Q1 2025 Cohu Inc Earnings Call Transcript

May 1, 2025 / 08:30 PM GMT

Release Date Price: €14

Transcript 10-Q8-K

Key Points

Positve

Cohu Inc (COHU) reported first-quarter 2025 results in line with guidance, with revenue approximately $97 million and a non-GAAP gross margin of approximately 44%.
Recurring orders increased by 28% quarter over quarter, indicating potential utilization improvements in the coming quarters.
Cohu Inc (COHU) secured three new design wins for their handlers, including a leading package and test subcontractor in China, supporting the local automotive industry.
The company received repeat multi-unit orders for HBM inspection systems, continuing to increase penetration in the memory market.
Cohu Inc (COHU) successfully integrated the recently acquired TGNIs with their DI core predictive maintenance solutions, signing three new demonstration opportunities in the quarter.

Negative

Test cell utilization decreased to 72% at the end of March, down 1% quarter over quarter.
Revenue from computing, industrial, and mobile segments declined, offsetting gains in automotive and consumer segments.
Cohu Inc (COHU) recorded a non-GAAP net loss of approximately $800,000 for the first quarter.
Cash and investments decreased by $61 million during Q1, primarily due to acquisitions and share repurchases.
The company is cautious about future quarters due to potential impacts from tariffs and remains uncertain about the pace of recovery in the automotive segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

COHU.OQ - Cohu Inc
Q1 2025 Cohu Inc Earnings Call
May 01, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to CoU's first quarter 2025 financial results call.

At this time, all participants are on a listen-only mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised.

To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Jeff Jones, Chief Financial Officer. Please go ahead.

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Unidentified_2

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