COHU

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Cohu, Inc.

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Key Metrics

Previous Close: $55.19
52-Week Range: $18.67 – $74.60
Market Cap: $2.56B
P/E (TTM): —
EPS (TTM): -0.83
Dividend Yield: —

Advanced Metrics

Price/Book: 3.31
PEG Ratio: 1.15
Return on Equity: -4.84%
Return on Assets: -1.78%
Gross Margin: 43.95%
Operating Margin: 0.62%
Profit Margin: -7.43%
Current Ratio: 5.74
Debt/Equity: 0.43
Total Debt: $331.24M
Free Cash Flow: $66.29M
Revenue Growth: 38.40%
Earnings Growth: —
Enterprise Value: $2.45B

COHU Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$812.77M	$636.32M	$401.78M	$452.96M
Cost of Revenue	$429.45M	$333.45M	$221.49M	$259.34M
Gross Profit	$383.33M	$302.87M	$180.29M	$193.62M
Research & Development	$92.59M	$88.57M	$84.80M	$92.21M
Selling, General & Admin	$131.39M	$132.25M	$128.04M	$123.57M
Operating Expenses	$257.16M	$257.18M	$251.92M	$253.25M
Operating Income	$126.16M	$45.69M	-$71.63M	-$59.63M
EBITDA	$176.91M	$98.94M	-$11.84M	-$9.67M
Pretax Income	$126.72M	$45.82M	-$64.95M	-$62.41M
Income Tax	$29.87M	$17.66M	$4.87M	$11.87M
Net Income	$96.85M	$28.16M	-$69.82M	-$74.27M
Diluted EPS	1.98	0.59	-1.49	-1.59
Diluted Shares	48.80M	48.02M	46.91M	46.72M

COHU Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$242.34M	$245.52M	$206.41M	$227.05M
Receivables	$176.15M	$124.62M	$91.62M	$108.75M
Inventory	$170.14M	$155.79M	$141.86M	$129.01M
Current Assets	$764.85M	$638.82M	$534.31M	$749.99M
Total Assets	$1.23B	$1.15B	$999.41M	$1.24B
Current Liabilities	$160.87M	$103.42M	$85.18M	$109.08M
Long-Term Debt	$72.66M	$34.30M	$7.05M	$285.03M
Total Debt	$98.18M	$53.80M	$18.69M	$327.77M
Total Liabilities	$298.57M	$200.18M	$142.52M	$457.44M
Retained Earnings	$290.40M	$318.56M	$248.74M	$174.47M
Shareholders' Equity	$928.84M	$950.17M	$856.89M	$785.54M
Working Capital	$603.98M	$535.40M	$449.12M	$640.91M
Net Debt	—	—	—	$69.02M

COHU Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$112.86M	$101.47M	$2.78M	$31.69M
Capital Expenditure	-$14.77M	-$16.05M	-$10.63M	-$20.96M
Free Cash Flow	$98.09M	$85.42M	-$7.86M	$10.73M
Depreciation & Amortisation	$46.02M	$49.74M	$52.49M	$50.69M
Stock-Based Compensation	$14.92M	$17.24M	$20.74M	$23.04M
Investing Cash Flow	-$67.87M	-$30.21M	$21.92M	-$257.02M
Financing Cash Flow	-$91.07M	-$68.14M	-$59.03M	$246.33M
Dividends Paid	$0.00	—	—	—
Share Repurchases	-$50.72M	-$23.64M	-$26.99M	-$8.59M
Net Change in Cash	-$46.08M	$3.12M	-$34.34M	$21.00M

COHU Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$107.68M	$126.25M	$122.23M	$125.12M	$149.00M
Cost of Revenue	$60.57M	$70.98M	$73.30M	$67.21M	$81.41M
Gross Profit	$47.11M	$55.26M	$48.93M	$57.91M	$67.59M
Research & Development	$23.19M	$22.45M	$23.42M	$26.39M	$24.94M
Selling, General & Admin	$29.87M	$31.77M	$31.92M	$34.60M	$34.45M
Operating Expenses	$63.13M	$64.47M	$62.62M	$68.29M	$66.67M
Operating Income	-$16.03M	-$9.21M	-$13.70M	-$10.38M	$925.00K
EBITDA	-$1.25M	$5.89M	-$1.63M	$3.03M	$14.03M
Pretax Income	-$14.83M	-$7.82M	-$13.79M	-$9.01M	$1.99M
Income Tax	$2.05M	-$3.71M	$8.69M	$3.06M	$2.15M
Net Income	-$16.88M	-$4.10M	-$22.49M	-$12.07M	-$159.00K
Diluted EPS	-0.36	-0.09	-0.48	-0.26	0.00
Diluted Shares	46.66M	46.75M	46.84M	47.00M	47.33M

COHU Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$164.44M	$149.94M	$227.05M	$210.94M	$219.61M
Receivables	$90.83M	$123.89M	$108.75M	$101.45M	$122.74M
Inventory	$137.83M	$134.25M	$129.01M	$130.81M	$140.33M
Current Assets	$491.01M	$513.52M	$749.99M	$754.20M	$788.64M
Total Assets	$1.01B	$1.02B	$1.24B	$1.24B	$1.26B
Current Liabilities	$100.56M	$116.91M	$109.08M	$117.31M	$137.35M
Long-Term Debt	$7.25M	$6.88M	$285.03M	$284.99M	$285.05M
Total Debt	$50.45M	$49.90M	$327.77M	$327.17M	$326.94M
Total Liabilities	$179.65M	$190.18M	$457.44M	$466.04M	$483.81M
Retained Earnings	$201.06M	$196.96M	$174.47M	$162.40M	$162.24M
Shareholders' Equity	$830.54M	$831.09M	$785.54M	$768.99M	$774.59M
Working Capital	$390.45M	$396.60M	$640.91M	$636.89M	$651.29M
Net Debt	—	—	$69.02M	$85.08M	$76.62M

COHU Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$16.05M	-$14.01M	$39.84M	$10.31M	$10.44M
Capital Expenditure	-$2.66M	-$3.96M	-$3.38M	-$2.03M	-$2.30M
Free Cash Flow	$13.39M	-$17.97M	$36.46M	$8.29M	$8.14M
Depreciation & Amortisation	$13.46M	$13.59M	$10.55M	$10.42M	$10.42M
Stock-Based Compensation	$5.67M	$5.66M	$5.48M	$6.28M	$6.59M
Investing Cash Flow	-$743.00K	-$12.69M	-$209.58M	-$22.38M	-$852.00K
Financing Cash Flow	$1.10M	-$478.00K	$247.85M	-$4.95M	$1.31M
Share Repurchases	$1.50M	-$62.00K	$575.00K	-$4.58M	$1.15M
Net Change in Cash	$16.41M	-$27.18M	$78.11M	-$17.02M	$10.90M

Market Snapshot

About

Cohu, Inc. is a supplier of semiconductor test and inspection equipment and services. Headquartered in Poway, California, the company designs, manufactures, and markets semiconductor test handlers, contactors, thermal subsystems, automated test equipment, and inspection systems used by semiconductor manufacturers and test subcontractors. Cohu's products are essential in the semiconductor manufacturing process, ensuring chip quality and reliability across applications including automotive, industrial, IoT, mobile, and computing markets. The company serves customers globally with operations in North America, Asia, and Europe.