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Jul 01, 2023
Cohu Q2 2023 Earnings Report
Cohu's Q2 2023 results were reported, highlighted by strong gross margin and profitability driven by a resilient recurring business model.
Key Takeaways
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%.
Second quarter revenue was $168.9 million.
GAAP income was $10.6 million or $0.22 per share.
Non-GAAP income was $22.8 million or $0.48 per share.
Total cash and investments at the end of the second quarter were $372.3 million.
Forward Guidance
Cohu expects third quarter 2023 sales to be approximately $150 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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