Cohu Inc. Reports Narrowing Q1 Loss Amid Revenue Growth

Cohu Inc. (COHU) has announced its first-quarter financial results, highlighting a substantial reduction in net losses and a recovery in top-line revenue. The company's performance indicates a trend of operational improvement as it manages to narrow its losses through increased sales volume. For the first quarter, the company reported a net loss of $12.1 million, a marked improvement from the $30.8 million loss recorded during the same period last year. This improvement translated to an earnings per share (EPS) loss of $0.26, compared to a loss of $0.66 in the prior-year quarter. Revenue performance showed a positive trajectory, with net sales increasing to $125.1 million, up from $96.8 million a year earlier. This growth reflects a stronger revenue stream and improved market traction for the company's offerings. Despite the narrowing loss and revenue growth, the market reacted negatively to the announcement. COHU shares fell 2.85% in after-hours trading, dropping $1.35 to trade at $46.00 on the Nasdaq. This price action suggests that the results may have failed to meet specific investor expectations or that broader semiconductor sector headwinds are impacting sentiment.