Cohu Q4 revenue up 30%, slightly beats estimates

Overview

• Semiconductor equipment supplier's Q4 revenue rose 30% yr/yr, slightly beating analyst expectations

• Company reported a GAAP net loss for Q4

• Recurring revenue grew 25% yr/yr, driven by strong demand

Outlook

• Cohu expects Q1 2026 sales between $115 mln and $129 mln

• Company notes strong demand in automotive ADAS and computing AI sectors

Result Drivers

• RECURRING REVENUE GROWTH - Driven by strong demand across services, interface solutions, and handler-related spares business, recurring revenue increased 25% year-over-year

• DESIGN-WIN MOMENTUM - Cohu saw robust design-win momentum in automotive ADAS, power devices, computing AI, and HBM inspection metrology solutions

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for Cohu Inc is $30.00, about 12.2% below its February 11 closing price of $34.16

• The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release: ID:nBw8sGQk5a

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