---
schema_version: "secwatch.filing_event.v1"
accession: "0000056978-23-000024"
form_type: "8-K"
ticker: "KLIC"
cik: "0000056978"
company_name: "KULICKE & SOFFA INDUSTRIES INC"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:18:16.903059+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kulicke & Soffa Q1 net revenue $176.2M, down 61.8% YoY; EPS $0.25 GAAP, $0.37 non-GAAP

## Summary
- Net revenue $176.2M, down 61.8% YoY and 38.5% sequentially.
- GAAP net income $14.6M ($0.25 diluted EPS); non-GAAP net income $21.8M ($0.37 diluted EPS).
- Gross margin 50.3% (up 190bps YoY); operating margin 6.7% (down 2610bps YoY).
- Revenue decline driven by softer demand and customer inventory correction.
- Recognized initial revenue for fluxless thermocompression and LUMINEX advanced display systems.

## SEC filing metadata
- accession: 0000056978-23-000024
- form_type: 8-K
- ticker: KLIC
- cik: 0000056978
- company_name: KULICKE & SOFFA INDUSTRIES INC
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56978/000005697823000024/0000056978-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56978/000005697823000024/klic-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000056978-23-000024
- JSON: https://secwatch.observer/filing/0000056978-23-000024.json
- Plain text: https://secwatch.observer/filing/0000056978-23-000024.txt

## Key facts
- Earnings Releases
  KULICKE & SOFFA INDUSTRIES INC reported first fiscal quarter ended December 31, 2022 results: revenue $176.2 million, net income $14.6 million, EPS $0.25 per fully diluted share.
  - Period: first fiscal quarter ended December 31, 2022
  - Revenue: $176.2 million
  - Net income: $14.6 million
  - EPS: $0.25 per fully diluted share
  - Result: reported results
  source text: The Company reported first quarter net revenue of $176.2 million, net income of $14.6 million, representing EPS of $0.25 per fully diluted share, and non-GAAP net income of $21.8 million, representing non-GAAP EPS of $0.37 per fully diluted share .
  evidence_url: https://www.sec.gov/Archives/edgar/data/56978/000005697823000024/0000056978-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.