COHU Reports Second Quarter Earnings for FY2023 on August 3
August 10, 2023
🌥️Earnings Overview
On August 3 2023, COHU ($NASDAQ:COHU) reported their earnings results for the second quarter of FY2023, which concluded on June 30 2023. Total revenue for the quarter was USD 168.9 million, a decrease of 22.2% compared to the same period in the prior year. Net income for the quarter decreased by 63.2%, amounting to USD 10.6 million year-over-year.
Share Price
The report led to a 6.3% decline in the company’s stock price, from a closing price of $42.8 on the previous day to opening at $39.1 and closing at $40.1 on Thursday. Despite the drop in stock price, COHU reported strong revenue growth of 11%, reflective of the company’s focus on developing new products and services. Overall, the second quarter earnings report from COHU was largely positive with strong revenue growth and improving financials. Investors should keep an eye out for COHU’s performance in the upcoming quarters as the company continues to develop new products and services. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cohu. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>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. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>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. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>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. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>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
At GoodWhale, we have recently conducted an analysis of COHU’s wellbeing. Through our Risk Rating system, we have determined that COHU is a medium risk investment in terms of financial and business aspects. However, we have also identified two risk warnings in their income sheet and balance sheet. If you’d like to find out more about these warnings and the risks associated with investing in COHU, register with us today. Our team of financial experts can provide you with a comprehensive overview of the financial health of COHU and help you make an informed decision on how to best invest your money. cohu&utm_title=COHU_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3″>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
COHU released their earnings for the second quarter of FY2023, reporting a total revenue of USD 168.9 million, a decrease of 22.2% year-over-year. Net income for the quarter experienced an even greater drop of 63.2%, coming in at USD 10.6 million. Consequently, the stock price dropped on the same day.
Investors considering investing in COHU should be aware of the current financial performance and likely expect further decreases in revenue and net income as a result of the downturn in the economy due to the pandemic. A thorough analysis of the company’s outlook is necessary before investing.
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