Is Cohu, Inc. (NASDAQ:COHU) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Cohu, Inc. at current levels.
Test equipment supplier sitting at the bottom of a cyclical pit while AI accelerator and automotive silicon demand quietly rebuilds its order book.
Where COHU is headed
Cohu spent 2023 and 2024 getting punched in the face by the worst back-end test equipment downturn since 2008. Automotive and industrial chip inventories were bloated, mobile was flat, and customers stopped buying handlers and contactors. The stock fell from $45 to the high teens. That cycle is now turning. The 52-week range tells the story, $17.38 to $58.44, and the +29.3% TTM revenue growth confirms orders are flowing again. By late 2027, Cohu should be running at roughly $850M to $950M in annual revenue with operating margins back in the mid-teens, generating $130M+ in free cash flow against today's $69M.
Read the full Compass Direction on COHU
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $54.99).
See the full COHU analysisGet calls like this, free
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Frequently asked questions
Is Cohu, Inc. (NASDAQ:COHU) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Cohu, Inc. at current levels. Test equipment supplier sitting at the bottom of a cyclical pit while AI accelerator and automotive silicon demand quietly rebuilds its order book.
What is COHU's Compass Score?
Cohu, Inc. scores 80/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for COHU?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the COHU page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.