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Cohu Inc

Cohu, Inc. provides semiconductor test equipment and services through its subsidiaries in the United States, Taiwan, China, Malaysia, the Philippines, Singapore, and internationally. Its offerings include test and inspection metrology automation systems, micro-electromechanical system test modules, test contactors, thermal subsystems, and data analytics software for semiconductor manufacturers and test subcontractors. The company also supplies automated test equipment for wafer-level and device package testing, test handlers, interface products, spares, warranties, and training. Its data analytics product DI-Core is a software suite for optimizing Cohu equipment performance, and it also provides AI process control and analytics-based monitoring software. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was incorporated in 1947 and is headquartered in San Diego, California.

Price · split & dividend adjusted
News & notes moving COHU
United States
Semiconductors

Teradyne Launches Magnum E2 Memory Tester as Memory Revenue Hits Record $212 Million

Teradyne has launched the Magnum E2, a next-generation high-speed memory test system built on its Near-DUT Test architecture, supporting advanced DRAM and flash interfaces including LPDDR6, DDR6, GDDR7 and NAND flash. The platform offers higher parallelism, improved signal integrity and support for NRZ, PAM3 and PAM4 signaling, and combines memory and logic testing on a single platform. The launch expands Teradyne's memory test portfolio, led by its Magnum platforms, as the company competes with KLA and Cohu in the semiconductor test-equipment market. In the second quarter of 2026, Teradyne's memory revenues reached a record $212 million, the third consecutive quarter above $200 million, with memory book-to-bill exceeding 2. Management expects the 2026 memory test TAM to be more than 40% higher than 2025 and expects memory revenues to grow in the second half compared to the first half. KLA reported record fourth-quarter fiscal 2026 revenues of $3.66 billion, up 15% year over year and 7% sequentially, while Cohu is extending its Neon inspection platform across HBM3, HBM4 and HBM4E production.
TER ▲COHU KLAC
Semiconductors ▲
About megatrends
Semiconductors › Memory — DRAM, NAND & HBM ▲Technology
Semiconductors › Advanced Packaging & Test (OSAT) Technology
TER · Capital · Positive Teradyne's memory revenues hit a record $212M in Q2 2026, third straight quarter above $200M, with book-to-bill above 2 and expected H2 growth.
TER · Technology · Positive Teradyne launched the Magnum E2 next-generation high-speed memory test system supporting LPDDR6, DDR6, GDDR7 and NAND flash.
COHU · Competition · Neutral Mentioned only as a competitor extending its Neon inspection platform across HBM3/HBM4/HBM4E, no impact on Cohu stated.
KLAC · Capital · Neutral Reported record Q4 fiscal 2026 revenues of $3.66B, up 15% YoY, but only as context alongside Teradyne's memory test news.
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Zacks Investment Research·4dRead more →
United States
Artificial Intelligence▲

Teradyne Surges on AI Test Demand, Launches New UltraFLEXplus Instruments

Teradyne is capitalizing on accelerating AI-driven semiconductor test demand, particularly for its UltraFLEXplus system, which has driven a 128% year-over-year growth in its Semiconductor Test business in Q2 2026, contributing $1.12 billion of the company's total $1.3 billion in sales. To sustain momentum, Teradyne launched three new instruments for UltraFLEXplus—UltraPin5000-EM, UltraPort-PCIe6, and UltraVS64-HP—to address advanced digital, high-speed interface, and power testing for AI and data-center applications. The company expects Q3 2026 revenues between $1.20 and $1.30 billion, while competitors KLA and Cohu are also expanding in AI, with Cohu receiving about $5 million in orders for its Diamond X platform in May 2026. Teradyne shares have surged 84.4% year-to-date, trading at a forward P/S of 9.75X, and the Zacks Consensus Estimate for fiscal 2026 earnings is $9.10 per share, implying 129.8% growth.
TER ▲COHU ▲
Artificial Intelligence ▲Semiconductors ▲
About megatrends
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Demand
Semiconductors › Advanced Packaging & Test (OSAT) ▲Demand
Artificial Intelligence › EDA & Semiconductor IP ▲Demand
Artificial Intelligence › Foundry & Advanced Packaging ▲Demand
TER · Demand · Positive Teradyne's Semiconductor Test business grew 128% YoY due to AI-driven demand for UltraFLEXplus, and new instruments launched to sustain momentum.
COHU · Demand · Positive Cohu received about $5 million in orders for its Diamond X platform in May 2026, indicating AI-driven test demand.
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Zacks Investment Research·28dRead more →
Artificial Intelligence▲

Stifel raises targets on Applied Materials, Lam, KLA on prolonged demand cycle

Stifel raised its price targets on semiconductor equipment makers Applied Materials, KLA, and Lam Research, citing a prolonged demand cycle driven by agentic AI. The firm increased its Applied Materials target to $650 from $530, KLA to $270 from $191, and Lam Research to $425 from $325, while maintaining Buy ratings on all three. Analysts project wafer fab equipment spending of $145 to $150 billion in 2026, rising to $192 billion in 2027 and $225 billion in 2028, supported by memory supply contracts with favorable pricing structures. Stifel also raised targets on Ichor Holdings to $115 from $76 and Cohu to $70 from $50, both rated Buy.
AMAT ▲COHU ▲ICHR ▲KLAC ▲LRCX ▲
Artificial Intelligence ▲Semiconductors ▲
About megatrends
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Demand
Semiconductors › Wafer-Fab Equipment & Lithography ▲Demand
Semiconductors › Memory — DRAM, NAND & HBM ▲Demand
AMAT · Capital · Positive Stifel raised price target to $650 from $530 and maintained Buy rating, citing prolonged demand cycle.
COHU · Capital · Positive Stifel raised price target to $70 from $50 and maintained Buy rating.
ICHR · Capital · Positive Stifel raised price target to $115 from $76 and maintained Buy rating.
KLAC · Capital · Positive Stifel raised price target to $270 from $191 and maintained Buy rating, citing prolonged demand cycle.
LRCX · Capital · Positive Stifel raised price target to $425 from $325 and maintained Buy rating, citing prolonged demand cycle.
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Seeking Alpha·88dRead more →
Semiconductors▲

Cohu Stock Surges Nearly 6% After Baird Initiates Coverage with Outperform Rating

Cohu shares jumped almost 6% on Thursday after Baird analyst Quinn Fredrickson initiated coverage with an outperform rating and a $65 price target, implying nearly 18% upside. Fredrickson sees Cohu as well-positioned to benefit from the AI build-out through its software analytics, power management, and hardware testing services. He also views the semiconductor diagnostics company as a resilient play that can weather broader chip sector downturns.
COHU ▲
Semiconductors
About megatrends
Semiconductors › Process Control — Metrology & Inspection Technology
COHU · Capital · Positive Baird initiated coverage with outperform rating and $65 price target, implying 18% upside.
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The Motley Fool·89dRead more →
Semiconductors▲2

Cohu Taps AI and HBM Trends with Recurring Revenue and Recovery

Cohu is aligning its portfolio with AI infrastructure demand, seeing a computing segment pipeline of about $750 million, including roughly $650 million tied to test handlers. The company expects Neon HBM revenues to rise about 80% year over year to approximately $20 million in 2026, with repeat volume orders from U.S. and Korean customers. Recurring revenue represented about 60% of total revenue in the first quarter of 2026, supported by consumables, interfaces, software, upgrades, spares and services. First-quarter 2026 revenues rose 29% year over year to $125.1 million, and management expects full-year 2026 revenues to increase 20% to 25%. Cohu currently carries a Zacks Rank #2 (Buy).
COHU ▲
Semiconductors ▲Artificial Intelligence ▲
About megatrends
Semiconductors › Process Control — Metrology & Inspection ▲Demand
Artificial Intelligence › HBM & AI Memory ▲Demand
COHU · Demand · Positive Cohu reports strong AI-driven demand with $750M pipeline and 80% HBM revenue growth.
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Zacks Investment Research·96dRead more →
COHU▼

Cohu Director Steven Bilodeau Sold Over 10,000 Shares for $460,000

Cohu Director Steven Bilodeau sold 10,257 shares of the semiconductor test equipment provider in an open-market transaction on May 20, 2026, valued at approximately $460,000. The shares were sold at a reported price of $44.85 each, reducing his direct holdings by 16.40% from 62,529 to 52,272 shares. The sale occurred amid a 153.3% year-over-year surge in Cohu's stock price, which closed at $44.98 that day and later reached a multi-year high of $70.92 in June. Bilodeau retained a direct stake worth about $2.35 million and held no indirect or derivative positions. The transaction continues a pattern of net selling over the past two years, with this sale exceeding his average trade size of roughly 7,900 shares, reflecting a shrinking base of available shares.
COHU ▼
COHU · Capital · Negative Director sold over 10,000 shares, reducing holdings by 16.4%, signaling insider bearishness.
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