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) 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.
Cohu, Inc. (NASDAQ: COHU) will be presenting at several upcoming investor conferences, including the B. Riley Securities 24th Annual Institutional Investor Conference, TD Cowen 52nd Annual Technology, Media & Telecom Conference, Stifel 2024 Cross Sector Insight Conference, and Baird 2024 Global Consumer, Technology & Services Conference. Portfolio managers and analysts can schedule meetings through their banking representatives. Presentation materials will be accessible on the company's Investor Relations website.
Cohu, Inc. (NASDAQ: COHU) has appointed Karen M. Rapp to its Board of Directors. Ms. Rapp brings extensive experience in corporate development, financial management, and information technology. With a background in leading companies like National Instruments Corp. and NXP Semiconductors N.V., her expertise will be valuable for Cohu's strategic growth.
Cohu, Inc. (NASDAQ: COHU) reported first quarter 2024 net sales of $107.6 million with a GAAP loss of $14.6 million or $0.31 per share. Non-GAAP income was $0.6 million or $0.01 per share. The company repurchased shares and made a cash payment to repay outstanding amounts. Cohu expects second quarter 2024 sales to be around $105 million. Recurring revenue remained profitable despite the semiconductor industry downturn.
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