Cohu, Inc. reported a 12.7% increase in net sales for the fiscal year ending December 27, 2025, reaching $453.0 million, compared to $401.8 million in the previous year. The growth was primarily driven by heightened demand for mobile and AI-based computing applications, which helped offset declines in the automotive, industrial, and consumer segments. However, the company recorded a net loss of $74.3 million, slightly higher than the $69.8 million loss reported in fiscal 2024. The gross margin decreased to 42.7% from 44.9% in the prior year, attributed to a less favorable product mix and a one-time charge related to the discontinuation of certain products.
Cohu's strategic initiatives included the acquisition of Tignis, a provider of AI process control and analytics software, completed on January 7, 2025, for approximately $34.8 million. This acquisition is expected to enhance Cohu's analytics offerings in the semiconductor process control market. Additionally, the company initiated a global restructuring program in February 2025 aimed at improving profitability while maintaining investment in product development. This program included consolidating operations and implementing workforce reductions, resulting in restructuring charges of $10.1 million for the fiscal year.
Operationally, Cohu's installed base exceeded 25,000 systems, serving over 280 manufacturing facilities across 31 countries. The company reported a backlog of unfilled orders amounting to $165.1 million as of December 27, 2025, up from $138.0 million the previous year. Cohu's workforce comprised approximately 2,857 employees, reflecting a commitment to maintaining a skilled labor force amid the cyclical nature of the semiconductor industry.
Looking ahead, Cohu anticipates continued demand for its semiconductor testing and inspection solutions, particularly in high-growth areas such as AI and mobile computing. The company remains focused on innovation and expanding its product portfolio to address the increasing complexity of semiconductor devices. Despite the current macroeconomic challenges, Cohu's management believes that long-term market drivers, including the proliferation of electronics across various sectors, will support future growth.
About COHU INC
Cohu, Inc. is a global provider of semiconductor test, interface, automation, inspection, and metrology equipment and related services. Its product portfolio supports semiconductor manufacturing and testing, serving integrated device manufacturers, fabless design houses, and test subcontractors worldwide. The company focuses on innovative hardware and software solutions to enhance yield, productivity, and time-to-market in the highly competitive semiconductor industry.
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