Cohu Inc. (NASDAQ: COHU), a global supplier of equipment and services for semiconductor manufacturing, saw its shares surge 5.88% in the last 24 hours, following the release of its second-quarter 2025 financial results and third-quarter outlook. The company's performance exceeded analyst expectations, driving investor confidence in its future prospects.

For the second quarter, Cohu reported adjusted earnings per share of $0.02, significantly beating analysts' expectations of a $0.02 loss per share. Revenue also surpassed estimates, coming in at $107.7 million compared to the consensus forecast of $106 million. This performance marks a 2.85% increase in sales compared to the same period last year. The company's test cell utilization increased by 3 percentage points quarter-over-quarter, reaching 75%.

Adding to the positive sentiment, Cohu provided an optimistic outlook for the third quarter, expecting sales in the range of $125 million, plus or minus $7 million. This guidance suggests continued growth momentum. The company also highlighted several positive business developments, including a $28 million design-win order for the mobile and automotive sectors, the introduction of a new Eclipse handler model, and the qualification of its ULTRA-S contactor for precision analog IC testing. These factors, combined with the company's expansion into new markets, appear to be driving investor enthusiasm and contributing to the stock's impressive performance.