Sector Investing

[ReturntoSender]

Kulicke & Soffa +4.5% on FQ1 beat, strong guidance • 11:07 AM

Eric Jhonsa, SA News Editor
In addition to beating FQ1 estimates, Kulicke & Soffa (NASDAQ:KLIC) has guided for FQ2 revenue of $125M-$145M, above a $128.4M consensus at the midpoint.
Ball bonder equipment sales fell 54.9% Q/Q, and wedge bonder sales 9.6%. Quarter-ending backlog was $60.5M vs. $79.1M at the end of FQ4 and $46M a year earlier.
Gross margin rose 350 bps Q/Q and 240 bps YY to 50.9%, and operating expenses rose 11% Y/Y to $45M.
Kulicke ended FQ1 with $633.4M in cash/short-term investments. That's equal to 57% of its current market cap. Shares have risen to their highest levels in more than a decade.
FQ1 results, PR