earnings
confidence high
sentiment negative
materiality 0.75
Cohu Q3 revenue $150.8M, GAAP EPS $0.08; Q4 guidance $136M +/-$6M
COHU INC
2023-Q3 EPS reported
$0.63
revenue$499,096,000
- Revenue $150.8M, down 27% YoY from $206.7M; GAAP net income $3.9M ($0.08/sh).
- Non-GAAP net income $16.9M ($0.35/sh) vs $36.1M ($0.74/sh) in Q3 2022.
- Acquired Equiptest Engineering (EQT) on Oct 2 for test interface products, expanding recurring revenue.
- Q4 2023 sales guidance: $136M +/-$6M; repurchased 133,100 shares for $4.7M in Q3.
- Total cash & investments $387.6M; Term Loan B principal $30.2M.