MARKETS / NASDAQ / COHU

NASDAQ · INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS · LARGE CAP

Cohu Inc. COHU

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$453.0M

▲ 12.7% YoY

Net income

$-74.3M

Free cash flow

$10.7M

In brief

What this company does

Cohu, Inc. supplies semiconductor test automation and interface solutions, and provides semiconductor test equipment, inspection and metrology solutions, and software analytics to optimize semiconductor manufacturing yield and productivity. Its active equipment installed base exceeds 25,000 systems, serving over 280 high-volume manufacturing facilities across 108 customers in 31 countries. As of December 27, 2025, Cohu employed approximately 2,857 people across 25 countries, including about 80 temporary employees. It has one reportable segment, Semiconductor Test and Inspection Equipment. Cohu, Inc. was founded in 1947.

Written from the business description in COHU INC's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 453.0M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 453.0 · Net income -74.3

Compound annual growth

Revenue

−17.7%

−6.6%

+5.3%

+2.3%

Returned to shareholders

−44.7%

+11.5%

+3.3%

+2.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −6.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−16 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -15.4% · Net -16.4%

ROE

FY2025 · ROE -9.0%

Gross margin42.7%

Operating margin-15.4%

Net margin-16.4%

Return on assets-6.6%

EBITDAUSD -19.1M

Each USD of equity lost 9 cents this year.

Cash & shareholders

USD 8.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 10.7

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 8.6

Dividends paid—

Net buybacksUSD 8.6M

Share of profit-11.6%

Consecutive raises—

USD 8.6M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.2B

EquityUSD 785.5M

CashUSD 227.1M

Gross debtUSD 296.1M

Net debtUSD 69.0M

Current ratio6.88×

Net debt stands at 9% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.5	0.4	0.6	0.8	0.9	0.6	0.6	0.5	0.4	0.3	0.3	0.3	0.2	0.2	0.3	0.3	0.2
Operating income $B	−0.1	−0.1	0.0	0.1	0.2	0.0	−0.1	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0
EBITDA $B	−0.0	−0.0	0.1	0.2	0.3	0.1	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0
Net income $B	−0.1	−0.1	0.0	0.1	0.2	−0.0	−0.1	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0
Free cash flow $B	0.0	−0.0	0.1	0.1	0.1	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0
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	−1.34	−0.50	0.64	1.02	−1.20
Dividend / sh $	·	·	·	·	·	0.06	0.24	0.24	·	·	·	0.24	0.24	0.24	0.24	0.24	0.24
Payout %	·	·	·	0	0	−36	−14	−22	20	209	2486	70	−13	−60	37	23	−20
ROE %	−9.0	−7.7	3.0	10.7	24.0	−2.8	−13.5	−7.7	12.5	1.3	0.1	3.5	−12.5	−4.3	5.6	9.3	−10.9
Shares out B	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInstruments For Meas & Testing of Electricity & Elec Signals

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 26

Data on record since2009