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Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California. The company provides innovative solutions that enable its customers—who are also leaders in automotive, computing, mobility, IoT, communications, high-speed memory, industrial, and solid-state lighting sectors—to overcome some of the toughest challenges in semiconductor testing.
Cohu Inc. offers an extensive range of technologies that can be integrated into various handler platforms to optimize semiconductor test processes. Its product portfolio comprises:
- Digital Test Handlers: Pick-and-place semiconductor test handlers, burn-in equipment, and thermal sub-systems, commonly referred to as Delta Design products.
- Analog Test Handlers: Gravity feed, test-in-strip handlers, MEMS test units, and turret-based test handling and back-end finishing equipment for ICs, LEDs, and discrete components, commonly known as Rasco products.
- Interface Products: Including test contactors, probe heads, and probe pins.
- Automated Test Equipment (ATE): Advanced systems for semiconductor testing.
- Spare Parts and Kits: Essential components for maintaining and upgrading testing equipment.
Furthermore, Cohu Inc. serves semiconductor manufacturers and test subcontractors with micro-electro-mechanical system (MEMS) test modules, test contactors, thermal sub-systems, and bare board PCB test systems. The company operates primarily within one reportable segment: Semiconductor Test and Inspection Equipment.
In recent times, Cohu Inc. has been involved in several groundbreaking projects and partnerships, enhancing its financial condition and expanding its market footprint. The company continues to focus on innovation and excellence, ensuring its products meet the evolving demands of the semiconductor industry.
Latest News: Stay updated with the most recent developments and performances of Cohu Inc. to get insights into their latest projects, financial updates, and market trends.
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.
Cohu, Inc. (NASDAQ: COHU) has announced a significant order for its Diamondx platform from a leading multinational Automotive, Industrial, and Computing customer. The order includes an integrated test cell solution featuring the new VI100 instrument and major mixed signal platform enhancements, paired with Cohu's NY32 handler and cCompact interface.
The VI100 is a four-quadrant voltage and current instrument designed to address the increasing complexity of analog and power management ICs. The enhanced Diamondx platform now offers up to 80% reduced test time compared to legacy systems, at less than half the cost-of-test of competitive liquid-cooled systems. This advancement positions Cohu to target an estimated $860 million addressable market in automotive, industrial, and computing applications.
Cohu, Inc. (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment and services, has announced its participation in several upcoming investor conferences. These include:
- 5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference (Virtual, August 21, 2024)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference (Chicago, IL, August 27, 2024)
- Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference (Chicago, IL, August 28, 2024)
- Citi's 2024 Global TMT Conference (New York City, NY, September 6, 2024)
Presentation materials will be available on Cohu's Investor Relations website. Interested portfolio managers and analysts should contact their banking representatives to schedule meetings at these conferences.
Cohu, Inc. (NASDAQ: COHU) reported its Q2 2024 financial results, with net sales of $104.7 million and a GAAP loss of $15.8 million ($0.34 per share). The company's non-GAAP loss was $0.6 million ($0.01 per share). For the first six months of 2024, net sales were $212.3 million with a GAAP loss of $30.4 million.
Key highlights include:
- Gross margin of 44.8% (45.1% non-GAAP)
- Launch of two new products: Krypton inspection metrology system and cStrider MEMS probe card
- Announcement of a multi-year estimated $100 million win for test automation and inspection systems
- Total cash and investments of $262.4 million at quarter-end
- Repurchase of 267,000 shares for approximately $8.2 million
Cohu expects Q3 2024 sales to be in the range of $95 million +/- $5 million.
Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024, 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 to discuss the results at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time.
Interested parties can listen live via webcast on Cohu's investor relations website or participate via telephone by registering in advance to receive the dial-in number and a unique PIN. The webcast replay will be available on the company's website through July 31, 2025.
Cohu, a global supplier of semiconductor manufacturing equipment and services, has announced its participation in the 16th Annual CEO Investor Summit. The event will take place in-person on July 10, 2024, at the St. Regis Hotel in San Francisco. Cohu's management will be presenting at this summit, and the presentation materials will be available on the investor section of Cohu’s website.
Cohu (NASDAQ: COHU), a global supplier of semiconductor manufacturing equipment, announced a multi-year contract worth an estimated $100 million. The deal involves providing test and inspection automation systems to a leading European electronics and semiconductor manufacturer over the next five years. Highlighting this contract is the first design win for Cohu's new Krypton inspection platform, which features advanced NV-Core vision technology. Krypton targets the automotive and industrial markets, offering up to 30% higher throughput and uptime. This win reinforces Cohu's position in the semiconductor test and inspection market, with the automotive sector projected to grow 10% annually, reaching $135 billion by 2028.
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