Filing Flows › Cohu (COHU) › Q1 2025
Cohu (COHU) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Cohu (COHU) reported revenue of $96.8M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +3% from the quarter before. Operating margin was -28.2%, net loss $30.8M (31.8% of revenue).
Cohu, Q1 2025: revenue $96.8M (-10% year over year), operating margin -28.2%, net loss $30.8M, operating cash flow −$10.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.8M | +3% | -10% |
| Operating profit | −$27.3M | — | — |
| Net earnings | −$30.8M | — | — |
| Operating cash flow | −$10.2M | — | — |
What changed
Revenue was $96.8M in Q1 2025, down 10% year over year and up 3% from the previous quarter. Non-systems was the largest line at 63% of revenue. Non-systems lost $9.1M year over year (down 13%), 85% of the total change.
Operating costs exceeded revenue by $27.3M, an operating margin of -28.2%. Total costs fell 1% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+68%). The quarter ended with a net loss of $30.8M, wider than the previous quarter's $21.4M loss.
Operating cash flow was −$10.2M. Non-cash charges added back $13.1M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $11.0M exceeded it, leaving free cash flow of −$21.1M.
Questions
What was Cohu's revenue in the first quarter 2025?
Cohu (COHU) reported revenue of $96.8M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +3% from the quarter before.
Was Cohu profitable in the first quarter 2025?
Operating loss was $27.3M (-28.2% of revenue) and net loss $30.8M.
Source: Cohu 10-Q on SEC EDGAR.