Kulicke & Soffa Industries (KLIC)
Market Price (5/13/2026): $99.0 | Market Cap: $5.2 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment
Kulicke & Soffa Industries (KLIC)
Market Price (5/13/2026): $99.0Market Cap: $5.2 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 47% Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more. | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 71x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 318x, P/EPrice/Earnings or Price/(Net Income) is 93x Stock price has recently run up significantly6M Rtn6 month market price return is 155%, 12M Rtn12 month market price return is 194% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 93% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% Key risksKLIC key risks include [1] significant geopolitical and trade policy exposure from its heavy revenue concentration in China and [2] operational uncertainties from the strategic wind-down of its Electronics Assembly business. |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 71x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 318x, P/EPrice/Earnings or Price/(Net Income) is 93x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 155%, 12M Rtn12 month market price return is 194% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 93% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksKLIC key risks include [1] significant geopolitical and trade policy exposure from its heavy revenue concentration in China and [2] operational uncertainties from the strategic wind-down of its Electronics Assembly business. |
Qualitative Assessment
AI Analysis | Feedback
Kulicke & Soffa Industries (KLIC) stock has gained about 70% since 1/31/2026 because of the following key factors:
1. Kulicke & Soffa reported stronger-than-anticipated financial results and provided optimistic forward guidance. For the fiscal quarter ending January 3, 2026 (Q1 2026), the company's net revenue reached $199.6 million, significantly increasing from the prior year and showing a 27% sequential improvement in general semiconductor revenue. Subsequently, in Q2 2026 (ended April 4, 2026), revenue was $242.6 million, a 49.78% year-over-year increase, surpassing the consensus estimate of $234.6 million by approximately $8.0 million (3.4%). Non-GAAP diluted EPS for Q2 2026 was $0.79, beating the consensus of $0.67 by $0.12. The company also projected Q3 2026 net revenue to be approximately $310 million, indicating about 28% sequential growth, and non-GAAP diluted EPS to be around $1.00.
2. The company experienced a surge in demand for its advanced packaging solutions, particularly Thermo-Compression Bonding (TCB), and committed to significant capacity expansion. Demand was stronger than expected due to technology and capacity needs across general semiconductor, memory, automotive, and industrial end markets. Kulicke & Soffa is ramping up capital investment, anticipating fiscal year 2026 expenditures to increase from approximately $12 million to $22 million, to significantly expand its production of TCB systems, targeting up to $400 million in annual TCB system sales. TCB is identified as a key growth driver, with expectations for at least 70% sequential growth in fiscal year 2026 and over $100 million in sales.
Show more
1. Kulicke & Soffa reported stronger-than-anticipated financial results and provided optimistic forward guidance. For the fiscal quarter ending January 3, 2026 (Q1 2026), the company's net revenue reached $199.6 million, significantly increasing from the prior year and showing a 27% sequential improvement in general semiconductor revenue. Subsequently, in Q2 2026 (ended April 4, 2026), revenue was $242.6 million, a 49.78% year-over-year increase, surpassing the consensus estimate of $234.6 million by approximately $8.0 million (3.4%). Non-GAAP diluted EPS for Q2 2026 was $0.79, beating the consensus of $0.67 by $0.12. The company also projected Q3 2026 net revenue to be approximately $310 million, indicating about 28% sequential growth, and non-GAAP diluted EPS to be around $1.00.
2. The company experienced a surge in demand for its advanced packaging solutions, particularly Thermo-Compression Bonding (TCB), and committed to significant capacity expansion. Demand was stronger than expected due to technology and capacity needs across general semiconductor, memory, automotive, and industrial end markets. Kulicke & Soffa is ramping up capital investment, anticipating fiscal year 2026 expenditures to increase from approximately $12 million to $22 million, to significantly expand its production of TCB systems, targeting up to $400 million in annual TCB system sales. TCB is identified as a key growth driver, with expectations for at least 70% sequential growth in fiscal year 2026 and over $100 million in sales.
Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 71.5% change in KLIC stock from 1/31/2026 to 5/12/2026 was primarily driven by a 21898.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.15 | 98.00 | 71.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 654 | 768 | 17.4% |
| Net Income Margin (%) | 0.0% | 7.2% | 21898.8% |
| P/E Multiple | 13,959.1 | 93.2 | -99.3% |
| Shares Outstanding (Mil) | 52 | 52 | -0.6% |
| Cumulative Contribution | 71.5% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| KLIC | 71.5% | |
| Market (SPY) | 7.0% | 46.9% |
| Sector (XLK) | 21.9% | 49.8% |
Fundamental Drivers
The 147.3% change in KLIC stock from 10/31/2025 to 5/12/2026 was primarily driven by a 691.9% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.63 | 98.00 | 147.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 658 | 768 | 16.8% |
| Net Income Margin (%) | 0.9% | 7.2% | 691.9% |
| P/E Multiple | 350.9 | 93.2 | -73.4% |
| Shares Outstanding (Mil) | 53 | 52 | 0.7% |
| Cumulative Contribution | 147.3% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| KLIC | 147.3% | |
| Market (SPY) | 8.8% | 45.1% |
| Sector (XLK) | 16.9% | 43.9% |
Fundamental Drivers
The 209.8% change in KLIC stock from 4/30/2025 to 5/12/2026 was primarily driven by a 1402.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.64 | 98.00 | 209.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 701 | 768 | 9.6% |
| Net Income Margin (%) | 0.5% | 7.2% | 1402.6% |
| P/E Multiple | 509.1 | 93.2 | -81.7% |
| Shares Outstanding (Mil) | 54 | 52 | 2.8% |
| Cumulative Contribution | 209.8% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| KLIC | 209.8% | |
| Market (SPY) | 34.6% | 49.5% |
| Sector (XLK) | 67.8% | 48.6% |
Fundamental Drivers
The 116.7% change in KLIC stock from 4/30/2023 to 5/12/2026 was primarily driven by a 1036.0% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.22 | 98.00 | 116.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,219 | 768 | -37.0% |
| Net Income Margin (%) | 25.8% | 7.2% | -72.2% |
| P/E Multiple | 8.2 | 93.2 | 1036.0% |
| Shares Outstanding (Mil) | 57 | 52 | 9.0% |
| Cumulative Contribution | 116.7% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| KLIC | 116.7% | |
| Market (SPY) | 84.4% | 59.0% |
| Sector (XLK) | 137.2% | 60.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KLIC Return | 92% | -26% | 25% | -13% | -0% | 130% | 256% |
| Peers Return | 64% | -28% | 70% | -2% | 55% | 80% | 447% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| KLIC Win Rate | 58% | 42% | 58% | 33% | 42% | 80% | |
| Peers Win Rate | 68% | 37% | 68% | 48% | 62% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| KLIC Max Drawdown | 0% | -37% | -6% | -29% | -40% | 0% | |
| Peers Max Drawdown | -5% | -45% | -3% | -14% | -29% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMAT, LRCX, KLAC, COHU, ONTO. See KLIC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
| Event | KLIC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.0% | -18.8% |
| % Gain to Breakeven | 56.2% | 23.1% |
| Time to Breakeven | 163 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.3% | -7.8% |
| % Gain to Breakeven | 25.5% | 8.5% |
| Time to Breakeven | 110 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -29.1% | -9.5% |
| % Gain to Breakeven | 41.0% | 10.5% |
| Time to Breakeven | 810 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.7% | -6.7% |
| % Gain to Breakeven | 20.1% | 7.1% |
| Time to Breakeven | 33 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.0% | -24.5% |
| % Gain to Breakeven | 72.4% | 32.4% |
| Time to Breakeven | 1210 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.5% | -33.7% |
| % Gain to Breakeven | 39.9% | 50.9% |
| Time to Breakeven | 37 days | 140 days |
In The Past
Kulicke & Soffa Industries's stock fell -36.0% during the 2025 US Tariff Shock. Such a loss loss requires a 56.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | KLIC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.0% | -18.8% |
| % Gain to Breakeven | 56.2% | 23.1% |
| Time to Breakeven | 163 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.3% | -7.8% |
| % Gain to Breakeven | 25.5% | 8.5% |
| Time to Breakeven | 110 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -29.1% | -9.5% |
| % Gain to Breakeven | 41.0% | 10.5% |
| Time to Breakeven | 810 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.0% | -24.5% |
| % Gain to Breakeven | 72.4% | 32.4% |
| Time to Breakeven | 1210 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.5% | -33.7% |
| % Gain to Breakeven | 39.9% | 50.9% |
| Time to Breakeven | 37 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.5% | 23.7% |
| Time to Breakeven | 58 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -39.8% | -6.8% |
| % Gain to Breakeven | 66.0% | 7.3% |
| Time to Breakeven | 421 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.3% | -17.9% |
| % Gain to Breakeven | 49.9% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.7% | -15.4% |
| % Gain to Breakeven | 38.4% | 18.2% |
| Time to Breakeven | 216 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -84.1% | -53.4% |
| % Gain to Breakeven | 530.7% | 114.4% |
| Time to Breakeven | 453 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -30.8% | -8.6% |
| % Gain to Breakeven | 44.4% | 9.5% |
| Time to Breakeven | 1366 days | 47 days |
In The Past
Kulicke & Soffa Industries's stock fell -36.0% during the 2025 US Tariff Shock. Such a loss loss requires a 56.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kulicke & Soffa Industries (KLIC)
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 manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. Kulicke and Soffa Industries, Inc. was founded in 1951 and is headquartered in Singapore.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Kulicke & Soffa Industries:- Kulicke & Soffa Industries is like Applied Materials for semiconductor assembly and advanced packaging, providing the critical equipment and tools.
- Kulicke & Soffa Industries is like Caterpillar for the advanced manufacturing plants that assemble semiconductor chips and advanced displays, providing the specialized capital equipment.
AI Analysis | Feedback
- Advanced Displays Manufacturing Equipment: Capital equipment used in the production of advanced displays.
- Die-Transfer & Advanced Packaging Equipment: Machines for die-transfer, flip-chip, and thermo-compression bonding (TCB) in advanced semiconductor packaging.
- Bonding Equipment: Includes ball bonders, wafer-level bonders, and wedge bonders used for connecting semiconductor components.
- Die-Attach Equipment: Machines for attaching semiconductor dies to substrates.
- Electronics Assembly & Lithography Equipment: Equipment for general electronics assembly and lithography processes.
- Consumables: Products such as capillaries, dicing blades, and wedge bonds essential for semiconductor assembly.
- Software Solutions: Software products including auto offline programming, KNet PLUS, and manufacturing execution systems for optimizing operations.
- Aftermarket Services: Comprehensive services encompassing the servicing, maintenance, repair, and upgrading of their capital equipment.
AI Analysis | Feedback
Kulicke & Soffa Industries (KLIC) sells primarily to other companies, not individuals.
The provided company description does not list specific named major customer companies. Instead, it identifies the following categories of companies that it serves:
- Semiconductor device manufacturers
- Integrated device manufacturers (IDMs)
- Outsourced semiconductor assembly and test providers (OSATs)
- Other electronics manufacturers
- Industrial manufacturers
- Automotive electronics suppliers
AI Analysis | Feedback
null
AI Analysis | Feedback
```htmlLester Wong
Interim Chief Executive Officer and Executive Vice President, Chief Financial Officer
Lester Wong was appointed Interim Chief Executive Officer of Kulicke & Soffa Industries, Inc. in October 2025, while continuing to serve as Executive Vice President, Finance and IT, and Chief Financial Officer. He joined K&S in September 2011 as Senior Vice President, General Counsel & Legal Affairs and was confirmed as Chief Financial Officer in December 2018. Prior to joining Kulicke & Soffa, Mr. Wong held General Counsel and Senior Legal Counsel positions with several NASDAQ-listed companies, including Gigamedia Limited and CDC Corporation, where he managed public reporting, compliance, litigation, and M&A activities. He also served as an executive with Cowen Latitude Asia.
Robert Chylak
Senior Vice President, Central Engineering and Chief Technology Officer
Robert Chylak serves as the Senior Vice President of Central Engineering and Chief Technology Officer at Kulicke & Soffa Industries.
Nelson Wong
Senior Vice President, Global Sales & Supply Chain
Nelson Wong holds the position of Senior Vice President, Global Sales & Supply Chain for Kulicke & Soffa Industries.
Ivy Qin
Vice President & General Manager of Wire Bonding
Ivy Qin is the Vice President & General Manager of Wire Bonding at Kulicke & Soffa Industries. She has dedicated over two decades to the company, progressing through various innovative development roles to her current leadership position. Effective immediately following Chan Pin Chong's retirement in December 2025, she began reporting directly to the CEO.
John Molnar
Vice President & General Manager of Advanced Solutions
John Molnar serves as the Vice President & General Manager of Advanced Solutions at Kulicke & Soffa Industries. He has more than two decades of experience with the company, moving from development roles to segment leadership. Following Chan Pin Chong's retirement in December 2025, he began reporting directly to the CEO.
```AI Analysis | Feedback
```htmlKey Risks to Kulicke & Soffa Industries (KLIC)
- Semiconductor Market Cyclicality: Kulicke & Soffa Industries is highly vulnerable to the inherent cyclical downturns and volatility within the broader semiconductor capital equipment market. This cyclicality directly impacts the company's revenue and profit fluctuations, as evidenced by a 7.4% decrease in net revenue in fiscal year 2025 due to a cyclical downturn.
- Geopolitical and Trade Policy Dependency: A substantial portion of Kulicke & Soffa's revenue is generated outside the United States, with a significant concentration from customers headquartered in China (53.5% of net revenue in fiscal year 2025). This exposes the company to considerable geopolitical and trade-related volatility, as new tariffs or trade restrictions, like those that have already caused adverse demand impacts, could severely affect revenue.
- Intense Competition and High Research & Development (R&D) Investment Requirements: Kulicke & Soffa operates in a fiercely competitive semiconductor equipment market. Competitors, including ASM Pacific Technology, actively vie for market share, particularly in the critical advanced packaging segment. This competitive pressure necessitates continuous and significant R&D investment to maintain technological leadership and market presence, which can strain financial resources and impact profitability if not managed effectively.
AI Analysis | Feedback
null
AI Analysis | Feedback
Kulicke & Soffa Industries (KLIC) participates in several key addressable markets related to semiconductor assembly equipment and services. Here are the estimated market sizes for their main products and services:
- Overall Total Available Market (TAM): Kulicke & Soffa's total available market is projected to reach $8.6 billion by 2026 globally, which includes advanced packaging technologies and dispense solutions.
- Advanced Packaging Equipment: Kulicke & Soffa is prioritizing the Advanced Packaging segment, targeting a total addressable market projected at $3.5 billion by 2027 through Thermocompression Bonding and Flip Chip offerings. More broadly, the global advanced packaging market was valued at approximately USD 42.36 billion in 2025 and is projected to grow to USD 70.41 billion by 2034. Another estimate places the global advanced packaging market at USD 51.62 billion in 2025, forecast to reach USD 90.11 billion by 2031. The global IC advanced packaging equipment market is valued at about USD 12.13 billion in 2026 and is projected to reach USD 38.33 billion by 2035.
- Thermocompression Bonding (TCB) Bonder Market: The global TCB bonder market was valued at USD 495.24 million in 2025 and is projected to reach USD 4,001.26 million by 2035. Other estimates include approximately USD 101 million in 2024, anticipated to reach around USD 364 million by 2033 globally, and roughly USD 1.5 billion in 2023, projected to reach USD 3.2 billion by 2032 globally.
- Flip-Chip Bonder Market: The global flip chip bonder market size was around USD 297.28 million in 2024 and is predicted to grow to approximately USD 414.51 million by 2034. The global flip chip bonder market is valued at approximately USD 0.31 billion in 2026 and is projected to reach USD 0.34 billion by 2035.
- Wire Bonder Equipment Market: The global wire bonding market size was valued at US$ 4.5 billion in 2024 and is projected to reach US$ 8.0 billion by 2035. The global wire bonder equipment market size is estimated to reach over USD 1,859.26 million by 2032, growing from USD 876.26 million in 2024.
- Die Attach Equipment Market: The global die attach equipment market size is estimated at USD 2.13 billion in 2026, growing from USD 1.93 billion in 2025 to USD 3.49 billion by 2031. Another report indicates the global die attach machine market size was valued at USD 1.2 billion in 2021 and is projected to reach USD 2.1 billion by 2031.
- Wafer-Level Bonder Equipment Market: The global wafer bonding equipment market was valued at USD 317 million in 2024 and is projected to reach USD 620 million by 2034. The global fully automatic wafer bonding equipment market size was valued at USD 184 million in 2024 and is projected to grow to USD 272 million by 2032.
- Dispense Equipment Market (semiconductor and electronics assembly): This market is projected to be $2.6 billion in calendar year 2026 globally.
- Semiconductor Consumables Market: The global semiconductor consumables market size is estimated at USD 5.47 billion in 2025 and is expected to reach USD 8.07 billion by 2030. A broader "semiconductor materials" market is projected to reach approximately USD 50 billion in 2025 globally. Another source indicates the global semiconductor materials market size was valued at USD 72.03 billion in 2025 and is projected to grow to USD 104.22 billion by 2034.
AI Analysis | Feedback
Kulicke & Soffa Industries (KLIC) is expected to drive future revenue growth over the next 2-3 years through several key areas:- Growth in Advanced Packaging Solutions: Kulicke & Soffa is prioritizing the advanced packaging segment, including Thermocompression Bonding (TCB), Flip Chip, and solutions for chiplet and heterogeneous integration. This focus addresses crucial needs for high-performance computing (HPC), artificial intelligence (AI), and high-bandwidth memory (HBM) applications. The total addressable market for advanced packaging is projected to reach $3.5 billion by 2027.
- Expansion in Automotive and Power Semiconductors: The company is intensifying its presence in the automotive and power semiconductor markets, driven by the increasing electrification of vehicles (EVs) and demand for power inverters. K&S opened a specialized application center in Germany in 2025 to support EV supply chains and power inverter assembly, targeting growth in silicon carbide (SiC) and gallium nitride (GaN) power module assembly. The automotive semiconductor market is projected for significant growth through 2028.
- Advancements in Advanced Displays (Mini/Micro-LED): Kulicke & Soffa is accelerating the adoption of advanced display technologies with its LUMINEX™ platform, which supports mini and micro-LED solutions. These technologies are crucial for high-volume backlighting and self-emissive displays in consumer electronics, large commercial displays, and wearables, expanding K&S's market access in this high-growth area.
- Recovery and Demand in General Semiconductor and Memory Markets: The company anticipates strong demand from the general semiconductor and memory end markets. Recent earnings reports indicate improving customer sentiment and utilization levels across these core markets, signaling a recovery from previous cyclical downturns and providing a foundation for increased revenue.
- Growth in Advanced Dispense Equipment: Through the acquisition of Advanced Jet Automation Co., Ltd. (AJA), Kulicke & Soffa has broadened its portfolio in high-precision micro-dispensing equipment. This expands K&S's total available market and creates additional opportunities across general semiconductor, automotive, LED, and memory end-markets, with the total available dispense market projected to reach $2.6 billion by calendar year 2026.
AI Analysis | Feedback
Capital Allocation Decisions for Kulicke & Soffa Industries (KLIC)
Share Repurchases
- Kulicke & Soffa completed an $800 million share repurchase program on December 2, 2024, which had been initiated in its fiscal fourth quarter of 2017. Under this program, approximately 22.7 million shares were repurchased at an average price of around $35.25 per share.
- A new $300 million share repurchase program was announced on November 13, 2024, intended to commence upon the completion of the prior program.
- Cumulatively, since August 27, 2014, the company has deployed $900 million to repurchase a total of 30.9 million shares at an average price of approximately $29.12 per share.
Share Issuance
- No significant share issuances by the company to raise capital were identified over the last 3-5 years.
Inbound Investments
- No significant inbound investments made in Kulicke & Soffa by third-parties were identified in the provided information.
Outbound Investments
- While "sizable investments purchases" and "occasional large investment divestments" were noted in Q1 2026 as part of investing activity, no specific significant outbound investments (e.g., acquisitions of other companies) with detailed dollar amounts were identified in the provided information.
Capital Expenditures
- Capital expenditures amounted to -$9.68 million in the last 12 months.
- Capex per share for Kulicke & Soffa Industries, Inc. declined from $0.77 to $0.32 over the past two years, as of fiscal year 2025.
- In fiscal year 2025, capex per share saw an increase of 11.4% year-over-year.
Latest Trefis Analyses
Trade Ideas
Select ideas related to KLIC.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 283.59 |
| Mkt Cap | 125.5 |
| Rev LTM | 7,064 |
| Op Inc LTM | 2,792 |
| FCF LTM | 2,124 |
| FCF 3Y Avg | 1,874 |
| CFO LTM | 2,332 |
| CFO 3Y Avg | 2,051 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.3% |
| Rev Chg 3Y Avg | 2.8% |
| Rev Chg Q | 17.6% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Inc Chg LTM | 25.7% |
| Op Inc Chg 3Y Avg | 7.1% |
| Op Mgn LTM | 21.0% |
| Op Mgn 3Y Avg | 22.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 28.2% |
| CFO/Rev 3Y Avg | 27.4% |
| FCF/Rev LTM | 22.6% |
| FCF/Rev 3Y Avg | 23.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 125.5 |
| P/S | 12.8 |
| P/Op Inc | 46.1 |
| P/EBIT | 44.5 |
| P/E | 52.3 |
| P/CFO | 52.3 |
| Total Yield | 2.1% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 3.1% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.9% |
| 3M Rtn | 29.5% |
| 6M Rtn | 98.7% |
| 12M Rtn | 186.9% |
| 3Y Rtn | 248.0% |
| 1M Excs Rtn | 2.0% |
| 3M Excs Rtn | 22.9% |
| 6M Excs Rtn | 83.9% |
| 12M Excs Rtn | 176.8% |
| 3Y Excs Rtn | 172.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Ball Bonding Equipment | 358 | 287 | 909 | ||
| Aftermarket Products and Services (APS) | 160 | 161 | 197 | 205 | 161 |
| Wedge Bonding Equipment | 106 | 176 | 194 | ||
| Advanced Solutions | 53 | 72 | 95 | ||
| All Others | 30 | 47 | 108 | ||
| Unallocated Corporate Expenses | 0 | ||||
| Capital Equipment | 1,313 | 462 | |||
| Total | 706 | 742 | 1,504 | 1,518 | 623 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Ball Bonding Equipment | 113 | 82 | 385 | ||
| Aftermarket Products and Services (APS) | 50 | 48 | 82 | 56 | 36 |
| Wedge Bonding Equipment | 20 | 63 | 67 | ||
| All Others | -34 | -37 | 26 | ||
| Unallocated Corporate Expenses | -86 | -84 | -75 | ||
| Advanced Solutions | -155 | -33 | -15 | ||
| Capital Equipment | 356 | 22 | |||
| Total | -92 | 39 | 470 | 412 | 59 |
Price Behavior
Price Behavior
| Market Price | $98.00 | |
| Market Cap ($ Bil) | 5.1 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -6.0% | |
| 50 Days | 200 Days | |
| DMA Price | $75.71 | $53.38 |
| DMA Trend | up | up |
| Distance from DMA | 29.4% | 83.6% |
| 3M | 1YR | |
| Volatility | 50.7% | 46.4% |
| Downside Capture | 198.27 | 130.72 |
| Upside Capture | 254.53 | 220.84 |
| Correlation (SPY) | 70.2% | 49.7% |
KLIC Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.23 | 2.36 | 1.93 | 1.78 | 1.83 | 1.62 |
| Up Beta | 2.66 | 2.61 | 2.89 | 2.51 | 2.48 | 1.61 |
| Down Beta | 1.57 | 2.57 | 1.19 | 0.65 | 1.36 | 1.34 |
| Up Capture | 247% | 298% | 300% | 429% | 360% | 707% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 16 | 28 | 40 | 79 | 140 | 388 |
| Down Capture | -208% | 171% | 96% | 103% | 121% | 111% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 6 | 15 | 24 | 46 | 112 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLIC | |
|---|---|---|---|---|
| KLIC | 215.1% | 46.7% | 2.59 | - |
| Sector ETF (XLK) | 62.3% | 20.9% | 2.21 | 48.6% |
| Equity (SPY) | 32.5% | 12.4% | 1.98 | 49.1% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | 12.1% |
| Commodities (DBC) | 50.3% | 18.5% | 2.06 | -14.8% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 26.4% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLIC | |
|---|---|---|---|---|
| KLIC | 14.5% | 45.3% | 0.45 | - |
| Sector ETF (XLK) | 21.7% | 24.8% | 0.77 | 61.7% |
| Equity (SPY) | 13.7% | 17.1% | 0.63 | 59.9% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 8.4% |
| Commodities (DBC) | 11.4% | 19.4% | 0.47 | 9.6% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 38.1% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 23.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLIC | |
|---|---|---|---|---|
| KLIC | 26.0% | 43.6% | 0.68 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 62.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 60.6% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 4.0% |
| Commodities (DBC) | 8.4% | 17.9% | 0.39 | 15.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 39.8% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 4.7% | ||
| 2/4/2026 | 19.3% | 34.5% | 10.4% |
| 11/19/2025 | 10.6% | 27.4% | 31.7% |
| 8/6/2025 | 8.9% | 17.5% | 19.0% |
| 5/6/2025 | -2.8% | 9.0% | 3.7% |
| 2/4/2025 | -0.0% | -5.1% | -13.9% |
| 11/13/2024 | -3.1% | -0.7% | 5.2% |
| 8/7/2024 | 3.2% | 3.5% | -2.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 15 |
| # Negative | 11 | 8 | 9 |
| Median Positive | 4.7% | 6.8% | 10.4% |
| Median Negative | -2.8% | -3.2% | -9.7% |
| Max Positive | 19.3% | 34.5% | 37.0% |
| Max Negative | -9.6% | -17.4% | -14.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/20/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/14/2024 | 10-K |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/01/2024 | 10-Q |
| 09/30/2023 | 11/16/2023 | 10-K |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/17/2022 | 10-K |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 290.00 Mil | 310.00 Mil | 330.00 Mil | 34.8% | Higher New | Guidance: 230.00 Mil for Q2 2026 | |
| Q3 2026 GAAP Diluted EPS | 0.78 | 0.87 | 0.96 | 64.2% | Higher New | Guidance: 0.53 for Q2 2026 | |
| Q3 2026 Non-GAAP Diluted EPS | 0.9 | 1 | 1.1 | 49.2% | Higher New | Guidance: 0.67 for Q2 2026 | |
| 2026 Capital Expenditures | 22.00 Mil | 83.3% | Raised | Guidance: 12.00 Mil for 2026 | |||
| 2026 TCB system sales | 400.00 Mil | ||||||
Prior: Q1 2026 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 220.00 Mil | 230.00 Mil | 240.00 Mil | 21.0% | Higher New | Guidance: 190.00 Mil for Q1 2026 | |
| Q2 2026 GAAP Diluted EPS | 0.48 | 0.53 | 0.58 | 194.4% | Higher New | Guidance: 0.18 for Q1 2026 | |
| Q2 2026 Non-GAAP Diluted EPS | 0.6 | 0.67 | 0.74 | 103.0% | Higher New | Guidance: 0.33 for Q1 2026 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lim, Zi Yao | General Counsel | Direct | Sell | 5122026 | 102.98 | 1,500 | 154,463 | 2,184,520 | Form |
| 2 | Richardson, David Jeffrey | Family Trust | Sell | 2272026 | 72.19 | 9,364 | 676,034 | 1,277,418 | Form | |
| 3 | Yeo, Mui Sung | Direct | Sell | 2172026 | 71.98 | 19,143 | 1,377,974 | 5,652,265 | Form | |
| 4 | Chylak, Robert Nestor | Senior Vice President | Direct | Sell | 2112026 | 73.28 | 7,098 | 520,116 | 1,684,405 | Form |
| 5 | Lim, Zi Yao | General Counsel | Direct | Sell | 2112026 | 71.54 | 1,000 | 71,540 | 1,624,962 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.