Cohu Q4 2025 Revenue Rises Double Digits with Record Backlog Growth
Cohu reported a double-digit increase in Q4 2025 revenue, driven by robust demand for semiconductor testing equipment, and delivered record operating margin expansion. The company’s order backlog reached an all-time high, with management targeting further growth in AI and 5G test segments for 2026.
1. Q4 Financial Performance
Cohu achieved double-digit revenue growth in its fourth quarter of 2025, underpinned by strong unit shipments of semiconductor testing systems. Improved product mix and operational efficiencies drove operating margins to their highest level in over a year.
2. Backlog and Strategic Outlook
The company closed Q4 with a record order backlog, reflecting heightened customer demand for advanced test solutions. Management highlighted strategic investments in AI and 5G test capabilities and expects these end markets to sustain growth momentum into 2026.