COHU Stock - Cohu, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $401.78M | $636.32M | $812.77M | $887.21M | $636.01M |
| Gross Profit | $179.83M | $302.81M | $382.87M | $386.40M | $275.51M |
| Gross Margin | 44.8% | 47.6% | 47.1% | 43.6% | 43.3% |
| Operating Income | $-71,668,000 | $43.27M | $125.56M | $201.52M | $3.26M |
| Net Income | $-69,818,000 | $28.16M | $96.85M | $167.32M | $-13,843,000 |
| Net Margin | -17.4% | 4.4% | 11.9% | 18.9% | -2.2% |
| EPS | $-1.49 | $0.59 | $2.01 | $3.53 | $-0.33 |
Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor and electronics manufacturers, and test subcontractors. It also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, and MEMS and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems, as well as application, data management software, and consulting services on its products. In addition, the company offers data analytics product that includes DI-Core, a software suite used to optimize Cohu equipment performance, which provides real-time online performance monitoring and process control. It markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was incorporated in 1947 and is headquartered in Poway, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 30th 2025 | TD Cowen | Reiterated | Buy | $30← $22 |
| May 2nd 2025 | TD Cowen | Reiterated | Buy | $22← $27 |
| January 13th 2025 | Needham | Downgrade | Hold | - |
| November 1st 2024 | TD Cowen | Reiterated | Buy | $30← $36 |
| November 1st 2024 | Craig Hallum | Upgrade | Buy | $30 |
| July 15th 2024 | Citigroup | Downgrade | Neutral | $36 |
| May 3rd 2024 | TD Cowen | Reiterated | Buy | $36← $40 |
| February 16th 2024 | TD Cowen | Reiterated | Outperform | $40← $38 |
| July 17th 2023 | B. Riley Securities | Upgrade | Buy | $50← $38 |
| February 17th 2023 | Craig Hallum | Downgrade | Hold | - |
| November 4th 2022 | Citigroup | Upgrade | Buy | $45← $30 |
| April 12th 2022 | B. Riley Securities | Downgrade | Neutral | $30← $40 |
Earnings History & Surprises
COHUEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.07 | — | — | — |
Q4 2025 | Oct 29, 2025 | $-0.19 | $-0.06 | +68.4% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $-0.02 | $0.02 | +200.0% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $-0.16 | $-0.02 | +87.5% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $-0.07 | $-0.15 | -114.3% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $-0.08 | $-0.08 | 0.0% | = MET |
Q3 2024 | Jul 31, 2024 | $-0.01 | $-0.01 | -56.0% | ✗ MISS |
Q2 2024 | May 2, 2024 | $0.00 | $0.01 | +195.0% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.22 | $0.23 | +4.5% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.31 | $0.35 | +12.9% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.43 | $0.48 | +11.6% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.54 | $0.56 | +3.7% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $0.60 | $0.70 | +16.7% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $0.65 | $0.74 | +13.8% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.71 | $0.81 | +14.1% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.56 | $0.66 | +17.9% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $0.55 | $0.72 | +30.9% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.70 | $0.70 | 0.0% | = MET |
Q3 2021 | Jul 29, 2021 | $0.78 | $0.89 | +14.1% | ✓ BEAT |
Latest News
TD Cowen Maintains Buy on Cohu, Raises Price Target to $30
📈 PositiveCohu Sees Q4 Sales $115.000M-$129.000M vs $118.611M Est
➖ NeutralCohu Q3 Adj. EPS $(0.06) Beats $(0.20) Estimate, Sales $126.249M Beat $124.982M Estimate
📈 PositiveReported Earlier, Cohu Prices Upsized $260M 1.50% Convertible Senior Notes Due 2031, From Previously Announced $200M
📈 PositiveCohu shares are trading lower after the company announced an offering of convertible senior notes.
📉 NegativeCohu shares are trading lower after the company announced an offering of convertible senior notes.
📉 NegativeCohu Announces $200M Convertible Senior Notes Due 2031 Offering To Boost Strategic Flexibility And Offset Potential Share Dilution
➖ NeutralCohu Announces That Its Eclipse Platform Has Been Selected By Major U.S.-Based Semiconductor Manufacturer For Production Testing Of Next-Gen Processor Devices
📈 PositiveCohu Secures Additional Neon Platform Orders for High-Bandwidth Memory Inspection; Raises 2025 HBM Revenue Outlook To $10M-$11M
📈 PositiveFrequently Asked Questions about COHU
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