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Dec 31, 2022
Cohu Q4 2022 Earnings Report
Reported strong Q4 2022 results with significant progress in cost management and recurring business growth.
Key Takeaways
Cohu reported Q4 2022 net sales of $191.1 million and GAAP income of $21.6 million, or $0.45 per share. The company's non-GAAP income for the quarter was $33.5 million, or $0.70 per share. Gross margin was up 470 bps year-over-year.
Gross margin of 48.7% and non-GAAP gross margin of 48.8%.
Customer signs annual subscription for DI-Core predictive maintenance software.
Launched collaboration with Taiwanese partner to deliver advanced probe card solutions.
Acquired MCT Worldwide, expanding product portfolio and solutions for advanced packages in panel test.
Forward Guidance
Cohu expects first quarter 2023 sales to be between $173 million and $187 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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