Cohu (COHU) Releases Results for Q2 2025

Cohu, Inc. (NASDAQ:COHU) is one of the Best Semiconductor Stocks to Buy Under $20. On July 31, the company released its results for Q2 2025, wherein the test cell utilization was up a few points throughout all Cohu segments, and it secured a $28 million design-win order from a customer serving mobile and automotive end markets. For Q3 2025, Cohu, Inc. (NASDAQ:COHU) expects sales of $125 million (+/- $7 million). The company’s estimated test cell utilization rose by 3 points Q-o-Q to 75%, demonstrating that the industry has been entering a recovery cycle. Orders saw an improvement Q-o-Q, mainly due to the mobile end market.

Cohu, Inc. (NASDAQ:COHU) also secured its first system order from a customer in India for silicon carbide test. This resulted in the opening of new geographical opportunity for its products. Recurring revenue, which is largely consumable-driven and more stable compared to systems revenue, accounted for 63% of total revenue in Q2 2025. Cohu, Inc. (NASDAQ:COHU) highlighted that the gross margin for Q3 2025 is expected to be ~44%. The Q3 2025 revenue mix is projected to consist of ~47% from systems, primarily test automation systems for the mobile market, and ~53% from recurring revenue.

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Disclosure: None. This article is originally published at Insider Monkey.