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 described in its public communications as a global supplier of equipment and services that optimize semiconductor manufacturing yield and productivity. The company provides test, automation, inspection and metrology products and services to semiconductor manufacturers and test subcontractors, and it regularly issues news updates that reflect both its operational progress and its capital markets activity.
On this news page, readers can review Cohu’s press releases covering topics such as quarterly financial results, including GAAP and non-GAAP performance metrics, and commentary from management on business trends. Cohu’s news also includes announcements about participation in investor conferences and summits, where management meets with portfolio managers, analysts and accredited investors to discuss the company’s semiconductor test, automation, inspection and metrology offerings and strategic priorities.
Another key category of Cohu news involves product and technology updates. The company has reported developments in advanced semiconductor applications, including activity in AI data center markets and the selection of its Eclipse platform, equipped with T-Core Active Thermal Control, for production testing of next-generation processor devices. These announcements highlight how Cohu’s equipment is used in high-performance computing and complex semiconductor test environments.
Cohu also issues news related to financing and capital structure, such as the offering, pricing and closing of its 1.50% Convertible Senior Notes due 2031 and the associated capped call transactions. These releases describe the terms of the notes, intended use of proceeds and the expected impact on potential share dilution. Investors and analysts can use this page as a centralized source for Cohu’s official news flow, including earnings, technology milestones, investor events and financing updates.
Cohu, Inc. (NASDAQ: COHU) has announced the deployment of its Predictive Maintenance (PdM) software by a major European IDM. This software, part of Cohu's DI-Core Data Intelligence System, enhances semiconductor manufacturing by providing real-time analytics, thereby increasing equipment efficiency and reducing downtime. The global predictive maintenance software market is estimated at $1.0B and is projected to grow at a 20% CAGR. CEO Luis Müller expressed satisfaction with the deployment, which aims to optimize automated test processes for their handlers.
Cohu, Inc. (NASDAQ: COHU) has announced that a leading MEMS sensor manufacturer has chosen its new Sense+ test platform for advanced gyroscopic sensors. The Sense+ offers up to a 10x increase in test accuracy, high throughput for delicate devices, and flexibility for different sensors, extending its useful life. The MEMS sensor market is expected to grow 7% annually to around $18 billion. Cohu aims to enhance test economics with Sense+, which automates testing and inspection for complex MEMS devices.
Cohu, Inc. has appointed Andreas W. Mattes to its Board of Directors effective November 1, 2022. Mattes, who brings over 30 years of global technology leadership experience, previously transformed Coherent, Inc. and led its $6.6 billion acquisition. His extensive background includes roles as CEO at Diebold Nixdorf and Siemens Communications. Cohu's leadership anticipates that Mattes will contribute strategic insights and enhance the company's growth potential in the semiconductor sector.
Cohu, Inc. (NASDAQ: COHU), a leader in semiconductor manufacturing solutions, announced its participation in Stifel’s 2022 Midwest One-on-One Growth Conference on November 10, 2022, at the Waldorf Astoria in Chicago. The event aims to connect portfolio managers and analysts with company executives for discussions on business strategies and market insights. Attendees are encouraged to schedule meetings through their banking representatives. Presentation materials will be available on the company's Investor Relations website.
Cohu, Inc. reported third-quarter 2022 revenue of $206.7 million, down from $217.2 million in Q2 2022 and $225.1 million in Q3 2021. GAAP net income was $24.9 million or $0.51 per share, while non-GAAP net income was $36.1 million or $0.74 per share. Cohu's recurring revenue, accounting for 42% of total revenue, demonstrates resilience despite industry cycles. The company approved a $70 million increase in its share repurchase program and maintained a strong cash position of $369.4 million at the quarter's end.
Cohu, Inc. (NASDAQ: COHU) will announce its third-quarter financial results on October 27, 2022, at 1:00 PM PT. A live conference call will follow at 1:25 PM PT, accessible via webcast on the investor relations website. Participants can also register for telephone access. The webcast replay will be available until October 27, 2023. Cohu is a technology leader providing solutions to the semiconductor industry, enhancing manufacturing yield and efficiency.
Cohu, a leader in back-end semiconductor equipment, is set to participate in several investor conferences in August and September 2022. The events include the D.A. Davidson Big Sky Tech Conference in Big Sky, MT (August 22-23), the 3rd Annual Needham Virtual Conference (August 24), Citi's Global Technology Conference in New York (September 9), and Goldman Sachs Communacopia + Technology Conference in San Francisco (September 14). Presentation materials will be available on Cohu's Investor Relations website.
Cohu, Inc. (NASDAQ: COHU) reported second quarter 2022 net sales of $217.2 million, representing a 9.8% increase from the previous quarter. The company's GAAP net income reached $28.8 million or $0.59 per share. For the first six months of 2022, net sales were $415.0 million, with a GAAP income of $50.3 million or $1.02 per share. Additionally, Cohu's non-GAAP income for Q2 was $39.7 million or $0.81 per share. The company maintains a strong cash position of $368.1 million and continues to diversify its customer base.
Cohu, Inc. (NASDAQ: COHU) will announce its second-quarter financial results on Thursday, July 28, 2022, at 1:00 p.m. PT. The company will hold a live conference call and webcast at 1:25 p.m. PT to discuss these results. Interested participants can access the webcast on Cohu’s investor relations website. A replay of the webcast will be available through July 28, 2023. Cohu is a leader in back-end semiconductor equipment and services, providing cutting-edge solutions for semiconductor manufacturing.
Cohu, a leader in semiconductor equipment, has updated its fiscal Q2 2022 guidance. Expected revenue ranges from