COHU Cohu, Inc. - Common Stock

NASDAQ · Semiconductors · View on SEC EDGAR ↗

$44.12

Price · May 20, 2026

Fundamentals as of May 1, 2026

COHU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$44.12

Market Cap

$1.17B

P/E (TTM)

-14.8

EPS (TTM)

$-1.59

Revenue (TTM)

$453M

Div Yield

—

ROE

-9.2%

Debt/Equity

0.4

52W Range

$16 – $52

COHU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $453M

2016-12-31 → 2025-12-27

EPS $-1.59

2016-12-31 → 2025-12-27

Free Cash Flow $11M

2016-12-31 → 2025-12-27

Margins -16.4%

2016-12-31 → 2017-12-30

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

COHU

Peer Median

P/E (TTM)

-14.8

25.4

P/S (TTM)

2.6

4.1

P/B

1.5

2.4

EV / EBITDA

-51.5

—

Price / FCF

109.1

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

COHU

Peer Median

Operating Margin

-15.4%

—

Net Profit Margin

-16.4%

-8.6%

ROA

-6.6%

-5.0%

ROE

-9.2%

-6.6%

ROIC

-7.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

COHU

Peer Median

Debt / Equity

0.4

1.5

Current Ratio

6.9

4.6

Quick Ratio

4.4

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

COHU

Peer Median

Revenue YoY

12.7%

—

Revenue CAGR 3Y

-17.7%

—

Revenue CAGR 5Y

-6.6%

—

EPS YoY

-70.2%

—

Net Income YoY

-70.9%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

COHU

Peer Median

EPS (Diluted)

$-1.59

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

COHU

Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

—

Payout Ratio

—

5Y Div CAGR

—

Ex-date	Amount
Feb. 24, 2020	$0.0600
Nov. 14, 2019	$0.0600
Aug. 22, 2019	$0.0600
June 13, 2019	$0.0600
Feb. 25, 2019	$0.0600
Nov. 15, 2018	$0.0600
Aug. 23, 2018	$0.0600
June 14, 2018	$0.0600
Feb. 26, 2018	$0.0600
Nov. 16, 2017	$0.0600
Aug. 23, 2017	$0.0600
June 14, 2017	$0.0600
Feb. 24, 2017	$0.0600
Nov. 16, 2016	$0.0600
Aug. 24, 2016	$0.0600
June 15, 2016	$0.0600
Feb. 26, 2016	$0.0600
Nov. 18, 2015	$0.0600
Aug. 26, 2015	$0.0600
June 17, 2015	$0.0600

COHU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 13 analysts

Strong Buy 4 30.8%
Buy 8 61.5%
Hold 1 7.7%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-05-14

Median $60.00

Mean $57.43

← Below all targets $44.12

Low $50.00

High $65.00

Median target $60.00 +36.0%

Mean target $57.43 +30.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.02%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.01	$0.03	-0.02%
Dec. 31, 2025	$-0.15	$0.06	-0.21%
Sept. 30, 2025	$-0.06	$-0.20	0.14%
June 30, 2025	$0.02	$-0.02	0.04%
March 31, 2025	$-0.02	$-0.17	0.15%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
COHU	$1.17B	-14.8	12.7%	-16.4%	-9.2%	—
UCTT	$1.18B	-6.5	-2.1%	-8.8%	-22.9%	15.7%
VECO	$1.73B	48.4	-7.4%	5.3%	4.1%	40.0%
PLAB	$1.38B	10.5	-2.0%	16.1%	11.9%	35.3%
AEHR	$285M	-73.4	-10.9%	-6.6%	-3.2%	40.6%
ICHR	$653M	-12.3	11.6%	-5.6%	-7.8%	9.3%
PDFS	$1.13B	-1426.5	22.0%	-0.29%	-0.24%	72.3%
ALMU	$260M	-71.2	407.6%	-64.8%	-31.9%	—
ATOM	$72M	-3.4	-51.8%	-31036.9%	-101.7%	-393.8%
ASYS	$133M	-4.4	-21.6%	-38.2%	-44.7%	34.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$453M	$402M	$636M	$813M	$887M	$636M	$583M	$452M	$353M	$282M	$270M	$317M
Cost of Revenue	·	·	·	·	·	$364M	$354M	$292M	$209M	$182M	$181M	$211M
Gross Profit	·	·	·	·	·	·	·	·	$141M	$95M	$89M	$106M
R&D Expense	$92M	$85M	$89M	$93M	$92M	$86M	$86M	$56M	$41M	$35M	$33M	$36M
SG&A Expense	$124M	$128M	$132M	$131M	$127M	$129M	$143M	$97M	$61M	$55M	$51M	$51M
Operating Expenses	$523M	$473M	$593M	$687M	$686M	$633M	$636M	$482M	$315M	$279M	$262M	$297M
Operating Income	$-70M	$-72M	$43M	$126M	$202M	$3M	$-52M	$-30M	$38M	$3M	$8M	$19M
Interest Expense	$2M	$618.0K	$3M	$4M	$6M	$14M	$21M	$5M	$54.0K	·	·	·
Pretax Income	$-62M	$-65M	$46M	$127M	$192M	$-13M	$-72M	$-32M	$35M	$6M	$8M	$19M
Income Tax	$12M	$5M	$18M	$30M	$25M	$666.0K	$-3M	$631.0K	$2M	$3M	$2M	$5M
Net Income	$-74M	$-70M	$28M	$97M	$167M	$-14M	$-70M	$-32M	$33M	$3M	$250.0K	$9M
EPS (Basic)	$-1.59	$-1.49	$0.59	$2.01	$3.53	$-0.33	$-1.69	$-1.01	$1.18	$0.11	$0.01	$0.34
EPS (Diluted)	$-1.59	$-1.49	$0.59	$1.98	$3.45	$-0.33	$-1.69	$-1.01	$1.14	$0.11	$0.01	$0.33
Shares (Basic)	46,723,000	46,908,000	47,486,000	48,178,000	47,409,000	41,854,000	41,159,000	31,776,000	27,836,000	26,659,000	26,057,000	25,393,000
Shares (Diluted)	46,723,000	46,908,000	48,025,000	48,799,000	48,460,000	41,854,000	41,159,000	31,776,000	28,916,000	27,480,000	26,788,000	26,006,000
EBITDA	$-19M	$-19M	$93M	$172M	$250M	$56M	$7M	$-4M	$44M	$16M	$19M	$23M

Balance Sheet 26

Annual Balance Sheet data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$227M	$206M	$246M	$242M	$290M	$149M	$155M	$164M	$134M	$96M	$115M	$71M
Short-term Investments	$257M	$56M	$90M	$143M	$90M	$21M	$904.0K	$560.0K	$21M	$32M	$2M	$1M
Inventory	$129M	$142M	$156M	$170M	$161M	$142M	$131M	$139M	$62M	$46M	$51M	$49M
Prepaid Expense	$24M	$19M	$18M	$24M	$16M	$19M	$17M	$26M	$8M	·	·	$9M
Other Current Assets	$4M	$19M	$5M	$9M	$768.0K	$2M	$3M	$2M	$275.0K	$9M	$6M	$8M
Current Assets	$750M	$534M	$639M	$765M	$751M	$485M	$440M	$485M	$297M	$245M	$234M	$210M
PP&E (Net)	$77M	$75M	$69M	$65M	$64M	$67M	$71M	$74M	$34M	$18M	$19M	$32M
PP&E (Gross)	$165M	$159M	$156M	$143M	$135M	$132M	$114M	$114M	$67M	$47M	$45M	$75M
Accum. Depreciation	$88M	$85M	$87M	$78M	$71M	$65M	$43M	$40M	$33M	$29M	$26M	$43M
Goodwill	$283M	$235M	$242M	$214M	$220M	$252M	$239M	$242M	$66M	$59M	$60M	$63M
Intangibles	$79M	$111M	$152M	$140M	$177M	$234M	$275M	$319M	$17M	$18M	$25M	$33M
Other Non-current Assets	$24M	$31M	$32M	$21M	$22M	$23M	$20M	$13M	$6M	$5M	$6M	$6M
Total Assets	$1.24B	$999M	$1.15B	$1.23B	$1.26B	$1.09B	$1.08B	$1.13B	$420M	$346M	$345M	$345M
Accounts Payable	$41M	$31M	$34M	$52M	$85M	$68M	$49M	$48M	$38M	$31M	$27M	$25M
Current Liabilities	$109M	$85M	$103M	$161M	$192M	$174M	$149M	$161M	$85M	$69M	$63M	$68M
Capital Leases	$32M	$10M	$13M	·	·	·	$29M	·	·	·	·	·
Deferred Tax	$15M	$19M	$23M	$21M	$26M	$29M	$31M	$39M	$3M	$6M	$7M	$7M
Long-term Debt	$305M	$9M	$41M	$80M	$119M	$326M	$360M	$359M	$9M	·	·	·
Total Debt	$296M	$9M	$41M	$79M	$118M	$320M	$353M	$350M	·	·	·	·
Common Stock	$50M	$50M	$49M	$49M	$49M	$42M	$41M	$41M	$28M	$27M	$26M	$26M
Retained Earnings	$174M	$249M	$319M	$290M	$194M	$26M	$43M	$112M	$151M	$125M	$128M	$134M
Treasury Stock	$88M	$88M	$69M	$58M	$7M	$0	·	·	·	·	·	·
AOCI	$-32M	$-51M	$-35M	$-40M	$-27M	$-4M	$-34M	$-26M	$-18M	$-28M	$-22M	$-11M
Stockholders' Equity	$786M	$857M	$950M	$929M	$883M	$512M	$483M	$546M	$289M	$235M	$238M	$247M
Liabilities + Equity	$1.24B	$999M	$1.15B	$1.23B	$1.26B	$1.09B	$1.08B	$1.13B	$420M	$346M	$345M	$345M
Shares Outstanding	49,875,000	49,601,000	49,429,000	49,276,000	48,756,000	42,190,000	41,395,000	40,763,000	28,489,000	26,842,000	26,240,000	25,692,000

Cash Flow 20

Annual Cash Flow data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$51M	$52M	$50M	$46M	$49M	$53M	$59M	$26M	$9M	$10M	$11M	$13M
Stock-based Comp	$23M	$21M	$17M	$15M	$14M	$14M	·	$18M	$7M	$7M	$7M	$6M
Deferred Tax	$-2M	$-4M	$-5M	$-4M	$953.0K	$-5M	$-5M	$-8M	$-4M	$-1M	$222.0K	$832.0K
Amort. of Intangibles	$37M	$39M	$36M	$33M	$35M	$39M	$40M	$17M	$4M	$7M	$7M	$8M
Restructuring	$10M	$41.0K	$2M	$605.0K	$2M	$8M	$13M	$19M	·	·	·	·
Other Non-cash	$34M	$3M	$11M	$-41M	$-119M	$16M	$33M	$30M	$-6M	$5M	$3M	$-9M
Operating Cash Flow	$32M	$3M	$101M	$113M	$98M	$50M	$17M	$34M	$40M	$25M	$21M	$20M
CapEx	$21M	$11M	$16M	$15M	$12M	$19M	$18M	$5M	$6M	$3M	$7M	$1M
Investing Cash Flow	$-257M	$22M	$-30M	$-68M	$40M	$-18M	$-17M	·	$-7M	$-33M	$31M	$9M
Debt Issued	·	·	·	·	·	$0	$0	$348M	·	·	·	·
Net Debt Issued	$-2M	$-31M	$-39M	$-38M	$-206M	$-41M	·	$348M	·	·	·	·
Stock Issued	·	·	$0	$0	$223M	$0	$0	·	·	·	·	·
Stock Repurchased	$9M	$27M	$24M	$51M	$7M	$0	$0	·	·	·	·	·
Net Stock Activity	$-9M	$-27M	$-24M	$-51M	$216M	·	·	·	·	·	·	·
Dividends Paid	·	·	·	$0	$0	$5M	$10M	$7M	$7M	$6M	$6M	$6M
Financing Cash Flow	$246M	$-59M	$-68M	$-91M	$7M	$-38M	$-8M	$322M	$2M	$-7M	$-5M	$-4M
Net Change in Cash	$21M	$-39M	$3M	$-48M	$141M	$-7M	$-9M	$31M	$38M	$-19M	$44M	$19M
Taxes Paid	$-3M	$25M	$44M	$23M	$23M	$6M	$15M	$6M	$7M	$7M	$-253.0K	$971.0K
Free Cash Flow	$11M	$-8M	$85M	$98M	$86M	$31M	$-731.0K	$29M	$34M	$21M	$15M	$18M
Levered FCF	$8M	$-9M	$83M	$95M	$80M	$17M	$-20M	$24M	·	·	·	·

Profitability 8

Annual Profitability data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	·	·	·	·	·	·	·	·	39.9%	33.6%	33.0%	33.7%
Operating Margin	-15.4%	-17.8%	6.8%	15.4%	22.7%	0.51%	-9.0%	-6.6%	9.8%	2.0%	2.9%	2.7%
Net Margin	-16.4%	-17.4%	4.4%	11.9%	18.9%	-2.2%	-11.9%	-7.1%	9.3%	1.1%	0.09%	2.6%
Pretax Margin	-13.8%	-16.2%	7.2%	15.6%	21.7%	-2.1%	-12.4%	-7.1%	10.0%	2.1%	3.0%	5.0%
EBITDA Margin	-4.2%	-4.8%	14.6%	21.1%	28.2%	8.8%	1.1%	-0.83%	12.5%	5.7%	7.1%	6.8%
ROA	-6.6%	-6.5%	2.4%	7.8%	14.2%	-1.3%	-6.3%	-4.1%	8.6%	0.88%	0.07%	2.5%
ROE	-9.2%	-8.0%	3.0%	10.7%	19.1%	-2.8%	-13.5%	-7.7%	12.5%	1.3%	0.10%	3.5%
ROIC	-7.7%	-8.9%	2.7%	9.5%	17.5%	0.41%	-6.0%	-3.4%	11.3%	1.3%	2.4%	2.9%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	6.9	6.3	6.2	4.8	3.9	2.8	3.0	3.0	3.5	3.6	3.7	3.1
Quick Ratio	4.4	3.1	3.2	2.4	2.0	1.0	1.0	1.0	1.8	1.9	1.9	1.0
Debt / Equity	0.4	0.0	0.0	0.1	0.1	0.6	0.7	0.6	·	·	·	·
LT Debt / Equity	0.4	0.0	0.0	0.1	0.1	0.6	0.7	0.6	·	·	·	·
Interest Coverage	-34.0	-116.0	12.8	30.1	31.4	0.2	-2.5	-6.0	·	·	·	·

Efficiency 2

Annual Efficiency data for COHU
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.4	0.4	0.5	0.7	0.8	0.6	0.5	0.6	0.9	0.8	0.8	1.0
Inventory Turnover		·	·	·	·	·	2.7	2.6	2.9	3.9	3.9	3.6	4.0

Per Share 6

Annual Per Share data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$15.75	$17.28	$19.22	$18.85	$18.10	$12.14	$11.67	$13.40	$10.15	$8.77	$9.08	$9.62
Revenue / Share	$9.69	$8.57	$13.25	$16.66	$18.31	$15.20	$14.17	$14.22	$12.20	$10.27	$10.07	$12.82
Cash Flow / Share	$0.68	$0.06	$2.11	$2.31	$2.02	$1.19	$0.42	$1.08	$1.37	$0.89	$0.80	$0.76
Cash / Share	$4.55	$4.16	$4.97	$4.92	$5.95	$3.54	$3.75	$4.05	$4.71	$3.58	$4.40	$2.76
Dividend / Share	·	·	·	·	·	$0	$0	$0	·	·	·	$0
EPS (TTM)	$-1.59	$-1.49	$0.59	$1.98	$3.45	$-0.33	$-1.69	$-1.01	$1.14	$0.11	$0.01	$0.33

Growth Rates 5

Annual Growth Rates data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	12.7%	-36.9%	-21.7%	-8.4%	39.5%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-17.7%	-23.2%	0.02%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	-6.6%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	·	-70.2%	-42.6%	·	·	·	·	·	·	·	·
Net Income YoY	·	·	-70.9%	-42.1%	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for COHU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$453M	$402M	$636M	$813M	$887M	$636M	$583M	$452M	$353M	$282M	$270M	$317M
Net Income TTM	$-74M	$-70M	$28M	$97M	$167M	$-14M	$-70M	$-32M	$33M	$3M	$250.0K	$9M
Market Cap	$1.17B	$1.33B	$1.75B	$1.58B	$1.85B	$1.63B	$923M	$644M	$625M	$373M	$339M	$308M
Enterprise Value	$984M	$1.08B	$1.45B	$1.27B	$1.59B	$1.78B	$1.12B	$829M	·	·	·	·
P/E	-14.8	-18.0	60.0	16.2	11.0	-117.4	-13.2	-15.7	19.3	126.4	1293.0	36.3
P/S	2.6	3.3	2.7	1.9	2.1	2.6	1.6	1.4	1.8	1.3	1.3	1.0
P/B	1.5	1.6	1.8	1.7	2.1	3.2	1.9	1.2	2.2	1.6	1.4	1.2
P / Tangible Book	2.8	2.6	3.1	2.7	3.8	62.2	·	·	·	·	·	·
P / Cash Flow	37.0	479.0	17.2	14.0	19.0	32.9	53.5	18.7	15.7	15.2	15.8	15.6
P / FCF	109.1	-169.4	20.5	16.1	21.6	52.6	-1262.8	21.9	18.6	17.7	22.8	17.1
EV / EBITDA	-51.5	-56.2	15.6	7.4	6.4	31.9	171.2	-222.0	·	·	·	·
EV / FCF	91.6	-137.2	17.0	13.0	18.6	57.4	-1532.2	28.1	·	·	·	·
EV / Revenue	2.2	2.7	2.3	1.6	1.8	2.8	1.9	1.8	·	·	·	·
Dividend Yield	·	·	·	0.00%	0.00%	0.30%	1.1%	1.1%	1.1%	1.7%	1.8%	2.0%
Earnings Yield	-6.8%	-5.5%	1.7%	6.2%	9.1%	-0.85%	-7.6%	-6.4%	5.2%	0.79%	0.08%	2.8%
Payout Ratio	·	·	·	0.00%	0.00%	-36.0%	-14.1%	-21.6%	20.0%	209.0%	2486.0%	69.7%
Annual Payout	·	·	·	$0	$0	$5M	$10M	$7M	$7M	$6M	$6M	$6M

Income Statement 14

Quarterly Income Statement data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$125M	$122M	$126M	$108M	$97M	$94M	$95M	$105M	$108M	$137M	$151M	$169M	$179M	$191M	$207M	$217M
R&D Expense	$26M	$23M	$22M	$23M	$23M	$21M	$20M	$21M	$22M	$22M	$21M	$22M	$23M	$23M	$23M	$23M
SG&A Expense	$35M	$32M	$32M	$30M	$30M	$31M	$30M	$32M	$35M	$33M	$32M	$33M	$34M	$35M	$33M	$33M
Operating Expenses	$136M	$138M	$136M	$125M	$124M	$116M	$111M	$121M	$126M	$137M	$143M	$153M	$159M	$164M	$173M	$180M
Operating Income	$-11M	$-15M	$-10M	$-17M	$-27M	$-22M	$-16M	$-16M	$-18M	$334.0K	$7M	$16M	$20M	$27M	$34M	$37M
Interest Expense	$2M	$2M	$110.0K	$126.0K	$198.0K	$99.0K	$86.0K	$144.0K	$289.0K	$754.0K	$773.0K	$727.0K	$1M	$1M	$1M	$919.0K
Pretax Income	$-9M	$-14M	$-8M	$-15M	$-26M	$-19M	$-15M	$-14M	$-16M	$-497.0K	$9M	$17M	$21M	$26M	$35M	$38M
Income Tax	$3M	$9M	$-4M	$2M	$5M	$2M	$3M	$1M	$-2M	$2M	$5M	$6M	$5M	$4M	$10M	$9M
Net Income	$-12M	$-22M	$-4M	$-17M	$-31M	$-21M	$-18M	$-16M	$-15M	$-2M	$4M	$11M	$16M	$22M	$25M	$29M
EPS (Basic)	$-0.26	$-0.48	$-0.09	$-0.36	$-0.66	$-0.45	$-0.39	$-0.34	$-0.31	$-0.05	$0.08	$0.22	$0.33	$0.46	$0.52	$0.59
EPS (Diluted)	$-0.26	$-0.48	$-0.09	$-0.36	$-0.66	$-0.45	$-0.39	$-0.34	$-0.31	$-0.04	$0.08	$0.22	$0.33	$0.44	$0.51	$0.59
Shares (Basic)	46,996,000	-93,332,000	46,748,000	46,662,000	46,645,000	-94,006,000	46,815,000	46,965,000	47,134,000	-39,000	47,615,000	47,618,000	47,343,000	-97,059,000	47,984,000	48,475,000
Shares (Diluted)	46,996,000	-93,332,000	46,748,000	46,662,000	46,645,000	-94,006,000	46,815,000	46,965,000	47,134,000	-77,000	48,107,000	48,028,000	48,171,000	-98,224,000	48,526,000	48,928,000
EBITDA	$-731.0K	·	$-10M	$-17M	$-14M	·	$-16M	$-16M	$-5M	·	$7M	$16M	$32M	·	$34M	$37M

Balance Sheet 26

Quarterly Balance Sheet data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$211M	$227M	$150M	$164M	$152M	$206M	$189M	$203M	$191M	·	$293M	$275M	$227M	·	$232M	$281M
Short-term Investments	$278M	$257M	$48M	$45M	$49M	$56M	$80M	$59M	$80M	·	$94M	$97M	$98M	·	$137M	$87M
Inventory	$131M	$129M	$134M	$138M	$139M	$142M	$144M	$146M	$152M	·	$167M	$174M	$176M	·	$165M	$163M
Prepaid Expense	$27M	$24M	$26M	$26M	$24M	$19M	$20M	$20M	$24M	·	$31M	$29M	$32M	·	$24M	$19M
Other Current Assets	$6M	·	$32M	$27M	$21M	·	$17M	$15M	$10M	·	$3M	$3M	$587.0K	·	$2M	$4M
Current Assets	$754M	$750M	$514M	$491M	$479M	$534M	$542M	$546M	$573M	·	$719M	$722M	$709M	·	$749M	$767M
PP&E (Net)	$77M	$77M	$77M	$77M	$76M	$75M	$77M	$75M	$76M	·	$67M	$67M	$67M	·	$62M	$62M
PP&E (Gross)	$167M	$165M	$166M	$169M	$165M	$159M	$163M	$160M	$164M	·	$151M	$149M	$147M	·	$137M	$137M
Accum. Depreciation	$90M	$88M	$89M	$92M	$89M	$85M	$86M	$85M	$87M	·	$85M	$83M	$80M	·	$75M	$74M
Goodwill	$280M	$283M	$282M	$283M	$273M	$235M	$243M	$237M	$238M	$242M	$221M	$224M	$224M	$214M	$203M	$212M
Intangibles	$72M	$79M	$86M	$97M	$105M	$111M	$123M	$131M	$141M	·	$125M	$135M	$144M	·	$143M	$156M
Other Non-current Assets	$24M	$24M	$31M	$31M	$31M	$31M	$34M	$35M	$30M	·	$19M	$20M	$22M	·	$19M	$19M
Total Assets	$1.24B	$1.24B	$1.02B	$1.01B	$976M	$999M	$1.03B	$1.04B	$1.07B	·	$1.17B	$1.19B	$1.19B	·	$1.20B	$1.24B
Accounts Payable	$49M	$41M	$51M	$41M	$31M	$31M	$23M	$22M	$30M	·	$37M	$46M	$55M	·	$70M	$81M
Current Liabilities	$117M	$109M	$117M	$101M	$92M	$85M	$85M	$79M	$91M	·	$128M	$138M	$145M	·	$171M	$194M
Capital Leases	$31M	$32M	$32M	$32M	$9M	$10M	$10M	$11M	$13M	·	·	·	·	·	·	·
Deferred Tax	$17M	$15M	$16M	$18M	$19M	$19M	$22M	$22M	$23M	·	$22M	$22M	$23M	·	$23M	$24M
Long-term Debt	$296M	$305M	$18M	$18M	$18M	$9M	$11M	$10M	$11M	·	$41M	$43M	$44M	·	$79M	$92M
Total Debt	$296M	·	$18M	$18M	$18M	·	$11M	$10M	$11M	·	$41M	·	·	·	$79M	$92M
Common Stock	$50M	$50M	$50M	$50M	$50M	$50M	$50M	$50M	$49M	·	$49M	$49M	$49M	·	$49M	$49M
Retained Earnings	$162M	$174M	$197M	$201M	$218M	$249M	$270M	$288M	$304M	·	$321M	$317M	$306M	·	$269M	$244M
Treasury Stock	$87M	$88M	$88M	$88M	$90M	$88M	$88M	$80M	$73M	·	$56M	$52M	$51M	·	$45M	$28M
AOCI	$-38M	$-32M	$-34M	$-33M	$-45M	$-51M	$-38M	$-47M	$-44M	·	$-47M	$-37M	$-37M	·	$-72M	$-49M
Stockholders' Equity	$769M	$786M	$831M	$831M	$828M	$857M	$885M	$896M	$915M	$950M	$946M	$953M	$939M	$929M	$882M	$894M
Liabilities + Equity	$1.24B	$1.24B	$1.02B	$1.01B	$976M	$999M	$1.03B	$1.04B	$1.07B	·	$1.17B	$1.19B	$1.19B	·	$1.20B	$1.24B
Shares Outstanding	50,166,000	49,875,000	49,745,000	49,745,000	49,601,000	49,601,000	49,507,000	49,507,000	49,429,000	·	49,350,000	49,350,000	49,283,000	·	49,187,000	49,152,000

Cash Flow 18

Quarterly Cash Flow data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$10M	$11M	$14M	$13M	$13M	$13M	$13M	$13M	$13M	$13M	$12M	·	$12M	$11M	$11M	$12M
Stock-based Comp	$6M	$5M	$6M	$6M	$6M	$5M	$5M	$6M	$5M	$5M	$4M	·	$4M	$4M	$4M	$4M
Deferred Tax	$2M	$3M	$-2M	$-2M	$-889.0K	$-3M	$422.0K	$-2M	$818.0K	$-4M	$975.0K	·	$872.0K	$-5M	$923.0K	$659.0K
Amort. of Intangibles	$7M	$7M	$10M	$10M	$10M	$10M	$10M	$10M	$10M	$10M	$9M	$9M	$9M	$8M	$8M	$8M
Restructuring	$771.0K	$2M	$509.0K	$1M	$7M	$5.0K	$14.0K	$13.0K	$9.0K	$375.0K	$742.0K	$416.0K	$888.0K	$5.0K	$17.0K	$7.0K
Other Non-cash	$4M	·	·	·	$2M	·	·	·	$-18M	·	·	·	$-16M	·	·	·
Operating Cash Flow	$10M	$40M	$-14M	$16M	$-10M	$-2M	$17M	$1M	$-14M	$3M	$29M	·	$16M	$28M	$39M	$44M
CapEx	$2M	$3M	$4M	$3M	$11M	$3M	$2M	$2M	$3M	$4M	$4M	·	$5M	$4M	$5M	$3M
Investing Cash Flow	$-22M	$-210M	$-13M	$-743.0K	$-34M	$18M	$-22M	$19M	$7M	$-42M	$-504.0K	·	$14M	$-10M	$-54M	$852.0K
Net Debt Issued	$-375.0K	·	·	·	$-279.0K	·	·	·	$-30M	·	·	·	$-35M	·	·	·
Stock Issued	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0	$0
Stock Repurchased	$0	$0	$-1.0K	$138.0K	$8M	$32.0K	$8M	$8M	$11M	$13M	$5M	·	$3M	$13M	$18M	$14M
Net Stock Activity	$0	·	·	·	$-8M	·	·	·	$-11M	·	·	·	$-3M	·	·	·
Financing Cash Flow	$-5M	$248M	$-478.0K	$1M	$-2M	$859.0K	$-8M	$-7M	$-44M	$-12M	$-6M	·	$-47M	$-12M	$-30M	$-30M
Net Change in Cash	$-16M	$77M	$-14M	$13M	$-55M	$17M	$-14M	$12M	$-54M	$-48M	$18M	·	$-16M	$10M	$-48M	$14M
Taxes Paid	$4M	$-24M	$7M	$8M	$6M	$5M	$7M	$7M	$6M	$30M	$5M	·	$4M	$7M	$5M	$7M
Free Cash Flow	$8M	·	·	·	$-21M	·	·	·	$-17M	·	·	·	$11M	·	·	·
Levered FCF	$6M	·	·	·	$-21M	·	·	·	$-18M	·	·	·	$11M	·	·	·

Profitability 7

Quarterly Profitability data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	-8.9%	·	-7.7%	-16.0%	-28.2%	·	-16.5%	-15.6%	-16.7%	·	4.9%	9.3%	11.1%	·	16.3%	17.0%
Net Margin	-9.7%	·	-3.2%	-15.7%	-31.8%	·	-18.9%	-15.1%	-13.6%	·	2.6%	6.3%	8.7%	·	12.0%	13.2%
Pretax Margin	-7.2%	·	-6.2%	-13.8%	-26.8%	·	-15.6%	-13.8%	-15.2%	·	5.7%	10.1%	11.5%	·	17.0%	17.3%
EBITDA Margin	-0.58%	·	-7.7%	-16.0%	-14.7%	·	-16.5%	-15.6%	-4.4%	·	4.9%	9.3%	17.8%	·	16.3%	17.0%
ROA	-1.1%	·	-0.40%	-1.7%	-3.0%	·	-1.6%	-1.4%	-1.3%	·	0.33%	·	·	·	2.0%	2.2%
ROE	-1.5%	·	-0.48%	-2.0%	-3.5%	·	-2.0%	-1.7%	-1.6%	·	0.43%	·	·	·	2.8%	3.3%
ROIC	-1.4%	·	-0.60%	-2.3%	-3.8%	·	-2.1%	-2.0%	-1.7%	·	0.34%	·	·	·	2.5%	2.9%

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	6.4	·	4.4	4.9	5.2	·	6.4	7.0	6.3	·	5.6	·	·	·	4.4	3.9
Quick Ratio	4.2	·	1.7	2.1	2.2	·	3.2	3.3	3.0	·	3.0	·	·	·	2.2	1.9
Debt / Equity	0.4	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	·	·	·	0.1	0.1
LT Debt / Equity	0.4	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	·	·	·	0.1	0.1
Interest Coverage	-6.9	·	-88.3	-136.8	-138.0	·	-183.4	-113.2	-62.2	·	9.6	21.5	17.6	·	32.8	40.2

Efficiency 1

Quarterly Efficiency data for COHU
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	·	·	·	0.2	0.2

Per Share 5

Quarterly Per Share data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$15.33	·	$16.71	$16.70	$16.69	·	$17.87	$18.10	$18.52	·	$19.17	·	·	·	$17.93	$18.20
Revenue / Share	$2.66	·	$2.70	$2.31	$2.08	·	$2.04	$2.23	$2.28	·	$3.13	$3.52	$3.72	·	$4.26	$4.44
Cash Flow / Share	$0.22	·	·	·	$-0.22	·	·	·	$-0.30	·	·	·	$0.34	·	·	·
Cash / Share	$4.20	·	$3.01	$3.31	$3.06	·	$3.82	$4.10	$3.87	·	$5.95	·	·	·	$4.72	$5.71
EPS (TTM)	$-1.37	·	$-1.50	$-1.75	$-1.70	·	$-0.96	$-0.35	$0.32	·	$1.14	$1.65	$1.87	·	$2.02	$3.43

Valuation (TTM) 14

Quarterly Valuation (TTM) data for COHU
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$456M	·	$426M	$405M	$404M	·	$458M	$532M	$607M	·	$706M	$772M	$801M	·	$847M	$885M
Net Income TTM	$-64M	·	$-70M	$-82M	$-79M	·	$-45M	$-16M	$16M	·	$55M	$80M	$91M	·	$99M	$169M
Market Cap	$1.50B	·	$1.02B	$964M	$749M	·	$1.28B	$1.64B	$1.65B	·	$1.70B	·	·	·	$1.28B	$1.37B
Enterprise Value	$1.31B	·	$842M	$773M	$566M	·	$1.03B	$1.39B	$1.39B	·	$1.35B	·	·	·	$990M	$1.09B
P/E	-21.9	·	-13.7	-11.1	-8.9	·	-27.0	-94.6	104.2	·	30.2	25.2	20.5	·	12.9	8.1
P/S	3.3	·	2.4	2.4	1.9	·	2.8	3.1	2.7	·	2.4	·	·	·	1.5	1.5
P/B	2.0	·	1.2	1.2	0.9	·	1.5	1.8	1.8	·	1.8	·	·	·	1.5	1.5
P / Tangible Book	3.6	·	2.2	2.1	1.7	·	2.5	3.1	3.1	·	2.8	·	·	·	2.4	2.6
P / Cash Flow	145.8	·	·	·	-73.6	·	·	·	-118.0	·	·	·	·	·	·	·
P / FCF	181.5	·	·	·	-35.4	·	·	·	-95.3	·	·	·	·	·	·	·
EV / EBITDA	-1793.8	·	-86.7	-44.8	-39.7	·	-65.1	-85.1	-292.1	·	182.8	·	·	·	29.4	29.6
EV / FCF	158.2	·	·	·	-26.8	·	·	·	-80.2	·	·	·	·	·	·	·
EV / Revenue	2.9	·	2.0	1.9	1.4	·	2.2	2.6	2.3	·	1.9	·	·	·	1.2	1.2
Earnings Yield	-4.6%	·	-7.3%	-9.0%	-11.3%	·	-3.7%	-1.1%	0.96%	·	3.3%	4.0%	4.9%	·	7.8%	12.3%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-27	2024-12-28	2023-12-30	2022-12-31	2021-12-25
Revenue	$453M	$402M	$636M	$813M	$887M
Operating Margin %	-15.4%	-17.8%	6.8%	15.4%	22.7%
Net Income	$-74M	$-70M	$28M	$97M	$167M
Diluted EPS	$-1.59	$-1.49	$0.59	$1.98	$3.45

Balance Sheet

	2025-12-27	2024-12-28	2023-12-30	2022-12-31	2021-12-25
Debt / Equity	0.4	0.0	0.0	0.1	0.1
Current Ratio	6.9	6.3	6.2	4.8	3.9
Quick Ratio	4.4	3.1	3.2	2.4	2.0

Cash Flow

	2025-12-27	2024-12-28	2023-12-30	2022-12-31	2021-12-25
Free Cash Flow	$11M	$-8M	$85M	$98M	$86M

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COHU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

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Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

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COHU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

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