---
schema_version: "secwatch.filing_event.v1"
accession: "0000056978-24-000062"
form_type: "8-K"
ticker: "KLIC"
cik: "0000056978"
company_name: "KULICKE & SOFFA INDUSTRIES INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:26:35.330607+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kulicke & Soffa reports Q2 2024 net loss of $102.7M; Project W charges $105.5M

## Summary
- Q2 2024 net revenue $172.1M (flat YoY); GAAP net loss $102.7M, EPS -$1.83.
- Non-GAAP net loss $53.2M, EPS -$0.95; significant YoY decline from positive earnings.
- Pre-tax charges from Project W cancellation: $105.5M, below the $110-130M expected range.
- GAAP gross margin 9.6% (down 3900 bps YoY); operating margin -61.1%.
- Company emphasizes operational efficiency and increased share repurchase activity.

## SEC filing metadata
- accession: 0000056978-24-000062
- form_type: 8-K
- ticker: KLIC
- cik: 0000056978
- company_name: KULICKE & SOFFA INDUSTRIES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56978/000005697824000062/0000056978-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56978/000005697824000062/klic-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000056978-24-000062
- JSON: https://secwatch.observer/filing/0000056978-24-000062.json
- Plain text: https://secwatch.observer/filing/0000056978-24-000062.txt

## Key facts
- Earnings Releases
  KULICKE & SOFFA INDUSTRIES INC reported second fiscal quarter ended March 30, 2024 results: revenue $172.1 million, net income net loss of $102.7 million, EPS $(1.83) per fully diluted share.
  - Period: second fiscal quarter ended March 30, 2024
  - Revenue: $172.1 million
  - Net income: net loss of $102.7 million
  - EPS: $(1.83) per fully diluted share
  - Result: reported results
  source text: The Company reported second quarter net revenue of $172.1 million, net loss of $102.7 million, representing EPS of $(1.83) per fully diluted share, and non-GAAP net loss of $53.2 million, representing non-GAAP EPS of $(0.95) per fully diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56978/000005697824000062/0000056978-24-000062-index.htm

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