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 key player in the semiconductor materials and equipment sector, focusing on providing testing and inspection solutions for the semiconductor industry....

Key Metrics to Watch

EPS (Earnings Per Share)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital in the competitive semiconductor industry.

N/A

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 key player in the semiconductor materials and equipment sector, focusing on providing testing and inspection solutions for the semiconductor industry. As technology continues to advance, particularly in areas like AI and cloud computing, Cohu's role in ensuring the reliability and efficiency of semiconductor components becomes increasingly important.

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 expectations of a loss. The stock reacted positively, gaining nearly 6% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Cohu's upcoming earnings, especially after a strong surprise in the last quarter. However, the lack of analyst estimates leaves uncertainty about future performance.

Bull Case

If Cohu can continue its trend of beating EPS expectations, it may signal strong operational efficiency and market demand, driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

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 beating EPS estimates, this figure will be critical in determining market sentiment.

How has revenue growth trended this quarter?

Revenue growth is essential for assessing the company's market position and future prospects, especially in a competitive industry.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cohu's ability to leverage recent technological advancements in semiconductors, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Cohu's recent EPS surprise indicates operational strength that may not be fully reflected in current estimates.

The options market suggests a moderate move, indicating that traders are not overly bearish, which contrasts with the cautious sentiment.

The historical EPS beat rate of 88% suggests that the company has a strong track record of exceeding expectations.

Key Risk

If revenue growth exceeds expectations significantly, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued growth against the backdrop of economic uncertainties and competition.

Bull Confirmed If

An EPS of $0.05 or higher would confirm the bullish case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.00 would confirm the bearish case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.06%

Historical Avg

±3.6%

In line with history

The options market is pricing in a moderate move of about 3.06%, suggesting that traders expect some volatility around the earnings announcement.

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).

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 positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the news.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technology advancements.
2Insights into customer demand trends in the semiconductor market.
3Management's outlook on competition and market share.
4Details on cost management and operational efficiency improvements.
5Any commentary on macroeconomic factors affecting the semiconductor industry.

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Company Snapshot

Cohu, Inc. is a key player in the semiconductor materials and equipment sector, focusing on providing testing and inspection solutions for the semiconductor industry....

Key Metrics to Watch

EPS (Earnings Per Share)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and increase sales, which is vital in the competitive semiconductor industry.

N/A

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 expectations of a loss. The stock reacted positively, gaining nearly 6% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Cohu can continue its trend of beating EPS expectations, it may signal strong operational efficiency and market demand, driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

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 beating EPS estimates, this figure will be critical in determining market sentiment.

How has revenue growth trended this quarter?

Revenue growth is essential for assessing the company's market position and future prospects, especially in a competitive industry.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cohu's ability to leverage recent technological advancements in semiconductors, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Cohu's recent EPS surprise indicates operational strength that may not be fully reflected in current estimates.

The options market suggests a moderate move, indicating that traders are not overly bearish, which contrasts with the cautious sentiment.

The historical EPS beat rate of 88% suggests that the company has a strong track record of exceeding expectations.

Key Risk

If revenue growth exceeds expectations significantly, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued growth against the backdrop of economic uncertainties and competition.

Bull Confirmed If

An EPS of $0.05 or higher would confirm the bullish case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.00 would confirm the bearish case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.06%

Historical Avg

±3.6%

In line with history

The options market is pricing in a moderate move of about 3.06%, suggesting that traders expect some volatility around the earnings announcement.

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%)

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 positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the news.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technology advancements.
2Insights into customer demand trends in the semiconductor market.
3Management's outlook on competition and market share.
4Details on cost management and operational efficiency improvements.
5Any commentary on macroeconomic factors affecting the semiconductor industry.