NASDAQ: COHU · Semiconductors
Cohu (COHU) fair value: undervalued or overvalued?
As of 1 Oct 2026, Faircurve's model values Cohu (COHU) at $65.00 a share. The stock last closed at $73.48, which puts the model's fair value 11.5% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Cohu, Inc.
Faircurve Insights · 1 Oct 2026
Cohu, Inc. is a global provider of advanced semiconductor test equipment and associated services.
Faircurve's model on 1 Oct 2026 gave a fair value of $65.00 a share, the midpoint of 2,000 simulations. This was a +2.2% move since the previous run on 26 Sep 2026, which gave $63.58. The model's calibrated range over 63 trading days, built from the fair value, was $54.53 to $79.26. This range held the price 60% of the time at this horizon, and the evidence grade was Medium.
The overall quality score was 57 out of 100 against comparable companies. The model compared it with Veeco Instruments Inc. (VECO), IPG Photonics Corporation (IPGP), Power Integrations, Inc. (POWI), Penguin Solutions, Inc. (PENG), Ultra Clean Holdings, Inc. (UCTT), Axcelis Technologies, Inc. (ACLS), Synaptics Incorporated (SYNA), and Diodes Incorporated (DIOD). The moves around the last 8 earnings reports had a median size, ignoring direction, of 3.9%.
Written from the figures on this page for the 1 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give COHU?
The calibrated range for COHU over 63 trading days is $54.53 to $79.26. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $48.85 to $85.49. In 45% of the simulations the fair value came out above the price the model ran on.
How does COHU score on business quality?
Cohu's overall quality score is 57 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 50 | -3.8%ROIC | -2.1% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 70 | ||
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 81 | 12.7%Revenue growth, trailing | -2.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 65 | 0.1%Net buybacks / market value | 0.1% |
| Balance sheetNet debt to EBITDA and interest coverage. | 12 | 4.72xNet debt / EBITDA | -0.64x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 40 | 8.4 ptsEBITDA margin downside volatility, 5y | 3.9 pts |
How does COHU compare with similar companies?
The companies in semiconductors closest to Cohu in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| VECO Veeco Instruments Inc. | $57.38 | $55.93 | -2.5% | Fairly valued |
| IPGP IPG Photonics Corporation | $84.05 | $74.18 | -11.7% | Fairly valued |
| POWI Power Integrations, Inc. | $54.46 | $50.40 | -7.5% | Fairly valued |
| PENG Penguin Solutions, Inc. | $61.36 | $76.05 | +23.9% | Undervalued |
| UCTT Ultra Clean Holdings, Inc. | $72.69 | $113.05 | +55.5% | Undervalued |
| ACLS Axcelis Technologies, Inc. | $147.77 | $114.50 | -22.5% | Overvalued |
| SYNA Synaptics Incorporated | $121.10 | $132.69 | +9.6% | Fairly valued |
| DIOD Diodes Incorporated | $103.84 | $130.21 | +25.4% | Undervalued |
When does COHU report earnings, and how has the stock reacted?
Cohu's next earnings report is scheduled for 29 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 12.2% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How COHU moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.9%.
| Report date | Two session move |
|---|---|
| 30 Jul 2026 | +22.0% |
| 30 Apr 2026 | +2.0% |
| 12 Feb 2026 | -10.4% |
| 29 Oct 2025 | +2.5% |
| 31 Jul 2025 | +0.8% |
| 1 May 2025 | +21.4% |
| 13 Feb 2025 | +1.2% |
| 31 Oct 2024 | +5.4% |
Cohu at a glance
Cohu, Inc. stands as a prominent global provider of advanced semiconductor test equipment and comprehensive associated services.
- Market value
- $3.2B
- Sector
- Technology
- Industry
- Semiconductors
- Revenue expected, next twelve months
- $732M
- Consensus revenue growth, next fiscal year
- +35.2%
- Analysts with estimates
- 5
- Beta to the US market
- 2.83
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Cohu on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for COHU was $63.58. As of 1 Oct 2026 it is $65.00, a change of +2.2%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Cohu's valuation
Is Cohu stock undervalued or overvalued?
On Faircurve's model, COHU reads as Fairly valued as of 1 Oct 2026. The model's fair value is $65.00 a share against a last close of $73.48, a gap of -11.5%.
What is COHU's fair value?
$65.00 a share as of 1 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $48.85 to $85.49.
What price range does the model give COHU?
$54.53 to $79.26 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Cohu report earnings next?
The next report is scheduled for 29 Oct 2026. Companies can move their dates.
How much has COHU moved on past earnings reports?
Across its last 8 reports the median two session move was 3.9%, ignoring direction. The largest was +22.0% around the report of 30 Jul 2026.
How confident is the model in this valuation?
The model's evidence grade for COHU is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.