---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004350"
form_type: "8-K"
ticker: "COHU"
cik: "0000021535"
company_name: "COHU INC"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:34:09.400920+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cohu Q4 2023 revenue $137M, GAAP loss $0.04/shr; pays off $29.4M Term Loan B; Q1 guide $107M

## Summary
- Paid off remaining $29.4M Term Loan B on Feb 9, 2024, terminating the $350M Credit Agreement.
- Q4 2023 revenue $137.2M (down 28% YoY from $191.1M); GAAP net loss $2.0M ($0.04 loss per share).
- Non-GAAP Q4 net income $11.1M ($0.23 per share) down from $33.5M ($0.70) in Q4 2022.
- Full year 2023 revenue $636.3M (down 22% YoY); GAAP net income $28.2M ($0.59 per share) vs $96.8M in 2022.
- Q1 2024 sales guidance $107M +/- $6M, significantly below Q4; launched AI software and new Philippines factory.

## SEC filing metadata
- accession: 0001437749-24-004350
- form_type: 8-K
- ticker: COHU
- cik: 0000021535
- company_name: COHU INC
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/cohu20240213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004350
- JSON: https://secwatch.observer/filing/0001437749-24-004350.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004350.txt

## Key facts
- Earnings Releases
  COHU INC reported full year 2023 results: revenue $636.3 million, net income $28.2 million, EPS $0.59 per share.
  - Period: full year 2023
  - Revenue: $636.3 million
  - Net income: $28.2 million
  - EPS: $0.59 per share
  - Result: reported results
  source text: Net sales for full year 2023 were $636.3 million with GAAP income of $28.2 million or $0.59 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm
- Earnings Releases
  COHU INC reported Q4 FY 2023 results: revenue $137.2 million, net income $2.0 million, EPS $0.04 per share.
  - Period: Q4 FY 2023
  - Revenue: $137.2 million
  - Net income: $2.0 million
  - EPS: $0.04 per share
  - Result: reported results
  source text: Cohu, Inc. (NASDAQ: COHU), a global leader in semiconductor equipment and services, today reported fiscal 2023 fourth quarter net sales of $137.2 million and GAAP loss of $2.0 million or $0.04 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm
- Earnings Releases
  COHU INC reported financial results for fourth quarter and year ended December 30, 2023.
  - Period: fourth quarter and year ended December 30, 2023
  - Result: reported results
  source text: On February 15, 2024, the Company issued a press release regarding its financial results for the fourth quarter and year ended December 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm
- Material Agreements
  COHU INC terminated Credit and Guaranty Agreement with Deutsche Bank AG New York Branch valued at $29.4 million (effective 2024-02-09).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Deutsche Bank AG New York Branch
  - Value: $29.4 million
  - Effective: 2024-02-09
  source text: As previously disclosed, on October 1, 2018, Cohu, Inc. (collectively, the “Company”) entered into a Credit and Guaranty Agreement, as amended, by and among Cohu, Inc., Certain Subsidiaries of Cohu, Inc. (the “Borrowers”) and the lenders (“Lenders”) and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (“DBNY”), (the “Credit Agreement”) for an aggregate principal amount of up to $350.0 million secured term loan facility (“Term Loan Credit Facility”) subject to certain terms and conditions. The maturity date under the Credit Agreement was October 1, 2025. On February 9, 2024, Cohu entered into a payoff letter for a voluntary prepayment of the Term Loan Credit Facility (the “Payoff Letter”). Pursuant to the Payoff Letter, the Company paid a total of $29.4 million to Duetsche Bank, representing the outstanding principal, interest, fees, breakage costs and other amounts owing to the Lenders and thereby terminated the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm

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