Kulicke and Soffa (KLIC) reported QQ2 2024 revenue of $172.1 million with GAAP results heavily impacted by a non-cash impairment related to the cancellation of Project W. Management highlighted an ongoing recovery narrative across core semiconductor markets and a multi‑year growth trajectory centered on Memory (VFO), Advanced Dispense, and Thermocompression (TCB) within Advanced Packaging. The company also announced a sizable near‑term order (1,000 RAPID Pro systems) and reiterated a cadence of improving demand from high‑volume semiconductor customers, while acknowledging near‑term headwinds in automotive and certain end markets. In the near term, management guided to roughly $180 million revenue for the June quarter with gross margins around 47%, and GAAP EPS of $0.17 (non-GAAP EPS $0.30), underscoring a diverging path between gross profitability from core operations and impairment-driven GAAP results. The balance sheet remains robust, with substantial cash and short‑term investments and a net cash position, offering ample liquidity to fund R&D and selective share repurchases as the company advances its technology‑driven growth vectors.