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Sep 25, 2021
Cohu Q3 2021 Earnings Report
Reported third quarter results with revenue up 49% year-over-year.
Key Takeaways
Cohu reported strong third-quarter results with revenue of $225.1 million, a 49% increase year-over-year, and GAAP income of $23.7 million or $0.48 per share. The company's board authorized a $70 million share repurchase program.
Third quarter revenue reached $225.1 million, reflecting a 49% increase year-over-year.
GAAP income for the quarter was $23.7 million, or $0.48 per share.
Non-GAAP income for the quarter was $34.6 million, or $0.70 per share.
The board authorized a $70 million share repurchase program.
Forward Guidance
Cohu expects fourth quarter 2021 sales to be between $182 million and $195 million.
Positive Outlook
- Current estimated test cell utilization of 87%
- Expansion of testers and contactors in power management applications
- Expansion of testers and contactors in display driver applications
- Expansion of testers and contactors in RF mmWave applications
- Expansion of testers and contactors in broader mixed signal applications
Historical Earnings Impact
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Avg. Return Before/After Earnings
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