Cohu Posts Q3 EPS of 22 Cents
COHU has more than doubled off its 52-week low of $21.1.
Summary
Cohu reported third-quarter EPS of $0.22, with adjusted EPS of 43c on sales of $173 million and net income of $12.1 million. That follows a strong Q2 in which revenue hit $149 million, up 38% year-over-year, with non-GAAP EPS of $0.26 and management lifting its AI-driven compute opportunity pipeline to roughly $850 million. The company guided fourth-quarter sales up 46% year-over-year. The key question is whether the AI compute pipeline is still translating into sequential growth after the Q2 surge.
At the time of this announcement, COHU was trading at $53.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $21.10 to $75.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.