Cohu Q2 sales beat expectations
Overview
Cohu fiscal Q2 2025 net sales beat analyst expectations, reaching $107.7 mln
Company reports GAAP net loss of $16.9 mln, non-GAAP income of $0.7 mln
Cohu secures $28 mln design-win order for mobile and automotive test
Outlook
Cohu expects Q3 2025 sales between $118 mln and $132 mln
Result Drivers
TEST CELL UTILIZATION - Estimated test cell utilization increased by 3 percentage points quarter-over-quarter to 75%
DESIGN-WIN ORDER - Secured $28 mln design-win order for mobile and automotive test markets
MARKET EXPANSION - First system sold in India and introduction of new Eclipse handler model targeting share expansion at test subcontractors
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $107.70 mln | $106 mln (5 Analysts) |
Q2 EPS |
| -$0.36 |
|
Q2 Net Income |
| -$16.90 mln |
|
Q2 Operating Income |
| -$17.24 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for Cohu Inc is $25.50, about 25.6% above its July 30 closing price of $18.98
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 77 three months ago
Press Release: ID:nBwc0jRFHa
