Welcome to our dedicated page for Cohu news (Ticker: COHU), a resource for investors and traders seeking the latest updates and insights on Cohu stock.
About Cohu Inc.
Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California, within San Diego County. The company plays a pivotal role in enabling the production and quality assurance of semiconductors, which are foundational to modern technology. Cohu serves a diverse range of industries, including automotive, computing, mobility, Internet of Things (IoT), communications, high-speed memory, industrial, and solid-state lighting, making it an integral part of the global technology supply chain.
Comprehensive Product Portfolio
One of Cohu’s defining strengths is its extensive portfolio of enabling technologies, designed to address some of the most complex challenges in semiconductor testing. These technologies can be seamlessly integrated into its handler platforms, offering customers unparalleled flexibility and efficiency. Cohu’s product offerings are broadly categorized into:
- Digital Test Handlers: This category includes pick-and-place semiconductor test handlers, burn-in-related equipment, and advanced thermal subsystems, catering to high-precision testing requirements.
- Analog Test Handlers: These include gravity feed handlers, test-in-strip handlers, and MEMS test units, designed for analog and mixed-signal semiconductor components.
- Turret-Based Test Handling: Specialized handling and back-end finishing solutions for integrated circuits (ICs), light-emitting diodes (LEDs), and discrete components.
The company’s ability to integrate these technologies across its platforms optimizes testing processes and ensures reliability, precision, and scalability for its customers.
Industry Significance and Market Position
Operating in a highly specialized and competitive industry, Cohu is distinguished by its focus on innovation, customization, and customer-centric solutions. The semiconductor industry is cyclical, with demand influenced by technological advancements and macroeconomic factors. Cohu’s strategic focus on diverse end markets, such as automotive and IoT, helps mitigate these cyclical challenges by tapping into high-growth sectors. Its customers, often global leaders in semiconductor manufacturing, rely on Cohu’s solutions to maintain stringent quality standards and achieve operational efficiency.
Competitive Landscape
Cohu faces competition from other semiconductor equipment providers but differentiates itself through its broad range of technologies and its ability to address both digital and analog testing needs. Its expertise in thermal management, MEMS testing, and back-end finishing further enhances its competitive edge. The company’s commitment to innovation and its deep understanding of customer requirements position it as a trusted partner in the semiconductor ecosystem.
Commitment to Innovation
Cohu’s emphasis on research and development enables it to stay ahead in a rapidly evolving industry. By continuously enhancing its product capabilities and expanding its technological offerings, the company ensures that it remains at the forefront of semiconductor testing and inspection solutions. This commitment to innovation not only strengthens its market position but also supports its customers in meeting the demands of emerging technologies.
Conclusion
In summary, Cohu Inc. is a cornerstone of the semiconductor industry, providing essential test and inspection equipment that ensures the reliability and performance of semiconductors. With a diverse product portfolio, a focus on innovation, and a customer-centric approach, Cohu is well-positioned to address the evolving needs of its customers across multiple high-growth industries. Its role in enabling cutting-edge technologies underscores its importance in the global technology landscape.
Cohu Inc (NASDAQ: COHU) reported fourth quarter 2024 financial results with net sales of $94.1 million and a GAAP loss of $21.4 million ($0.46 per share). Full-year 2024 revenue was $401.8 million with a GAAP loss of $69.8 million ($1.49 per share).
The company's Q4 gross margin was 41.9%, impacted by a $2.1 million inventory reserve charge. Approximately 62% of Q4 revenue was recurring. Systems revenue increased sequentially in Computing, Industrial and Consumer segments. The company ended Q4 with $262.1 million in total cash and investments.
Cohu acquired Tignis Inc, a provider of AI process control and analytics software, and expects to grow software revenue by 50% or more annually over the next three years. The company projects Q1 2025 sales to be $97 million (+/- $7 million).
Cohu (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment and services, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 13, 2025. The results will be released at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time.
The company will host a live conference call and webcast with presentation materials at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time. Investors can access the webcast through Cohu's investor relations website, while those wishing to participate via telephone must register in advance to receive dial-in details. The webcast replay will remain available on Cohu's website until February 13, 2026.
Cohu (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment and services, has announced the completion of its acquisition of Tignis, a company specializing in AI process control and analytics-based monitoring software. The acquisition was funded using cash on hand, and the financial terms were not disclosed as they are not considered material to Cohu's financials.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its upcoming virtual participation in the 27th Annual Needham Growth Conference on January 9, 2025. The company will engage in one-on-one meetings during the conference.
Portfolio managers and analysts interested in meeting with Cohu's management team are advised to arrange appointments through their banking representatives. The company will simultaneously make presentation materials available in the Investor Relations section of their website at www.cohu.com.
Cohu (NASDAQ: COHU) has announced a definitive agreement to acquire Tignis, a provider of AI process control and analytics-based monitoring software. The acquisition targets the $2.6 billion semiconductor process control market through Tignis' PAICe Monitor and PAICe Maker solutions. These products combine physical insights with AI and machine learning for semiconductor manufacturing automation.
Tignis' solutions include an AI-driven anomaly detection platform and process control solution, featuring their patent-pending Digital Twin Query Language (DTQL). The acquisition will enhance Cohu's DI-Core software and expand its analytics capabilities. The transaction, funded with cash on hand, is expected to close in January 2025.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its participation in the 13th Annual NYC Summit Investor Conference. The event will take place at Mastro's New York on Tuesday, December 17, 2024.
The company will make its presentation materials available to investors through the investor relations section of their website at www.cohu.com. This conference participation demonstrates Cohu's ongoing engagement with the investment community and commitment to shareholder communication.
Cohu announced its Neon platform has been selected by a leading U.S. memory manufacturer for inspection metrology of high bandwidth memory (HBM) devices used in high-performance computing and AI applications. The platform features a vision system for 6-sided optical inspection, micro-pillar measurement, and AI-powered inspection software. The HBM market, valued at approximately $23 billion this year, is expected to grow at a 22% CAGR through 2029, presenting a potential revenue opportunity exceeding $100M for inspection metrology systems.
Cohu has entered the Silicon Carbide (SiC) burn-in test market with its Neon system, selected by a leading European customer. The system offers high-speed handling and inspection of high-power SiC dies, featuring a proprietary carrier that enables testing up to 150 devices simultaneously. Key capabilities include high-power testing up to 2,500V, heat dissipation up to 3,000W, and 6-sided optical inspection with AI-powered defect detection. The SiC power market, valued at $2.2 billion with 25% CAGR through 2029, represents a $50 million opportunity for Cohu in this equipment segment.
Cohu Inc reported Q3 2024 financial results with net sales of $95.3 million, showing a decline from $150.8 million in Q3 2023. The company posted a GAAP loss of $18.1 million ($0.39 per share) and non-GAAP loss of $3.8 million ($0.08 per share). Gross margin reached 46.8%, with non-GAAP gross margin at 47.1%. Total cash and investments stood at $269.2 million. The company repurchased 315,000 shares for $8.1 million. Recurring revenue comprised approximately 67% of total revenue, with an 8% sequential growth in recurring orders. Cohu expects Q4 2024 sales to be $95 million ±$7 million.
Cohu (NASDAQ: COHU), a global semiconductor manufacturing equipment and services provider, has announced its participation in the Stifel 2024 Midwest 1x1 Conference. The event will take place on Thursday, November 7, 2024 at the Waldorf Astoria in Chicago, IL. The company will make presentation materials available on their investor relations website section at www.cohu.com. Portfolio managers and analysts interested in meetings should contact their banking representatives to schedule appointments.
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