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Cohu Inc (COHU)
NASDAQ:COHU
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Cohu (COHU) Price & Analysis

1,361 Followers

COHU Stock Chart & Stats

$50.70
-$3.81(-6.99%)
At close: 4:00 PM EDT
$50.70
-$3.81(-6.99%)

Bulls Say, Bears Say

Bulls Say
Recurring Revenue MixA 60% recurring revenue mix driven by consumables and services creates durable, higher-margin revenue that smooths cyclical system sales. This supports mid-40% gross margins and predictable aftermarket cashflows, strengthening long-term margin sustainability and revenue visibility.
Robust Order PipelineA materially larger order backlog and a ~$750M HPC pipeline across multiple customers indicate sustained end-market demand and multi-year revenue potential. This scale of qualified opportunities underpins capacity planning, product investment, and structural growth beyond transient cycles.
Improved Cash Generation & LiquidityFree cash flow recovery and near-$500M liquidity provide a durable financial buffer to fund capacity expansion, R&D, and working capital needs. Strong cash cushions capital structure risk and enables strategic investments without immediate reliance on external financing.
Bears Say
Ongoing Unprofitability & Margin PressureDespite revenue improvement, the company remains loss-making with compressed margins versus prior profitable years. Structural margin pressure from systems mix, ramp costs, and higher operating expenses threatens sustainable profitability until recurring revenue and scale offsets system-led volatility.
Convertible Debt & Capital Structure ComplexityA large convertible issuance materially complicates the capital structure and creates dilution and refinancing considerations. Over the medium term, conversion mechanics and debt servicing influence capital allocation, shareholder dilution risk, and strategic flexibility.
Pipeline Conversion & Capacity RiskSignificant HPC opportunities require lengthy qualifications and production ramps; timing slippage into 2027 is likely. Combined with thermal head supply constraints and needed capacity expansion, this creates structural execution risk to revenue realization and near-term margin recovery.

Cohu News

COHU FAQ

What was Cohu Inc’s price range in the past 12 months?
Cohu Inc lowest stock price was $17.80 and its highest was $74.60 in the past 12 months.
    What is Cohu Inc’s market cap?
    Cohu Inc’s market cap is $2.39B.
      When is Cohu Inc’s upcoming earnings report date?
      Cohu Inc’s upcoming earnings report date is Jul 30, 2026 which is in 2 days.
        How were Cohu Inc’s earnings last quarter?
        Cohu Inc released its earnings results on Apr 30, 2026. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.032 by -$0.022.
          Is Cohu Inc overvalued?
          According to Wall Street analysts Cohu Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Cohu Inc pay dividends?
            Cohu Inc pays a Quarterly dividend of $0.06 which represents an annual dividend yield of N/A. See more information on Cohu Inc dividends here
              What is Cohu Inc’s EPS estimate?
              Cohu Inc’s EPS estimate is 0.14.
                How many shares outstanding does Cohu Inc have?
                Cohu Inc has 47,175,346 shares outstanding.
                  What happened to Cohu Inc’s price movement after its last earnings report?
                  Cohu Inc reported an EPS of $0.01 in its last earnings report, missing expectations of $0.032. Following the earnings report the stock price went down -3.717%.
                    Which hedge fund is a major shareholder of Cohu Inc?
                    Currently, no hedge funds are holding shares in COHU
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Cohu Inc

                      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.

                      Cohu (COHU) Earnings & Revenues

                      COHU Company Deck

                      COHU Earnings Call

                      Q1 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call conveyed strong commercial momentum: revenue beat, materially upgraded guidance, large and growing HPC and inspection pipelines, notable customer wins (including a $100M incremental account opportunity), and improving recurring revenue mix. These positives are moderated by near-term margin pressure from systems mix and initial ramp costs, higher operating expenses to secure growth, supply-chain and capacity constraints, and timing risk for converting a sizable pipeline into 2026 revenue (some likely shifting into 2027). Overall liquidity is healthy but the capital structure includes significant convertible debt. On balance, the strategic wins and upgraded outlook outweigh the manageable execution and timing risks.View all COHU earnings summaries

                      COHU Stock 12 Month Forecast

                      Average Price Target

                      $64.00
                      ▲(26.23% Upside)
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                      Ownership Overview

                      4.70%31.53%1.51%33.51%
                      1.51% Other Institutional Investors
                      33.51% Public Companies and Individual Investors
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