Equity Profile

COHU

Cohu, Inc.

Information TechnologySemiconductor Materials & Equipment$2.6B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Cohu, Inc. is a technology company that specializes in semiconductor materials and equipment....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and will help gauge how well Cohu is managing costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Cohu's products and overall market conditions in the semiconductor industry.

N/A

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

COHU Q2-2026 Earnings Preview

Context

Company Snapshot

Cohu, Inc. is a technology company that specializes in semiconductor materials and equipment. With a market cap of $3 billion, it plays a crucial role in the semiconductor supply chain, which is vital for various sectors including AI and consumer electronics.

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 Q1-2026, Cohu reported an EPS of $0.01, surprising analysts who expected a loss of $0.08. The stock reacted positively, gaining 5.90% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Cohu's earnings report, given the company's recent EPS surprise. However, uncertainty remains due to the lack of revenue guidance.

Bull Case

If Cohu can continue its trend of beating EPS estimates, it may signal strong operational efficiency and demand for its products, potentially leading to a significant stock price increase.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of EPS surprises, this number will be crucial in determining market sentiment and stock movement.

What is the outlook for revenue growth in the semiconductor market?

Understanding the revenue growth will help assess Cohu's position in a competitive market and its ability to capitalize on demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cohu's ability to leverage recent technological advancements in semiconductor manufacturing, which could lead to better-than-expected results.

Supporting Evidence

Cohu's recent EPS surprise of +112.99% indicates strong operational performance.

The options market is pricing in a relatively low move of 3.06%, suggesting limited expectations for volatility.

Historical data shows a high EPS beat rate of 88%, indicating potential for continued positive surprises.

Key Risk

If the EPS comes in above $0.05, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on profitability and growth potential in a challenging semiconductor environment.

Bull Confirmed If

An EPS of $0.05 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.00 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±3.06%

Historical Avg

±3.6%

In line with history

The options market is pricing in a modest move of about 3.06% in either direction following the earnings report.

Options are pricing ±3.1% while COHU has averaged ±3.6% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.8%

30d HV

63.6%

Calls (60K)P/C Ratio: 0.15Puts (6K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

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 potential stock increase of around 0.68%, confirming a positive operational trend.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 3.98%, reflecting disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the semiconductor market.
2Insights into cost management and production efficiency.
3Comments on competitive positioning against peers.
4Future guidance on revenue expectations for the next quarter.
5Details on any new product developments or technological advancements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Cohu, Inc. is a technology company that specializes in semiconductor materials and equipment....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and will help gauge how well Cohu is managing costs and generating income.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Cohu's products and overall market conditions in the semiconductor industry.

N/A

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

COHU Q2-2026 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

In Q1-2026, Cohu reported an EPS of $0.01, surprising analysts who expected a loss of $0.08. The stock reacted positively, gaining 5.90% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Cohu's earnings report, given the company's recent EPS surprise. However, uncertainty remains due to the lack of revenue guidance.

Bull Case

If Cohu can continue its trend of beating EPS estimates, it may signal strong operational efficiency and demand for its products, potentially leading to a significant stock price increase.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of EPS surprises, this number will be crucial in determining market sentiment and stock movement.

What is the outlook for revenue growth in the semiconductor market?

Understanding the revenue growth will help assess Cohu's position in a competitive market and its ability to capitalize on demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cohu's ability to leverage recent technological advancements in semiconductor manufacturing, which could lead to better-than-expected results.

Supporting Evidence

Cohu's recent EPS surprise of +112.99% indicates strong operational performance.

The options market is pricing in a relatively low move of 3.06%, suggesting limited expectations for volatility.

Historical data shows a high EPS beat rate of 88%, indicating potential for continued positive surprises.

Key Risk

If the EPS comes in above $0.05, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on profitability and growth potential in a challenging semiconductor environment.

Bull Confirmed If

An EPS of $0.05 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $0.00 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±3.06%

Historical Avg

±3.6%

In line with history

The options market is pricing in a modest move of about 3.06% in either direction following the earnings report.

Options are pricing ±3.1% while COHU has averaged ±3.6% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.8%

30d HV

63.6%

Calls (60K)P/C Ratio: 0.15Puts (6K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

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 potential stock increase of around 0.68%, confirming a positive operational trend.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 3.98%, reflecting disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the semiconductor market.
2Insights into cost management and production efficiency.
3Comments on competitive positioning against peers.
4Future guidance on revenue expectations for the next quarter.
5Details on any new product developments or technological advancements.