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Cohu (COHU) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Cohu (COHU) Q3 2026 earnings results →
Q3 2026 Revenue up 37% year over year to $173M · 7¢ of every $1 of revenue kept as net profit · operating margin 7.4%
Cohu made $173M in Q3 2026 (+37% Y/Y): Systems $90.7M, Non-systems $82.3M. Operating margin 7.4%, net earnings $12.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $173.0M in Q3 2026, up 37% year over year and up 16% from the previous quarter. Systems was the largest line at 52% of revenue. Systems added $34.4M year over year (up 61%), 74% of the total change.
Operating profit was $12.8M, a 7.4% margin (up 15.1 points year over year). Total costs grew 18% against revenue growth of 37%. The fastest-growing cost line was Cost of revenue (+33%). Net earnings were $12.1M. The effective tax rate was 15.3%.
Operating cash flow was $5.6M, 46% of net earnings. Non-cash charges added back $10.3M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $21.4M. Capital expenditures of $2.6M left free cash flow of $3.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $173M | +37% | 7.4% | $12.1M | $5.6M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $149M | +38% | 0.2% | −$159K | $10.4M |
| Q1 2026 | 10-Q | May 1, 2026 | $125M | +29% | -8.9% | −$12.1M | $10.3M |
| Q4 2025 | 10-K | Feb 17, 2026 | $122M | +30% | -12.7% | −$22.5M | $39.8M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $126M | +32% | -7.7% | −$4.1M | −$14.0M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $108M | +3% | -16.0% | −$16.9M | $16.0M |
| Q1 2025 | 10-Q | May 2, 2025 | $96.8M | -10% | -28.2% | −$30.8M | −$10.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Cohu
Cohu, Inc. (“Cohu”, “we”, “our”, “us” and the “Company”) was founded in 1947 and is a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. Our products and services provide enabling capability and technology to customers that deliver connectivity around the globe, autonomous driving to our cities, high-performance computing to enable artificial intelligence (“AI”) applications, advanced medical equipment to improve lives, robotic automation to accelerate productivity, and much more.
In its own words, from its 10-K, filed Feb 17, 2026.
Cohu against its Instruments For Meas & Testing of Electricity & Elec Signals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +37% against the peers' median +34%. Operating margin: 7.4% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| COHU Cohu | Q3 2026 | $173M | +37% | 7.4% |
| VLTO Veralto | Q3 2026 | $1.5B | +8% | 19.7% |
| TER Teradyne | Q3 2026 | $1.3B | +70% | 30.8% |
| ITRI Itron | Q3 2026 | $599M | +3% | 15.9% |
| ALNT Allient | Q3 2026 | $164M | +18% | 13.6% |
| TRNS Transcat | Q2 FY27 | $97.1M | +18% | 5.2% |
| INTT Intest | Q3 2026 | $35.1M | +34% | 7.8% |
| AEHR Aehr Test Systems | Q3 2026 | $33.0M | — | 18.3% |
| FEIM Frequency Electronics | Q1 FY27 | $23.5M | +70% | 22.2% |
Source: Cohu 10-Q on SEC EDGAR · CIK 21535 · Instruments For Meas & Testing of Electricity & Elec Signals
Guidance and outlook
13F: who owns COHU and who is buying
More on COHU
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results