What is Cohu Inc.'s DCF fair value?

Cohu Inc. (COHU) base-case DCF fair value: $42 per share. Discounted at 12.34% WACC with 3% terminal growth. Implied downside vs. current price: -24%.

Is Cohu Inc. net cash or net debt?

Cohu Inc. (COHU) holds a net cash position of $195M as of Q3 2025 — cash $197M vs. total debt $2M.

Cohu Inc.

Q: What is the bull case for Cohu Inc.?

Cohu Inc. (COHU) bull case: Cohu's bull case hinges on HPC revenue scaling and automotive test intensity driving structural margin expansion above prior cycle peaks.

Q: What is the bear case for Cohu Inc.?

Cohu Inc. (COHU) bear case: Bear case: automotive adoption stalls, HPC ramp disappoints, and China restrictions pressure margins as the semiconductor cycle reverses.

COHU

NASDAQFree primer · Steps 1–3 of 21Updated May 29, 2026Coverage as of 2026-Q2

DCF Fair Value

$42-24%

Net Cash

$195M

Bull Case

Cohu's bull case hinges on HPC revenue scaling and automotive test intensity driving structural margin expansion above prior cycle peaks.

Bear Case

Bear case: automotive adoption stalls, HPC ramp disappoints, and China restrictions pressure margins as the semiconductor cycle reverses.

Full Research Available

This primer covers steps 1–3 of 21. The full deep dive includes moat analysis, DCF valuation, bull/bear scenarios, management quality, earnings transcript analysis, competitive positioning, returns on capital, institutional/insider activity, and an investment memo.

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