, 2025

Kulicke & Soffa reported a quarter characterized by declining revenue and margins. Net revenue decreased to $148.413 million, representing a 16.9% decline year-over-year, while gross profit saw a drop to $69.243…

10-Q · May 7, 2025

Kulicke & Soffa reported net revenue of $161.986M for the quarter ended March 29, 2025, down modestly from the prior quarter but below the prior-year quarter. The quarter included significant non-cash charges tied to a…

10-K · November 14, 2024

Kulicke & Soffa (K&S) emphasizes technology leadership in bonding and advanced packaging (RAPID Pro, APTURA, LUMINEX) and is focused on mitigating semiconductor-cycle volatility through R&D, aftermarket services and…

10-Q · August 7, 2024

Kulicke & Soffa reported net revenue of $181,650 (three months ended June 29, 2024) vs $190,917 in the prior-year quarter, with gross profit of $84,730 and operating income of $8,277 (improving from an operating loss of…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.