COHU
Cohu, Inc.23.23
-0.38-1.61%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.08BP/E (TTM)
-Basic EPS (TTM)
-1.57Dividend Yield
0%Recent Filings
8-K
Cohu Q3 sales rise to $126M
Cohu reported third-quarter 2025 net sales of $126.2 million, up from $107.7 million last quarter and $95.3 million a year ago, with recurring revenue at 55% and gross margin at 43.8%. While GAAP net loss narrowed to $4.1 million from $16.9 million, non-GAAP loss was $2.8 million; cash and investments stood at $198.2 million. Sales beat expectations in AI data center markets via Neon HBM inspection and Eclipse test handler. Q4 sales guidance: $122 million ± $7 million. Cohu's innovation push strengthens amid cyclical risks.
8-K
Cohu closes $287.5M notes offering
Cohu issued $287.5 million in 1.50% convertible senior notes due 2031 on September 29, 2025, netting $278.9 million after fees. The notes mature January 15, 2031, with semiannual interest starting January 15, 2026, and an initial conversion rate of 36.7975 shares per $1,000 principal at $27.1758 per share—a 32.5% premium over the $20.51 reference price. Capped call transactions, costing $28.4 million, cap dilution at $41.02 per share. Remaining proceeds fund general corporate purposes. Cohu bolsters its balance sheet.
10-Q
Q2 FY2025 results
Cohu posted Q2 FY2025 net sales of $107.7M, up 2.8% y/y but flat q/q (derived), amid softer automotive and industrial demand offset by gains in mobile and AI computing. Gross margin slipped to 43.7% from 44.8% y/y, pressured by product mix and $0.3M in transition costs as manufacturing shifts to Asia. Operating loss widened slightly to $17.2M from $16.3M y/y, with diluted EPS at -$0.36; YTD net loss hit $47.7M on $204.5M sales, down 3.7% y/y, while operating cash flow turned positive at $5.9M and free cash flow was -$7.8M (derived). The $34.9M cash acquisition of Tignis in January added $33.7M goodwill and $2.9M intangibles (3-6 year lives), bolstering AI analytics; total debt stands at $18.3M with $164.4M cash. Restructuring saved costs but restructuring charges totaled $7.8M YTD. Tariffs loom as a wildcard.
8-K
Cohu Q2 sales rise, utilization up
Cohu reported Q2 2025 net sales of $107.7 million, up from $96.8 million in Q1, with GAAP net loss narrowing to $16.9 million but non-GAAP income hitting $0.7 million. Test cell utilization climbed to 75%, signaling steadier operations, while a $28 million design-win for mobile and automotive testing promises shipments through Q4. Cash swelled to $209.4 million. Q3 sales guidance: $125 million ±$7 million. Yet cyclical risks loom large.
8-K
Cohu at investor conference
Cohu, Inc. is set to join the B. Riley Securities 25th Annual Institutional Investor Conference on May 21, 2025, at the Ritz-Carlton in Marina Del Rey, California, where management will deliver remarks backed by a fresh investor presentation. This event spotlights Cohu's strategic updates amid semiconductor market shifts. Forward-looking statements carry risks, as noted in the filing. No new financials disclosed.
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