Cohu (COHU) Q2 2025 Earnings
Reported Jul 31, 2025 at 4:05 PM ET · SEC Source
Q2 25 EPS
$0.02
BEAT +219.76%
Est. $-0.02
Q2 25 Revenue
$107.7M
BEAT +1.59%
Est. $106.0M
vs S&P Since Q2 25
+237.5%
BEATING MARKET
COHU +256.6% vs S&P +19.2%
Market Reaction
Did COHU Beat Earnings? Q2 2025 Results
Cohu delivered a cleaner-than-expected second quarter, swinging to a non-GAAP profit of $0.02 per diluted share against a consensus estimate of negative $0.02, a beat of roughly 219.76%, while revenue of $107.68 million edged past the $106.00 million… Read more Cohu delivered a cleaner-than-expected second quarter, swinging to a non-GAAP profit of $0.02 per diluted share against a consensus estimate of negative $0.02, a beat of roughly 219.76%, while revenue of $107.68 million edged past the $106.00 million consensus by 1.59% and grew 2.9% year over year. The single most material driver behind the turn to profitability was a sharp sequential improvement in operating leverage, as restructuring charges fell to $1.21 million from $6.63 million in Q1, helping narrow the GAAP operating loss to $17.24 million and push adjusted EBITDA into positive territory at $3.85 million. A $28 million design-win order from a customer serving mobile and automotive end-markets, combined with test cell utilization rising 3 percentage points sequentially to 75%, signaled broadening demand, a trend the company expects to accelerate as it guides Q3 revenue to $125 million, plus or minus $7 million, implying a meaningful sequential step-up from Q2 levels.
Key Takeaways
- • Test cell utilization increased 3 points quarter-over-quarter to 75%
- • Approximately 63% of Q2 revenue was recurring
- • Improvement in GAAP and non-GAAP profitability sequentially from Q1 2025
- • Lower restructuring charges compared to Q1 2025
COHU YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Second quarter 2025 results were in line with guidance, test cell utilization is up a few points across all Cohu segments, and we secured a $28 million design-win order from a customer serving mobile and automotive end-markets”
— Luis Müller, Q2 2025 Earnings Press Release
COHU Earnings Trends
COHU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
COHU EPS Trend
Earnings per share: estimate vs actual
COHU Revenue Trend
Quarterly revenue: estimate vs actual
COHU Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.03 | $0.01 | -68.15% | $125.1M | +2.44% |
| Q4 25 MISS FY | $0.06 | $-0.15 | -341.94% | $122.2M | +0.11% |
| FY Full Year | — | $-0.22 | — | $453.0M | — |
| Q3 25 BEAT | $-0.20 | $-0.06 | +69.70% | $126.2M | +1.01% |
| Q2 25 BEAT | $-0.02 | $0.02 | +219.76% | $107.7M | +1.59% |