Cohu Inc. Q2 2025 Earnings Expectations: Revenue $106.02M, Earnings -$0.39 per Share

Cohu Inc (COHU) is set to release Q2 2025 earnings on Jul 31, 2025. The consensus estimate for Q2 2025 revenue is $106.02 million, and earnings are expected to be -$0.39 per share. Full year 2025 revenue is expected to be $436.62 million, and earnings are expected to be -$1.65 per share. Revenue estimates have declined over the past 90 days, while earnings estimates have also declined. The average target price for COHU is $25.25 with a high estimate of $28.00 and a low estimate of $22.00.

Cohu Inc. (COHU) is set to release its Q2 2025 earnings report on July 31, 2025, with analysts expecting revenue of $106.02 million and earnings of -$0.39 per share. The stock has been under pressure as revenue and earnings estimates have declined over the past 90 days, with the average target price hovering around $25.25. However, the company's Q2 results may offer a glimmer of hope for investors.

Cohu reported its Q2 2025 earnings, beating analyst expectations with an EPS of $0.02, compared to a forecasted loss of $0.01. Revenue reached $107.7 million, slightly above the forecast of $106 million. Despite the positive earnings surprise, Cohu’s stock fell by 5.8% to close at $18.98, reflecting investor concerns about future market conditions and company guidance [1].

The company launched new products, including the PD3x instrument and Eclipse handler, which have positioned it well in the display driver IC testing market. Revenue guidance for Q3 2025 is set at $125 million, with a potential pullback expected in Q4. Cohu demonstrated resilience in Q2 2025, with revenue reaching $107.7 million, up from previous periods. The company showed strength in its recurring revenue streams, which accounted for 63% of total revenue [1].

Cohu's strategic focus on innovation has been a key driver of its performance. The company secured a significant $28 million design win for its Eclipse handler, which is expected to ship over multiple quarters this year and drive follow-on business in 2026. The company also landed $3.5 million in new customer wins in Q2, spanning testers, handlers, and inspection systems [1].

Despite the earnings beat, the stock's decline may be attributed to investor concerns about the company's future guidance and potential revenue pullback in Q4. The stock is trading near its 52-week low of $12.57, indicating broader market challenges and investor caution. However, InvestingPro analysis suggests the stock is currently undervalued, with analysts maintaining a bullish consensus and setting price targets between $22 and $28 [1].

Cohu's CEO, Luis Mueller, expressed optimism about the company's market recovery, stating, "Recovery seems to be forming, very encouraged by utilization pickup and the pickup in order across markets." He also highlighted the capabilities of the Eclipse handler, saying, "We can now really span that whole application range with one platform" [1].

Looking ahead, Cohu has provided revenue guidance of $125 million for Q3 2025, with a potential mid-single-digit pullback anticipated in Q4. The company remains optimistic about its prospects for 2026, continuing to invest in new products and customer opportunities. However, potential revenue pullback in Q4, market volatility, supply chain disruptions, and competitive pressures in the semiconductor testing market could impact Cohu's financial performance [1].

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-cohu-q2-2025-beats-eps-forecast-stock-falls-93CH-4164667