Equity Profile

COHU

Cohu, Inc.

Information TechnologySemiconductor Materials & Equipment$2.3B

Apr30Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:00 PM EDT

Cohu, Inc. Beats on EPS, Stock Up 5.9%

Metric	Actual	Expected	Surprise
EPS	$0.01	$0.03	+112.99%
Revenue	N/A	$122M	N/A

management commentary, guidance changes, and full analysis available with Pro.

Cohu, Inc. Beats on EPS, Stock Up 5.9%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.01	$0.03	+112.99%
Revenue	N/A	$122M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based solely on numerical results.

What It Means

Cohu, Inc. reported an EPS that beat expectations significantly, leading to a 5.9% increase in stock price. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS surprise positively, but the lack of revenue data and guidance could lead to cautious sentiment going forward.

Company Snapshot

Cohu, Inc. is a key player in the semiconductor materials and equipment sector, providing essential tools for the production and testing of semiconductor devices....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$0.03

Revenue

Revenue figures will provide insight into the company's sales performance and market demand.

$122M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Cohu, Inc. is a key player in the semiconductor materials and equipment sector, providing essential tools for the production and testing of semiconductor devices. As technology continues to advance, especially in areas like AI and consumer electronics, Cohu's role in supporting these industries is increasingly significant.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+38.09%

Avg Stock Reaction

+0.09%

Last Quarter Recap

In Q4 2025, Cohu reported an EPS of -$0.15, which was significantly below expectations, leading to a negative market reaction. The company has struggled with consistent profitability, raising concerns among investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cohu to report a modest profit this quarter, with an EPS of $0.03 and stable revenue. The market is watching closely for any signs of recovery after a disappointing previous quarter.

Bull Case

If Cohu can exceed EPS expectations and show signs of revenue growth, it could signal a turnaround in its financial performance, boosting investor confidence.

Bear Case

Conversely, if Cohu fails to meet expectations again, it could further erode investor trust and lead to a significant drop in stock price.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$122M

Revenue figures will provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cohu achieve an EPS of at least $0.03 as expected?

This figure is crucial for restoring investor confidence after a series of disappointing earnings.

What are the revenue figures, and how do they compare to the $122M consensus?

Revenue performance will indicate market demand and the company's ability to recover from past struggles.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Cohu's ability to rebound, as the semiconductor market is showing signs of recovery that could benefit the company.

Supporting Evidence

Cohu has a history of surprising analysts positively, with an 88% beat rate over the last eight quarters.

The options market is pricing in a larger move than the historical average, suggesting that traders expect significant news.

Recent insider selling could indicate a lack of confidence, but it may also reflect personal financial decisions unrelated to company performance.

Key Risk

If Cohu's revenue comes in above $122M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cohu can turn around its recent performance and meet or exceed expectations this quarter.

Bull Confirmed If

An EPS of $0.04 or better, along with revenue exceeding $122M, would confirm a positive outlook.

Bear Confirmed If

An EPS below $0.03 and revenue significantly under $122M would confirm ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±13.6%

Historical Avg

±3.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±12.2% while COHU has averaged ±3.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

51.0%

Calls (81K)P/C Ratio: 0.07Puts (3K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$38,000.00

1,000 sh

1 insider

Net

$38,000.00

Net selling

Most Active Insiders· 1 open-market trade

Sr VP & Chief Customer OfficerBOHRSON CHRISTOPHER
$38,000.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cohu beats expectations, history suggests a positive market reaction, potentially leading to a 0.19% increase in stock price.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data suggesting an average drop of 3.98% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product lines or technology advancements.
2Management's outlook on semiconductor demand in the upcoming quarters.
3Details on cost management strategies to improve profitability.
4Any commentary on customer orders or backlog levels.
5Insights into competitive positioning within the semiconductor equipment market.

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Company Snapshot

Cohu, Inc. is a key player in the semiconductor materials and equipment sector, providing essential tools for the production and testing of semiconductor devices....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$0.03

Revenue

Revenue figures will provide insight into the company's sales performance and market demand.

$122M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+38.09%

Avg Stock Reaction

+0.09%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cohu to report a modest profit this quarter, with an EPS of $0.03 and stable revenue. The market is watching closely for any signs of recovery after a disappointing previous quarter.

Bull Case

If Cohu can exceed EPS expectations and show signs of revenue growth, it could signal a turnaround in its financial performance, boosting investor confidence.

Bear Case

Conversely, if Cohu fails to meet expectations again, it could further erode investor trust and lead to a significant drop in stock price.

Key Metrics to Watch

EPS

$0.03

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$122M

Revenue figures will provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cohu achieve an EPS of at least $0.03 as expected?

This figure is crucial for restoring investor confidence after a series of disappointing earnings.

What are the revenue figures, and how do they compare to the $122M consensus?

Revenue performance will indicate market demand and the company's ability to recover from past struggles.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Cohu's ability to rebound, as the semiconductor market is showing signs of recovery that could benefit the company.

Supporting Evidence

Cohu has a history of surprising analysts positively, with an 88% beat rate over the last eight quarters.

The options market is pricing in a larger move than the historical average, suggesting that traders expect significant news.

Recent insider selling could indicate a lack of confidence, but it may also reflect personal financial decisions unrelated to company performance.

Key Risk

If Cohu's revenue comes in above $122M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cohu can turn around its recent performance and meet or exceed expectations this quarter.

Bull Confirmed If

An EPS of $0.04 or better, along with revenue exceeding $122M, would confirm a positive outlook.

Bear Confirmed If

An EPS below $0.03 and revenue significantly under $122M would confirm ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±13.6%

Historical Avg

±3.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±12.2% while COHU has averaged ±3.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

51.0%

Calls (81K)P/C Ratio: 0.07Puts (3K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$38,000.00

1,000 sh

1 insider

Net

$38,000.00

Net selling

Most Active Insiders· 1 open-market trade

Sr VP & Chief Customer OfficerBOHRSON CHRISTOPHER
$38,000.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cohu beats expectations, history suggests a positive market reaction, potentially leading to a 0.19% increase in stock price.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data suggesting an average drop of 3.98% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product lines or technology advancements.
2Management's outlook on semiconductor demand in the upcoming quarters.
3Details on cost management strategies to improve profitability.
4Any commentary on customer orders or backlog levels.
5Insights into competitive positioning within the semiconductor equipment market.