Cohu’s Revenue by Segment

This statistic highlights Cohu’s Revenue by Segment, split across Recurring, Automotive, Industrial, Consumer, Mobility, IoT and Opto, Computing and PCB Test, reported on a quarterly basis.

Cohu’s Revenue by Segment

(All values are in millions, except percentages)

The total revenue of Cohu Inc. increased from $225.49 million in Q1 2021 to $244.81 in Q2 2021, growing at the rate of 8.5%. However, it decreased from $244.81 million in Q2 2021 to $225.06 million in Q3 2021, declining at the rate of 8% on a quarterly basis. Total revenue for the latest quarter of Q3 2021 was basically unaffected as compared to Q1 2021.

Recurring Revenue

Recurring revenues are driven by a rise in the number of semiconductor devices and PCBs that are tested, and by the continual introduction of the latest products and technologies.

Recurring revenue rose from $78.92 million in Q1 2021 to $85.68 million in Q2 2021, indicating a growth of 8.5%. However, the revenue decreased from $85.68 million in Q2 2021 to $78.77 million in Q3 2021, witnessing a decline of 8% on a quarterly basis. The recurring revenue segment contributes the highest to the total revenue, about 35% in Q3 2021.

Automotive

Semiconductor test handlers are utilized in conjunction with semiconductor ATE to automate the testing of packaged semiconductor devices. The company’s handlers support a variety of package sizes and device types, including those used in the automotive segment.

The Automotive segment generated $44.07 million in Q2 2021, which was a growth of 63% compared to $27.06 million in Q1 2021. It also grew to $45.01 million in Q3 2021, marking a slight growth of 2% as compared to $44.07 million in Q2 2021. This segment contributes 20% to total revenue of the company in Q3 2021.

Industrial

The company tests and handles capital equipment, interface products and related services to the semiconductor and electronics manufacturing industries.

The Industrial segment showed a growth of 8.5%, from $18.04 million in Q1 2021 to $19.58 million in Q2 2021. However, revenue from the Industrial segment rose from $19.58 million in Q2 2021 to $31.51 million in Q3 2021, marking a steep growth of 61% on a quarterly basis. This segment accounts for 14% of the company’s total revenue in Q3 2021.

Consumer

The Consumer segment generated $29.38 million in revenue in Q2 2021, which was an increase of 86% compared to $15.78 million in Q1 2021, on a quarterly basis. However, revenue in Q3 2021 declined to $27.01 million. This was a decline of 8% compared to Q2 2021. This segment contributes 12% to the company’s total revenue in Q3 2021.

Mobility

The Mobility segment saw a huge decline in revenue, from $54.12 million in Q1 2021 to $34.27 million in Q2 2021. This was a decline of 37% on a quarterly basis. Furthermore, the revenue declined to $18.01 million in Q3 2021, indicating a fall of 47% compared to $34.27 million in Q2 2021. This segment constitutes 8% of the total revenue in Q3 2021.

IoT and Opto

Revenue from Iot and Opto segment stood at $9.79 million in Q2 2021, which was a slight incline of 8.5% compared to $9.02 million in Q1 2021. On a quarterly basis, the revenue grew from $9.79 million in Q2 2021 to $13.50 million in Q3 2021, growing at the rate of 38%. It constitutes 6% of the total revenue in Q3 2021.

Computing

Revenue from the Computing segment was affected to some degree in 2021. It stood at $12.24 million in Q2 2021, decreasing at the rate of 9.5% as compared to $13.53 million in Q1 2021. In addition, revenue in Q3 2021 declined to $11.25 million, indicating a fall of 8% on a quarter-on-quarter basis. The Computing segment contributes 5% to the total revenue in Q3 2021.

PCB test

PCB test systems constitute flying probe testers, which are used to test low-volume, highly complex circuit boards. It does not require the use of a separate test fixture or universal grid testers.

On June 24, 2021, Cohu completed the sale of its PCB Test Equipment (PCB Test) business, thus contributing 0% to the total revenue of Q3 2021. However, the revenue increased from $9.02 million in Q1 2021 to $9.79 million in Q2 2021, indicating a growth of 8.5%, on a quarterly basis.

About Cohu Inc.

Founded in 1947, headquartered in U.S., Cohu is a leading supplier of semiconductor test and examination handlers, micro-electromechanical system (MEMS) test modules, test contactors and thermal subsystems, and semiconductor automated test equipment utilized by global semiconductor and electronics producers and test subcontractors.

On October 1, 2018, the company acquired Xcerra Corporation (Xcerra), a Massachusetts-based company, which is a global provider of testing and handling capital equipment, interface products, and related services to the semiconductor and electronics manufacturing industries. The company is listed on NASDAQ under the ticker “COHU”.

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