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, Inc. reported fiscal Q1 2022 net sales of $197.8 million, a 3.1% increase from Q4 2021. Gross margin remained strong at 46.1%. The company achieved $45 million in incremental design-win orders, contributing to a record order backlog. Net income was $21.6 million or $0.44 per share. Non-GAAP income was $32.6 million or $0.66 per share. Cohu expects Q2 sales between $205 million and $221 million, reflecting a positive outlook driven by effective supply chain management and customer acquisitions.
Cohu, Inc. (NASDAQ: COHU) will release its financial results for the first quarter on April 28, 2022, at 1:00 PM PT. A conference call and webcast will follow at 1:30 PM PT to discuss these results. Investors can dial in using specific numbers or access the webcast through the company's website. The replay of the teleconference will be available until May 5, 2022. Cohu is a leader in back-end semiconductor equipment and services.
Cohu, Inc. (NASDAQ: COHU) reported a record revenue of $887 million for 2021, reflecting a 39% growth year-over-year. The fourth quarter net sales reached $191.9 million, with a GAAP income of $20.9 million, translating to $0.42 per share. Non-GAAP results showed significant profitability, with an annual non-GAAP EPS of $3.20, up 169% from 2020. The company achieved a 130% increase in inspection & metrology revenue and expects Q1 2022 sales between $188 million and $202 million.
Cohu, a leader in back-end semiconductor equipment, will announce its financial results for Q4 and FY 2021 on February 10, 2022, at 1:00 PM PT. The company will conduct a conference call at 1:30 PM PT to discuss the results, accessible via phone and webcast on its website. Investors can access the teleconference replay until February 17, 2022. Cohu focuses on delivering innovative solutions for semiconductor manufacturing.
Cohu, a leader in back-end semiconductor equipment and services, will participate in the 24th Annual Needham Virtual Growth Conference on January 11, 2022. The company is scheduled for a one-on-one session and will present at 10:45 a.m. EST. Presentation materials will be available on the Investor Relations section of www.cohu.com. Portfolio managers and analysts can coordinate meetings with their banking representatives.
Cohu, Inc. (NASDAQ: COHU) has revised its mid-term financial targets to forecast annual revenue of $1 billion and non-GAAP EPS of $4.00. This adjustment reflects anticipated growth driven by a surge in the Inspection and Metrology market, projected to double revenue in 2021 to $70 million, and increased penetration in the semiconductor test equipment sector. The introduction of the DI-Core platform emphasizes Cohu's commitment to software data analytics. CEO Luis Müller expressed optimism about record revenue and profitability for the fiscal year 2021.
Cohu, Inc. (NASDAQ: COHU) announced a significant order for multiple Diamondx testers from a major South Korean display driver manufacturer. These testers are designed for AMOLED driver ICs used in mobile devices, chosen for their proven high test parallelism and scalability, facilitating faster production and market delivery. Cohu estimates the display driver IC test market to be around $150 million. This order aligns with Cohu's strategy to expand its market reach and enhance growth prospects in the semiconductor testing sector.
Cohu, Inc. (NASDAQ: COHU) announced its participation in the 10th Annual December CEO Summit on December 8, 2021, at St. Regis San Francisco. This event will feature small group meetings with executive management and is by invitation only for accredited investors and analysts. Attendees must show proof of COVID vaccination. Registration closes on November 29, 2021. Presentation materials will be available on Cohu's investor website. Cohu is a leader in back-end semiconductor equipment and services.
Cohu, Inc. (NASDAQ: COHU) announced its participation in two upcoming investor conferences. The first is the Stifel 2021 Virtual Midwest One-on-One Growth Conference on November 11, 2021, followed by the 12th Annual Craig-Hallum Alpha Select Conference on November 16, 2021. Both conferences will feature a one-on-one meeting format. Presentation materials will be available on Cohu's Investor Relations website. Cohu is a leader in back-end semiconductor equipment and services, providing advanced solutions for semiconductor manufacturing.
Cohu, Inc. (NASDAQ: COHU) reported third quarter 2021 net sales of $225.1 million, a 49% increase year-over-year, with a GAAP income of $23.7 million or $0.48 per share. For the first nine months, net sales reached $695.4 million and GAAP income was $146.4 million or $3.04 per share. The company announced a $70 million share repurchase program. Looking ahead, fourth quarter sales are projected between $182 million and $195 million. Cohu's strong demand for test systems and current 87% test cell utilization underline its growth.