Cohu raises mid-term target to $1B revenue and non-GAAP EPS of $4.00

COHU INC

Fiscal 2021 forecast for record revenue and profitability.
Mid-term target raised to $1B annual revenue and $4.00 non-GAAP EPS.
Growth driven by Inspection & Metrology (revenue from $35M to $70M), RF front-end test, and DI-Core platform.
Order demand remains strong entering FY2022; estimated 5-year revenue CAGR of ~26%.
Company highlights expansion in WLCSP probe cards and software analytics for Industry 4.0.

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