Cohu Q1 revenue $197.8M beats; non-GAAP EPS $0.66; Q2 guide $205-221M

COHU INC

2022-Q1 EPS reported $0.44 revenue$197,757,000

Q1 revenue $197.8M (up 3.1% QoQ); GAAP EPS $0.44; non-GAAP EPS $0.66.
Gross margin 46.1%; record order backlog; $45M incremental tester design-win orders.
Q2 sales guidance $205M-$221M; on track for mid-term goal of 25% non-GAAP op income at $1B revenue.
Cash $358.6M; Term Loan B $95.3M; repurchased 213,706 shares for $6.4M in Q1.

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