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Mar 27, 2021
Cohu Q1 2021 Earnings Report
Reported record first quarter revenue with strength continuing across all major markets.
Key Takeaways
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.
Record first quarter revenue of $225.5 million, up 11.4% quarter-over-quarter.
Gross margin of 45.3%; non-GAAP gross margin of 45.6%.
Record orders driven by robust automotive segment demand and broad market strength.
Reduced outstanding Term Loan B debt by approximately $102 million during the quarter.
Forward Guidance
Cohu expects second quarter 2021 sales to be between $234 million and $250 million, up 7% quarter-over-quarter at the mid-point of guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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