Cohu, Inc. (COHU) Stock Analysis
Technology · Semiconductor Equipment & Materials · NasdaqGS
Cohu, Inc. (COHU) posted $452.96M in revenue for fiscal 2025 (up 12.7% year over year), with a net loss of $74.27M, and has compounded revenue about -6.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Cohu, Inc.
Cohu, Inc. has grown revenue from $282.08M to $452.96M over the last 10 fiscal years, compounding about -6.6% a year. The most recent year was up 12.7%, so growth is actually accelerating.
Net margin sits at -16.4%, up 1 points year over year. It carries about $305.09M of total debt.
At today's valuation the market is pricing in roughly 42.5% annual free-cash-flow growth — versus the -19.2% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Cohu, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Cohu, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $282.08M | $352.70M | $451.77M | $583.33M | $636.01M | $887.21M | $812.77M | $636.32M | $401.78M | $452.96M |
| Gross profit | $94.83M | $140.72M | $159.31M | $229.83M | $271.78M | — | — | — | — | — |
| Net income | $3.04M | $32.84M | $-32.18M | $-69.70M | $-13.80M | $167.32M | $96.85M | $28.16M | $-69.82M | $-74.27M |
| Net margin | 1.1% | 9.3% | -7.1% | -11.9% | -2.2% | 18.9% | 11.9% | 4.4% | -17.4% | -16.4% |
Source: Cohu, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Cohu, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $327.2M is 10.3× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -16.4%).
What growth is priced into COHU stock?
At today's market cap of $2.52B, Cohu, Inc. is priced for free-cash-flow growth of about 42.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $10.73M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -19.2%/yr over the last five fiscal years and revenue -6.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Cohu, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Cohu, Inc. financial history by metric
Compare Cohu, Inc. with peers
About Cohu, Inc.
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.
Cohu, Inc. — frequently asked questions
What is Cohu, Inc.'s revenue?
Cohu, Inc. (COHU) reported revenue of $452.96M for fiscal year 2025, up 12.7% from the prior year, according to its SEC filings.
Is Cohu, Inc. profitable?
No — COHU reported a net loss of $-74.27M in fiscal 2025.
What is COHU's P/E ratio?
Cohu, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Cohu, Inc. growing?
COHU's revenue grew at roughly -6.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Cohu, Inc. have?
As of fiscal year 2025, COHU carried roughly $305.09M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Cohu, Inc.'s market cap?
Cohu, Inc. (COHU) has a market capitalization of about $2.52B, based on the latest data in our nightly-refreshed cache.
When does Cohu, Inc.'s fiscal year end?
COHU's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into COHU stock?
At today's market cap of $2.52B, Cohu, Inc. is priced for free-cash-flow growth of about 42.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $10.73M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -19.2%/yr over the last five fiscal years and revenue -6.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Cohu, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.