Filing Flows › Cohu (COHU) › Q2 2026 › vs Q2 2025
Cohu (COHU) Q2 2026 vs Q2 2025 (year over year)
Cohu's revenue rose $41.3M (+38%) from $108M in Q2 2025 to $149M in Q2 2026. The biggest changes: Systems +$31.0M (+78%); Non-systems +$10.3M (+15%).
Cohu, Q2 2026: revenue $149M (+38% year over year), operating margin 0.2%, net loss $159K, operating cash flow $10.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 5.5% | 12.4% | -7.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Non-systems | $78.3M | $68.0M | $10.3M | +15% |
| Systems | $70.7M | $39.6M | $31.0M | +78% |
| Revenue | $149M | $108M | $41.3M | +38% |
| Other income, net | $1.7M | $2.4M | −$708K | -29% |
| Net loss | $159K | $16.9M | −$16.7M | -99% |
| Costs & expenses | $151M | $127M | $23.9M | +19% |
| Operating costs | $149M | $125M | $23.8M | +19% |
| Income tax | $2.1M | $2.0M | $99K | +5% |
| Cost of revenue | $81.4M | $60.6M | $20.8M | +34% |
| Research & development | $24.9M | $23.2M | $1.8M | +8% |
| SG&A | $34.4M | $29.9M | $4.6M | +15% |
| Other operating costs | $7.9M | $11.3M | −$3.4M | -30% |
| Operating cash sources | $17.0M | $19.1M | −$2.1M | -11% |
| Depreciation & amortization | $10.4M | $13.5M | −$3.0M | -23% |
| Share-based compensation | $6.6M | $5.7M | $918K | +16% |
| Net loss absorbed | $159K | $16.9M | −$16.7M | -99% |
| Working capital & other | $6.4M | −$13.8M | $20.2M | — |
| Operating cash flow | $10.4M | $16.0M | −$5.6M | -35% |
| Free cash flow (OCF − capex) | $8.1M | $13.4M | −$5.2M | -39% |
| Capital expenditures | $2.3M | $2.7M | −$357K | -13% |
Questions
How much did Cohu's revenue grow year over year in Q2 2026?
Cohu's revenue rose $41.3M (+38%) from $108M in Q2 2025 to $149M in Q2 2026.
What drove Cohu's revenue change in Q2 2026?
Systems +$31.0M (+78%); Non-systems +$10.3M (+15%).