COHU Earnings Prediction
The chart below shows how COHU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, COHU sees a +0.96% change in stock price 10 days leading up to the earnings, and a -0.59% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
COHU Key Earning Data
COHU Earnings Analysis
Positive
2024 Revenue Resilience: Full year 2024 revenue was about $402 million, indicating resilience in a challenging market.
Gross Margin Effectiveness: Non-GAAP gross margin for the full year was 45%, showcasing the effectiveness of differentiated products and optimized manufacturing costs.
Effective Revenue Management: Fourth quarter revenue was within guidance, demonstrating effective management and forecasting.
Segment Revenue Growth: Systems revenue increased sequentially in computing, industrial, and consumer segments, indicating growth in these areas despite declines in automotive and mobile.
Test Cell Utilization Increase: Estimated test cell utilization increased to 73%, with OSATs improving to 76%, reflecting positive trends in customer demand and operational efficiency.
Market Expansion and Revenue Growth: Cohu entered the memory and silicon carbide power semiconductor markets, with positive growth prospects in HBM expected to deliver $7 million of revenue this year.
Design Win for 800G Switches: The company secured a design win for testing 800G switches, highlighting its strong positioning in the data center market and AI applications.
Software Platform Growth: Cohu's software platform is expected to grow significantly, with an annual growth rate of 50% or more over the next three years, driven by AI-powered solutions.
AI and Analytics Enhancement: The acquisition of Tignis is expected to enhance Cohu's capabilities in AI and analytics, further supporting growth in software revenue.
Strong Balance Sheet Support: Cohu's balance sheet remains strong, supporting investment opportunities and returning capital to shareholders through share repurchase programs.
Negative
Revenue Decline Overview: Full year 2024 revenue was about $402 million, indicating a downturn in Cohu’s main market segments.
Gross Margin Impact Analysis: Fourth quarter gross margin was impacted by a $2.1 million inventory reserve charge, resulting in a gross margin of 41.8%, which was about 220 basis points lower than guidance.
Customer Concentration Risk: A significant customer in the automotive market accounted for more than 10% of sales in Q4, raising concerns about customer concentration risk.
Operating Loss Analysis: Q4 non-GAAP operating loss was approximately $6 million, indicating financial strain during the quarter.
Cash Decrease Analysis: Cash and investments decreased by $7 million during Q4, reflecting operational challenges and capital expenditures.
Q1 Revenue Outlook Adjustment: Recent customer requests to delay Q1 shipments have negatively impacted the initial revenue outlook for Q1 2025, leading to a guidance of approximately $97 million plus or minus $7 million.
Rising Operating Expenses: Operating expenses for Q1 are forecasted to be approximately $49 million, about $4 million higher than Q4, indicating rising costs.
Non-GAAP Tax Provision Estimate: The Q1 non-GAAP tax provision is expected to be approximately $3 million, reflecting ongoing tax burdens without benefits from U.S. losses.
COHU FAQs
How does COHU typically perform around its earnings report dates?
COHU's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +0.96% change leading up to the report and a -0.59% change in the 10 days following the release.
Is Cohu Inc (COHU) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
COHU Earning Call Sentiment
Cohu, Inc. (NASDAQ:COHU) Q4 2024 Earnings Call Transcript
COHU.O
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