Filing Flows › Cohu (COHU) › Q2 2026
Cohu (COHU) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Cohu (COHU) reported revenue of $149M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +19% from the quarter before. Operating margin was 0.2%, net loss $159K (0.1% of revenue).
Cohu, Q2 2026: revenue $149M (+38% year over year), operating margin 0.2%, net loss $159K, operating cash flow $10.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +19% | +38% |
| Operating profit | $292K | — | — |
| Net earnings | −$159K | — | — |
| Operating cash flow | $10.4M | +1% | -35% |
| Free cash flow | $8.1M | -2% | -39% |
What changed
Revenue was $149.0M in Q2 2026, up 38% year over year and up 19% from the previous quarter. Non-systems was the largest line at 53% of revenue. Systems added $31.0M year over year (up 78%), 75% of the total change.
Operating profit was $292K, a 0.2% margin (up 16.2 points year over year). Total costs grew 19% against revenue growth of 38%. The fastest-growing cost line was Cost of revenue (+34%). The quarter ended with a net loss of $159K, narrower than the previous quarter's $12.1M loss. Non-operating items added $1.7M, 85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.4M (down 35% year over year). Non-cash charges added back $10.4M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $2.3M left free cash flow of $8.1M.
Questions
What was Cohu's revenue in the second quarter 2026?
Cohu (COHU) reported revenue of $149M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +19% from the quarter before.
Was Cohu profitable in the second quarter 2026?
Operating profit was $292K (0.2% of revenue) and net loss $159K.
Source: Cohu 10-Q on SEC EDGAR.