A maker of machines and software that test and inspect semiconductor chips before they ship, serving computer, automotive, and consumer-electronics companies. It began in 1947 as Kalbfell Laboratories, founded by Dr. David Kalbfell, and took the Cohu name in 1972 after a name used for its electronics division — a nod to Lamott T. Cohu, whose investment group bought the firm in the 1950s. The company once made television cameras and metal detectors before focusing solely on chip testing.
Cohu stockholders approve increase in authorized common stock to 150 million shares.
The Amended and Restated Certificate of Incorporation was filed with Delaware and became effective on May 15, 2026.
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At the May 15, 2026 Annual Meeting, Cohu stockholders approved an amendment to the certificate of incorporation increasing authorized common stock from 90 million to 150 million shares.
The Board adopted Amended and Restated Bylaws effective May 15, 2026, including an exclusive forum provision designating Delaware's Court of Chancery for certain corporate claims.
Stockholders elected three Class 1 directors: William E. Bendush, Karen M. Rapp, and Nina L. Richardson, each to serve until the 2029 annual meeting.
Stockholders approved the advisory say-on-pay proposal, the 2026 Equity Incentive Plan, the amended 1997 Employee Stock Purchase Plan, and ratified Ernst & Young LLP as independent auditor for fiscal year 2025.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Cohu reports Q1 FY2026 net sales of $125.1M, GAAP net loss of $12.1M
First quarter 2026 net sales were $125.1 million, with approximately 60% recurring revenue.
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GAAP gross margin was 46.3%; non-GAAP gross margin was 46.5%.
GAAP net loss was $12.1 million, or $0.26 per share; non-GAAP net income was $0.6 million, or $0.01 per share.
Total cash and investments at end of Q1 2026 were $488.7 million; no shares repurchased during the quarter.
Company raised FY26 high-performance computing revenue outlook to approximately $80-100 million and expects Q2 2026 sales of $144 million ± $7 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Cohu reports Q3 2025 net sales of $126.2 million, GAAP net loss of $4.1 million
GAAP gross margin was 43.8%; non-GAAP gross margin was 44.1%.
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Third quarter 2025 net sales were $126.2 million, with approximately 55% recurring revenue.
GAAP net loss was $4.1 million, or $0.09 per share; non-GAAP net loss was $2.8 million, or $0.06 per share.
First nine months of 2025 net sales were $330.7 million, with GAAP net loss of $51.8 million ($1.11 per share) and non-GAAP net loss of $2.9 million ($0.06 per share).
Company expects fourth quarter 2025 sales in the range of $122 million plus or minus $7 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Cohu, Inc. issued $287.5 million of 1.50% Convertible Senior Notes due 2031
Net proceeds were approximately $278.9 million, of which about $28.4 million was used to pay for capped call transactions; remaining proceeds are for general corporate purposes.
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Cohu, Inc. issued $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2031 on September 29, 2025, including full exercise of the initial purchasers' option for an additional $27.5 million.
The Notes mature on January 15, 2031, with interest payable semiannually at 1.50% per year, beginning January 15, 2026.
Initial conversion rate is 36.7975 shares per $1,000 principal (conversion price ~$27.1758 per share), a 32.50% premium over the $20.51 reference price.
The Notes are not redeemable before January 22, 2029, and are subject to repurchase upon a Fundamental Change.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Cohu announces $200M convertible senior notes offering due 2031
Cohu, Inc. announced on September 23, 2025 its intention to offer $200 million aggregate principal amount of Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers under Rule 144A.
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The company expects to grant initial purchasers an option to buy up to an additional $30 million of the notes, with settlement by October 3, 2025.
The notes will mature on January 15, 2031, and will be convertible under certain conditions before October 15, 2030, and at any time thereafter until the second scheduled trading day before maturity.
Cohu expects to enter into capped call transactions with option counterparties to reduce potential dilution from conversion of the notes, with a cap set at a targeted 100% premium to the last reported sale price of its common stock on the pricing date.
Net proceeds from the offering will be used to pay for the capped call transactions and for general corporate purposes.
8.01 Other Events · 9.01 Financial Statements and Exhibits