Filing Flows › Cohu (COHU) › Q1 2026
Cohu (COHU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Cohu (COHU) reported revenue of $125M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +2% from the quarter before. Operating margin was -8.9%, net loss $12.1M (9.6% of revenue).
Cohu, Q1 2026: revenue $125M (+29% year over year), operating margin -8.9%, net loss $12.1M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +2% | +29% |
| Operating profit | −$11.2M | — | — |
| Net earnings | −$12.1M | — | — |
| Operating cash flow | $10.3M | -74% | — |
| Free cash flow | $8.3M | -77% | — |
What changed
Revenue was $125.1M in Q1 2026, up 29% year over year and up 2% from the previous quarter. Non-systems was the largest line at 60% of revenue. Non-systems added $14.5M year over year (up 24%), 51% of the total change.
Operating costs exceeded revenue by $11.2M, an operating margin of -8.9%. Total costs grew 10% against revenue growth of 29%. The fastest-growing cost line was Cost of revenue (+23%). The quarter ended with a net loss of $12.1M, narrower than the previous quarter's $22.5M loss. Non-operating items added $2.1M, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.3M. Non-cash charges added back $10.4M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items added $5.7M. Capital expenditures of $2.0M left free cash flow of $8.3M.
Questions
What was Cohu's revenue in the first quarter 2026?
Cohu (COHU) reported revenue of $125M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +2% from the quarter before.
Was Cohu profitable in the first quarter 2026?
Operating loss was $11.2M (-8.9% of revenue) and net loss $12.1M.
Source: Cohu 10-Q on SEC EDGAR.