Cohu, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 03, 2023 at 08:06 am
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Cohu, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 168.92 million compared to USD 217.23 million a year ago. Net income was USD 10.58 million compared to USD 28.77 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.59 a year ago.
For the six months, sales was USD 348.29 million compared to USD 414.98 million a year ago. Net income was USD 26.27 million compared to USD 50.34 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 1.02 a year ago.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.
COHU, INC. 
