Cohu Inc. (COHU)
Cohu: Earnings Are Catching Up With The Rally
I am maintaining a Strong Buy on Cohu, Inc. and raising my price target to $95, reflecting robust Q2 2026 results and a strengthened AI-driven growth thesis. The biggest change is Cohu's HPC opportunity. The pipeline increased from roughly $750 million to $850 million. I increased my 2027 non-GAAP EPS estimate from $1.63 to $1.89. Applying a 50x FWD non-GAAP P/E gives me a price target of $95.
How Much Upside is Left in Cohu (COHU)? Wall Street Analysts Think 28.27%
The consensus price target hints at a 28.3% upside potential for Cohu (COHU). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Cohu, Inc. (COHU) Q2 2026 Earnings Call Transcript
Cohu, Inc. (COHU) Q2 2026 Earnings Call Transcript
COHU Q2 Earnings Beat Estimates on AI Compute and Favorable Mix
Cohu's Q2 earnings and revenues beat estimates as AI compute demand, higher tester and recurring sales and a favorable mix lift results.
Cohu (COHU) Q2 Earnings and Revenues Surpass Estimates
Cohu (COHU) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.02 per share a year ago.
Cohu Q2 Earnings Call Highlights
Cohu NASDAQ: COHU reported second-quarter 2026 revenue of $149 million, up 38% from a year earlier and above the midpoint of its guidance, as demand for high-performance computing equipment and a recovery in several core semiconductor markets supported results.
Cohu Is An Underfollowed AI Testing Play
I rate Cohu a Strong Buy with an $83 price target, reflecting 57% upside from current levels. COHU is expanding into AI processor testing, high-bandwidth memory inspection, power management, and analytics, targeting a $1.6B serviceable market. Eclipse, Neon, Diamondx, PAICe software, and improving utilization could add about $1.05 of incremental EPS and lift my 2027 non-GAAP EPS estimate to $1.63.
Cohu: AI Test Exposure Can Still Pull Earnings Higher
I rate Cohu a buy, as its AI/HPC pipeline and recurring revenue base are underappreciated in current earnings. COHU's products address the increasing complexity of AI and high-performance computing chip testing, positioning it for significant revenue growth. Management targets $600–800M revenue, 48–50% gross margin, and $1.50–$3.25 non-GAAP EPS mid-term, with upside if the AI/HPC funnel converts.
Cohu Is Riding AI and HBM Trends But Execution Still Matters
COHU is gaining AI and HBM momentum as test demand recovers, but customer qualifications, ramps and execution remain key to the story.
Is COHU Stock Still Worth Buying After Its Big 2026 Rally?
COHU's rally reflects AI and HPC momentum, but richer valuation and early profit recovery make execution risks harder to ignore.
COHU Stock Outlook Hinges on AI Growth and Profit Recovery
Cohu's AI and HPC opportunities are growing, but the stock outlook still hinges on execution, HBM traction and stronger profitability follow-through.
Cohu: Earnings Growth Is Not Keeping Up With Increased Valuations
The stock has surged higher in 2026 after being in a downtrend, but valuations have arguably gotten too high relative to earnings growth. The latest report showed several good things, which includes an upgraded FY2026 outlook and strong gains in the top and the bottom line. The latest report also showed earnings are not growing fast enough to meet the current financial model or current elevated valuations.
