Earnings summaries and quarterly performance for COHU.
Executive leadership at COHU.
Board of directors at COHU.
Research analysts who have asked questions during COHU earnings calls.
Craig Ellis
B. Riley Securities
4 questions for COHU
Also covers: ACLS, AKTS, AMKR +16 more
DD
David Duley
Steelhead Securities LLC
3 questions for COHU
Also covers: ACLS, FORM, KLIC +3 more
RM
Robert Mertens
TD Cowen
3 questions for COHU
Also covers: AEIS, FORM, QRVO +4 more
BC
Brian Chin
Stifel Financial Corp.
2 questions for COHU
Also covers: AEIS, AMAT, CAMT +8 more
DP
Denis Pyatchanin
Stifel Financial Corp.
2 questions for COHU
Also covers: AMKR, CAMT, FORM +1 more
RC
Ross Cole
Needham & Company, LLC
2 questions for COHU
Also covers: ACLS, AMKR, AXTI +3 more
Charles Shi
Needham & Company
1 question for COHU
Also covers: ACLS, ACMR, ALTR +18 more
CS
Christian Schwab
Craig-Hallum Capital Group
1 question for COHU
Also covers: ACLS, ADTN, AEHR +17 more
Tyler Burmeister
Craig-Hallum Capital Group
1 question for COHU
Also covers: AEHR, LTRX, VUZI
YS
Yu Shi
Susquehanna International Group, LLP
1 question for COHU
Also covers: ACLS, ACMR, AMAT +11 more
Recent press releases and 8-K filings for COHU.
Cohu Announces Q3 2025 Financial Results and Strategic Initiatives
COHU
Earnings
Guidance Update
Debt Issuance
- Cohu reported Q3 2025 revenue of $126.2 million and a non-GAAP gross margin of 44.1%, with recurring revenue accounting for 55% of total revenue.
- The company provided Q4 2025 revenue guidance of approximately $122 million (plus or minus $7 million) and projected a gross margin of approximately 45%, with recurring revenue expected to be about 60% of total revenue.
- In early Q4, Cohu completed an upsized convertible notes offering, raising gross proceeds of $287.5 million at a 1.5% interest rate and 32.5% conversion premium, aimed at strengthening the balance sheet and supporting strategic initiatives, including mergers and acquisitions.
- Cohu is experiencing significant growth in AI-related applications, with repeat orders for NEON HBM inspection tools (2025 revenue forecast of $10 million to $11 million) and the Eclipse handler selected for next-generation AI processor testing, estimating approximately $40 million in AI-related system revenue for 2025.
Oct 29, 2025, 8:30 PM
COHU Reports Q3 2025 Results and Provides Q4 2025 Guidance
COHU
Earnings
Guidance Update
Debt Issuance
- COHU reported Q3 2025 revenue of $126.2 million, exceeding guidance, with a Non-GAAP Gross Margin of 44.1% and Adjusted EBITDA of 9.2%. Non-GAAP EPS for the quarter was ($0.06).
- Revenue in Q3 2025 was split 55% recurring and 45% systems, with recurring revenue growing for the third consecutive quarter and systems revenue improving for the fourth straight quarter.
- Cash and Investments declined to $198 million in Q3 2025 from $209 million in Q2 2025, primarily due to $14 million cash used in operations to support a 17% sequential increase in revenue and fund growing Accounts Receivable.
- For Q4 2025, COHU forecasts revenue of $122 million +/- $7 million, with a gross margin of approximately 45% and Adjusted EBITDA of approximately 7%. The company also completed an upsized convertible notes offering in Q4 with a base deal size of $260 million and a 1.5% interest rate.
Oct 29, 2025, 8:30 PM
Cohu Reports Third Quarter 2025 Results and Provides Q4 Outlook
COHU
Earnings
Guidance Update
Demand Weakening
- Cohu, Inc. reported net sales of $126.2 million for the third quarter of 2025, with approximately 55% of sales being recurring revenue.
- For Q3 2025, the company recorded a GAAP net loss of $4.1 million or $0.09 per share, and a non-GAAP loss of $2.8 million or $0.06 per share.
- For the first nine months of 2025, net sales were $330.7 million, with a GAAP loss of $51.8 million or $1.11 per share, and a non-GAAP loss of $2.9 million or $0.06 per share.
- Cohu's total cash and investments stood at $198.2 million at the end of Q3 2025, and the company anticipates fourth quarter 2025 sales to be in the range of $122 million +/- $7 million.
Oct 29, 2025, 8:05 PM
Cohu Reports Third Quarter 2025 Results
COHU
Earnings
Guidance Update
New Projects/Investments
- Cohu reported Q3 2025 net sales of $126.2 million and a GAAP net loss of $0.09 per share, with approximately 55% recurring revenue. For the first nine months of 2025, net sales were $330.7 million and GAAP net loss was $1.11 per share.
- The company achieved a GAAP gross margin of 43.8% in Q3 2025 and ended the quarter with $198.2 million in cash and investments.
- Cohu is accelerating in AI data center markets and anticipates Q4 2025 sales to be in the range of $122 million +/- $7 million. The CEO noted the strategic deployment of proceeds from a recent convertible debt offering to support initiatives and accelerate innovation.
Oct 29, 2025, 8:05 PM
Cohu Closes Upsized Offering of $287.5 Million Convertible Senior Notes
COHU
Debt Issuance
New Projects/Investments
- Cohu, Inc. announced the closing of a private upsized offering of $287,500,000 aggregate principal amount of 1.50% Convertible Senior Notes due 2031 on September 29, 2025.
- The offering included the exercise in full of the option granted to initial purchasers to purchase an additional $27,500,000 aggregate principal amount of notes.
- The notes have an initial conversion price of approximately $27.1758 per share, representing a 32.50% conversion premium over the closing price of $20.51 per share of Cohu's common stock on September 24, 2025.
- Cohu entered into capped call transactions to limit potential shareholder dilution, which increases the effective conversion price up to a 100% premium above the September 24, 2025 closing price, or $41.02 per share.
- The proceeds from the offering are intended to strengthen the balance sheet, fuel long-term growth, and enhance strategic flexibility.
Sep 29, 2025, 8:30 PM
Cohu Announces Offering of Convertible Senior Notes
COHU
Debt Issuance
Convertible Preferred Issuance
- Cohu, Inc. announced a private offering of $200.0 million aggregate principal amount of convertible senior notes due 2031 on September 23, 2025.
- The company also expects to grant initial purchasers an option to purchase up to an additional $30.0 million aggregate principal amount of the notes.
- The net proceeds from this offering will be used to pay the cost of capped call transactions and for general corporate purposes.
- The capped call transactions are intended to reduce potential dilution to Cohu's common stock upon conversion of the notes and/or offset potential cash payments in excess of the principal amount.
Sep 23, 2025, 8:10 PM
Quarterly earnings call transcripts for COHU.
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