Cohu reports Q2 EPS 48c, consensus 44c

Reports Q2 revenue $168.90M , consensus $166.85M.Total cash and investments at the end of second quarter 2023 were $372.3 M and our Term Loan B principal amount was $31.1 M. Cohu repurchased 77,203 shares of its common stock in the second quarter for an aggregate amount of approximately $2.7M. “Second quarter gross margin and profitability were strong driven by a resilient recurring business model which has achieved a 3-year compound revenue growth rate of 7%,” said Cohu President and CEO Luis Muller. “We are focused on expanding our product portfolio and winning new customer applications, positioning the company to deliver revenue growth when market conditions improve.” .