Filing Flows › Cohu (COHU) › Q3 2026 › vs Q2 2026
Cohu (COHU) Q3 2026 vs Q2 2026 (quarter over quarter)
Cohu's revenue rose $24.0M (+16%) from $149M in Q2 2026 to $173M in Q3 2026. The biggest changes: Systems +$20.0M (+28%); Non-systems +$3.9M (+5%). Operating margin 7.4% against 0.2% (+7.2 pts).
Cohu, Q3 2026: revenue $173M (+37% year over year), operating margin 7.4%, net earnings $12.1M, operating cash flow $5.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.4% | 0.2% | +7.2 pts |
| Net margin | 7.0% | -0.1% | +7.1 pts |
| Free cash flow margin | 1.7% | 5.5% | -3.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Systems | $90.7M | $70.7M | $20.0M | +28% |
| Non-systems | $82.3M | $78.3M | $3.9M | +5% |
| Revenue | $173M | $149M | $24.0M | +16% |
| Other income, net | $1.5M | $1.7M | −$175K | -10% |
| Operating profit | $12.8M | $292K | $12.5M | 44× |
| Costs & expenses | $160M | $149M | $11.4M | +8% |
| Pre-tax earnings | $14.3M | $2.0M | $12.3M | +620% |
| Cost of revenue | $94.2M | $81.4M | $12.8M | +16% |
| Research & development | $25.6M | $24.9M | $615K | +2% |
| SG&A | $32.7M | $34.4M | −$1.7M | -5% |
| Other operating costs | $7.6M | $7.9M | −$298K | -4% |
| Net earnings | $12.1M | −$159K | $12.3M | — |
| Income tax | $2.2M | $2.1M | $46K | +2% |
| Operating cash sources | $27.0M | $16.9M | $10.2M | +60% |
| Depreciation & amortization | $10.3M | $10.4M | −$138K | -1% |
| Share-based compensation | $4.6M | $6.6M | −$2.0M | -30% |
| Working capital & other | $21.4M | $6.4M | $15.0M | +234% |
| Operating cash flow | $5.6M | $10.4M | −$4.8M | -46% |
| Free cash flow (OCF − capex) | $3.0M | $8.1M | −$5.2M | -64% |
| Capital expenditures | $2.6M | $2.3M | $331K | +14% |
Questions
How much did Cohu's revenue grow quarter over quarter in Q3 2026?
Cohu's revenue rose $24.0M (+16%) from $149M in Q2 2026 to $173M in Q3 2026.
What drove Cohu's revenue change in Q3 2026?
Systems +$20.0M (+28%); Non-systems +$3.9M (+5%).