earnings
confidence high
sentiment neutral
materiality 0.70
Cohu Q3 revenue $206.7M, GAAP EPS $0.51; guides Q4 sales $180-198M
COHU INC
2022-Q3 EPS reported
$1.53
revenue$621,670,000
- Q3 revenue $206.7M, down from $225.1M YoY and $217.2M QoQ.
- GAAP net income $24.9M ($0.51/share); non-GAAP net income $36.1M ($0.74/share).
- Board authorized $70M increase in share repurchase program; repurchased 637,700 shares in Q3.
- Q4 FY2022 sales guidance: $180M to $198M, implying sequential decline.
- Recurring business ~42% of Q3 revenue; 87% service contract renewal rate.