Cohu
Supplies equipment, interfaces, software, and services for semiconductor test and inspection.
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Profile
Sells semiconductor test automation, automated test equipment, inspection and metrology systems, contactors, probe cards, analytics software, and installed-base services to chipmakers and test subcontractors. Recurring interface, spares, software, and service sales complement cyclical capital-equipment demand, with most shipments going outside the United States.
Supplies equipment, interfaces, software, and services used to test and inspect semiconductors at wafer level and after packaging. The portfolio spans test automation and thermal control, automated test equipment, optical and infrared inspection and metrology, contactors and probe cards, and factory analytics.
Serves chip manufacturers, outsourced assembly-and-test providers, and fabless designers across computing, automotive, industrial, mobile, and consumer markets. Precision thermal control, vision inspection, signal integrity, and machine-learning process control support high-volume test cells. Manufacturing is centered in Asia, while local engineering and service teams cover Asia-Pacific, Europe, and the United States.
Recurring sales of interface products, spares, upgrades, software, and services complement capital-equipment systems and represent most revenue. Demand remains tied to semiconductor-equipment cycles, installed-base utilization, rapid device transitions, export controls, and globally dispersed operations.
Company facts
Key statistics
Year to date +95.0% · Average volume (30d) 977.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Craig-Hallum | Reiterate | Buy | $74 | |
| Jul 31, 2026 | Needham | Reiterate | Buy | $54 | $65 |
| Jul 31, 2026 | Jefferies | Reiterate | Buy | $60 | $74 |
| Jul 10, 2026 | Stifel Nicolaus | Target | $32 | $70 | |
| Jul 8, 2026 | Robert W. Baird | Target | $65 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.14 | $0.26 | +86.4% | $144.2M | $149.0M | +3.3% | +3.32% |
| Apr 30, 2026Q1 FY26 | $0.03 | $0.01 | −66.7% | $122.1M | $125.1M | +2.4% | −3.72% |
| Feb 12, 2026Q4 FY25 | $0.07 | −$0.15 | −314.3% | $122.1M | $122.2M | +0.1% | −6.71% |
| Oct 29, 2025Q3 FY25 | −$0.19 | −$0.06 | +68.4% | $122.1M | $126.2M | +3.4% | +0.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $96.8M | $107.7M | $126.2M | $122.2M | $125.1M | $149.0M | |
| Gross profit | $32.5M | $37.0M | $45.0M | $41.6M | $50.6M | $67.6M | |
| Operating income | −$20.8M | −$16.4M | −$9.3M | −$13.9M | −$10.5M | $292.0K | |
| Net income | −$30.8M | −$16.9M | −$4.1M | −$22.5M | −$12.1M | −$159.0K | |
| Diluted EPS | −$0.66 | −$0.36 | −$0.09 | −$0.48 | −$0.26 | −$0.00 | |
| Gross margin | 33.5% | 34.4% | 35.7% | 34.1% | 40.4% | 45.4% | |
| Operating margin | -21.4% | -15.2% | -7.4% | -11.4% | -8.4% | 0.2% |
Fiscal years (4-quarter sums)FY21 $887.2M · FY22 $812.8M · FY23 $636.3M · FY24 $401.8M · FY25 $453.0M
Balance sheet, Jun 27, 2026Cash & short-term investments $498.2M · Total debt $326.9M · Total assets $1.26B · Shareholders' equity $774.6M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 47.18M · Float 46.08M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.39M | 15.66% | 13F | Aug 7, 2026 |
| Capital World Investors | 2.76M | 5.80% | 13G | Aug 12, 2026 |
| Vanguard Capital Management | 2.37M | 5.01% | 13G | Jul 31, 2026 |
| Vanguard Portfolio Management LLC | 2.30M | 4.88% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 2.03M | 4.31% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Christopher Bohrson | officer: Sr VP & Chief Customer Officer | −10,000 | $55.82 |
| Aug 17, 2026 | Christopher Bohrson | officer: Sr VP & Chief Customer Officer | −1,000 | $61.90 |
| Aug 5, 2026 | Andrew M. Caggia | director | −15,252 | $51.74 |
| Aug 5, 2026 | Nina Richardson | director | −3,055 | $51.54 |
| Jul 15, 2026 | Christopher Bohrson | officer: Sr VP & Chief Customer Officer | −1,000 | $57.92 |
Peers
- Teradyne
Scaled ATE rival across wafer, package, and system-level test
- FormFactor
Probe-card and test-interface specialist
- Onto Innovation
Inspection, metrology, and process-control analytics rival
- Camtek
Advanced-packaging inspection and metrology competitor
- Aehr Test Systems
Wafer-level burn-in and reliability-test specialist
- PDF Solutions
Semiconductor analytics and yield-management software rival
- Nova
Material, optical, and chemical metrology competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cohu | $49.21 | +2.54% | $2.26B | — | 32.8 | 4.3 | +38.4% |
| Teradyne | $356.69 | +0.55% | $55.50B | 48.7 | 36.2 | 12.4 | +103.9% |
| FormFactor | $101.76 | −0.01% | $7.93B | 70.1 | 29.4 | 8.8 | +31.9% |
| Onto Innovation | $272.00 | +0.48% | $13.47B | 101.8 | 26.4 | 12.0 | +35.3% |
| Camtek | $136.20 | +0.58% | $6.33B | 222.2 | 29.8 | 12.4 | +8.1% |
| Aehr Test Systems | $81.30 | +0.64% | $2.64B | — | 98.8 | 51.8 | +33.4% |
| PDF Solutions | $44.81 | −0.18% | $1.88B | 178.2 | 30.8 | 7.8 | +19.0% |
| Nova | $353.89 | +1.33% | $11.09B | 43.4 | 28.1 | 12.7 | +15.9% |
| Median | 86.0 | 29.8 | 12.4 | +31.9% |