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Sep 28, 2024
Cohu Q3 2024 Earnings Report
Reported third quarter results with sequential order growth and recurring revenue improvement.
Key Takeaways
Cohu reported Q3 2024 net sales of $95.3 million and a GAAP loss of $18.1 million, or $0.39 per share. The company saw sequential order growth, with recurring revenue improving 8% quarter-over-quarter. They also repurchased 315,000 shares of common stock for $8.1 million.
Third quarter revenue was $95.3 million, with approximately 67% being recurring revenue.
GAAP gross margin was 46.8%, while non-GAAP gross margin was 47.1%.
Sequential order growth was achieved, with recurring revenue improving 8% quarter-over-quarter.
Cohu repurchased 315,000 shares of its common stock for approximately $8.1 million.
Forward Guidance
Cohu expects fourth quarter 2024 sales to be in a range of $95 million +/- $7 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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