Cohu Q2 revenue $217.2M, down 11% YoY; Q3 guidance $198-212M

COHU INC

2022-Q2 EPS reported $1.02 revenue$414,983,000

Revenue $217.2M, up 9.8% QoQ but down 11.3% YoY from $244.8M.
GAAP net income $28.8M ($0.59/share) vs $95.1M ($1.92/share) in Q2 2021.
Non-GAAP net income $39.7M ($0.81/share) vs $44.2M ($0.89/share) a year ago.
Q3 FY2022 sales guidance $198M-$212M; gross margin 46.5% (GAAP & non-GAAP).
Repurchased 504,102 shares for $14.0M in Q2; cash $368.1M, Term Loan B $79.3M.

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