Kulicke and Soffa Industries (KLIC) kicked off Q1 2026 with total revenue of US$199.6 million and basic EPS of US$0.32, setting a cleaner earnings picture against a still loss making trailing twelve month profile. The company has seen quarterly revenue move from US$166.1 million in Q1 2025 to US$199.6 million in Q1 2026, while basic EPS shifted from US$1.52 in Q1 2025 through a volatile stretch that included losses in mid 2025 before landing at US$0.32 this quarter. This puts the focus firmly on how durable margins really are as the recovery story takes shape.

See our full analysis for Kulicke and Soffa Industries.

With the latest numbers on the table, the next step is to see how this earnings print lines up with the widely shared turnaround and profitability narratives around KLIC, and where those stories may need a reset.

TTM still loss making at US$64.6 million

• Over the last twelve months, KLIC booked a net loss of US$64.6 million on US$687.6 million of revenue, with basic EPS at a loss of US$1.23, which contrasts with the single quarter profit of US$16.8 million and EPS of US$0.32 in Q1 2026.
• What stands out for a bullish view that focuses on a turnaround is that the recent quarterly profit sits against a trailing record where losses reportedly grew at about 49.8% per year over five years, so:
  • Supporters can point to the shift from a TTM loss of US$64.6 million to Q1 2026 net income of US$16.8 million as evidence that the business can produce profit in individual periods.
  • At the same time, critics of the bullish case can highlight that trailing EPS is still a loss of US$1.23 and that the longer term record in the data is one of increasing losses, so the burden of proof sits on whether recent quarters can be repeated consistently.

Sequential profit rebuild since mid 2025

• Quarterly net income moved from a loss of US$3.3 million in Q3 2025 to a profit of US$6.4 million in Q4 2025 and then US$16.8 million in Q1 2026, alongside revenue of US$148.4 million, US$177.6 million and US$199.6 million respectively.
• Bears who focus on recent losses and volatility still have material points from the history, yet this three quarter pattern creates some tension with a purely bearish stance because:
  • The worst period in this set, Q2 2025, shows a loss of US$84.5 million on US$162.0 million of revenue, while the more recent three quarters in the data all show positive net income that adds up to roughly US$26.0 million.
  • Skeptical investors may still point to the prior extreme loss and the TTM loss of US$64.6 million as reasons to be cautious that these recent profits could prove uneven, even as others see the same numbers as early signs of a repair story.

On the back of these swings between loss and profit, many investors will want to see how the full story since 2024 lines up with longer term narratives and valuation checks for KLIC, and See our latest analysis for Kulicke and Soffa Industries. can help you connect these dots in one place.

Mixed valuation signals versus forecasts

• KLIC trades at about US$66.40 per share with a P/S of 5.1x versus a cited US Semiconductor industry average of 5.3x and a peer average of 3.1x, while the provided DCF fair value is US$13.72, which is materially below the share price.
• Supporters of a bullish outlook often lean on the forecasts in the data, yet the current valuation metrics create a clear test for that optimism because:
  • Forecasts in the dataset call for earnings growth of 134.33% per year and revenue growth of 17.9% per year, with an expectation of a return to profitability within three years, which bulls may view as a path that could justify paying a higher multiple now.
  • On the other hand, the same dataset shows a TTM loss of US$64.6 million, multi year loss growth of about 49.8% per year and a DCF fair value of US$13.72 compared with a US$66.40 share price, which cautious investors can use to argue that the market is already paying well above the cash flow based estimate.

If you want to see how different investors interpret those growth forecasts against today’s multiples and cash flow estimate, the full community view in Curious how numbers become stories that shape markets? Explore Community Narratives is a handy way to compare frameworks side by side.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Kulicke and Soffa Industries's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

Explore Alternatives

KLIC still carries a TTM net loss of US$64.6 million against a DCF fair value of US$13.72 versus a US$66.40 share price.

If that gap between recent profits and a much lower cash flow estimate worries you, check out our 55 high quality undervalued stocks that aim to line up stronger value with your thesis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.