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Kulicke & Soffa Industries , Inc. Kulicke & Soffa Reports Second Quarter 2021 Results Delivers GAAP Operating Margin of 24.4 % and Strong Outlook SINGAPORE , May 5 , 2021 / PRNewswire / -- Kulicke and Soffa Industries , Inc. ( NASDAQ : KLIC ) ( " Kulicke & Soffa , " " K & S " or the " Company " ) , today announced financial results of its second fiscal quarter ended April 3 , 2021. The Company reported second quarter net revenue of $ 340.2 million , net income of $ 71.3 million , representing EPS of $ 1.13 per fully diluted share , and non - GAAP net income of $ 79.4 million , representing non - GAAP EPS of $ 1.26 per fully diluted share . Net Revenue Gross Profit Gross Margin Quarterly Results - U.S. GAAP Change vs. Fiscal Q2 2021 Fiscal Q2 2020 Income from Operations Operating Margin Net Income Net Margin EPS - Diluted Net Margin EPS Diluted Income from Operations Operating Margin Net Income $ 340.2 million $ 148.5 million 43.7 % $ 83.1 million 24.4 % $ 71.3 million 21.0 % $ 1.13 Quarterly Results - Non - GAAP up 125.7 % up 114.3 % down 230 bps up 648.6 % up 1700 bps up 499.2 % up 1310 bps up 494.7 % Fiscal Q2 2021 $ 89.8 million 26.4 % $ 79.4 million 23.4 % $ 1.26 Change vs. Fiscal Q2 2020 up 441 % up 1540 bps up 367.1 % up 1210 bps up 384.6 % Change vs. Fiscal Q1 2021 up 27 % up 22.2 % down 170 bps up 53.9 % up 420 bps up 47.3 % up 290 bps up 46.8 % Change vs. Fiscal Q1 2021 up 50.2 % up 410 bps up 47.9 % up 340 bps up 46.5 % A reconciliation between the GAAP and non - GAAP adjusted results is provided in the financial tables included in this release . See also the " Use of non - GAAP Financial Results " section . Due to ongoing global supply chain challenges and strong business conditions , the Company incurred expediting fees and spot purchases of $ 4.9 million during the second fiscal quarter . These incremental expenses materially contributed to the sequential gross margin change in the second fiscal quarter and are anticipated to continue temporarily through the second fiscal half of 2021. Management remains committed to fundamental gross margin improvement over the long - term . Fusen Chen , Kulicke & Soffa's President and Chief Executive Officer , stated , " Demand continues to be strong for our solutions and is supported by structural dynamics , including the increasing global reliance on semiconductors and the increasing capital intensity within the semiconductor assembly process . These improving dynamics , combined with our ongoing strategic execution in supporting technology change for leading - edge applications and also for the display market , provide many new opportunities for shareholder value creation . " Second Quarter Fiscal 2021 Financial Highlights • Net revenue of $ 340.2 million . • Gross margin of 43.7 % . • Net income of $ 71.3 million or $ 1.13 per share ; non - GAAP net income of $ 79.4 million or $ 1.26 per share . • Cash , cash equivalents , and short - term investments were $ 564.3 million as of April 3 , 2021 . Third Quarter Fiscal 2021 Outlook The Company currently expects net revenue in the third fiscal quarter of 2021 ending July 3 , 2021 to be approximately $ 400 million +/- $ 20 million , and expects non - GAAP EPS to be approximately $ 1.35 +/- 10 % . Looking forward , Fusen Chen commented , " Our global operations and R & D teams have aggressively worked to mitigate supply chain constraints within our control . While ongoing challenges remain , these efforts have allowed us to further support our customers during this period of industry growth and increase our outlook into the second fiscal half . "