Cohu Q2 FY2024 revenue $104.7M, GAAP loss $15.8M; guides Q3 sales ~$95M

COHU INC

2024-Q2 EPS reported -$0.65 revenue$212,315,000

Q2 net sales $104.7M vs $168.9M YoY; GAAP net loss $15.8M ($0.34 loss per share) vs income $10.6M ($0.22) YoY.
Non-GAAP net loss $0.6M ($0.01 loss per share) vs income $22.9M ($0.48) YoY.
Gross margin 44.8%; non-GAAP gross margin 45.1%.
Announced multi-year estimated $100M win for test automation and inspection systems; launched Krypton and cStrider products.
Q3 FY2024 sales guidance $95M +/- $5M; total cash $262.4M; repurchased 267K shares for $8.2M in Q2.

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