Earnings are out - IF you call it that.
A beat with a lesser loss, yet some positive comments about the second half.
Utilization rates are low worldwide, but diverse offerings are getting orders.
Q2 will be more revenue - Finally.
Cash is down as they bought the Malaka facility and bought back 433,000 shares, but have discontinued the buyback. Shares bought back cover the dilution of the ESOP.
Cohu is undergoing a restructuring to assure a breakeven in future quarters - yet options candy continues.
Webcast was a more positive tone and looking for H2 to show more business.
Comforting news about tariffs having little impact if they applied to the 2024 revenue numbers.
THIS IS A TOUGH SECTOR FOR 2025, however the trough has been seen for different customers over the last 3 quarters and the expectation of a recovery is being sensed.
Expectation for profits in the next quarter are expected.
A somewhat better tone was noticed, but the patient must be just that.
This will turn, and in typical fashion the Cohu WEBCASTS are all about CYA.
IT IS A TOUGH STOCK TO OWN, unless you buy it with a stink bid.
Cohu's long term chart shows all significant price rises only start after a severe dip occurs first.
Manipulators of the stock never create dips until they know a reversal is imminent.
I think we are close for this DOG, to get its day in the sun somewhere in the next 3 quarters.
Silicon Investor (SI) -- The First Internet Co
Cohu Reports First Quarter 2025 Results
May 1, 2025mmunity
PDF Version
- First quarter revenue $96.8 million, approximately 63% recurring
- Gross margin of 43.7%; non-GAAP gross margin of 44.2%
- Received multi-unit order for HBM inspection systems
- Recurring orders increased 28% quarter-over-quarter
POWAY, Calif.--(BUSINESS WIRE)--May 1, 2025-- Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today reported fiscal 2025 first quarter net sales of $96.8 million and GAAP loss of $30.8 million or $0.66 per share. Cohu also reported first quarter 2025 non-GAAP loss of $0.8 million or $0.02 per share.
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| GAAP Results
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| (in millions, except per share amounts)
| Q1 FY 2025
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| Q4 FY 2024
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| Q1 FY 2024
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| Net sales
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| $96.8
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| $94.1
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| $107.6
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| Net loss
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| $(30.8)
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| Net loss per share
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| $(0.66)
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| $(0.46)
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| $(0.31)
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| Non-GAAP Results
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| (in millions, except per share amounts)
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| Net income (loss)
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| $(0.8)
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| $0.6
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| Net income (loss) share
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| $(0.02)
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Total cash and investments at the end of first quarter 2025 were $200.8 million. Cohu repurchased 432,288 shares of its common stock in the first quarter for an aggregate amount of approximately $8.6 million.
“First quarter 2025 results were in line with guidance, and Cohu landed multiple design-wins and customer expansion with our testers, handlers, inspection systems and interface products. We also signed new customers for AI process monitoring demonstrations of Tignis software,” said Cohu President and CEO Luis Müller. “We are optimistic by the business prospects of our design-wins, pick-up in recurring orders, and expansion into new market segments.”
Cohu expects second quarter 2025 sales to be in a range of $106 million +/- $7 million. |
