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Kulicke & Soffa Updates Outlook for its Fiscal Second Quarter 2021
Mon, April 19, 2021, 8:05 AM
Reports Improving Supply Chain Dynamics
SINGAPORE, April 19, 2021 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), today announced that it expects revenue to be approximately $340 million and non-GAAP earnings per share to be approximately $1.20 for the second fiscal quarter, ended April 3, 2021.
Kulicke & Soffa Logo (PRNewsfoto/Kulicke & Soffa Industries, Inc.)
Strong demand for K&S solutions continued to stem from the general semiconductor, automotive and LED end-markets throughout the second fiscal quarter. In addition, the Company has continued to drive adoption of its leading-edge semiconductor offerings supporting high-density assembly, and also its advanced LED solutions supporting emerging mini-LED capable displays.
Fusen Chen, President and Chief Executive Officer, stated, "We remain very focused in supporting our customers' capacity expansion plans while also delivering new solutions that address fundamental challenges within the growing assembly market. Separately, we have also made significant progress to mitigate near-term supply chain constraints, which improves our outlook into the fiscal second half."
K&S will provide additional commentary regarding performance of its most recent fiscal period and will also update its full fiscal year outlook during its fiscal second quarter earnings call, which is scheduled for 8am EDT on May 6, 2021.
The estimates set forth above are unaudited and should be considered preliminary and subject to change. Accordingly, you should not place undue reliance on this preliminary data, which may differ materially from the Company's final results. This estimate has been prepared by and is the responsibility of management. Kulicke & Soffa's independent registered public accounting firm has not audited, compiled, performed any procedures on or reviewed the preliminary financial data, and accordingly does not express an opinion or any other form of assurance with respect to the preliminary financial data. |
