Cohu Q1 sales $179.4M; GAAP EPS $0.33, non-GAAP $0.56; guides Q2 $161-173M

COHU INC

2023-Q1 EPS reported $0.33 revenue$179,371,000

Q1 net sales $179.4M, down 6% sequentially and 9% YoY; GAAP net income $15.7M ($0.33/share), down from $21.6M ($0.45) in Q4.
Non-GAAP net income $26.9M ($0.56/share), down from $33.5M ($0.70) in Q4 and $32.6M ($0.66) in Q1 2022.
Gross margin 48.1% (GAAP) / 48.2% (non-GAAP); received large order for SiC device test automation & inspection.
Term Loan B prepaid $35M, principal reduced to $32M; cash and investments $324.3M at quarter end.
Q2 FY2023 sales guidance $161-173M, below Q1's $179.4M; repurchased 99,682 shares for $3.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COHU INC reported first quarter ended April 1, 2023 results: revenue $179.4 million, net income $15.7 million, EPS $0.33 per share.

Period: first quarter ended April 1, 2023
Revenue: $179.4 million
Net income: $15.7 million
EPS: $0.33 per share
Result: reported results

Exact text from the filing

Cohu, Inc. (NASDAQ: COHU), a global leader in semiconductor equipment and services, today reported fiscal 2023 first quarter net sales of $179.4 million and GAAP income of $15.7 million or $0.33 per share.

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Source: SEC EDGAR

accession 0001437749-23-012562

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