Cohu Inc

NASDAQ:COHUUnited States

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• Cohu Enters HBM Memory Market with Neon Inspection Metrology Platform, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: COHU
  
  Cohu Enters HBM Memory Market with Neon Inspection Metrology Platform
  POWAY, Calif.--(BUSINESS WIRE)--October 31, 2024--
  Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that its Neon platform was selected by a leading U.S. memory and data storage technologies customer for inspection metrology of high bandwidth memory devices (HBM) used in high-performance computing (HPC) and generative artificial intelligence (AI) applications.
  

• Cohu Enters Silicon Carbide (SiC) Burn-In Test Market, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: COHU
  
  Cohu Enters Silicon Carbide (SiC) Burn-In Test Market
  POWAY, Calif.--(BUSINESS WIRE)--October 31, 2024--
  Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that a leading European customer has selected Cohu's Neon system for high-speed handling and inspection of high-power SiC dies in burn-in test applications. This expands Cohu's products into burn-in and stress-test SiC processes.
  

• -- Earnings Flash (COHU) COHU Posts Q3 Loss $-0.08, from 9 hours ago by MT Newswires

  9 hours ago by MT Newswires
  Companies Mentioned: COHU
  04:01 PM EDT, 10/31/2024 (MT Newswires) -- ...

• -- Earnings Flash (COHU) COHU Posts Q3 Loss $-0.08, from 9 hours ago by MT Newswires

  9 hours ago by MT Newswires
  Companies Mentioned: COHU
  04:01 PM EDT, 10/31/2024 (MT Newswires) -- ...

• Cohu Reports Third Quarter 2024 Results, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: COHU
  Supplemental Reconciliation of GAAP Results to Non-GAAP Financial Measures (Unaudited) (in thousands) Three Months Ended September September 28, June 29, 30, 2024 2024 2023 ------------ ------------ ------------ Gross Profit Reconciliation Gross profit - GAAP basis (excluding amortization) (1) $ 44,657 $ 46,922 $ 70,895 Non-GAAP adjustments to cost of sales (as scheduled above) 250 252 205 ------- ------- ------- Gross profit - Non-GAAP basis $ 44,907 $ 47,174 $ 71,100 ======= ======= ======= As a percentage of net sales: GAAP gross profit 46.8% 44.8% 47.0% Non-GAAP gross profit 47.1% 45.1% 47.1% Adjusted EBITDA Reconciliation Net income - GAAP Basis $(18,056) $(15,769) $ 3,915 Income tax provision 3,231 1,286 4,721 Interest expense 86 144 773 Interest income (2,609) (2,333) (3,207) Amortization of purchased intangible assets 9,791 9,748 8,857 Depreciation 3,362 3,413 3,319 Amortization of cloud-based software implementation costs (2) 709 709 700 Other non-GAAP adjustments (as scheduled above) 5,634 6,827 5,877 ------- ------- ------- Adjusted EBITDA $ 2,148 $ 4,025 $ 24,955 ======= ======= ======= As a percentage of net sales: Net income - GAAP Basis (18.9)% (15.1)% 2.6% Adjusted EBITDA 2.3% 3.8% 16.5% Operating Expense Reconciliation Operating Expense - GAAP basis $ 60,426 $ 63,221 $ 63,493 Non-GAAP adjustments to operating expenses (as scheduled above) (15,187) (16,335) (14,543) ------- ------- ------- Operating Expenses - Non-GAAP basis $ 45,239 $ 46,886 $ 48,950 ======= ======= ======= (1) Excludes amortization of $7,518, $7,486 and $6,948 for the three months ending September 28, 2024, June 29, 2024 and September 30, 2023, respectively. (2) Represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included within SG&A. Nine Months Ended September 28, September 30, 2024 2023 ----------------- ----------------- Gross Profit Reconciliation Gross profit - GAAP basis (excluding amortization) (1) $ 140,828 $ 237,458 Non-GAAP adjustments to cost of sales (as scheduled above) 725 851 --------- --------- Gross profit - Non-GAAP basis $ 141,553 $ 238,309 ========= ========= As a percentage of net sales: GAAP gross profit 45.8% 47.6% Non-GAAP gross profit 46.0% 47.7% Adjusted EBITDA Reconciliation Net income (loss) - GAAP Basis $ (48,460) $ 30,184 Income tax provision 2,817 16,129 Interest expense 519 2,628 Interest income (7,651) (8,657) Amortization of purchased intangible assets 29,334 26,617 Depreciation 10,204 10,017 Amortization of cloud-based software implementation costs (2) 2,127 2,100 Loss on extinguishment of debt 241 369 Other non-GAAP adjustments (as scheduled above) 19,888 16,743 --------- --------- Adjusted EBITDA $ 9,019 $ 96,130 ========= ========= As a percentage of net sales: Net income (loss) - GAAP Basis (15.8)% 6.0% Adjusted EBITDA 2.9% 19.3% Operating Expense Reconciliation Operating Expense - GAAP basis $ 190,869 $ 194,520 Non-GAAP adjustments to operating expenses (as scheduled above) (48,533) (42,546) --------- --------- Operating Expenses - Non-GAAP basis $ 142,336 $ 151,974 ========= ========= (1) Excludes amortization of $22,526 and $20,941 for the nine months ending September 28, 2024 and September 30, 2023, respectively. (2) Represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included within SG&A.