Business
Cohu Reports Third Quarter 2021 Results
Third quarter revenue $225.1 million, up 49% year-over-year Gross margin of 42.5%; non-GAAP gross margin of 42.3% Board authorized a $70 million share
About this update from Cohu, Inc.
[{"type":"text","content":"\n\nThird quarter revenue $225.1 million, up 49% year-over-year\n\n\nGross margin of 42.5%; non-GAAP gross margin of 42.3%\n\n\nBoard authorized a $70 million share repurchase program\n\n\n POWAY, Calif.--(BUSINESS WIRE)--\nCohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today reported fiscal 2021 third quarter net sales of $225.1 million and GAAP income of $23.7 million or $0.48 per share. Net sales for the first nine months of 2021 were $695.4 million and GAAP income was $146.4 million or $3.04 per share.(1)\n\nCohu also reported non-GAAP results, with third quarter 2021 income of $34.6 million or $0.70 per share and income of $119.5 million or $2.48 per share for the first nine months of 2021.(1)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nGAAP Results (1)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\nQ3 FY\n2021\n\n\n\n \n\n\n\nQ2 FY\n2021\n\n\n\n \n\n\n\nQ3 FY\n2020\n\n\n\n \n\n\n\n9 Months\n2021\n\n\n\n \n\n\n\n9 Months\n2020\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n225.1\n\n\n\n \n\n\n\n$\n\n\n\n244.8\n\n\n\n \n\n\n\n$\n\n\n\n150.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n695.4\n\n\n\n \n\n\n\n$\n\n\n\n433.7\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nIncome (loss)\n\n\n\n \n\n\n\n$\n\n\n\n23.7\n\n\n\n \n\n\n\n$\n\n\n\n95.1\n\n\n\n \n\n\n\n$\n\n\n\n(6.6\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n146.4\n\n\n\n \n\n\n\n$\n\n\n\n(28.7\n\n\n\n)\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nIncome (loss) per share\n\n\n\n \n\n\n\n$\n\n\n\n0.48\n\n\n\n \n\n\n\n$\n\n\n\n1.92\n\n\n\n \n\n\n\n$\n\n\n\n(0.16\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n3.04\n\n\n\n \n\n\n\n$\n\n\n\n(0.69\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\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\...