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Kulicke & Soffa Nasdaq : KLIC Quarterly Earnings Review August 6 , 2026 Q3F26 Ended July 4 , 2026 1 Kulicke & Soffa
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2 Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based onmanagement’s expectations as of August 5, 2026. These statements are“forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the factors listed or discussed in our 2025 Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. A reconciliation of non-GAAP items is included in this presentation and available within our most recently filed earnings release. Use of Non-GAAP Financial Results In addition to U.S. GAAP ("GAAP") results, this presentation also contains the following non-GAAP financial results: income from operations, operating margin, operating expenses, net income, net margin, net income per fully diluted share and adjusted free cash flow. The Company's non-GAAP results exclude amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation, acquisition and integration costs, impairment relating to assets acquired through business combinations, long-lived asset impairment relating to business cessation or disposal, impairment relating to equity investments, income tax expense/benefit arising from discrete tax items triggered by acquisition, disposal of business (both via a sale or an abandonment), restructuring and significant changes in tax laws, gain/loss on disposal of business, as well as tax benefits or expenses associated with the foregoing non-GAAP items. The non-GAAP adjustments may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. These non-GAAP measures are consistent with the way management analyzes and assesses theCompany’s operating results. The Company believes these non-GAAP measures enhanceinvestors’ understanding of theCompany’s underlying operational performance, as well as their ability to compare theCompany’s period-to-period financial results and theCompany’s overall performance to that of its competitors. Management uses both GAAP metrics as well as these non-GAAP metrics to evaluate the Company's operating and financial results. Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in theCompany’s industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on theCompany’s reported financial results. The presentation of non-GAAP items is meant to supplement, but not substitute for, GAAP financial measures or information. The Company believes the presentation of non-GAAP results in combination with GAAP results provides better transparency to the investment community when analyzing business trends, providing meaningful comparisons with prior period performance and enhancing investors' ability to view the Company's results from management's perspective. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure presented in this presentation is contained in the Appendix to this presentation.
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Q3F26 Update Delivering Technology and Capacity Solutions Revenue $330.4M Net Income $57.4M Non-GAAP Net Income* $64.2M EPS $1.07 Non-GAAP EPS* $1.20 3 Q3F26 Results *Please see Non-GAAP Reconciliation for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures. Overview • Executing Ramp while Scaling LT Capacity ◦ 36.2% sequential revenue increase QoQ ◦ Adv solutions facility expansion remains on schedule • Demand accelerating faster than expected ◦ Led by General Semiconductor & Memory ◦ AI catalysts for Adv Pack adoption & transition ◦ Auto/Industrial improved sequentially • Advanced Solutions Focused ◦ New record level segment revenue ◦ Many close customer engagements across end markets ◦ FTC + Next generation platforms - Hybrid & Panel • Strong demand for K&S technology solutions - FTC, Vertical Wire, Power Semi • Demand broadening beyond Data Center • Utilization increasing across all end markets • 75 Years of Innovation!
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General Semi Data Center centric global capacity & technology - both HV & Adv Pack Memory Data Center now largest NAND market and key structural driver Auto & Industrial Gradual improvements continue, demand for high-power solutions increased APS Utilization-driven APS solutions robust, aligned with higher industry production Q3F26 Revenue Composition By End Market As a percent of total Company revenue Revenue per quarter (millions USD) Quarter Avg = Period avg over 5 preceding years
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Delivering technology solutions while scaling growth platform Continued focus on operational efficiency Strong sequential revenue improvement Q3F26 Financial Results $330.4M Up 36.2% Q/Q $82.6M Up $8.8M Q/Q 22.9% $1.20 5 *Please see Non-GAAP Reconciliation for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures.
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$Millions, except %, EPS, and share count Q3F26 Q2F26 Q3F25 Q/Q Y/Y Revenue $330.4 $242.6 $148.4 $87.8 $182.0 Gross Margin 47.8% 49.3% 46.7% -150 bps 110 bps Operating Expenses $89.7 $81.1 $75.3 $8.6 $14.4 Operating Income / (Loss) $68.3 $38.6 $(6.1) $29.7 $74.4 Non-GAAP Net Income* $64.2 $42.1 $3.8 $22.1 $60.4 Diluted EPS $1.07 $0.66 $(0.06) $0.41 $1.13 Non-GAAP Diluted EPS* $1.20 $0.79 $0.07 $0.41 $1.13 Diluted Share Count 53.4 M 53.1 M 52.7 M 0.3 M 0.7 M *Please see Non-GAAP Reconciliation for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures.6 Income Statement Q3F26 Summary Items
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$Millions Q3F26 Q2F26 Q1F26 Q4F25 Q3F25 Accounts and Other Receivables $329.5 $255.6 $215.8 $183.5 $173.8 Inventory $227.1 $206.3 $176.5 $160.2 $158.3 Accounts Payable $116.9 $85.4 $68.9 $57.2 $52.7 Net Cash* $195.8 $254.3 $284.3 $322.5 $368.0 Working Capital Days** 214 278 323 362 450 Share Repurchases $0.5 $0.1 $6.7 $16.7 $21.6 Dividends $10.7 $10.7 $10.7 $10.6 $10.8 Balance Sheets & Cash Flow Q3F26 Summary Items 7 *Net cash = Total Cash & Investments less Current Liabilities **Calculated using ending period values
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Supporting capacity & technology needs across served markets Close operational orchestration remains essential to ramp production efficiently Outlook Q4F26 8 $375M +/- $20M 48.0% +/- 100 bps $1.42 +/- 10% $87.5M +/- 2% *Please see Non-GAAP Reconciliation for composition of Non-GAAP guidance items. * Anticipate strength to extend into Fiscal 1H27
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For additional information investor.kns.com investor@kns.com Earnings Review Q&A
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Three months ended July 4, 2026 June 28, 2025 April 4, 2026 Net revenue $ 330,409 $ 148,413 242,621 U.S. GAAP income / (loss) from operations 68,266 (6,094) 38,566 U.S. GAAP operating margin 20.7 % (4.1)% 15.9 % Pre-tax non-GAAP items: Amortization related to intangible assets 308 308 307 Restructuring 190 287 418 Equity-based compensation 7,044 7,092 6,991 Non-GAAP income from operations $ 75,808 $ 1,593 $ 46,282 Non-GAAP operating margin 22.9 % 1.1 % 19.1 % Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited) Non-GAAP Reconciliations
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Reconciliation of U.S. GAAP to Non-GAAP Operating Expenses (In thousands) (Unaudited) Non-GAAP Reconciliations Three months ended July 4, 2026 June 28, 2025 April 4, 2026 U.S. GAAP operating expenses $ 89,683 $ 75,337 $ 81,138 Total Non-GAAP adjustments Equity-based compensation - Selling, general and administrative 4,377 4,527 4,398 Equity-based compensation - Research and development 2,239 2,189 2,166 Amortization related to intangible assets 308 308 307 Restructuring 190 287 418 Non-GAAP operating expenses $ 82,569 $ 68,026 $ 73,849
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Three months ended July 4, 2026 June 28, 2025 April 4, 2026 Net revenue $ 330,409 $ 148,413 $ 242,621 U.S. GAAP net income / (loss) 57,416 (3,289) 35,148 U.S. GAAP net margin 17.4 % (2.2)% 14.5 % Non-GAAP adjustments: Amortization related to intangible assets 308 308 307 Restructuring 190 287 418 Equity-based compensation 7,044 7,092 6,991 Net income tax benefit on non-GAAP items (730) (626) (728) Total non-GAAP adjustments $ 6,812 $ 7,061 $ 6,988 Non-GAAP net income $ 64,228 $ 3,772 $ 42,136 Non-GAAP net margin 19.4 % 2.5 % 17.4 % Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Non-GAAP Reconciliations
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Three months ended July 4, 2026 June 28, 2025 April 4, 2026 U.S. GAAP net income / (loss) per share: Basic $ 1.10 $ (0.06) $ 0.67 Diluted(a) $ 1.07 $ (0.06) $ 0.66 Non-GAAP adjustments per share:(b) Basic $ 0.13 $ 0.13 $ 0.14 Diluted $ 0.13 $ 0.13 $ 0.13 Non-GAAP net income per share: Basic $ 1.23 $ 0.07 $ 0.81 Diluted(c) $ 1.20 $ 0.07 $ 0.79 Weighted average shares outstanding: Basic 52,333 52,692 52,327 Diluted 53,429 52,866 53,121 Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Non-GAAP Reconciliations (a) GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating GAAP diluted net loss per share because it would be anti-dilutive. (b) Non-GAAP adjustments per share include amortization related to intangible assets acquired through business combinations, costs associated with restructuring and severance, equity-based compensation expenses, and income tax effects associated with the foregoing non-GAAP items. (c) Non-GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock, but that effect is excluded when calculating Non-GAAP diluted net loss per share because it would be anti-dilutive.
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Three months ended July 4, 2026 June 28, 2025 April 4, 2026 U.S. GAAP net cash provided by operating activities $ 45,216 $ 7,380 $ 10,271 Purchases of property, plant and equipment (4,277) (2,090) (4,077) Proceeds from sales of property, plant and equipment 18 147 74 Non-GAAP adjusted free cash flow $ 40,957 $ 5,437 $ 6,268 Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow (In thousands) (unaudited) Non-GAAP Reconciliations
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Non-GAAP Adjustments A. Equity-based compensation - Cost of sales 0.4 B. Equity-based compensation - Selling, general and administrative and Research and development 6.6 C. Amortization related to intangible assets 0.3 D. Restructuring expenses 0.7 E. Net income tax effect of the above items (0.8) Reconciliation of U.S. GAAP to Non-GAAP Outlook (In millions, except per share data) (Unaudited) (1) GAAP and non-GAAP diluted EPS based on approximately 53.0 million diluted weighted average shares outstanding. The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, unannounced restructuring activities, strategic investments and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control. Non-GAAP Reconciliations Fourth quarter of fiscal 2026 ending October 3, 2026 GAAP Outlook Adjustments Non-GAAP Outlook Net revenue $375 million +/- $20 million — $375 million +/- $20 million Operating expenses $95.1 million +/- 2% $7.6 million B,C, D $87.5 million +/- 2% Diluted EPS(1) $1.29 +/- 10% $0.13 A - E $1.42 +/- 10%