Cohu, Inc. COHU R2K
Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in the United States, Taiwan, China, Malaysia, the Philippines, Singapore, and internationally. It supplies test and inspection metrology automation systems, micro-electromechanical system test modules, test contactors, thermal subsystems, and data analytics software for semiconductor manufacturers and test subcontractors. The company also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, film frame, laser marker, 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, it 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. Further, the company provides artificial intelligence process control and analytics-based monitoring software. 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 San Diego, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -17.7% CAGR over 5 years.
- Earnings shrank at -58.9% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | COHU Cohu, Inc. R2K | 52.75 | - | $2.49B | - | -5.32% | -6.96% | -17.71% | -58.90% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Apr 2017 | Jun 2017 | Jul 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Apr 2023 | Jul 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65.78M | 76.35M | 69.26M | 70.69M | 81.10M | 81.10M | 93.87M | 93.87M | 93.65M | 84.09M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 96.80M | 107.68M | 126.25M | 122.23M | 125.12M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54.48M | 60.57M | 70.98M | 73.30M | 67.21M |
| Gross Profit | 19.28M | 26.74M | 23.28M | 25.53M | - | 32.26M | - | 37.13M | 36.91M | 34.42M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.32M | 47.11M | 55.26M | 48.93M | 57.91M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 63.02M | 63.13M | 64.47M | 62.62M | 68.29M |
| Operating Income | -1.51M | 3.22M | 906.00K | - | 8.02M | - | 11.64M | - | 10.42M | - | 11.59M | 10.77M | 7.01M | - | -17.98M | -14.66M | -6.02M | - | -13.63M | -528.00K | -1.36M | - | 35.73M | 114.52M | 33.72M | 27.69M | 36.91M | 33.71M | 19.88M | 15.66M | 7.40M | -17.97M | -16.30M | -15.77M | - | -20.70M | -16.03M | -9.21M | -13.70M | -10.38M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -12.68M | -1.25M | 5.89M | -1.62M | 3.03M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 198.00K | 126.00K | 110.00K | 1.62M | 1.62M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -25.97M | -14.83M | -7.82M | -13.79M | -9.01M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.84M | 2.05M | -3.71M | 8.69M | 3.06M |
| Net Income | -1.69M | 2.46M | 179.00K | 2.09M | 6.76M | 6.76M | 10.43M | 10.43M | 8.76M | 6.89M | 8.12M | 11.65M | 4.80M | -56.75M | -22.64M | -19.32M | -10.47M | -17.27M | -17.28M | -4.74M | -6.65M | 14.86M | 27.61M | 95.10M | 23.73M | 21.57M | 28.77M | 24.88M | 15.69M | 10.58M | 3.92M | -14.63M | -15.77M | -18.06M | - | -30.80M | -16.88M | -4.10M | -22.49M | -12.07M |
| Diluted EPS | -0.06 | 0.09 | 0.01 | 0.08 | 0.24 | 0.24 | 0.36 | 0.36 | 0.30 | 0.23 | 0.28 | 0.39 | 0.16 | -1.40 | -0.55 | -0.47 | -0.25 | -0.42 | -0.42 | -0.11 | -0.16 | 0.34 | 0.61 | 1.92 | 0.48 | 0.44 | 0.59 | 0.51 | 0.33 | 0.22 | 0.08 | -0.31 | -0.34 | -0.39 | - | -0.66 | -0.36 | -0.09 | -0.48 | -0.26 |
| R&D Expense | 7.68M | 8.35M | 8.67M | - | 9.78M | - | 9.47M | - | 9.61M | - | 11.78M | 11.05M | 11.09M | - | 22.73M | 22.11M | 20.48M | - | 22.47M | 20.42M | 20.50M | - | 23.15M | 23.42M | 22.79M | 23.11M | 23.16M | 23.37M | 22.51M | 22.47M | 21.48M | 22.34M | 21.34M | 20.32M | - | 23.15M | 23.19M | 22.45M | - | 26.39M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 171.26M | 322.67M | 308.97M | 206.31M | 214.51M | 316.63M | 269.65M | 282.08M | 352.70M | - | - | - | - | 812.77M | 636.32M | 401.78M | 452.96M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 429.45M | 333.45M | 221.49M | 259.34M |
| Gross Profit | - | - | 100.13M | 67.98M | 63.39M | 105.97M | 89.04M | 94.83M | 140.72M | - | - | - | - | 383.33M | 302.87M | 180.29M | 193.62M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 257.16M | 257.18M | 251.92M | 253.25M |
| Operating Income | -15.10M | 29.68M | 17.34M | -13.96M | -30.98M | 19.40M | 7.96M | 3.04M | 37.73M | -29.78M | -52.33M | 3.26M | - | 126.16M | 45.69M | -71.63M | -59.63M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 176.91M | 98.94M | -11.84M | -9.67M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.18M | 3.38M | 618.00K | 2.05M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 126.72M | 45.82M | -64.95M | -62.41M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.87M | 17.66M | 4.87M | 11.87M |
| Net Income | -28.17M | 24.64M | 15.72M | -12.24M | -33.42M | 8.71M | 250.00K | 3.04M | 32.84M | -32.18M | -69.70M | -13.80M | - | 96.85M | 28.16M | -69.82M | -74.27M |
| Diluted EPS | -1.20 | 1.02 | 0.64 | -0.50 | -1.34 | 0.33 | 0.01 | 0.11 | 1.14 | -1.01 | -1.69 | -0.33 | - | 1.98 | 0.59 | -1.49 | -1.59 |
| R&D Expense | 31.96M | 36.20M | 36.23M | 33.56M | 40.45M | 36.02M | 33.11M | 34.84M | 40.74M | 56.43M | 86.15M | 86.15M | 91.96M | 92.59M | 88.57M | 84.80M | 92.21M |
Compounded Sales Growth
| 5 Years: | -17.71% |
| 1 Year: | 29.30% |
Compounded Profit Growth
| 5 Years: | -58.90% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +209.02% |
| 6 Months: | +123.23% |
| 3 Months: | +74.67% |
| 1 Month: | +17.98% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 366.04M | 361.61M | 334.87M | 345.42M | 344.76M | 345.35M | 345.51M | 420.46M | 1.13B | 1.08B | 1.09B | - | 1.23B | 1.15B | 999.41M | 1.24B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 764.85M | 638.82M | 534.31M | 749.99M |
| Cash & Equivalents | 30.19M | 38.25M | 45.92M | 53.26M | 102.81M | 51.67M | 70.89M | 115.37M | 96.05M | 134.29M | 164.46M | 155.19M | 149.36M | - | 242.34M | 245.52M | 206.41M | 227.05M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 170.14M | 155.79M | 141.86M | 129.01M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 176.15M | 124.62M | 91.62M | 108.75M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 298.57M | 200.18M | 142.52M | 457.44M |
| Current Liabilities | - | - | 71.53M | 51.87M | 36.38M | 61.01M | 68.22M | 63.19M | 68.69M | 85.27M | 160.59M | 148.88M | 174.45M | - | 160.87M | 103.42M | 85.18M | 109.08M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | 4.58M | 343.43M | 346.52M | 311.55M | - | 72.66M | 34.30M | 7.05M | 285.03M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98.18M | 53.80M | 18.69M | 327.77M |
| Total Equity | 285.54M | 257.25M | 274.73M | 291.03M | 280.90M | 253.16M | 247.07M | 238.14M | 235.47M | 289.09M | 546.24M | 483.07M | 512.29M | - | 928.84M | 950.17M | 856.89M | 785.54M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 48.76M | 51.04M | 49.43M | 49.60M | - |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2.76M | 19.52M | 12.24M | 13.17M | 3.42M | 19.68M | 21.48M | 24.55M | 39.75M | 34.44M | 17.27M | 49.88M | - | 112.86M | 101.47M | 2.78M | 31.69M |
| Investing Cash Flow | 9.43M | -9.78M | -806.00K | 41.17M | -51.33M | 8.64M | 31.03M | -32.92M | -7.04M | - | -16.55M | -18.36M | - | -67.87M | -30.21M | 21.92M | -257.02M |
| Financing Cash Flow | -4.90M | -1.83M | -3.86M | -5.76M | -3.15M | -4.18M | -4.98M | -6.71M | 2.15M | 322.11M | -8.18M | -38.22M | - | -91.07M | -68.14M | -59.03M | 246.33M |
| Capital Expenditure | -2.51M | -4.58M | -1.41M | -3.24M | -3.61M | -1.46M | -6.59M | -3.45M | -6.09M | -4.97M | -18.00M | -18.66M | - | -14.77M | -16.05M | -10.63M | -20.96M |
| Free Cash Flow | 255.00K | 14.94M | 10.82M | 9.93M | -190.00K | 18.22M | 14.89M | 21.10M | 33.66M | 29.47M | -731.00K | 31.22M | - | 98.09M | 85.42M | -7.86M | 10.73M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -46.08M | 3.12M | -34.34M | 21.00M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 7.32M | 50.72M | 23.64M | 26.99M | 8.59M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 32.4% | 32.9% | 29.5% | 33.5% | 33.0% | 33.6% | 39.9% | - | - | - | - | 47.2% | 47.6% | 44.9% | 42.7% |
| Operating Margin % | -8.8% | 9.2% | 5.6% | -6.8% | -14.4% | 6.1% | 3.0% | 1.1% | 10.7% | - | - | - | - | 15.5% | 7.2% | -17.8% | -13.2% |
| Net Margin % | -16.4% | 7.6% | 5.1% | -5.9% | -15.6% | 2.8% | 0.1% | 1.1% | 9.3% | - | - | - | - | 11.9% | 4.4% | -17.4% | -16.4% |
| ROE % | -10.9% | 9.0% | 5.4% | -4.4% | -13.2% | 3.5% | 0.1% | 1.3% | 11.4% | -5.9% | -14.4% | -2.7% | - | 10.4% | 3.0% | -8.1% | -9.5% |
| ROCE % | - | 10.1% | 5.6% | -4.7% | -10.9% | 7.0% | 2.8% | 1.1% | 11.3% | -3.1% | -5.6% | 0.4% | - | 11.8% | 4.4% | -7.8% | -5.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.50% | 7.31M | $385.67M |
| 2 | Victory Capital Management Inc. | 4.89% | 2.31M | $121.67M |
| 3 | Vanguard Portfolio Management LLC | 4.32% | 2.04M | $107.53M |
| 4 | Royce & Associates LP | 4.30% | 2.03M | $106.96M |
| 5 | Vanguard Capital Management LLC | 4.17% | 1.97M | $103.79M |
| 6 | State Street Corporation | 3.87% | 1.83M | $96.34M |
| 7 | Barrow, Hanley Mewhinney & Strauss, LLC | 3.77% | 1.78M | $93.88M |
| 8 | Dimensional Fund Advisors LP | 3.32% | 1.57M | $82.69M |
| 9 | Systematic Financial Management, L.P. | 2.97% | 1.40M | $73.92M |
| 10 | Frontier Capital Management Company LLC | 2.74% | 1.29M | $68.29M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for COHU