Filing Flows › Cohu (COHU) › Q3 2025
Cohu (COHU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Cohu (COHU) reported revenue of $126M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +17% from the quarter before. Operating margin was -7.7%, net loss $4.1M (3.2% of revenue).
Cohu, Q3 2025: revenue $126M (+32% year over year), operating margin -7.7%, net loss $4.1M, operating cash flow −$14.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +17% | +32% |
| Operating profit | −$9.7M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$14.0M | -187% | — |
What changed
Revenue was $126.2M in Q3 2025, up 32% year over year and up 17% from the previous quarter. Non-systems was the largest line at 55% of revenue. Systems added $25.1M year over year (up 81%), 81% of the total change.
Operating costs exceeded revenue by $9.7M, an operating margin of -7.7%. Total costs grew 22% against revenue growth of 32%. The fastest-growing cost line was Cost of revenue (+40%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $16.9M loss. Non-operating items added $1.9M, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$14.0M. Non-cash charges added back $13.6M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $29.2M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$18.0M.
Questions
What was Cohu's revenue in the third quarter 2025?
Cohu (COHU) reported revenue of $126M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +17% from the quarter before.
Was Cohu profitable in the third quarter 2025?
Operating loss was $9.7M (-7.7% of revenue) and net loss $4.1M.
Source: Cohu 10-Q on SEC EDGAR.