Cohu Reports Second Quarter 2024 Results

About this update from Cohu, Inc.

[{"type":"text","content":"\n\nSecond quarter revenue $104.7 million, approximately 66% recurring\n\n\n\nGross margin of 44.8%; non-GAAP gross margin of 45.1%\n\n\n\nLaunched two new products: Krypton inspection metrology system and cStrider MEMS probe card\n\n\n\nAnnounced multi-year estimated $100 million win for test automation and inspection systems\n\n\n\n POWAY, Calif.--(BUSINESS WIRE)--\nCohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today reported fiscal 2024 second quarter net sales of $104.7 million and GAAP loss of $15.8 million or $0.34 per share. Net sales for the first six months of 2024 were $212.3 million and GAAP loss was $30.4 million or $0.65 per share.\n\n\nCohu also reported non-GAAP results, with second quarter 2024 loss of $0.6 million or $0.01 per share and income of $0.0 million or $0.00 per share for the first six months of 2024.\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nGAAP Results\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\n\n\nQ2 FY\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1 FY\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 FY\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n6 Months\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n6 Months\n2023\n\n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n104.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n107.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n168.9\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n212.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n348.3\n\n\n\n\n\n\n\n\n\nNet income (loss)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(15.8\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(14.6\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n10.6\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(30.4\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n26.3\n\n\n\n\n\n\n\n\n\nNet income (loss) per share\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.34\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.31\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.22\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.65\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.55\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n...

More updates from Cohu, Inc.