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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, Inc. reported its fourth quarter 2022 net sales of $191.1 million with a GAAP income of $21.6 million or $0.45 per share. For the full year, net sales reached $812.8 million and GAAP income was $96.8 million, translating to $1.98 per share. The company reported a gross margin of 48.7% and a non-GAAP gross margin of 48.8%. Highlights include an annual subscription sign for the DI-Core software, a collaboration for advanced probe card solutions, and the acquisition of MCT Worldwide. Cohu anticipates first quarter 2023 sales between $173 million and $187 million.
Cohu, Inc. will announce its financial results for the fourth quarter and fiscal year 2022 on February 16, 2023 at 1:00 p.m. PT. A conference call and webcast to discuss these results is scheduled for 1:30 p.m. PT. Interested participants can access the webcast through Cohu’s investor relations website. The company is a significant player in the semiconductor industry, offering equipment and services aimed at enhancing manufacturing yield and productivity. A replay of the webcast will be available until February 16, 2024.
Cohu, Inc. (NASDAQ: COHU) has acquired MCT Worldwide, LLC, a provider of semiconductor test handler automation equipment. This strategic acquisition enhances Cohu's product portfolio, including strip, film-frame, and laser marking technologies, enabling entry into the advanced package test market. The acquisition is anticipated to be neutral to Cohu's financial results in the short term but accretive starting in 2024 as synergies are realized. Cohu's President and CEO, Luis Müller, emphasized the opportunity to expand market share through combined technologies.
Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor manufacturing equipment and services, announced its participation in the 25th Annual Needham Virtual Growth Conference on January 12, 2023. The conference will feature one-on-one meetings, and portfolio managers and analysts are encouraged to arrange meetings with their banking representatives. Cohu will provide presentation materials on its Investor Relations website, www.cohu.com, enhancing transparency for investors.
Cohu, Inc. (NASDAQ: COHU) has announced a strategic partnership with Chunghwa Precision Test Tech (CHPT) to enhance semiconductor testing solutions. This collaboration aims to address the complexities of high-frequency testing in 5G and automotive applications. By combining Cohu's mmWave RF technology and CHPT's advanced systems, the companies plan to streamline testing processes and reduce costs for clients globally. Together, they will also focus on MEMS probe technology, targeting a market projected to reach $3.6 billion by 2027.
Cohu, Inc. (NASDAQ: COHU) has announced the deployment of its Predictive Maintenance (PdM) software by a major European IDM. This software, part of Cohu's DI-Core Data Intelligence System, enhances semiconductor manufacturing by providing real-time analytics, thereby increasing equipment efficiency and reducing downtime. The global predictive maintenance software market is estimated at $1.0B and is projected to grow at a 20% CAGR. CEO Luis Müller expressed satisfaction with the deployment, which aims to optimize automated test processes for their handlers.
Cohu, Inc. (NASDAQ: COHU) has announced that a leading MEMS sensor manufacturer has chosen its new Sense+ test platform for advanced gyroscopic sensors. The Sense+ offers up to a 10x increase in test accuracy, high throughput for delicate devices, and flexibility for different sensors, extending its useful life. The MEMS sensor market is expected to grow 7% annually to around $18 billion. Cohu aims to enhance test economics with Sense+, which automates testing and inspection for complex MEMS devices.
Cohu, Inc. has appointed Andreas W. Mattes to its Board of Directors effective November 1, 2022. Mattes, who brings over 30 years of global technology leadership experience, previously transformed Coherent, Inc. and led its $6.6 billion acquisition. His extensive background includes roles as CEO at Diebold Nixdorf and Siemens Communications. Cohu's leadership anticipates that Mattes will contribute strategic insights and enhance the company's growth potential in the semiconductor sector.
Cohu, Inc. (NASDAQ: COHU), a leader in semiconductor manufacturing solutions, announced its participation in Stifel’s 2022 Midwest One-on-One Growth Conference on November 10, 2022, at the Waldorf Astoria in Chicago. The event aims to connect portfolio managers and analysts with company executives for discussions on business strategies and market insights. Attendees are encouraged to schedule meetings through their banking representatives. Presentation materials will be available on the company's Investor Relations website.
Cohu, Inc. reported third-quarter 2022 revenue of $206.7 million, down from $217.2 million in Q2 2022 and $225.1 million in Q3 2021. GAAP net income was $24.9 million or $0.51 per share, while non-GAAP net income was $36.1 million or $0.74 per share. Cohu's recurring revenue, accounting for 42% of total revenue, demonstrates resilience despite industry cycles. The company approved a $70 million increase in its share repurchase program and maintained a strong cash position of $369.4 million at the quarter's end.
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