Kulicke & Soffa

Kulicke & Soffa (KLIC) Q2 2025 Earnings

Reported May 6, 2025 at 4:05 PM ET · SEC Source

Q2 25 EPS

$-0.52

MISS 370.83%

Est. $0.19

Q2 25 Revenue

$162.0M

MISS 1.89%

Est. $165.1M

vs S&P Since Q2 25

+320.7%

BEATING MARKET

KLIC +353.8% vs S&P +33.1%

Market Reaction

Did KLIC Beat Earnings? Q2 2025 Results

Kulicke & Soffa delivered a deeply disappointing fiscal second quarter, missing on both the top and bottom lines as a landmark strategic decision overwhelmed its financial results. The semiconductor packaging equipment maker posted a non-GAAP loss of… Read more Kulicke & Soffa delivered a deeply disappointing fiscal second quarter, missing on both the top and bottom lines as a landmark strategic decision overwhelmed its financial results. The semiconductor packaging equipment maker posted a non-GAAP loss of $0.52 per diluted share, a stark 370.83% miss against the $0.19 consensus estimate, while revenue of $161.99 million fell 1.89% short of expectations and declined 5.9% year-over-year. The primary culprit was the Board-approved cessation of its Electronics Assembly equipment business, which triggered approximately $86.60 million in pre-tax charges, including $39.82 million in impairments, compressing gross margin to 24.9% and driving non-GAAP operating margin to negative 16.9%. Despite the turbulence, cash generation proved resilient, with operating cash flow reaching $79.88 million and the company holding $581.52 million in liquidity. Looking ahead, K&S guided Q3 revenue to approximately $145 million, with non-GAAP EPS of roughly $0.05, signaling a return to slim profitability as the restructured, semiconductor-focused portfolio takes shape.

Key Takeaways

  • Cautious order activity in certain Southeast Asia markets
  • Pre-tax charges of approximately $86.6 million related to intended cessation of Electronics Assembly equipment business
  • Impairment charges of $39.8 million during the quarter
  • Restructuring charges of $8.8 million
  • Strong operating cash flow of $79.9 million despite net loss
24/7 Wall St

KLIC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

“We recently experienced more cautious order activity unique to certain Southeast Asia markets. Despite this near-term regional dynamic, we continue to support our global customer base, see positive core-market utilization data and remain well prepared to accelerate growth through Vertical Wire, Power-Semiconductor, Advanced Dispense and Thermo-Compression technology transitions.”

— Fusen Chen, Q2 2025 Earnings Press Release