Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2023 Earnings Conference Call May 4, 2023 8:00 AM ET
Company Participants
Joe Elgindy - Senior Director, Investor Relations
Fusen Chen - President and Chief Executive Officer
Lester Wong - Chief Financial Officer
Conference Call Participants
Tom Diffely - D.A. Davidson
Dave Duley - Steelhead Securities
Krish Sankar - Cowen and Company
Charles Shi - Needham and Company
Tyler Burmeister - Craig-Hallum
Operator
Hello and welcome to the Kulicke & Soffa 2023 Second Quarter Results Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to turn the call over to, Joe Elgindy, Senior Director, Investor Relations. Please go ahead, Joe.
Joe Elgindy
Welcome everyone, to Kulicke & Soffa’s fiscal second quarter 2023 conference call. Fusen Chen, President and Chief Executive Officer and Lester Wong, Chief Financial Officer are both also joining today’s call.
Non-GAAP financial measures, referenced today, should be considered in addition to, not as a substitute for, or in isolation from our GAAP financial information. Complete GAAP to non-GAAP reconciliation tables are available within our recently filed earnings release, as well as our earnings presentation. This information, in addition to our prepared remarks for today’s call, are available at investor.kns.com.
In addition to historical statements, today’s remarks will contain statements relating to future events and our future results. These statements are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results and financial condition may differ materially from what is indicated in those forward-looking statements.
For a complete discussion of the risks associated with Kulicke & Soffa that could affect our future results and financial condition, please refer to our recent SEC filings, specifically the 10-K for the year ended October 1, 2022, and the 8-K filed yesterday.
With that said, I would now like to turn the call over to Fusen Chen for the business overview. Please go ahead Fusen.
Fusen Chen
Thank you Joe. We continue to operate in a very dynamic global environment and remain focused on expanding served markets through close customer engagements, prudent acquisitions, and ongoing development activities.
Macro factors such as global banking issues, inflation and downstream inventory digestion are all contributing to a slow, but still gradual, rate of demand improvement over the coming quarters. While the pace of macro-driven recovery remains gradual, we see strengthening demand in our high-volume markets and broadening customer adoption and interest of our latest advanced packaging systems.