Cohu (COHU) PT Lowered to $36 at Needham & Company
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Cohu Reports First Quarter 2022 Results
April 28, 2022 4:08 PM EDTFirst quarter revenue $197.8 million, up 3.1% quarter-over-quarter Gross margin of 46.1%; non-GAAP gross margin of 46.1% $45 million incremental design-win orders from tester market diversification Record order backlog expected to ship over multiple quarters
POWAY, Calif.--(BUSINESS WIRE)-- Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today reported fiscal 2022 first quarter net sales of $197.8 million and GAAP income of $21.6 million or $0.44 per share. Cohu also reported first quarter 2022 non-GAAP income of $32.6 million or $0.66 per share.
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