Copper First Hybrid Bonding Process Win
Kulicke and Soffa announced a significant foundry win with their Copper First Hybrid Bonding Process, highlighting their competitive edge in advanced packaging technologies.
Revenue and EPS Performance
The company delivered revenue of $181.3 million and a non-GAAP EPS of $0.34, with improvements in semiconductor, automotive, industrial, and memory markets.
Strong Demand in Automotive and Industrial Sectors
Demand improved in these sectors, with expectations for continued recovery, driven by a 25% year-over-year increase in EV sales.
Project W Reimbursement
Kulicke and Soffa reached an agreement for reimbursement of a significant portion of their Project W-related charges, expected to benefit their December quarter.
Positive Outlook for Fiscal 2025
The company anticipates growth due to technology wins and improving market conditions, predicting a cyclical recovery in key markets.