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Mar 28, 2020
Cohu Q1 2020 Earnings Report
Reported first quarter results with sales constrained by supply chain issues but strong bookings.
Key Takeaways
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.
Sales of $138.9 million were supply chain constrained.
Gross margin of 40.4%; non-GAAP gross margin of 41.7%.
Strong booking quarter; semi tester orders up 70% year-over-year.
Board of Directors has authorized suspending the quarterly cash dividend to deleverage and strengthen balance sheet.
Forward Guidance
Cohu expects second quarter 2020 sales to be between $130 million and $155 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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