GAAP to non-GAAP adjustments, primarily driven by the Xcerra acquisition, include $10 million of purchased intangible amortization expense, $1.3 million of property plant and equipment step-up costs and $7.3 million of restructuring costs.
The Q2 net cash impact of these items is approximately $2 million, related primarily to employee severance.
Q2 revenue of $150 million was at the low end of our range and impacted by the export restrictions to Huawei on our customers and continued softness in mobility.
As announced on our Q1 earnings call, we’ve taken action that results in pulling forward approximately $20 million of cost synergies into 2019, ahead of the original target of three to five years.
During Q2, Cohu used approximately $9.5 million of cash from operations, and our cash balance was approximately $144 million at the end of the quarter.
For third-quarter 2019 guidance, we’re expecting sales to be approximately $143 million.
The expectation is this could generate, call it, in the order of $15 million or so next year.