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. reports business developments as a global supplier of test, automation, inspection and metrology products, software analytics solutions and services for the semiconductor industry. Company news commonly covers quarterly results, recurring revenue from services, interface solutions and handler-related spares, and demand trends tied to semiconductor test cell utilization.
Updates also include customer orders and design-win activity for platforms such as Eclipse, which is configured for high-performance computing and AI datacenter processor testing, as well as PAICe Prescriptive software analytics for production efficiency. Cohu communications frequently address automotive ADAS, power devices, computing AI and HBM inspection metrology applications.
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.
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.
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.
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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