Recurring Revenue Growth
Recurring revenue continued to grow for the third consecutive quarter, driven by strength in interface solutions and test handler spares.
Convertible Notes Offering
Cohu announced an offering of convertible notes on favorable terms, raising gross proceeds of $287.5 million at attractive rates.
Revenue Growth in Neon HBM Systems
Repeat orders for Neon HBM inspection tools increased this year's revenue forecast for these systems to between $10 million and $11 million.
Eclipse Handler for AI Processors
The Eclipse handler was selected for production test of next-generation AI processor devices by a leading U.S.-based semiconductor manufacturer.
Consolidated Revenue and Margins
Consolidated revenue reached $126 million with a non-GAAP gross margin of 44.1%.
Limited Exposure to China
Revenue from customers based in China accounts for only a low single-digit percentage of total consolidated results.