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Jun 27, 2020
Cohu Q2 2020 Earnings Report
Reported sales of $144.1 million with manufacturing facilities fully operational and a GAAP loss of $4.7 million or $0.11 per share.
Key Takeaways
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.
Sales of $144.1 million with manufacturing facilities fully operational.
Gross margin of 42.3%; non-GAAP gross margin of 42.5%.
Strong RF tester demand.
PCB test record orders.
Forward Guidance
Cohu expects third quarter 2020 sales to be between $134 million and $146 million.
Positive Outlook
- Expected strong RF tester shipments
- Expected strong PCB tester shipments
- New customer traction for handlers
- New customer traction for inspection equipment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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