Q4 2025 delivered 30% year-over-year revenue growth, driven by strong recurring and systems demand, with improved utilization rates and key design wins in AI, automotive, and HBM markets. The company offers data analytics product DI-Core for optimizing equipment performance and provides artificial intelligence process control and analytics-based monitoring software, positioning it as an infrastructure provider for semiconductor manufacturers navigating advanced chip complexity.
Cyborg Score Rationale
Cohu demonstrates strong top-line momentum with 30% YoY revenue growth and positive design wins in high-growth markets (AI, automotive, HBM). However, the company faces profitability headwinds with negative EPS and net margins, recent losses, and expectations for continued losses in 2026. Recent analyst upgrades signal conviction in recovery potential.
Top Insights
Q4 2025 delivered 30% year-over-year revenue growth with key design wins in AI, automotive, and HBM markets
Gross margin was impacted by one-time charges but is expected to recover in Q1 2026
Negative net margin of 16.40% and negative return on equity of 3.76% indicate near-term profitability challenges
TD Cowen lifted their target price on shares of Cohu from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, February 13th
Named Competitors
Automated Test Equipment (ATE) — Leading semiconductor test equipment provider
Test and Measurement Solutions — Electronic measurement and network testing equipment
Industrial Automation Equipment — Robotics and factory automation systems
Recent Developments
(February 2026) Q4 2025 earnings reported with 30% YoY revenue growth despite EPS miss; gross margin impacted by one-time charges expected to recover
(January 2026) Needham upgraded Cohu from Hold to Buy rating
(January 2025) Completed acquisition of Tignis to expand product capabilities
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