NASDAQ$COHU

Cohu Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported an outstanding quarter with revenue up and gross margin progressing

Cohu reported Q2 2022 results with net sales of $217.2 million and GAAP income of $28.8 million or $0.59 per share. Non-GAAP income was $39.7 million or $0.81 per share. The company expects Q3 2022 sales to be between $198 million and $212 million.

  • Second quarter revenue was $217.2 million, up 9.8% quarter-over-quarter
  • Gross margin was 46.5% and non-GAAP gross margin was 46.5%
  • Leading U.S. semiconductor manufacturer selected Diamondx
  • Total cash and investments at the end of second quarter 2022 were $368.1 million and Term Loan B principal amount was $79.3 million

Headline financials

Total Revenue

$217M

Previous: $245M-11.3%
EPS (adj)

$0.81

Previous: $0.89-9.0%
Test Cell Utilization

84.0%

No prior period
Capital Expenditures

-$5.72M

Previous: -$5.55M-3.2%
Free Cash Flow

$23M

Previous: $89.5M-74.3%
Net Income

$28.8M

Previous: $95.1M-69.7%
Operating Income

$36.9M

Previous: $115M-67.8%
Gross Profit

-$116M

Previous: -$147M+21.0%
Cash & Equivalents

$281M

Previous: $354M-20.7%
Total Assets

$1.24B

Previous: $1.37B-9.6%
Stock-Based Comp

$3.93M

Previous: $3.51M+12.2%

Revenue & EPS history

Cohu · Revenue · Quarterly

$217M

Q2 2022-11.3%vs Q2 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Cohu expects third quarter 2022 sales to be between $198 million and $212 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.9%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.2%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+26.3%

Q3 2020

Best reaction

-17.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.8%+4.8%+11.4%
Q4 2025-6.7%-9.1%-16.9%
Q3 2025+0.6%+0.1%+1.1%
Q1 2025+3.6%-1.4%+6.2%
Q4 2024-1.6%-0.4%-20.7%
Q3 2024+5.4%+6.2%+1.7%
Q2 2024-9.7%-17.9%-13.2%
Q1 2024+0.0%+0.2%+8.9%
Q4 2023-3.4%-6.9%-6.3%
Q3 2023+3.4%+2.9%+6.7%
Q2 2023-7.2%-5.6%-11.9%
Q1 2023+1.3%-2.1%+13.1%
Q4 2022-3.6%-6.7%+1.5%
Q3 2022+10.5%+8.7%+15.6%
Q2 2022-1.5%+0.3%-0.6%
Q1 2022+4.2%+8.8%+19.9%
Q4 2021-9.8%-4.2%-17.1%
Q3 2021+4.5%+13.6%+10.0%
Q2 2021-5.0%-4.8%-5.3%
Q1 2021-14.5%-21.2%-20.4%
Q4 2020+7.1%+5.0%-10.8%
Q3 2020+26.3%+33.5%+63.1%
Q2 2020+1.0%-1.0%-3.3%
Q1 2020-2.7%+0.3%+11.9%
Q4 2019-3.6%-6.1%-41.6%
Q3 2019+11.8%+13.0%+3.5%
Q2 2019-13.0%-12.3%-17.8%
Q1 2019+24.6%+14.8%+2.2%
Q4 2018-6.4%-12.9%-15.3%
Q3 2018-17.9%-14.3%-15.4%
Q2 2018+5.2%+9.8%+5.6%
Q1 2018-2.6%+1.2%+9.3%
Q4 2017-12.4%-12.2%+2.7%
Q3 2017-0.8%+0.1%-10.7%
Q2 2017-2.8%-8.7%-11.2%
Q1 2017-4.8%+1.1%-7.5%
Q4 2016+17.6%+19.8%+32.4%
Q3 2016+2.7%+3.0%+18.6%
Q2 2016-7.4%-9.4%-5.5%
Q1 2016-1.1%
Q4 2015+0.6%
Q3 2015+11.5%
Q2 2015-17.3%
Q1 2015+5.3%
Q4 2014-3.6%
Q3 2014-6.4%
Q2 2014+5.0%
Q1 2014+3.7%
Q4 2013-0.2%
Q3 2013-13.3%
Q2 2013-1.3%
Q1 2013-3.0%
Q4 2012-4.7%
Q3 2012-3.8%
Q2 2012+0.0%
Q1 2011+0.2%
Q1 2012+3.0%
Q4 2009-7.7%
Q4 2011-7.7%
Q3 2011+5.3%
Q3 2010+5.3%
Q2 2010-4.9%
Q2 2011-4.9%
Q4 2010-4.9%
Q1 2010-5.0%

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