Kulicke & Soffa (KLIC)
NASDAQ:KLIC
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Kulicke & Soffa
(NASDAQ:KLIC)
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Rating:61Neutral
Price Target:
$82.00
▲(5.16% Upside)
Action:ReiteratedDate:03/06/26
KLIC scores as moderately attractive primarily due to a strong balance sheet and positive cash generation despite a cyclical earnings slump, plus a notably constructive earnings outlook with stronger sequential growth and stable ~49% gross margins. Offsetting these strengths, the current valuation is rich (high P/E) and recent profitability has been weak/negative, keeping the overall score in the low 60s.
Positive Factors
Conservative balance sheet / very low leverage
Kulicke & Soffa's extremely low leverage and sizable asset base provide durable financial flexibility. This supports weathering semiconductor cycles, funding targeted capacity/R&D spending, and preserving optionality for opportunistic investments or share actions without stressing liquidity over the next several quarters.
Negative Factors
Recent profitability deterioration / net loss
Although top-line modestly grew, the company reported sizable net losses, reflecting that healthy gross margins haven't translated to sustained profitability. Weak net income depresses returns on equity and constrains reinvestment or shareholder returns until operating leverage and cost structure recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Kulicke & Soffa's extremely low leverage and sizable asset base provide durable financial flexibility. This supports weathering semiconductor cycles, funding targeted capacity/R&D spending, and preserving optionality for opportunistic investments or share actions without stressing liquidity over the next several quarters.
Read all positive factors
Kulicke & Soffa (KLIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.05B
Dividend Yield1.77%
Average Volume (3M)585.77K
Price to Earnings (P/E)37.7
Beta (1Y)1.52
Revenue Growth-7.38%
EPS Growth99.38%
CountryUS
Employees2,677
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.44
Shares Outstanding52,326,515
10 Day Avg. Volume580,747
30 Day Avg. Volume585,773
Financial Highlights & Ratios
PEG Ratio-99.97
Price to Book (P/B)2.60
Price to Sales (P/S)3.27
P/FCF Ratio22.17
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue5.58
Enterprise Value/Gross Profit13.25
Enterprise Value/Ebitda-116.62
Forecast
1Y Price Target
$66.67Price Target Upside-14.50% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.62
Revenue Forecast (FY)$930.36M
Kulicke & Soffa Business Overview & Revenue Model
Company Description
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company m...
How the Company Makes Money
Kulicke & Soffa primarily makes money by selling capital equipment (tool systems) to semiconductor assembly and packaging customers, with revenue recognized when equipment is delivered/accepted under customer contracts. A major revenue stream come...
Kulicke & Soffa Key Performance Indicators (KPIs)
Kulicke & Soffa Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call presents a notably positive operational and financial inflection: strong sequential and year-over-year revenue growth in general semiconductor, high utilization rates (notably >90% in China), healthy margins (~49.6%) and encouraging guidance (Q2 revenue up ~15% to $230M, FY26 second half projected +15%–20%). Advanced packaging (TCB/Fluxless) shows meaningful traction with >120 systems in the field, a >$100M TCB revenue expectation, and a 3x capacity expansion in Singapore. Offsetting these positives are memory revenue variability, persistent near-term automotive/industrial headwinds, some margin benefit from previously expensed/impaired systems (one-time), pending technology qualifications (FTC plasma) and later commercialization timelines for HBM/HBF (volume in FY27/CY27). Overall, positives materially outweigh the headwinds.Positive Updates
Improving Demand and High Utilization
Company reports demand improving faster and stronger than expected with customer sentiment strengthened; utilization for key end markets estimated over 80% overall and China above 90%, North America/Europe ~80%, rest of Asia ~80%, Southeast Asia ~70% and rising.
Negative Updates
Memory Revenue Variability
Memory revenue was volatile: after a 60% increase in the prior quarter, demand declined sequentially in the reported quarter due to product and customer mix, reflecting concentration-driven variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Improving Demand and High Utilization
Company reports demand improving faster and stronger than expected with customer sentiment strengthened; utilization for key end markets estimated over 80% overall and China above 90%, North America/Europe ~80%, rest of Asia ~80%, Southeast Asia ~70% and rising.
Read all positive updates
Company Guidance
Kulicke & Soffa guided March-quarter revenue of $230 million, a 15% sequential increase, with gross margin of 49% and non‑GAAP operating expense of $73 million, targeting GAAP EPS of $0.53 and non‑GAAP EPS of $0.67 (Q1 actuals were revenue and earnings above expectations with GAAP EPS $0.32, non‑GAAP $0.44, gross margin 49.6%, GAAP OpEx $81.1M and non‑GAAP OpEx $74.2M, and tax expense $5.7M), and said its effective tax rate should remain above 20% near term; longer‑range visibility includes an expectation that the fiscal second half will be ~15%–20% stronger than the first half, full‑year TCB revenue above $100 million, continued gross margins around 49%–50% for FY‑26, and high utilization across end markets (general semiconductor >80%, ball‑bonder utilization for memory >85%, China >90%, rest of Asia ~80%, Southeast Asia ~70%, North America/Europe ~80%).Kulicke & Soffa Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 687.58M | 654.08M | 706.23M | 742.49M | 1.50B | 1.52B |
| Gross Profit | 289.48M | 277.92M | 268.75M | 358.65M | 748.32M | 696.99M |
| EBITDA | -32.89M | 38.58M | -33.53M | 101.20M | 498.49M | 434.58M |
| Net Income | -64.63M | 213.00K | -69.01M | 57.15M | 433.55M | 367.16M |
Balance Sheet | ||||||
| Total Assets | 1.11B | 1.10B | 1.24B | 1.50B | 1.59B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 481.13M | 510.71M | 577.15M | 759.40M | 775.54M | 739.79M |
| Total Debt | 36.98M | 38.55M | 40.96M | 48.41M | 41.69M | 42.99M |
| Total Liabilities | 289.61M | 282.85M | 296.15M | 325.22M | 393.95M | 506.39M |
| Stockholders Equity | 825.03M | 821.49M | 944.01M | 1.17B | 1.19B | 1.10B |
Cash Flow | ||||||
| Free Cash Flow | 76.05M | 96.36M | 14.89M | 129.00M | 367.20M | 277.26M |
| Operating Cash Flow | 85.73M | 113.56M | 31.04M | 173.40M | 390.19M | 300.03M |
| Investing Cash Flow | 38.95M | 27.66M | -138.50M | -91.34M | 133.80M | -81.71M |
| Financing Cash Flow | -122.51M | -153.07M | -196.10M | -111.88M | -321.19M | -44.26M |
Kulicke & Soffa Technical Analysis
Positive
77.98
Price Trends
67.00
Positive
57.79
Positive
47.61
Positive
Market Momentum
2.00
Negative
67.99
Neutral
90.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLIC, the sentiment is Positive. The current price of 77.98 is above the 20-day moving average (MA) of 67.11, above the 50-day MA of 67.00, and above the 200-day MA of 47.61, indicating a bullish trend. The MACD of 2.00 indicates Negative momentum. The RSI at 67.99 is Neutral, neither overbought nor oversold. The STOCH value of 90.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KLIC.
Kulicke & Soffa Risk Analysis
Kulicke & Soffa disclosed 33 risk factors in its most recent earnings report. Kulicke & Soffa reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kulicke & Soffa Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.65B | 12.15 | 11.84% | ― | -2.04% | 8.84% | |
76 Outperform | $9.65B | 82.61 | 5.43% | ― | 2.29% | -69.81% | |
75 Outperform | $3.39B | 21.10 | 11.72% | ― | -20.69% | -37.67% | |
68 Neutral | $14.33B | 26.10 | 8.73% | 0.81% | 0.13% | -16.17% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $4.05B | 37.65 | -7.72% | 1.77% | -7.38% | 99.38% | |
55 Neutral | $1.75B | -14.78 | -9.07% | ― | -4.50% | -45.79% |
* Technology Sector Average
KLIC
Kulicke & Soffa
77.98
48.43
163.93%
AMKR
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COHU
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FORM
Formfactor
128.22
101.08
372.44%
PLAB
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45.67
27.74
154.71%
Kulicke & Soffa Corporate Events
Executive/Board ChangesShareholder Meetings
Kulicke & Soffa Shareholders Back Board, Pay and Auditor
Positive
Mar 5, 2026
At its 2026 Annual Meeting of Shareholders, Kulicke Soffa investors re-elected directors Peter T. Kong and Jon A. Olson to serve until the 2027 meeting, confirming the current board composition and leadership continuity. Shareholders also ratifie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.