株探米国株
日本語 英語
エドガーで原本を確認する
KULICKE & SOFFA INDUSTRIES INC0000056978falseSingapore00000569782025-11-192025-11-190000056978dei:OtherAddressMember2025-11-192025-11-19

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
____________________________________________________

FORM 8-K
____________________________________________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): November 19, 2025
____________________________________________________
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact name of registrant as specified in its charter) 
 ____________________________________________________ 
Pennsylvania   000-00121   23-1498399
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 
 23A Serangoon North Avenue 5, #01-01, Singapore 554369
1005 Virginia Dr., Fort Washington, PA 19034
(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: (215) 784-6000  
N/A
(Former Name or Former Address, if Changed Since Last Report)
____________________________________________________
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, Without Par Value KLIC The Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02     Results of Operations and Financial Condition.
On November 19, 2025, Kulicke and Soffa Industries, Inc. (the “Company”) issued a press release with respect to its financial results for its fourth fiscal quarter ended October 4, 2025. A copy of this press release is furnished as Exhibit 99.1 to this report, and is incorporated by reference into this Item 2.02 as if fully set forth herein.
The information in this report, furnished under “Item 2.02 Results of Operations and Financial Condition,” shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1
104 Inline XBRL for the cover page of this Current Report on Form 8‑K.




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
KULICKE AND SOFFA INDUSTRIES, INC.
       
Date: November 19, 2025 By: /s/ LESTER WONG  
  Name: Lester Wong  
  Title: Executive Vice President, Interim Chief Executive Officer and Chief Financial Officer
(principal executive officer, principal financial officer and principal accounting officer)
     


EX-99.1 2 ex991liveq42025.htm EX-99.1 Document

Exhibit 99.1
logoa02a01a01a48.jpg
Kulicke & Soffa Pte. Ltd.
23A Serangoon North Ave 5
Singapore 554369
+65 6880-9600 main
Co. Regn. No. 199902120H
Kulicke and Soffa Industries, Inc.
1005 Virginia Drive
Fort Washington, PA 19034 USA
+1-215-784-6000 main
www.kns.com
 
Kulicke & Soffa Reports Fourth Quarter 2025 Results

Singapore – November 19, 2025 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S,” “our,” or the “Company”), today announced financial results of its fourth fiscal quarter ended October 4, 2025. The Company reported fourth quarter net revenue of $177.6 million, net income of $6.4 million, representing EPS of $0.12 per fully diluted share, and non-GAAP net income of $14.9 million, representing non-GAAP EPS of $0.28 per fully diluted share.
Quarterly Results
Fiscal Q4 2025 Fiscal Q4 2024 Fiscal Q3 2025
Net Revenue $ 177,558  $ 181,319  $ 148,413 
GAAP EPS – Diluted $ 0.12  $ 0.22  $ (0.06)
Non GAAP EPS - Diluted $ 0.28  $ 0.34  $ 0.07 
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, “We continue to focus on multiple technology engagements and are increasingly encouraged by improving end market dynamics and order activity. Our global operations and supply chain teams are preparing for increased customer demand over the coming quarters.”
Fiscal Year 2025 Financial Highlights
•Net revenue of $654.1 million.    
•Gross margin of 42.5%.
•Net income of $0.2 million or $0.004 per fully diluted share; non-GAAP net income of $11.0 million or $0.21 per fully diluted share.
•GAAP cash from operations of $113.6 million; Adjusted free cash flow of $96.6 million.
•The Company repurchased a total of 2.4 million shares of common stock at a cost of $96.5 million.
•Cash, cash equivalents, and short-term investments were $510.7 million as of October 4, 2025.

Fourth Quarter Fiscal 2025 Financial Highlights
•Net revenue of $177.6 million.
•Gross margin of 45.7%.
•Net income of $6.4 million or $0.12 per share; non-GAAP net income of $14.9 million or $0.28 per fully diluted share.
•GAAP cash flow from operations of $7.4 million; Adjusted free cash flow of $4.4 million.
•The Company repurchased a total of 0.5 million shares of common stock at a cost of $16.7 million.
1


First Quarter Fiscal 2026 Outlook
K&S currently expects net revenue in the first quarter of fiscal 2026 ending January 3, 2026 to be approximately $190 million +/- $10 million, GAAP diluted EPS to be approximately $0.18 +/- 10%, and non-GAAP diluted EPS to be approximately $0.33 +/- 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 November 20, 2025, 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 13750876.
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.

2


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 advanced display 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, delays or other problems arising from the negotiations with the applicable works council or trade unions; failures, delays or other problems arising from regulatory or judicial review of the activities concerning 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 September 28, 2024, filed on November 14, 2024, 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
3


KULICKE AND SOFFA INDUSTRIES, INC.
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three months ended Twelve months ended
October 4, 2025 September 28, 2024 October 4, 2025 September 28, 2024
Net revenue $ 177,558  $ 181,319  $ 654,081  $ 706,232 
Cost of sales 96,348  93,662  376,160  437,478 
Gross profit 81,210  87,657  277,921  268,754 
Selling, general and administrative 41,475  46,205  167,699  165,564 
Research and development 38,847  38,763  149,616  151,214 
Gain relating to cessation of business —  —  (75,987) — 
Impairment charges —  —  39,817  44,472 
Operating expenses 80,322  84,968  281,145  361,250 
Income / (Loss) from operations 888  2,689  (3,224) (92,496)
Interest income 5,852  7,423  23,834  34,230 
Interest expense (39) (29) (134) (89)
Income / (Loss) before income taxes 6,701  10,083  20,476  (58,355)
Provision for income taxes 322  (2,034) 20,263  10,651 
Net income / (loss) $ 6,379  $ 12,117  $ 213  $ (69,006)
Net income / (loss) per share:
Basic $ 0.12  $ 0.22  $ 0.004  $ (1.24)
Diluted $ 0.12  $ 0.22  $ 0.004  $ (1.24)
Cash dividends declared per share $ 0.205  $ 0.200  $ 0.820  $ 0.800 
Weighted average shares outstanding:
Basic 52,093  54,368  52,955  55,613 
Diluted 52,464  54,871  53,193  55,613 



4


KULICKE AND SOFFA INDUSTRIES, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(In thousands)
(Unaudited)
As of
October 4, 2025 September 28, 2024
ASSETS
Current assets
Cash and cash equivalents $ 215,708  $ 227,147 
Short-term investments 295,000  350,000 
Accounts and other receivable, net of allowance for doubtful accounts of $ - and $49, respectively 183,538  193,909 
Inventories, net 160,225  177,736 
Prepaid expenses and other current assets 47,064  46,161 
Total current assets 901,535  994,953 
Property, plant and equipment, net 58,993  64,823 
Operating right-of-use assets 32,193  35,923 
Goodwill 69,522  89,748 
Intangible assets, net 5,600  25,239 
Deferred tax assets 16,109  17,900 
Equity investments 6,978  3,143 
Investment in debt securities 10,000  — 
Other assets 3,412  8,433 
TOTAL ASSETS $ 1,104,342  $ 1,240,162 
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 57,178  $ 58,847 
Operating lease liabilities 6,178  7,718 
Accrued expenses and other current liabilities 97,786  90,802 
Income taxes payable 27,029  26,427 
Total current liabilities 188,171  183,794 
Deferred tax liabilities 35,533  34,594 
Income taxes payable 16,580  31,352 
Operating lease liabilities 32,372  33,245 
Other liabilities 10,195  13,168 
TOTAL LIABILITIES $ 282,851  $ 296,153 
SHAREHOLDERS' EQUITY
Common stock, without par value 620,043  596,703 
Treasury stock, at cost (974,202) (881,830)
Retained earnings 1,199,500  1,242,558 
Accumulated other comprehensive loss (23,850) (13,422)
TOTAL SHAREHOLDERS' EQUITY $ 821,491  $ 944,009 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,104,342  $ 1,240,162 
5


KULICKE AND SOFFA INDUSTRIES, INC.
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Three months ended Twelve months ended
(in thousands) October 4, 2025 September 28, 2024 October 4, 2025 September 28, 2024
Net cash provided by operating activities $ 7,406  $ 31,619  $ 113,565  $ 31,037 
Net cash provided by / (used in) investing activities 1,502  (117,983) 27,663  (138,501)
Net cash used in financing activities (38,508) (54,371) (153,072) (196,100)
Effect of exchange rate changes on cash and cash equivalents (1,173) 965  405  1,309 
Changes in cash and cash equivalents (30,773) (139,770) (11,439) (302,255)
Cash and cash equivalents, beginning of period 246,481  366,917  227,147  529,402 
Cash and cash equivalents, end of period $ 215,708  $ 227,147  $ 215,708  $ 227,147 
Short-term investments 295,000  350,000  295,000  350,000 
Total cash, cash equivalents and short-term investments $ 510,708  $ 577,147  $ 510,708  $ 577,147 


6


Reconciliation of U.S. GAAP
to Non-GAAP Income from Operations and Operating Margin
(In thousands, except percentages)
(Unaudited)
Three months ended
October 4, 2025 September 28, 2024 June 28,
2025
Net revenue $ 177,558  $ 181,319  $ 148,413 
U.S. GAAP income / (loss) from operations 888  2,689  (6,094)
U.S. GAAP operating margin 0.5  % 1.5  % (4.1) %
Pre-tax non-GAAP items:
Amortization related to intangible assets 308  1,266  308 
Restructuring 2,797  2,294  287 
Equity-based compensation 7,800  6,439  7,092 
Non-GAAP income from operations $ 11,793  $ 12,688  $ 1,593 
Non-GAAP operating margin 6.6  % 7.0  % 1.1  %

7


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)
Twelve months ended Three months ended
October 4, 2025 October 4, 2025 September 28, 2024 June 28,
2025
Net revenue $ 654,081  $ 177,558  $ 181,319  $ 148,413 
U.S. GAAP net income / (loss) 213  6,379  12,117  (3,289)
U.S. GAAP net margin 0.03  % 3.6  % 6.7  % (2.2) %
Non-GAAP adjustments:
Amortization related to intangible assets 3,033  308  1,266  308 
Restructuring 12,719  2,797  2,294  287 
Equity-based compensation 28,526  7,800  6,439  7,092 
Impairment charges 39,817  —  —  — 
Gain relating to cessation of business (75,987) —  —  — 
Income tax benefit - US one-time transition tax —  —  (6,461) — 
Net income tax expense / (benefit) on non-GAAP items 2,673  (2,411) 2,866  (626)
Total non-GAAP adjustments $ 10,781  $ 8,494  $ 6,404  $ 7,061 
Non-GAAP net income $ 10,994  $ 14,873  $ 18,521  $ 3,772 
Non-GAAP net margin 1.7  % 8.4  % 10.2  % 2.5  %
U.S. GAAP net per share:
Basic $ 0.004  $ 0.12  $ 0.22  $ (0.06)
Diluted(a)
$ 0.004  $ 0.12  $ 0.22  $ (0.06)
Non-GAAP adjustments per share:(b)
Basic $ 0.206  $ 0.16  $ 0.12  $ 0.13 
Diluted $ 0.206  $ 0.16  $ 0.12  $ 0.13 
Non-GAAP net income per share:
Basic $ 0.21  $ 0.28  $ 0.34  $ 0.07 
Diluted(c)
$ 0.21  $ 0.28  $ 0.34  $ 0.07 
Weighted average shares outstanding:
Basic 52,955  52,093  54,368  52,692 
Diluted 53,193  52,464  54,871  52,866 
(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 disposal or cessation of business, 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.
8


Reconciliation of U.S. GAAP Cash provided by Operating Activities
to Non-GAAP Adjusted Free Cash Flow
(In thousands, except percentages)
(unaudited)

Twelve months ended Three months ended
October 4, 2025 October 4, 2025 September 28, 2024 June 28,
2025
U.S. GAAP net cash provided by operating activities $ 113,565  $ 7,406  $ 31,619  $ 7,380 
Purchases of property, plant and equipment (17,203) (2,957) (2,468) (2,090)
Proceeds from sales of property, plant and equipment 207  —  27  147 
Non-GAAP adjusted free cash flow 96,569  $ 4,449  $ 29,178  $ 5,437 
9


Reconciliation of U.S. GAAP to Non-GAAP Outlook
(In millions, except per share data)
(Unaudited)

First quarter of fiscal 2026 ending January 3, 2026
GAAP Outlook Adjustments Non-GAAP Outlook
Net revenue
$190 million
+/- $10 million
$190 million
+/- $10 million
Operating expenses
$79.8 million
+/- 2%
$8.8 million B,C,D,E
$71.0 million
+/- 2%
Diluted EPS(1)
$0.18
+/- 10%%
$0.15 A - F
$0.33
+/- 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 6.8
C. Amortization related to intangible assets 0.3
D. Restructuring expenses 2.0
E. Gain relating to discontinued business (0.3)
F. Net income tax effect of the above items (1.3)
(1) GAAP and non-GAAP diluted EPS based on approximately 52.0 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.

10