Cohu, Inc. logo

Cohu, Inc.

COHU

NASDAQTechnologySemiconductors

Previous close

$54.37

+$0.26 · +0.48%

Aug 21, 4:00 PM ET

COHU company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

3

Overpriced

Momentum

59

Neutral

Sentiment

47

Mixed

Risk resilience

44

Elevated Risk

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Company profile

Company website

Cohu, Inc. stands as a prominent global provider of advanced semiconductor test equipment and comprehensive associated services. Operating through its various subsidiaries, the company extends its reach across key international markets including China, the United States, Taiwan, Malaysia, and the Philippines. Its diverse product portfolio caters to semiconductor and electronics manufacturers, as well as test subcontractors, encompassing crucial equipment such as automated test equipment (ATE) for both wafer-level and device package testing, and a wide array of test and inspection handlers. These handlers include specialized pick-and-place, turret, gravity, strip, and advanced micro-electromechanical system (MEMS) and thermal sub-systems. Cohu also offers vital interface components like test contactors, probe heads, and pins. Beyond hardware, Cohu delivers extensive post-sales support, including spare parts and kits, robust parts and labor warranties for its systems and instruments, and essential training for system maintenance and operation. The company further provides application and data management software, alongside expert consulting services related to its product offerings. A significant technological offering is the DI-Core data analytics product suite. This sophisticated software is engineered to optimize the performance of Cohu equipment, facilitating real-time online monitoring and precise process control. Cohu distributes its solutions through a combination of its direct sales force and a network of independent sales representatives. Established in 1947, the company originally operated as Cohu Electronics, Inc. before adopting its current name, Cohu, Inc., in 1972. Its corporate headquarters are located in Poway, California.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Luis Antonio Müller
Listed since
Mar 17, 1980
Employees
2,777

Market position

Day range

Current $54.37

52-week range

Current $54.37

Open
$55.31
Previous close
$54.11
Volume
789.28K
0.57× average
Average volume
1.39M
Average daily volume
Market cap
2.56B USD
Beta
1.59
Market reference 1
50-day average
$56.6456
-4.02% below average
200-day average
$39.0524
+39.22% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.2B USD
P/E (TTM)
-65.42×
P/B (TTM)
3.32×
P/S (TTM)
4.91×
EV / EBITDA
-175.39×
Earnings yield
-6.77%
Free cash flow yield
0.98%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
39.20%
Operating margin
-6.40%
Net margin
-7.43%
Return on equity
-9.46%
Return on assets
-5.98%
Return on invested capital
-5.28%

Financial health

Debt / equity
0.42×
Current ratio
6.88×
Altman Z-score
4.34
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%28%2%-24%Gross margin, FY2021: 43.55%Gross margin, FY2022: 47.11%Gross margin, FY2023: 47.59%Gross margin, FY2024: 44.76%Gross margin, FY2025: 34.47%Operating margin, FY2021: 22.71%Operating margin, FY2022: 15.45%Operating margin, FY2023: 6.80%Operating margin, FY2024: -17.84%Operating margin, FY2025: -13.34%Net margin, FY2021: 18.86%Net margin, FY2022: 11.92%Net margin, FY2023: 4.42%Net margin, FY2024: -17.38%Net margin, FY2025: -16.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.55%. Gross margin FY2022 47.11%. Gross margin FY2023 47.59%. Gross margin FY2024 44.76%. Gross margin FY2025 34.47%. Operating margin FY2021 22.71%. Operating margin FY2022 15.45%. Operating margin FY2023 6.80%. Operating margin FY2024 -17.84%. Operating margin FY2025 -13.34%. Net margin FY2021 18.86%. Net margin FY2022 11.92%. Net margin FY2023 4.42%. Net margin FY2024 -17.38%. Net margin FY2025 -16.40%.

Income trends

Revenue

452.96M USD+12.74%

Operating income

−60.43M USD+15.69%

Net income

−74.27M USD-6.38%
Income trends across reported periods983.36M USD598.77M USD214.17M USD−170.42M USDRevenue, FY2021: 887.21M USDRevenue, FY2022: 812.78M USDRevenue, FY2023: 636.32M USDRevenue, FY2024: 401.78M USDRevenue, FY2025: 452.96M USDOperating income, FY2021: 201.52M USDOperating income, FY2022: 125.56M USDOperating income, FY2023: 43.27M USDOperating income, FY2024: −71.67M USDOperating income, FY2025: −60.43M USDNet income, FY2021: 167.33M USDNet income, FY2022: 96.85M USDNet income, FY2023: 28.16M USDNet income, FY2024: −69.82M USDNet income, FY2025: −74.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 887.21M USD. Revenue FY2022 812.78M USD. Revenue FY2023 636.32M USD. Revenue FY2024 401.78M USD. Revenue FY2025 452.96M USD. Operating income FY2021 201.52M USD. Operating income FY2022 125.56M USD. Operating income FY2023 43.27M USD. Operating income FY2024 −71.67M USD. Operating income FY2025 −60.43M USD. Net income FY2021 167.33M USD. Net income FY2022 96.85M USD. Net income FY2023 28.16M USD. Net income FY2024 −69.82M USD. Net income FY2025 −74.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue452.96M USD401.78M USD636.32M USD812.78M USD887.21M USD
Cost of goods sold296.8M USD221.95M USD333.52M USD429.9M USD500.81M USD
Gross profit156.15M USD179.83M USD302.81M USD382.87M USD386.4M USD
Research and development92.21M USD84.8M USD88.57M USD92.59M USD91.96M USD
Selling, general, and administrative124.37M USD127.84M USD130.65M USD131.39M USD126.96M USD
Operating expenses216.58M USD251.5M USD259.53M USD257.32M USD184.89M USD
Interest income8.04M USD9.98M USD11.5M USD4.01M USD239K USD
Interest expense2.05M USD618K USD3.38M USD4.18M USD6.41M USD
Depreciation and amortization53.52M USD52.49M USD49.74M USD46.02M USD48.57M USD
Operating income−60.43M USD−71.67M USD43.27M USD125.56M USD201.52M USD
Net income−74.27M USD−69.82M USD28.16M USD96.85M USD167.33M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
+8.24%
11 comparable reports
Latest EPS result
0.26
Estimate 0.14 · Beat by 86.38%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.410.2-0.02-0.23Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual -0.15, estimate -0.07, surprise -114.29%, Miss. Q2 2025, reported May 1, 2025: actual -0.02, estimate -0.16, surprise +87.50%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.02, estimate -0.02, surprise +200.00%, Beat. Q4 2025, reported Oct 29, 2025: actual -0.06, estimate -0.19, surprise +68.42%, Beat. Q1 2026, reported Feb 12, 2026: actual -0.15, estimate 0.07, surprise -314.29%, Miss. Q2 2026, reported Apr 30, 2026: actual 0.01, estimate 0.03, surprise -66.67%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.26, estimate 0.14, surprise +86.38%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.37, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates177.05M147.14M117.23M87.31MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 94.12M USD, estimate 95.11M USD, surprise -1.04%, Miss. Q2 2025, reported May 1, 2025: actual 96.8M USD, estimate 96.61M USD, surprise +0.19%, Beat. Q3 2025, reported Jul 31, 2025: actual 107.68M USD, estimate 114.48M USD, surprise -5.94%, Miss. Q4 2025, reported Oct 29, 2025: actual 126.25M USD, estimate 122.09M USD, surprise +3.40%, Beat. Q1 2026, reported Feb 12, 2026: actual 122.23M USD, estimate 122.1M USD, surprise +0.11%, Beat. Q2 2026, reported Apr 30, 2026: actual 125.12M USD, estimate 122.14M USD, surprise +2.44%, Beat. Q3 2026, reported Jul 30, 2026: actual 149M USD, estimate 144.2M USD, surprise +3.33%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 170.24M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$66.83

22.92% upside
Past 12 months12-month forecastHigh $74.00Average $66.83Low $53.00

COHU news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.24

2019 complete year0.0% since 2015

Corporate action history

Dividend

Ex-dividend Feb 24, 2020

$0.06

Quarterly

Record Feb 25, 2020 · Payment Apr 9, 2020

Dividend

Ex-dividend Nov 14, 2019

$0.06

Quarterly

Record Nov 15, 2019 · Payment Jan 2, 2020

Dividend

Ex-dividend Aug 22, 2019

$0.06

Quarterly

Record Aug 23, 2019 · Payment Oct 18, 2019

Dividend

Ex-dividend Jun 13, 2019

$0.06

Quarterly

Record Jun 14, 2019 · Payment Jul 26, 2019

Dividend

Ex-dividend Feb 25, 2019

$0.06

Quarterly

Record Feb 26, 2019 · Payment Apr 12, 2019

Dividend

Ex-dividend Nov 15, 2018

$0.06

Quarterly

Record Nov 16, 2018 · Payment Jan 2, 2019

COHU peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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