COHU - Cohu expects to report Q2 revenue beat

July, 11 2022 04:25 PM Cohu Inc.

- Cohu ( NASDAQ: COHU ) said Monday it expects to report Q2 revenue of $216M-$218M, higher than consensus estimate of $213.45M.
- COHU's prior revenue outlook was $205M-$221M.
- The company expects to report Q2 recurring revenue of ~39%.
- - Q2 ending backlog is projected to be ~$342M, substantially shipping over the next 3 quarters.
  - Q2 gross margin is expected to be in-line with Q2 non-GAAP guidance.
  - COHU repurchased 504.1K shares totaling ~$14M in Q2.
  - The firm repaid ~$16M of term loan B debt, reducing Q2 outstanding balance to ~$79M.
- - - COHU expects Q2 ending cash balance to be ~$368M.
    - The company will report its Q2 results on Jul. 28.

For further details see: