COHU, Inc. (COHU) is a leading global player in the test handling, burn-in, thermal subsystems, and MEMS test solutions industry. The company is headquartered in Poway, California, and was established in 1947. COHU is known for its focus on back-end semiconductor equipment and services and has an active presence in several global locations including Europe, Asia, and America.
COHU's commitment to innovative technology, dedicated customer service, and exemplary business principles have helped it forge a leading position in the semiconductor industry. The company's proficient team excels in providing superior semiconductor testing and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors, and thermal subsystems.
COHU's mission is tethered to providing high-performance solutions for extremely demanding semiconductor test applications. The company has an extensive product catalog that includes pick-and-place handlers, thermal subsystems, turret handlers, and MEMS that meet the advanced test handling requirements of its broad client base.
The expert team at COHU continually strives to create products and solutions enhancing productivity and reducing the cost of test for customers engaged in building and manufacturing semiconductors for a vast array of end-market applications. This includes mobile communications, IoT, automotive, industrial, and consumer applications.
Despite keeping an eye on the future, COHU operates on a platform of sustainability. It is devoted to ensuring a minimal carbon footprint by implementing energy- and waste-efficient systems. The company also places a high emphasis on corporate social responsibility and is committed to the upliftment of the communities in which it operates.
COHU is publicly traded on the NASDAQ under the ticker COHU. With over 70 years in the business, multi-sector exposure, a robust global presence, and a commitment to sustainability and corporate social responsibility, COHU has cemented its place as a leader in the back-end semiconductor equipment and services industry. The company stands poised for future growth as the global digitalization trend and increasing automation across industries continue to expand the demand for semiconductor devices.
To summarize, COHU, Inc. (COHU) is a globally recognized force within the semiconductor industry that takes pride in creating high-quality, innovative solutions while ensuring sustainability and giving back to the community. The company's continuous expansion and adaptation to the changing requirements of the industry are factors that place it in good stead for future growth and development.
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Cohu's stock has nearly doubled in the past year, trading at US$45.99, but a Discounted Cash Flow (DCF) model suggests it is still undervalued based on its strong projected free cash flow growth. The company's recent selection for next-generation high-performance computing devices on its Eclipse platform is a key driver for this optimistic cash flow outlook. An analyst consensus narrative on Simply Wall St indicates Cohu is 38% undervalued, capitalizing on the high-performance computing surge.
Cohu's shares increased by 8.1% on Wednesday, closing at $47.09, as the semiconductor equipment maker benefited from a broad sector-wide rally. Multiple peers in the sector also saw strong gains, suggesting a repricing of the group rather than company-specific news, though no particular catalyst was identified. Despite the rally, analyst sentiment for Cohu remains mixed.
Cohu, Inc. (COHU) has outlined midterm targets of $1.3 billion in revenue and $5 non-GAAP EPS, driven by four growth platforms. These platforms are expected to expand the addressable market to approximately $5.4 billion, including a $1 billion High-Performance Computing (HPC) pipeline and recurring revenue opportunities from contactors and software. The company also aims for a 50% gross margin.
This article details the pre-market movements of 12 information technology stocks on Thursday. It highlights several gainers, including PicoCELA, Cohu, Impinj, Infobird Co, Climb Global Solutions, and Gen Digital, many of which saw increases following recent Q3 or Q2 earnings reports. Conversely, Xerox Holdings, Fortinet, ServiceNow, Marvell Technology, Alkami Technology, and BIO-key International are listed as losers, with some experiencing declines after their latest earnings announcements.
Cohu Inc. reported a 37% year-over-year revenue increase to $173 million for Q3 2026, driven by accelerated high-performance computing adoption and strong recurring revenue growth. The company raised its fiscal year 2026 high-performance computing revenue outlook to approximately $120 million and plans to triple Eclipse system production in 2027, anticipating 30% to 40% revenue growth for 2027. Management highlighted strong progress in high-performance computing, inspection systems, and interface solutions, with a focus on converting its expanded opportunity pipeline into production revenue.
Cohu Inc. (COHU) reported third-quarter earnings of $12.1 million, or 22 cents per share, which adjusted to 43 cents per share. This performance surpassed Wall Street's expectations of 35 cents per share. The semiconductor test equipment maker also recorded revenues of $173 million for the quarter.