• Sales of $281 million in the first nine months of 2018, up 5% year-over-year
• GAAP gross margin of 39.9%; non-GAAP gross margin of 40.8%
• GAAP earnings per share of $0.16; non-GAAP adjusted earnings per share of $0.30
• Recently completed the acquisition of Xcerra and already implemented $9.1 million annual run rate cost synergies

POWAY, Calif. — (BUSINESS WIRE) — November 5, 2018 — Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor equipment, today reported fiscal 2018 third quarter net sales of $86.2 million and GAAP income of $4.8 million or $0.16 per share. Net sales for the first nine months of 2018 were $281.1 million and GAAP income was $24.6 million or $0.83 per share. ⁽¹⁾

Cohu also reported non-GAAP results, with third quarter 2018 income of $9.0 million or $0.30 per share and income of $38.3 million or $1.29 per share for the first nine months of 2018. ⁽¹⁾

GAAP Results (1)
(in millions, except per share amounts)				Q3 FY 2018			Q2 FY 2018			Q3 FY 2017			9 Months 2018			9 Months 2017
Net sales				$86.2			$99.8			$93.7			$281.1			$268.6
Income				$4.8			$11.6			$8.8			$24.6			$26.2
Income per share				$0.16			$0.39			$0.30			$0.83			$0.92
Non-GAAP Results (1)
(in millions, except per share amounts)				Q3 FY 2018			Q2 FY 2018			Q3 FY 2017			9 Months 2018			9 Months 2017
Income				$9.0			$18.8			$12.6			$38.3			$36.3
Income per share				$0.30			$0.64			$0.43			$1.29			$1.27

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