Why Kulicke & Soffa Stock Slumped by Nearly 10% Today

Kulicke and Soffa (KLIC) reported Q3 fiscal 2026 earnings of $1.20 per share, beating estimates by 20%, with revenues up 122.6% YoY to $330.4M. Growth driven by AI, data-center demand, and advanced packaging. Management expects Q4 revenues of $375M and strong demand into fiscal 2027.

Kulicke and Soffa (KLIC) appointed Dr. Raj Talluri as CEO, effective September 1, 2026. Talluri's semiconductor experience may influence the company's focus on advanced packaging and power semiconductors. The company guided Q4 2026 revenue at $375 million and EPS at $1.29. Analysts project $1.8 billion revenue and $500.1 million earnings by 2029, with some expressing caution about timing risks.

Kulicke & Soffa (KLIC) shares fell nearly 10% after announcing Raj Talluri as its new CEO, replacing interim CEO Lester Wong. The delay in appointing a permanent CEO and profit-taking following a strong earnings report contributed to the sell-off. Talluri previously held executive roles at Micron Technology and Qualcomm.

Kulicke and Soffa Industries (K&S) said Raj Talluri will become president and CEO effective Sept. 1 and join the board effective Aug. 17. He replaces Fusen Chen. Interim CEO Lester Wong stays as CFO. K&S reported Q sales of $330.4M and net income of $57.4M, and guided Q4 FY26 net revenue to about $375M plus or minus $20M.

K&S (KLIC) Q3 2026 earnings call said revenue rose 36.2% sequentially in the June quarter and 123% year over year. General semiconductor revenue reached $227.2M (+52.6% sequential). GAAP gross margin was 47.8%, GAAP EPS $1.07 and non-GAAP EPS $1.20. For September quarter, revenue is forecast $375M (+13.5%); GAAP EPS $1.29, non-GAAP $1.42.

Kulicke & Soffa (NASDAQ:KLIC) reported Q2 CY2026 revenue of $330.4 million, up 123% year on year, beating Wall Street estimates by 5.7%. Non-GAAP EPS was $1.20, 19.2% above consensus. Management guided next-quarter revenue to $375 million midpoint and said inventory levels improved, with DIO at 120.