Cohu expects Q1 2024 revenue about 20% lower as Q4 revenue lands at $137 million
Cohu said preliminary fourth-quarter 2023 revenue came in line with its guidance at approximately $137 million, but expects first-quarter 2024 revenue to be about 20% lower than the fourth quarter. The company cited soft demand for test and inspection equipment, with estimated equipment utilization down 200 basis points to 71%. Shareholders get a weaker near-term revenue outlook, and detailed results and guidance are due on the February 15, 2024 earnings call.
Key points
- Preliminary Q4 2023 revenue of approximately $137 million, in line with guidance; figures are unaudited
- Q1 2024 revenue expected to be approximately 20% lower than Q4 2023
- Estimated equipment utilization fell 200 basis points to 71% at the end of Q4 2023
- Detailed results and Q1 2024 guidance will be discussed on February 15, 2024, at 4:30 p.m. Eastern Time
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.