Filing Flows › Cohu (COHU) › Q2 2025
Cohu (COHU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Cohu (COHU) reported revenue of $108M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +11% from the quarter before. Operating margin was -16.0%, net loss $16.9M (15.7% of revenue).
Cohu, Q2 2025: revenue $108M (+3% year over year), operating margin -16.0%, net loss $16.9M, operating cash flow $16.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | +11% | +3% |
| Operating profit | −$17.2M | — | — |
| Net earnings | −$16.9M | — | — |
| Operating cash flow | $16.0M | — | 15× |
| Free cash flow | $13.4M | — | — |
What changed
Revenue was $107.7M in Q2 2025, up 3% year over year and up 11% from the previous quarter. Non-systems was the largest line at 63% of revenue. Systems added $4.4M year over year (up 12%), 147% of the total change. Non-systems declined 2%.
Operating costs exceeded revenue by $17.2M, an operating margin of -16.0%. Total costs grew 3% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $16.9M, narrower than the previous quarter's $30.8M loss.
Operating cash flow was $16.0M (up 1364% year over year). Non-cash charges added back $13.5M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items added $13.8M. Capital expenditures of $2.7M left free cash flow of $13.4M.
Questions
What was Cohu's revenue in the second quarter 2025?
Cohu (COHU) reported revenue of $108M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +11% from the quarter before.
Was Cohu profitable in the second quarter 2025?
Operating loss was $17.2M (-16.0% of revenue) and net loss $16.9M.
Source: Cohu 10-Q on SEC EDGAR.