Cohu, Inc. Reports Q1 2025 Financial Results

Cohu Inc ( (COHU) ) has released its Q1 earnings. Here is a breakdown of the information Cohu Inc presented to its investors.

Cohu, Inc. is a global technology leader that provides test, automation, inspection, and metrology products and services to the semiconductor industry, aiming to optimize manufacturing yield and productivity. In its first quarter of 2025, Cohu reported net sales of $96.8 million, with a significant portion being recurring revenue. Despite this, the company faced a GAAP net loss of $30.8 million, translating to a loss of $0.66 per share, although the non-GAAP loss was considerably lower at $0.8 million or $0.02 per share.

Key highlights from the quarter include a 28% increase in recurring orders quarter-over-quarter and a multi-unit order for HBM inspection systems. The company also repurchased 432,288 shares of its common stock for approximately $8.6 million. Cohu’s gross margin stood at 43.7%, with a non-GAAP gross margin slightly higher at 44.2%.

Cohu’s management remains optimistic about the company’s future, citing design wins, customer expansions, and new market segments as positive indicators. The acquisition of Tignis, Inc. is also expected to bolster Cohu’s capabilities in AI process monitoring. Looking ahead, Cohu anticipates second-quarter sales to range between $99 million and $113 million.

Overall, while Cohu faces challenges, including a net loss, the company is strategically positioning itself for growth in the semiconductor industry, leveraging its broad product portfolio and recent acquisitions to enhance its market presence.