Cohu Inc Stock Price, News & Analysis

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 $216 million to $218 million, exceeding the previous midpoint of $213 million, with recurring revenue around 39%. The backlog is projected at $342 million, to be shipped over the next three quarters. Cohu repurchased over 504,000 shares for $14 million and reduced its term loan B balance by $16 million. Ending cash balance is anticipated to be approximately $368 million.

Cohu, Inc. (NASDAQ: COHU) announced participation in the 14th Annual CEO Summit on July 13, 2022, at the St. Regis Hotel, San Francisco. This exclusive event features a round-robin format for small group meetings with company management. Materials from the summit will be available on Cohu's investor page at www.cohu.com. The summit is invitation-only, aimed at accredited investors and research analysts, and attendees should RSVP early due to limited space.

Cohu, Inc. (NASDAQ: COHU) announced that a leading U.S. semiconductor manufacturer has selected its Diamond_x platform for testing IoT devices, enhancing test parallelism. The Diamond_x platform, equipped with RedDragon RF instrumentation, supports testing for emerging technologies such as 5G and Wi-Fi 7. CEO Luis Müller highlighted the platform's cost-effectiveness, replacing multiple testers with a single solution to improve throughput up to 480V. This adoption underscores Cohu's strategy for expanding market applications in the mixed signal sector.