COHU Reports Earnings for Q2 2023, Ending June 30th
August 23, 2023
🌥️Earnings Overview
On August 3, 2023, COHU ($NASDAQ:COHU) reported their earnings results for the fiscal year 2023 second quarter, with June 30, 2023 as the ending date. Total revenue for the quarter totaled USD 168.9 million, a decrease of 22.2% from the previous year’s same period. Net income for the quarter was USD 10.6 million, representing a 63.2% drop compared to the same quarter a year ago.
Share Price
The stock opened at $39.1, a 6.3% decrease from its prior closing price of 42.8 from the previous day. Despite the initial dip, the stock closed at $40.1. Investors reacted cautiously to the results as the stock’s volatility throughout the day underlined the uncertainties surrounding the company’s future outlook. However, analysts remain optimistic as they anticipate that the company will be able to maintain their growth trajectory in the coming quarters. cohu&utm_title=COHU_Reports_Earnings_for_Q2_2023_Ending_June_30th”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cohu. More…
| Total Revenues | Net Income | Net Margin |
| 746.08 | 72.78 | 10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cohu. More…
| Operations | Investing | Financing |
| 136.69 | -51.19 | -92.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cohu. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 234.67 | 20.03 |
Key Ratios Snapshot
Some of the financial key ratios for Cohu are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.5% | -20.2% | 13.8% |
| FCF Margin | ROE | ROA |
| 16.0% | 6.8% | 5.4% |
Analysis
GoodWhale provides an in-depth analysis of COHU’s fundamentals so you can make an informed investment decision. According to our Risk Rating, COHU is a medium risk investment in terms of financial and business aspects. We have identified two risk warnings in the income sheet and balance sheet, so if you’re interested in learning more, make sure to register with us to check it out. Our team of analysts works hard to ensure you have all the information needed to make an informed decision when it comes to investing. cohu&utm_title=COHU_Reports_Earnings_for_Q2_2023_Ending_June_30th”>More…
Peers
The company’s products are used in the manufacturing of integrated circuits. Cohu‘s competitors include Teradyne Inc, TESEC Corp, and Micronics Japan Co Ltd.
– Teradyne Inc ($NASDAQ:TER)
With a market capitalization of 12.11 billion as of 2022, Teradyne Inc. is a leading provider of automatic testing equipment and services. The company’s return on equity of 35.51% is among the highest in the industry. Teradyne’s products are used in the manufacture of semiconductors, digital cameras, cell phones, computers, and other electronic equipment. The company’s products are also used in the testing of automotive components and systems.
– TESEC Corp ($TSE:6337)
TSMC is the world’s largest semiconductor foundry, providing advanced process technologies and manufacturing services for a broad range of customers worldwide. TSMC operates a network of eight fabrication facilities (fab), four R&D centers and two back-end assembly and test centers in Taiwan. The company also has customer service and technical support offices in the United States, Europe, Japan and China.
– Micronics Japan Co Ltd ($TSE:6871)
Micronics Japan Co Ltd is a Japanese electronics company with a market cap of 50.32B as of 2022. The company has a Return on Equity of 21.97%. Micronics Japan Co Ltd is a leading manufacturer of electronic components and semiconductors. The company’s products are used in a wide range of electronic devices, including computers, mobile phones, and home appliances.
Summary
Investor sentiment for COHU has been negative following the company’s release of their earnings report for the second quarter of the fiscal year 2023. Total revenue fell by 22.2%, and net income decreased by 63.2% year-over-year. As a result, the stock price dropped on the same day. Investors should be cautious in the near-term as COHU’s financial performance may not meet expectations.
Analysts should take into consideration the company’s current financial position and outlook when making an investment decision. Long-term investors may want to wait until the company’s situation improves before investing in the stock.
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