Cohu Q2 revenue $168.9M, EPS $0.22 GAAP/$0.48 non-GAAP; guides Q3 sales ~$150M

COHU INC

2023-Q2 EPS reported $0.55 revenue$348,292,000

Q2 net sales $168.9M vs $217.2M a year ago; GAAP net income $10.6M ($0.22/share).
Non-GAAP net income $22.8M ($0.48/share); gross margins 47.6% GAAP, 47.8% non-GAAP.
Q3 2023 sales guidance of approximately $150M, down from Q2's $168.9M.
Repurchased 77,203 shares for ~$2.7M in Q2; cash and investments $372.3M.
CEO cites resilient recurring business and improving thermal handler demand for hyperscaling.

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