Every material Form 8-K Kulicke and Soffa Industries has filed with the SEC since May 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kulicke and Soffa's compensation committee approved an amended and restated Incentive Compensation Plan on October 13, 2026, effective for fiscal 2027. The plan swaps Net Income and Operating Margin for Operating Profit and Gross Margin as corporate performance measures, and adds an individual goal component for Executive Leadership Team awards. For shareholders, this changes how management bonuses are tied to financial results.
Corporate performance measures changed from Net Income and Operating Margin (50% each) to Operating Profit and Gross Margin (50% each)
For fiscal 2027, Executive Leadership Team awards will be 85% based on corporate financial performance and 15% on individual goals
Business unit scorecards may be tailored by growth phase and strategic priorities, within existing governance
Plan approved October 13, 2026; filed in Form 8-K dated October 14, 2026
Kulicke & Soffa named Dr. Raj Talluri as President and Chief Executive Officer effective September 1, 2026, and elected him to its Board effective August 17, 2026. Interim CEO Lester Wong will remain Executive Vice President and Chief Financial Officer. The filing also sets out Talluri's pay, including a $750,000 base salary and a one-time new-hire equity award with a target value of $14.0 million.
Talluri becomes President and CEO on September 1, 2026, and joined the Board on August 17, 2026.
Talluri was President and CEO of Enovix Corporation from January 2023; he was at Micron Technology from March 2018 to December 2022.
Offer letter terms include a $750,000 base salary, a target bonus of 110% of base salary, and a $6.0 million target annual equity award.
Lester Wong, interim CEO, continues as Executive Vice President and Chief Financial Officer.
Kulicke and Soffa reported fiscal third-quarter 2026 net revenue of $330.4 million, up from $148.4 million a year earlier and $242.6 million in the prior quarter, and GAAP net income of $57.4 million, or $1.07 per diluted share, compared with a loss of $0.06 per share a year earlier. The company expects fourth-quarter net revenue of about $375 million, plus or minus $20 million, and GAAP diluted EPS of about $1.29, plus or minus 10%.
Net revenue of $330.4 million vs. $148.4 million in fiscal Q3 2025 and $242.6 million in fiscal Q2 2026
GAAP diluted EPS of $1.07 vs. a loss of $0.06 a year earlier; non-GAAP diluted EPS of $1.20 vs. $0.07
Fourth-quarter fiscal 2026 outlook: net revenue about $375 million (+/- $20 million), GAAP diluted EPS about $1.29 (+/- 10%)
Gross margin of 47.8%; repurchased 5.0 thousand shares for $0.5 million; webcast set for August 6, 2026 at 8:00 am ET
Kulicke and Soffa reported fiscal second-quarter 2026 net revenue of $242.6 million and GAAP net income of $35.1 million, or $0.66 per diluted share, compared with a net loss of $84.5 million a year earlier. The company guided third-quarter net revenue to about $310 million, plus or minus $20 million, and said it will increase fiscal 2026 capital expenditure to support Thermo-Compression bonding system production.
Q2 net revenue of $242.6 million, up from $162.0 million a year earlier and $199.6 million in fiscal Q1 2026
GAAP diluted EPS of $0.66 versus a loss of $1.59 a year earlier; non-GAAP diluted EPS of $0.79
Q3 fiscal 2026 outlook: net revenue of about $310 million +/- $20 million, GAAP diluted EPS of about $0.87, non-GAAP diluted EPS of about $1.00
Fiscal 2026 capital expenditure expected to rise from about $12 million to about $22 million, supporting up to about $400 million in annual TCB system sales
Kulicke and Soffa reported first fiscal quarter 2026 results for the quarter ended January 3, 2026, with net revenue of $199.6 million and GAAP net income of $16.8 million, or $0.32 per diluted share. The year-earlier GAAP results included a $76.0 million gain relating to cessation of business, which weighs on the year-over-year comparison, while non-GAAP diluted EPS rose to $0.44 from $0.37. The company expects second-quarter fiscal 2026 net revenue of about $230 million, though operating activities used $8.9 million of cash in the quarter.
Net revenue of $199.6 million, up from $166.1 million a year earlier and $177.6 million in fiscal Q4 2025.
GAAP diluted EPS of $0.32, down from $1.51 a year earlier, when results included a $76.0 million gain relating to cessation of business.
Non-GAAP diluted EPS of $0.44, up from $0.37 a year earlier.
Second-quarter fiscal 2026 outlook: net revenue about $230 million (+/- $10 million), GAAP diluted EPS about $0.53 and non-GAAP diluted EPS about $0.67.
Kulicke and Soffa reported fiscal fourth-quarter 2025 net revenue of $177.6 million, down from $181.3 million a year earlier but up from $148.4 million in the prior quarter. GAAP diluted EPS was $0.12, down from $0.22 a year earlier, and the company guided to GAAP diluted EPS of about $0.18 for the first quarter of fiscal 2026.
Q4 fiscal 2025 GAAP diluted EPS was $0.12 versus $0.22 a year earlier; non-GAAP diluted EPS was $0.28 versus $0.34.
Fiscal 2025 net revenue was $654.1 million versus $706.2 million, with net income of $0.2 million versus a net loss of $69.0 million in fiscal 2024.
First quarter fiscal 2026 outlook: net revenue about $190 million (+/- $10 million), GAAP diluted EPS about $0.18, non-GAAP diluted EPS about $0.33.
The company repurchased 2.4 million shares for $96.5 million in fiscal 2025, and cash, cash equivalents and short-term investments totaled $510.7 million as of October 4, 2025.
Kulicke and Soffa CEO Fusen Chen will retire as President, CEO and board member effective December 1, 2025, due to health reasons, and will advise the board for 12 months afterward. CFO Lester Wong was appointed interim CEO effective immediately while the board searches for a permanent successor, and the company reaffirmed its fourth quarter fiscal 2025 outlook.
Fusen Chen retires as President and CEO effective December 1, 2025, and will receive $75,000 per month as an advisor for 12 months
Lester Wong, Executive Vice President and CFO, named interim CEO effective October 28, 2025, with a monthly stipend of S$35,000 and RSUs valued at S$600,000
Company reaffirmed fourth quarter fiscal 2025 outlook and plans to report results on November 19, 2025
Kulicke and Soffa said Executive Vice President and General Manager of K&S Products & Solutions Chan Pin Chong will retire effective December 1, 2025, to spend more time with his family. Wire Bonding leader Ivy Qin and Advanced Solutions leader John Molnar will take over his duties and report to CEO Fusen Chen effective immediately.
Chan Pin Chong notified the company on October 8, 2025 of his plan to retire effective December 1, 2025
Ivy Qin (VP & GM, Wire Bonding) and John Molnar (VP & GM, Advanced Solutions) assume his duties effective immediately
Both successors report directly to CEO Fusen Chen, per the October 14, 2025 press release
Kulicke and Soffa reported third-quarter fiscal 2025 net revenue of $148.4 million, down 18.3% from a year earlier, and a GAAP net loss of $3.3 million, or $(0.06) per diluted share. Non-GAAP net income was $3.8 million, or $0.07 per share. The company expects fourth-quarter net revenue of about $170 million, plus or minus $10 million, and non-GAAP diluted EPS of about $0.22, plus or minus 10%.
Q3 net revenue $148.4 million, down 18.3% year over year and down 8.4% from Q2 fiscal 2025
GAAP net loss $3.3 million, or $(0.06) per diluted share, versus net income of $12.3 million a year earlier
Non-GAAP net income $3.8 million, or $0.07 per diluted share; GAAP operating loss $6.1 million
Q4 fiscal 2025 outlook: net revenue about $170 million +/- $10 million; GAAP diluted EPS about $0.08 +/- 10%
Kulicke & Soffa reported fiscal second-quarter 2025 results for the period ended March 29, 2025. Net revenue fell 5.9% year over year to $162.0 million, and GAAP net loss was $84.5 million, or $(1.59) per diluted share, driven largely by about $86.6 million in pre-tax charges tied to its planned cessation of the Electronics Assembly equipment business. The company expects third-quarter revenue of about $145 million, plus or minus $10 million, and a GAAP diluted loss of about $(0.09) per share.
Net revenue of $162.0 million, down 5.9% from $172.1 million in the prior-year quarter; GAAP net loss of $84.5 million narrowed from $102.7 million a year earlier.
Non-GAAP net loss of $27.9 million, or $(0.52) per diluted share, versus GAAP $(1.59).
Pre-tax charges of about $86.6 million related to the intended cessation of the Electronics Assembly equipment business, announced March 31, 2025.
Third-quarter fiscal 2025 outlook: net revenue about $145 million plus or minus $10 million; GAAP diluted EPS about $(0.09); non-GAAP diluted EPS about $0.05.
Kulicke and Soffa's board approved on March 25, 2025 a plan to wind down its Electronics Assembly equipment business to focus on core semiconductor assembly. The company expects total pre-tax charges of $86 million to $100 million, mostly non-cash, and will recognize most in its second fiscal quarter of 2025, with the wind down expected over the coming 12 months and subject to local approval and works council consultation.
Expected total pre-tax charges of $86 million to $100 million, including about $34 million of goodwill and intangible asset impairments and $25 million to $30 million of inventory write-downs
Cash costs include $11 million to $13 million of severance and $12 million to $15 million of contract termination charges
Expected reductions to annual figures once fully implemented: $25 million to $29 million in revenue, $7 million to $11 million in gross profit, and $24 million to $28 million in operating expenses
Majority of wind down expected to be completed in the first half of fiscal 2026; further near-term outlook to be shared on the second fiscal quarter earnings call
Kulicke & Soffa reported first quarter fiscal 2025 net revenue of $166.1 million, down 3% from a year earlier, and GAAP net income of $81.6 million, or $1.51 per diluted share. GAAP results include a $76.0 million gain relating to cessation of business, while non-GAAP net income rose 19.1% to $20.2 million, or $0.37 per diluted share. The company expects second quarter revenue of approximately $165 million, plus or minus $10 million.
Net revenue of $166.1 million, down 3% from the prior-year quarter and down 8.4% from the fourth quarter of fiscal 2024
GAAP net income of $81.6 million, or $1.51 per diluted share, versus $9.3 million, or $0.16, a year earlier; includes a $76.0 million gain relating to cessation of business
Non-GAAP net income of $20.2 million, or $0.37 per diluted share, up 19.1% from the prior-year quarter
Second quarter fiscal 2025 outlook: net revenue approximately $165 million +/- $10 million; non-GAAP diluted EPS approximately $0.19 +/- 10%
Kulicke and Soffa reported fiscal fourth-quarter 2024 net revenue of $181.3 million, down 10.4% from a year earlier, with GAAP net income of $12.1 million, or $0.22 per diluted share, down 46.3%. For the first quarter of fiscal 2025, the company expects net revenue of about $165.0 million, plus or minus $10 million, and non-GAAP diluted EPS of about $0.28, which includes a claim or proceeds from the cessation of business related to Project W.
Q4 fiscal 2024 net revenue $181.3 million, down 10.4% year over year; GAAP diluted EPS $0.22 versus $0.41 a year earlier
Non-GAAP diluted EPS $0.34, down 33.3% year over year; fiscal 2024 net loss of $69.0 million, or $(1.24) per share, including $44.5 million in impairment charges
Q1 fiscal 2025 outlook: net revenue about $165.0 million, +/- $10 million; GAAP diluted EPS about $1.45, including a $75.0 million claim or proceeds item; non-GAAP diluted EPS about $0.28
Company repurchased 3.2 million shares for $151.0 million in fiscal 2024; cash and short-term investments were $577.1 million as of September 28, 2024
Kulicke & Soffa reported fiscal third-quarter 2024 net revenue of $181.7 million, down 4.9% from a year earlier, and GAAP net income of $12.3 million, or $0.22 per diluted share, compared with $4.2 million a year earlier. For the nine months, the company posted a GAAP net loss of $81.1 million, which includes $44.5 million in impairment charges, and it guided fourth-quarter net revenue to about $180 million, plus or minus $10 million.
Q3 net revenue $181.7 million, down 4.9% from $190.9 million in fiscal Q3 2023 and up 5.6% from fiscal Q2 2024
GAAP net income $12.3 million, or $0.22 per diluted share, versus $4.2 million, or $0.07, a year earlier; non-GAAP net income $19.3 million, or $0.35 per share, down 39.4%
Nine-month GAAP net loss of $81.1 million, including $44.5 million in impairment charges
Q4 fiscal 2024 outlook: net revenue about $180 million plus or minus $10 million; GAAP diluted EPS about $0.22 plus or minus 10%; the company repurchased 0.9 million shares for $44.0 million in the quarter
Kulicke & Soffa reported fiscal second-quarter 2024 net revenue of $172.1 million, down 0.5% from a year earlier, and a net loss of $102.7 million, or $(1.83) per diluted share, compared with net income of $15.0 million a year earlier. The loss reflects pre-tax charges tied to the cancellation of Project W, and the company expects third-quarter net revenue of about $180 million with GAAP diluted EPS of about $0.17.
Net revenue of $172.1 million, down 0.5% from $173.0 million in the same quarter last year.
Net loss of $102.7 million, or $(1.83) per diluted share; non-GAAP net loss was $53.2 million, or $(0.95) per share.
Pre-tax charges related to Project W totaled $105.5 million, including a $44.5 million impairment charge.
Third-quarter fiscal 2024 outlook: net revenue of about $180 million +/- $10 million and GAAP diluted EPS of about $0.17 +/- 10%.
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