NASDAQ$COHU

Cohu Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Cohu's financial performance remained resilient, driven by strategic acquisitions and customer focus.

Cohu reported Q3 2023 net sales of $150.8 million and GAAP income of $3.9 million, or $0.08 per share. The company acquired Equiptest Engineering Pte. Ltd. (EQT) to expand recurring business.

  • Third quarter revenue was $150.8 million.
  • GAAP income was $3.9 million or $0.08 per share.
  • Non-GAAP income was $16.9 million or $0.35 per share.
  • Acquired EQT to expand recurring revenue.

Headline financials

Total Revenue

$151M

Previous: $207M-27.0%
EPS (adj)

$0.35

Previous: $0.74-52.7%
Capital Expenditures

-$12.1M

Previous: -$10.7M-13.5%
Free Cash Flow

-$8.23M

Previous: $14.2M-158.1%
Net Income

$3.92M

Previous: $24.9M-84.3%
Operating Income

$7.4M

Previous: $33.7M-78.0%
Gross Profit

-$86.9M

Previous: -$109M+20.0%
Cash & Equivalents

$293M

Previous: $232M+26.2%
Total Assets

$1.17B

Previous: $1.2B-2.5%
R&D Expense

$21.5M

No prior period
Stock-Based Comp

$4.33M

Previous: $3.74M+15.9%

Revenue & EPS history

Cohu · Revenue · Quarterly

$151M

Q3 2023-27%vs Q3 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Cohu expects fourth quarter 2023 sales to be in a range of $136 million +/- $6 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 Q3 2023

Historical avgQ3 2023

-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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