SEGMENT INFORMATION (Tables)

3 Months Ended

Jan. 03, 2026

The following table reflects operating information by segment for the three months ended January 3, 2026 and December 28, 2024:



(in thousands)	Three months ended January 3, 2026
	Reportable segments								Reconciling items
	Ball Bonding Equipment		Wedge Bonding Equipment		Advanced Solutions		APS		All Others		Unallocated Corporate Expenses		Total Company

Net Revenue	$	110,283	$	21,121	$	17,221	$	39,624	$	11,376	$	—	$	199,625
Cost of sales	54,910		12,846		9,626		18,978		4,304		6		100,670

Selling, general and administrative	6,641		2,396		4,535		3,298		3,773		20,116		40,759
Research and development	10,256		6,251		14,029		2,852		3,016		3,972		40,376
Total operating expenses	16,897		8,647		18,564		6,150		6,789		24,088		81,135

Income / (Loss) from operations	$	38,476	$	(372)	$	(10,969)	$	14,496	$	283	$	(24,094)	$	17,820



(in thousands)	Three months ended December 28, 2024
	Reportable segments								Reconciling items
	Ball Bonding Equipment		Wedge Bonding Equipment		Advanced Solutions		APS(1)		All Others(1)		Unallocated Corporate Expenses		Total Company

Net Revenue	$	59,686	$	32,223	$	28,178	$	32,117	$	13,920	$	—	$	166,124
Cost of sales	30,998		17,906		6,304		14,950		8,873		9		79,040

Selling, general and administrative	5,614		2,122		(69,308)		3,001		2,900		18,298		(37,373)
Research and development	9,646		5,492		12,608		2,483		5,787		1,792		37,808
Total operating expenses	15,260		7,614		(56,700)		5,484		8,687		20,090		435

Income / (Loss) from operations	$	13,428	$	6,703	$	78,574	$	11,683	$	(3,640)	$	(20,099)	$	86,649

(1) In view of the cessation of EA equipment business, the financial results for the three months ended January 3, 2026 now excludes a certain product line from the APS segment and now reports it as part of "All Others". This change in composition of reportable segments has been retrospectively applied to the corresponding results for the three months ended December 28, 2024.

The following table reconciles total segment profit to total income / (loss) before income taxes for the three months ended January 3, 2026 and December 28, 2024:





	Three months ended
	January 3, 2026		December 28, 2024
Total income from reportable segments	$	41,631	$	110,388
All Others	283		(3,640)
Unallocated corporate expenses	(24,094)		(20,099)
Net interest income	4,719		6,325
Income before income taxes	$	22,539	$	92,974

Schedule of net revenue by Capital Equipment end markets

The following table reflects net revenue by end markets served for the three months ended January 3, 2026 and December 28, 2024:





	Three months ended
(in thousands)		January 3, 2026		December 28, 2024
General Semiconductor (1)		$	124,682	$	65,559
Automotive & Industrial (1)		13,635		50,454

Memory (1)		16,222		10,725
APS (1)		45,086		39,386
Total revenue		$	199,625	$	166,124

(1) In view of the cessation of EA equipment business, the Company has simplified its end market disclosures by consolidating LED revenue within Automotive & Industrial revenue. As a result, the net revenue recorded within the previously-defined LED end market for prior periods has been consolidated within the Automotive & Industrial end market to conform to the current period presentation.

Capital expenditures, depreciation and amortization expense

The following table reflects capital expenditures, depreciation expense and amortization expense for the three months ended January 3, 2026 and December 28, 2024:





	Three months ended
(in thousands)		January 3, 2026		December 28, 2024
Capital expenditures:
Ball Bonding Equipment		$	35	$	7
Wedge Bonding Equipment		76		35
Advanced Solutions		—		78
APS(1)		749		307
All Others (1)		5		225
Corporate Expenses		1,204		1,459
		$	2,069	$	2,111

Depreciation expense:
Ball Bonding Equipment		$	275	$	332
Wedge Bonding Equipment		227		227
Advanced Solutions		261		235
APS (1)		1,199		1,397
All Others (1)		282		330
Corporate Expenses		1,407		1,246
		$	3,651	$	3,767

Amortization expense:
Ball Bonding Equipment		$	—	$	—
Wedge Bonding Equipment		—		—
Advanced Solutions		—		—
APS (1)		—		—
All Others (1)		216		1,154
Corporate Expenses		92		92
		$	308	$	1,246

KULICKE & SOFFA INDUSTRIES INC 10-Q