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Mar 26, 2022
Cohu Q1 2022 Earnings Report
Cohu's first quarter results for 2022 were reported, demonstrating revenue growth and strong profitability.
Key Takeaways
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.
First quarter revenue increased by 3.1% quarter-over-quarter, reaching $197.8 million.
GAAP income was reported at $21.6 million, or $0.44 per share.
Non-GAAP income was $32.6 million, or $0.66 per share.
The company had $45 million in incremental design-win orders from tester market diversification.
Forward Guidance
Cohu expects second quarter 2022 sales to be between $205 million and $221 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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