Cohu Q1 EPS Misses at $0.01, Revenue Tops $125.12M; Overvaluation Flagged
Jefferies reiterates Buy rating for Cohu after Q1 results showing EPS of $0.01 missing consensus versus revenue of $125.12 million, up from $96.80 million year-on-year. Shares trade near 52-week high after the report despite a GF Value of $24.07 flagging overvaluation and $0.40 million in insider sales over past quarter.
1. Jefferies Reaffirms Buy Rating
Jefferies reiterates its Buy rating for Cohu, highlighting semiconductor equipment demand and the stock’s proximity to its 52-week high of $48.17. The firm maintains confidence despite mixed profitability metrics, citing long-term industry tailwinds.
2. Q1 Financial Results
Cohu reported Q1 EPS of $0.01, missing the $0.03 consensus, while revenue reached $125.12 million, a 29% increase from $96.80 million a year earlier and 2.56% above estimates. Non-GAAP income was $0.60 million.
3. Valuation Concerns and Insider Sales
The stock’s GF Value of $24.07 suggests it is significantly overvalued compared with current pricing. Company insiders sold $0.40 million in shares in the past three months, with no insider purchases reported.
4. Earnings Call Transcript Released
On May 1, Cohu published the full Q1 2026 earnings call transcript, offering detailed commentary from management on results, market outlook and operational initiatives.