CohuNASDAQ: COHU

Teradyne and Cohu shares look like cheaper ways to play the high-bandwidth memory market, rather than with Micron stock.

Cohu (COHU) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.48 per share a year ago.

POWAY, Calif.--(BUSINESS WIRE)--Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that management will participate in the 16th Annual CEO Investor Summit, being held in-person at the St. Regis Hotel, San Francisco on Wednesday, July 10, 2024. The presentation material utilized during the CEO Investor Summit will be made accessible on the investor page of the company's website at www.cohu.com. Abo.

Cohu, Inc. (NASDAQ:COHU) will be hosting its Q1 2024 Earnings Conference Call on May 2, 2024 at 4:30 PM ET. Present on the call will be Jeff Jones, the Chief Financial Officer, and Luis Muller, the President and Chief Executive Officer. Joining the call will be analysts from Stifel, Needham, Steelhead Securities, B. Riley, and Goldman Sachs. Thank you for joining us today.

Cohu (COHU) reported quarterly earnings of $0.01 per share, surpassing the Zacks Consensus Estimate of a loss of $0.01 per share. This is lower than the earnings of $0.56 per share from the same period last year.

Cohu's financials show a decline in revenue, but resilient recurring revenue and stable gross margins provide positive signs for potential recovery. Weakness in the automotive and industrial sectors continues to impact COHU's performance in the short term. Positive signs in the smartphone market and consistent gross margin stability suggest a potential turnaround in the cycle.

POWAY, Calif.--(BUSINESS WIRE)--Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that management will participate in the 12th Annual NYC Summit Investor Conference, being held at Mastro's New York on Tuesday, December 12, 2023. The presentation material utilized during the NYC Summit will be made accessible on the investor page of the company's website at www.cohu.com. About The 12th Annual NYC.

Semiconductor service company Cohu is staring down the barrel of a 21% drop in revenue this year. However, the company's profitability remains resilient thanks to the expansion of its high-margin recurring revenue streams.

Cohu is a niche player in the semiconductor industry, offering a broad portfolio of equipment and services for back-end manufacturing. The company has seen solid growth, with revenues nearly quadrupling in a 7-8 year window. However, recent headwinds in the industry have led to declining sales and profitability, raising concerns about the company's near term earnings power.