Cohu reports Q1 adjusted EPS 1c, consensus (1c)

Reports Q1 revenue $107.6M, consensus $107.09M. “Recurring revenue continued to deliver stable profitability during the trough of this Semicap cycle when customers typically limit capital expenditures and focus on reducing semiconductor inventory,” said Cohu President and CEO Luis Muller. “We remain focused on developing core technologies and were pleased to receive initial orders from a leading U.S. fabless semiconductor manufacturer for our new high fidelity microphone tester integrated with Cohu’s Sense+ automation platform.”