---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012562"
form_type: "8-K"
ticker: "COHU"
cik: "0000021535"
company_name: "COHU INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:09:40.881225+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-012562
- form_type: 8-K
- ticker: COHU
- cik: 0000021535
- company_name: COHU INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/21535/000143774923012562/0001437749-23-012562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/21535/000143774923012562/cohu20230503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012562
- JSON: https://secwatch.observer/filing/0001437749-23-012562.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012562.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774923012562/0001437749-23-012562-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.