Cohu Increases First Quarter Guidance and Announces Acceptance of New Eclipse XTA Handler by Large Korean Customer

▤ Summary

As a result, the company now expects the following revisions to first quarter 2018 guidance: Luis Müller, President and Chief Executive Officer of Cohu, commented, “ We are encouraged by the accelerated qualification and product acceptance of our Eclipse XTA handler by this major customer in Korea. This is the second significant customer success in the first quarter, following our January announcement that a large automotive semiconductor leader selected the MATRiX handler and our multi-beam test contactors. Together, these two customers are expected to add 2-3 points of handler share gains in 2018, while also providing increased confidence in our growth projections for our contactor business.” The Eclipse XTA handler delivers scalable performance for testing a wide range of semiconductors, from analog ICs to high performance mobile processors, in a fully automated semiconductor test operation. We are excited to be on the forefront of the robotics revolution in semiconductor test, working alongside this leading Korean customer. Such risks and uncertainties include, but are not limited to, risks associated with acquisitions; inventory, goodwill and other asset write-downs; our ability to convert new products into production on a timely basis and to support product development and meet customer delivery and acceptance requirements for new products; our reliance on third-party contract manufacturers and suppliers; failure to obtain customer acceptance resulting in the inability to recognize revenue and accounts receivable collection problems; revenue recognition impacts due to ASC 606; market demand and adoption of our new products; customer orders may be canceled or delayed; the concentration of our revenues from a limited number of customers; intense competition in the semiconductor equipment industry; our reliance on patents and intellectual property; compliance with U.S. export regulations; impacts from the Tax Cuts and Jobs Act of 2017; geopolitical issues; ERP system implementation issues; the seasonal, volatile and unpredictable nature of capital expenditures by semiconductor manufacturers; and rapid technological change.

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Cohu

$500M to $1B