$KLIC

KULICKE & SOFFA INDUSTRIES INC

CIK:0000056978|SEC Filings

CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net revenue	$ 330,409	$ 148,413	$ 772,655	$ 476,523
Cost of sales	172,460	79,170	396,047	279,812
Gross profit	157,949	69,243	376,608	196,711
Selling, general and administrative	45,769	39,596	129,270	126,224
Research and development	43,914	35,741	122,686	110,769
Gain relating to cessation of business	0	0	0	(75,987)
Impairment charges	0	0	0	39,817
Operating expenses	89,683	75,337	251,956	200,823
Income / (Loss) from operations	68,266	(6,094)	124,652	(4,112)
Interest income	4,529	6,008	13,268	17,982
Interest expense	(34)	(32)	(111)	(95)
Income / (Loss) before income taxes	72,761	(118)	137,809	13,775
Provision for income taxes	15,345	3,171	28,449	19,941
Net income / (loss)	$ 57,416	$ (3,289)	$ 109,360	$ (6,166)
Net income / (loss) per share:
Basic (in dollars per share)	$ 1.10	$ (0.06)	$ 2.09	$ (0.12)
Diluted (in dollars per share)	$ 1.07	$ (0.06)	$ 2.06	$ (0.12)
Weighted average shares outstanding:
Basic (in shares)	52,333	52,692	52,326	53,265
Diluted (in shares)	53,429	52,692	53,190	53,265

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 109,360	$ (6,166)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,940	13,941
Impairment charges	0	39,817
Equity-based compensation	19,365	20,726
Adjustment for inventory valuation	8,779	43,128
Deferred taxes	(1,184)	1,318
Loss (Gain) on disposal of property, plant and equipment	11	(118)
Gain on disposal of a subsidiary	0	(3,154)
Dividend income from equity investment	(409)	0
Realized gain on equity investment	409	0
Unrealized fair value changes on equity investment	(1,912)	(629)
Unrealized foreign currency transactions	1,151	(9,200)
Changes in operating assets and liabilities, net of businesses acquired or sold:
Accounts and other receivable	(146,035)	19,965
Inventories	(75,892)	(21,382)
Prepaid expenses and other current assets	15,162	4,698
Accounts payable, accrued expenses and other current liabilities	103,831	9,358
Income taxes payable	5,144	(7,492)
Other, net	(2,348)	193
Net cash provided by operating activities	46,554	105,003
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of a subsidiary, net of cash disposed of	0	2,535
Purchases of property, plant and equipment	(11,030)	(14,246)
Proceeds from sales of property, plant and equipment	93	207
Investment in private equity fund	(1,452)	(2,335)
Proceeds from private equity fund	371	0
Purchase of short-term investments	(242,000)	(400,000)
Maturity of short-term investments	389,000	440,000
Net cash provided by investing activities	134,982	26,161
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment for finance lease	(341)	(310)
Repurchase of common stock/treasury stock	(7,387)	(80,100)
Payments related to tax on vested equity compensation	(350)	(331)
Common stock cash dividends paid	(21,454)	(32,667)
Net cash used in financing activities	(29,532)	(113,408)
Effect of exchange rate changes on cash and cash equivalents	861	1,578
Changes in cash and cash equivalents	152,865	19,334
Cash and cash equivalents at beginning of period	215,708	227,147
Cash and cash equivalents at end of period	368,573	246,481
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Capital distribution reinvested in private equity fund	953	0
Property, plant and equipment included in accounts payable and accrued expenses	6,541	0
Lease liabilities arising from obtaining right-of-use assets	4,574	0
Dividends payable	10,729	0
CASH paid FOR:
Interest	111	95
Income taxes, net of refunds	$ 23,114	$ 21,490

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 04, 2026	Oct. 04, 2025
Current assets
Cash and cash equivalents	$ 368,573	$ 215,708
Short-term investments	148,000	295,000
Accounts and other receivable, net of allowance for doubtful accounts of $ - and $ -, respectively	329,498	183,538
Inventories, net	227,118	160,225
Prepaid expenses and other current assets	31,796	47,064
Total current assets	1,104,985	901,535
Property, plant and equipment, net	66,274	58,993
Operating right-of-use assets	32,567	32,193
Goodwill	69,522	69,522
Intangible assets, net	4,676	5,600
Deferred tax assets	16,258	16,109
Equity investments	10,789	6,978
Investment in debt securities	10,000	10,000
Other assets	4,015	3,412
TOTAL ASSETS	1,319,086	1,104,342
Current liabilities
Accounts payable	116,887	57,178
Operating lease liabilities	6,083	6,178
Accrued expenses and other current liabilities	159,774	97,786
Income taxes payable	38,069	27,029
Total current liabilities	320,813	188,171
Deferred tax liabilities	34,496	35,533
Income taxes payable	10,684	16,580
Operating lease liabilities	32,035	32,372
Other liabilities	9,101	10,195
TOTAL LIABILITIES	407,129	282,851
Commitments and contingent liabilities (Note 16)
SHAREHOLDERS' EQUITY
Preferred stock, without par value: Authorized 5,000 shares; issued - none	0	0
Common stock, without par value: Authorized 200,000 shares; issued 85,364 and 85,364, respectively; outstanding 52,333 and 51,920 shares, respectively	634,232	620,043
Treasury stock, at cost, 33,031 and 33,444 shares, respectively	(976,708)	(974,202)
Retained earnings	1,276,677	1,199,500
Accumulated other comprehensive loss	(22,244)	(23,850)
TOTAL SHAREHOLDERS' EQUITY	911,957	821,491
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,319,086	$ 1,104,342