Cohu, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 25, 2022
July 28, 2022 at 04:07 pm EDT
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Cohu, Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 217.23 million compared to USD 244.8 million a year ago. Net income was USD 28.77 million compared to USD 95.1 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 1.96 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 1.92 a year ago.
For the six months, sales was USD 414.98 million compared to USD 470.29 million a year ago. Net income was USD 50.34 million compared to USD 122.7 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 2.66 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 2.58 a year ago.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.
COHU, INC. 
