Cohu delivered a strong fourth quarter with revenue up 30% year-over-year, driven by improving market fundamentals and increased test cell utilization. The company also saw significant growth in recurring revenue.
Cohu's second quarter 2025 results were in line with guidance, showing increased test cell utilization across all segments and securing a significant design-win order. The company reported a GAAP net loss but achieved non-GAAP net income, indicating underlying operational improvements despite a challenging market.
Cohu reported first quarter fiscal year 2025 results that were in line with guidance. The company reported net sales of $96.8 million, a GAAP loss of $30.8 million, and a non-GAAP loss of $0.8 million. Recurring revenue was approximately 63% of the total.
Cohu's fourth quarter 2024 net sales were $94.1 million, with a GAAP net loss of $21.4 million, or $0.46 per share. The non-GAAP net loss was $7.1 million, or $0.15 per share. Full year 2024 revenue was $401.8 million, with a GAAP net loss of $69.8 million.
Cohu reported Q3 2024 net sales of $95.3 million and a GAAP loss of $18.1 million, or $0.39 per share. The company saw sequential order growth, with recurring revenue improving 8% quarter-over-quarter. They also repurchased 315,000 shares of common stock for $8.1 million.
Cohu reported second quarter net sales of $104.7 million and a GAAP loss of $15.8 million or $0.34 per share. The company launched two new products: Krypton inspection metrology system and cStrider MEMS probe card. They also announced a multi-year estimated $100 million win for test automation and inspection systems.
Cohu reported Q1 2024 net sales of $107.6 million and a GAAP loss of $14.6 million, or $0.31 per share. Non-GAAP income was $0.6 million, or $0.01 per share.
Cohu reported Q4 2023 revenue of $137.2 million and a GAAP loss of $2.0 million, or $0.04 per share. Non-GAAP income for the quarter was $11.1 million, or $0.23 per share. The company launched AI inspection software and opened a new factory in the Philippines.
Cohu reported Q3 2023 net sales of $150.8 million and GAAP income of $3.9 million, or $0.08 per share. The company acquired Equiptest Engineering Pte. Ltd. (EQT) to expand recurring business.
Cohu reported Q2 2023 net sales of $168.9 million with a GAAP income of $10.6 million, or $0.22 per share. The company's gross margin was 47.6%, with a non-GAAP gross margin of 47.8%.
Cohu reported Q1 2023 net sales of $179.4 million and GAAP income of $15.7 million, or $0.33 per share. Non-GAAP income for the quarter was $26.9 million, or $0.56 per share. The company is aligning investments with major trends and expanding its factory footprint in the Philippines to support future growth.
Cohu reported Q4 2022 net sales of $191.1 million and GAAP income of $21.6 million, or $0.45 per share. The company's non-GAAP income for the quarter was $33.5 million, or $0.70 per share. Gross margin was up 470 bps year-over-year.
Cohu reported Q3 2022 net sales of $206.7 million and GAAP income of $24.9 million, or $0.51 per share. Non-GAAP income for the quarter was $36.1 million, or $0.74 per share.
Cohu reported Q2 2022 results with net sales of $217.2 million and GAAP income of $28.8 million or $0.59 per share. Non-GAAP income was $39.7 million or $0.81 per share. The company expects Q3 2022 sales to be between $198 million and $212 million.
Cohu reported a strong start to 2022 with revenue, gross margin, and profitability exceeding expectations due to customer acquisitions and effective supply chain management. The company's backlog is at a record level, highlighted by key design-wins in the tester business.
Cohu reported Q4 2021 net sales of $191.9 million and GAAP income of $20.9 million, or $0.42 per share. Non-GAAP income for the quarter was $35.6 million, or $0.72 per share. The company delivered record revenue and profitability in 2021, with non-GAAP EPS of $3.20, up 169% year-over-year.
Cohu reported strong third-quarter results with revenue of $225.1 million, a 49% increase year-over-year, and GAAP income of $23.7 million or $0.48 per share. The company's board authorized a $70 million share repurchase program.
Cohu reported a record second quarter with revenue of $244.8 million, up 70% year-over-year, and GAAP income of $95.1 million or $1.92 per share. The company completed the sale of its PCB Test business and prepaid $100 million of its term loan B debt facility.
Cohu reported record first quarter revenue of $225.5 million, up 11.4% quarter-over-quarter, and GAAP income of $27.6 million or $0.61 per share. Non-GAAP income was $40.5 million or $0.89 per share.
Cohu reported Q3 2020 net sales of $150.6 million, exceeding previous guidance. The company experienced a GAAP loss of $6.6 million, or $0.16 per share, but a non-GAAP income of $11.6 million, or $0.27 per share. The mobility segment continued to strengthen, and demand from automotive and industrial segment customers improved.
Cohu reported fiscal 2020 second quarter net sales of $144.1 million and a GAAP loss of $4.7 million or $0.11 per share. Non-GAAP income for the second quarter was $7.1 million or $0.17 per share.
Cohu reported Q1 2020 net sales of $138.9 million and a GAAP loss of $17.3 million, or $0.42 per share. Non-GAAP income was $0.1 million, or $0.00 per share. The company's shipments were constrained in March due to COVID-19 pandemic driven government restrictions.
Cohu reported Q4 2019 net sales of $142.0 million and a GAAP loss of $16.3 million or $0.39 per share. The company's fourth quarter orders gained momentum, primarily driven by mobility and a late quarter uptick in automotive.