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Cohu, Inc. - COHU STOCK NEWS

Welcome to our dedicated page for Cohu news (Ticker: COHU), a resource for investors and traders seeking the latest updates and insights on Cohu stock.

Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California. The company provides innovative solutions that enable its customers—who are also leaders in automotive, computing, mobility, IoT, communications, high-speed memory, industrial, and solid-state lighting sectors—to overcome some of the toughest challenges in semiconductor testing.

Cohu Inc. offers an extensive range of technologies that can be integrated into various handler platforms to optimize semiconductor test processes. Its product portfolio comprises:

  • Digital Test Handlers: Pick-and-place semiconductor test handlers, burn-in equipment, and thermal sub-systems, commonly referred to as Delta Design products.
  • Analog Test Handlers: Gravity feed, test-in-strip handlers, MEMS test units, and turret-based test handling and back-end finishing equipment for ICs, LEDs, and discrete components, commonly known as Rasco products.
  • Interface Products: Including test contactors, probe heads, and probe pins.
  • Automated Test Equipment (ATE): Advanced systems for semiconductor testing.
  • Spare Parts and Kits: Essential components for maintaining and upgrading testing equipment.

Furthermore, Cohu Inc. serves semiconductor manufacturers and test subcontractors with micro-electro-mechanical system (MEMS) test modules, test contactors, thermal sub-systems, and bare board PCB test systems. The company operates primarily within one reportable segment: Semiconductor Test and Inspection Equipment.

In recent times, Cohu Inc. has been involved in several groundbreaking projects and partnerships, enhancing its financial condition and expanding its market footprint. The company continues to focus on innovation and excellence, ensuring its products meet the evolving demands of the semiconductor industry.

Latest News: Stay updated with the most recent developments and performances of Cohu Inc. to get insights into their latest projects, financial updates, and market trends.

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Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024, at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time. The company will host a live conference call and webcast with presentation materials to discuss the results at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time.

Interested parties can listen live via webcast on Cohu's investor relations website or participate via telephone by registering in advance to receive the dial-in number and a unique PIN. The webcast replay will be available on the company's website through July 31, 2025.

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Cohu, a global supplier of semiconductor manufacturing equipment and services, has announced its participation in the 16th Annual CEO Investor Summit. The event will take place in-person on July 10, 2024, at the St. Regis Hotel in San Francisco. Cohu's management will be presenting at this summit, and the presentation materials will be available on the investor section of Cohu’s website.

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Cohu (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment, announced a multi-year contract worth an estimated $100 million. The deal involves providing test and inspection automation systems to a leading European electronics and semiconductor manufacturer over the next five years. Highlighting this contract is the first design win for Cohu's new Krypton inspection platform, which features advanced NV-Core vision technology. Krypton targets the automotive and industrial markets, offering up to 30% higher throughput and uptime. This win reinforces Cohu's position in the semiconductor test and inspection market, with the automotive sector projected to grow 10% annually, reaching $135 billion by 2028.

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Cohu, Inc. (NASDAQ: COHU) will be presenting at several upcoming investor conferences, including the B. Riley Securities 24th Annual Institutional Investor Conference, TD Cowen 52nd Annual Technology, Media & Telecom Conference, Stifel 2024 Cross Sector Insight Conference, and Baird 2024 Global Consumer, Technology & Services Conference. Portfolio managers and analysts can schedule meetings through their banking representatives. Presentation materials will be accessible on the company's Investor Relations website.

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Cohu, Inc. (NASDAQ: COHU) has appointed Karen M. Rapp to its Board of Directors. Ms. Rapp brings extensive experience in corporate development, financial management, and information technology. With a background in leading companies like National Instruments Corp. and NXP Semiconductors N.V., her expertise will be valuable for Cohu's strategic growth.

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Cohu, Inc. (NASDAQ: COHU) reported first quarter 2024 net sales of $107.6 million with a GAAP loss of $14.6 million or $0.31 per share. Non-GAAP income was $0.6 million or $0.01 per share. The company repurchased shares and made a cash payment to repay outstanding amounts. Cohu expects second quarter 2024 sales to be around $105 million. Recurring revenue remained profitable despite the semiconductor industry downturn.

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Cohu, Inc. (NASDAQ: COHU) will announce its first quarter 2024 financial results on May 2, 2024. The Company will host a live conference call and webcast to discuss the results. Interested parties can listen via webcast or participate via telephone by registering in advance.
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Cohu, Inc. announced the selection of its Sense+ system with µ-sense by a leading U.S. fabless semiconductor manufacturer for testing high-fidelity microphones. The company's latest product, the µ-sense tester, provides precision measurements up to 78 dB signal-to-noise-ratio, eliminating the need for anechoic rooms. Cohu's MEMS test solutions cater to the growing MEMS microphone sensor market projected to reach $6.2 billion annually. The integration of µ-sense with Sense+ automation platform enhances accuracy, sensitivity, and high-speed production for testing next-gen microphones.
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Cohu, Inc. reported a full-year 2023 revenue of $636 million with a fourth-quarter revenue of $137 million. The company paid off $29.3 million of Term Loan B in early 2024 and introduced AI inspection software to boost vision yield. Cohu's GAAP income for 2023 was $28.2 million, with a fourth-quarter GAAP loss of $2.0 million. Non-GAAP income for 2023 was $77.9 million, with a fourth-quarter income of $11.1 million. The company repurchased shares and expects first-quarter 2024 sales to be around $107 million.
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Cohu, Inc. expects fourth quarter 2023 revenue in-line with guidance at approximately $137 million, but first quarter 2024 revenue is anticipated to be approximately 20% lower than fourth quarter 2023. The demand for test and inspection equipment has remained soft, with a drop in estimated equipment utilization. The company is experiencing softer demand for test and inspection systems in segments such as automotive, industrial semiconductor devices, consumer, mobility, and computing. However, recurring revenue remains resilient. Cohu is focused on new product development and customer qualifications to position the company for recovery and ramp in the second half of 2024.
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FAQ

What does Cohu Inc. specialize in?

Cohu Inc. specializes in semiconductor test and inspection equipment, providing advanced solutions for various industries including automotive, computing, and IoT.

Where is Cohu Inc. headquartered?

Cohu Inc. is headquartered in Poway, California, within San Diego County.

What are some of the main products offered by Cohu Inc.?

Cohu Inc.'s main products include semiconductor ATE, semiconductor handlers, interface products like test contactors and probe heads, spares and kits, and bare board PCB test systems.

Who are the primary customers of Cohu Inc.?

Cohu Inc.'s primary customers are global leaders in industries such as automotive, computing, mobility, IoT, communications, and high-speed memory.

In which market segment does Cohu Inc. operate?

Cohu Inc. operates primarily within the Semiconductor Test and Inspection Equipment segment.

What recent achievements has Cohu Inc. accomplished?

Cohu Inc. has been part of several major projects and partnerships aimed at enhancing its financial condition and expanding its market presence.

Does Cohu Inc. offer any specialized test modules?

Yes, Cohu Inc. offers micro-electro-mechanical system (MEMS) test modules among its diverse product offerings.

What industries benefit from Cohu Inc.'s products?

Industries such as automotive, computing, IoT, high-speed memory, industrial, and solid-state lighting benefit from Cohu Inc.'s products.

What makes Cohu Inc.'s products unique?

Cohu Inc.'s products are known for their ability to integrate enabling technologies into handler platforms, optimizing semiconductor tests and meeting complex customer requirements.

How can I stay updated with the latest news about Cohu Inc.?

You can stay updated by following the latest news and developments on Cohu Inc. on their official website and financial news platforms.

Cohu, Inc.

Nasdaq:COHU

COHU Rankings

COHU Stock Data

1.49B
47.09M
2.68%
92.11%
2.29%
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
POWAY