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

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth is essential for understanding the company's market demand and operational performance.

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 industries including consumer electronics, automotive, and telecommunications.

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, significantly beating the estimate of -$0.08. The stock reacted positively, gaining 5.90% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing product offerings in semiconductor testing.
Plans to expand market presence in emerging technologies.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Cohu's Q2 earnings report, especially after a strong surprise last quarter. However, there are concerns about ongoing market volatility and supply chain challenges.

Bull Case

If Cohu continues to exceed EPS expectations and shows strong revenue growth, it could signal a robust recovery in demand for semiconductor equipment.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, reflecting broader market concerns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given the company's recent performance, the EPS figure will be crucial in determining investor sentiment and future stock performance.

What guidance will management provide regarding revenue growth and market demand?

Management's outlook on revenue growth will be key to understanding the company's trajectory and how it plans to navigate current market challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Cohu to capitalize on increasing demand for semiconductor testing equipment, driven by advancements in AI and automotive technologies.

Supporting Evidence

Cohu's recent EPS beat indicates stronger-than-expected operational efficiency.

The options market is pricing a modest move, suggesting a lack of confidence in a significant downturn.

Management's focus on expanding product offerings could lead to unexpected revenue growth.

Key Risk

If management provides strong guidance on revenue growth, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Cohu can sustain its recent performance and navigate market uncertainties.

Bull Confirmed If

An EPS of $0.10 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.00 would indicate ongoing challenges and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±3.1%

Historical Avg

±3.6%

In line with history

The options market is pricing in a move of about 3.1% following the earnings report, indicating some uncertainty among investors.

Options pricing is consistent with the historical average move of the stock.

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 the stock could rise by around 0.68%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience little movement as investors weigh future prospects.

Miss

If Cohu misses expectations, history suggests a potential decline of about 3.98%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in semiconductor testing.
2Insights into demand trends in the automotive and AI sectors.
3Management's commentary on supply chain improvements.
4Details on customer acquisition and retention strategies.
5Any changes to capital expenditure plans for the upcoming quarters.

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

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth is essential for understanding the company's market demand and operational performance.

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, significantly beating the estimate of -$0.08. The stock reacted positively, gaining 5.90% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing product offerings in semiconductor testing.
Plans to expand market presence in emerging technologies.

Expectations

Wall Street Expectations

Bull Case

If Cohu continues to exceed EPS expectations and shows strong revenue growth, it could signal a robust recovery in demand for semiconductor equipment.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, reflecting broader market concerns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given the company's recent performance, the EPS figure will be crucial in determining investor sentiment and future stock performance.

What guidance will management provide regarding revenue growth and market demand?

Management's outlook on revenue growth will be key to understanding the company's trajectory and how it plans to navigate current market challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Cohu to capitalize on increasing demand for semiconductor testing equipment, driven by advancements in AI and automotive technologies.

Supporting Evidence

Cohu's recent EPS beat indicates stronger-than-expected operational efficiency.

The options market is pricing a modest move, suggesting a lack of confidence in a significant downturn.

Management's focus on expanding product offerings could lead to unexpected revenue growth.

Key Risk

If management provides strong guidance on revenue growth, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Cohu can sustain its recent performance and navigate market uncertainties.

Bull Confirmed If

An EPS of $0.10 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.00 would indicate ongoing challenges and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±3.1%

Historical Avg

±3.6%

In line with history

The options market is pricing in a move of about 3.1% following the earnings report, indicating some uncertainty among investors.

Options pricing is consistent with the historical average move of the stock.

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 the stock could rise by around 0.68%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience little movement as investors weigh future prospects.

Miss

If Cohu misses expectations, history suggests a potential decline of about 3.98%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in semiconductor testing.
2Insights into demand trends in the automotive and AI sectors.
3Management's commentary on supply chain improvements.
4Details on customer acquisition and retention strategies.
5Any changes to capital expenditure plans for the upcoming quarters.