Cohu Inc ( (COHU) ) has released its Q2 earnings. Here is a breakdown of the information Cohu Inc presented to its investors.
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Cohu, Inc. is a global technology leader providing test, automation, inspection, and metrology products and services to the semiconductor industry, known for its broad product portfolio that enhances manufacturing yield and productivity. In its second quarter of 2025, Cohu reported net sales of $107.7 million, with a significant portion being recurring revenue, and a gross margin of 43.7%. Despite a GAAP net loss of $16.9 million, the company achieved a non-GAAP net income of $0.7 million, indicating a positive operational performance excluding certain expenses.
Key highlights from the quarter include a 3-point increase in test cell utilization to 75% and securing a $28 million design-win order for mobile and automotive tests, expected to ship through the fourth quarter of 2025. Additionally, Cohu expanded its market presence with its first system sale in India and introduced a new Eclipse handler model targeting test subcontractors.
The company’s financial position remains robust, with cash and investments increasing by $8.6 million to $209.4 million. Cohu’s strategic initiatives, including the qualification of the ULTRA-S contactor for precision analog IC tests, underscore its commitment to innovation and market expansion.
Looking ahead, Cohu anticipates third-quarter 2025 sales to range between $118 million and $132 million, reflecting cautious optimism in navigating the dynamic semiconductor market.