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Kulicke & Soffa Reports Strong Q1 2017 Results
February 10, 2017 | Kulicke & Soffa Industries Inc.Estimated reading time: 1 minute
Kulicke and Soffa Industries Inc., a leading provider of semiconductor packaging and electronic assembly solutions, has announced net revenue of $149.6 million for its first fiscal quarter ended December 31, 2016, up by 37.9% compared to the same period in the previous year. Net income was $15.6 million, up by 17,224.2% compared to Q1 2016.
Dr. Fusen Chen, Kulicke & Soffa’s President and CEO, stated, "These strong results, representing a 38% top-line improvement over the same period one year ago, helped drive the strongest December quarter EPS in eight years. This improvement is largely related to a strengthening environment within our core wire, wedge and consumables businesses facilitated through significant alignment with memory, automotive and industrial applications."
First Quarter Fiscal 2017 Key Product Trends
- Ball bonder equipment net revenue increased by 5.1% over the September quarter.
- Wedge bonder equipment net revenue increased by 35.7% over the September quarter.
Second Quarter Fiscal 2017 Outlook
The company currently expects net revenue in the second fiscal quarter of 2017 ending April 1, 2017 to be approximately $185 million to $195 million.
Looking forward, Dr. Fusen Chen commented, "After several lower semiconductor unit growth years, our near term outlook coupled with healthy ball bonding utilization rates provides further support to our business outlook. In addition to advanced packaging, we continue to be well positioned to benefit from many near-term opportunities throughout our core ball and wedge bonding solutions supporting automotive, memory and industrial applications."
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