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- Cohu ( NASDAQ: COHU ) said Monday it expects to report Q2 revenue of $216M-$218M, higher than consensus estimate of $213.45M.
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- COHU's prior revenue outlook was $205M-$221M.
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- The company expects to report Q2 recurring revenue of ~39%.
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- 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.
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- COHU expects Q2 ending cash balance to be ~$368M.
- The company will report its Q2 results on Jul. 28.
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For further details see:
Cohu expects to report Q2 revenue beat