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Sep 24, 2022
Cohu Q3 2022 Earnings Report
Reported resilient revenue through industry cycles due to significant recurring business and delivered gross margin expansion with stronger than anticipated profitability.
Key Takeaways
Cohu reported Q3 2022 net sales of $206.7 million and GAAP income of $24.9 million, or $0.51 per share. Non-GAAP income for the quarter was $36.1 million, or $0.74 per share.
Third quarter revenue was $206.7 million.
Gross margin was 47.4%, with a non-GAAP gross margin of 47.5%.
Recurring business delivered resilient revenue through industry cycles.
The board authorized a $70 million increase in the ongoing share repurchase program.
Forward Guidance
Cohu expects fourth quarter 2022 sales to be between $180 million and $198 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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