KULICKE & SOFFA INDUSTRIES INCKLIC

KULICKE & SOFFA INDUSTRIES INC Revenue Disclosure

10-KFiled Nov 20, 20252 min read
. REVENUE AND CONTRACT BALANCES
The Company recognizes revenue when we satisfy performance obligations as evidenced by the transfer of control of our products or services to customers. In general, the Company generates revenue from product sales, either directly to customers or to distributors. In determining whether a contract exists, we evaluate the terms of the agreement, the relationship with the customer or distributor and their ability to pay. Service revenue is generally recognized over time as the services are performed. For the for the fiscal years ended October 4, 2025, September 28, 2024 and September 30, 2023, the service revenue was not material.
The Company reports revenue based on its reportable segments and end markets, which provides information about how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Please refer to Note 15: Segment Information, for disclosure of revenue by segment and end market.
Contract Balances
As of
(in thousands)October 4, 2025September 28, 2024September 30, 2023
Contract liabilities
$23,936 $18,646 $4,797 
Our contract liabilities are primarily related to payments received in advance of satisfying performance obligations, and are reported in the accompanying Consolidated Balance Sheets within accrued expenses and other current liabilities.
Contract liabilities increased as a result of receiving new advanced payments from customers, partially offset by the recognition in revenue of $15.9 million that was included in contract liabilities as of September 28, 2024. Revenue recognized during fiscal year 2024 that was included in deferred revenue as of September 30, 2023 was $4.5 million.

Historical Timeline

Fiscal YearFiled
2025Nov 20, 2025Showing above
2024Nov 14, 2024
2023Nov 16, 2023
2022Nov 17, 2022
2021Nov 18, 2021
2020Nov 20, 2020
2019Nov 15, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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