COHU
Cohu, Inc.
COHU offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has a slight edge over COHU overall, supported by lower modeled downside and stronger valuation.
COHU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Healthy |
COHU's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
COHU PE Valuation
COHU has no meaningful PE right now: it lost money over the past year.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
COHU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
COHU has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
COHU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.99 | — |
| Q3 2026 | -$0.52 | +$1.04 |
| Q2 2026 | -$0.83 | +$1.03 |
| Q1 2026 | -$1.19 | +$0.65 |
| Q4 2025 | -$1.59 | -$0.10 |
| Q3 2025 | -$1.56 | -$0.48 |
| Q2 2025 | -$1.86 | -$1.25 |
| Q1 2025 | -$1.84 | -$1.79 |
| Q4 2024 | -$1.49 | -353% |
COHU is still losing money, but far less than before: $0.52 per share over the past year, against $1.86 at its worst in mid-2025.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over COHU on earnings quality, reporting a profit while its opponent remains loss making.
COHU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $173M | +37% |
| Q2 2026 | $149M | +38% |
| Q1 2026 | $125.1M | +29% |
| Q4 2025 | $122.2M | +30% |
| Q3 2025 | $126.2M | +32% |
| Q2 2025 | $107.7M | +2.8% |
| Q1 2025 | $96.8M | -10% |
| Q4 2024 | $94.1M | -31% |
COHU's revenue is recovering but still below its 2021 peak: $173M last quarter, up 37% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.4% | +15 points |
| Q2 2026 | 0.2% | +16 points |
| Q1 2026 | -8.9% | +19 points |
| Q4 2025 | -13% | +10 points |
| Q3 2025 | -7.7% | +8.8 points |
| Q2 2025 | -16% | -0.4 points |
| Q1 2025 | -28% | -12 points |
| Q4 2024 | -23% | -23 points |
COHU's operating margin was 7.4% last quarter, up 15 points from the same quarter a year ago.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over COHU on profitability, with a higher operating margin.
COHU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3M | +$20.9M |
| Q2 2026 | $8.1M | -39% |
| Q1 2026 | $8.3M | +$29.4M |
| Q4 2025 | $36.5M | +$41.2M |
| Q3 2025 | -$18M | -219% |
| Q2 2025 | $13.4M | +$14.3M |
| Q1 2025 | -$21.1M | -$3.9M |
| Q4 2024 | -$4.8M | -$3.6M |
COHU has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
COHU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +15% | +7M shares |
| 1 year | +16% | +7.6M shares |
| 3 years | +13% | +6.3M shares |
| 5 years | +9.9% | +4.9M shares |
| Available history | +32% | +13.2M shares |
COHU has 54M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $1,000 |
| Q2 2025 | $138,000 |
| Q1 2025 | $8.4M |
| Q4 2024 | $32,000 |
COHU hasn't bought back shares in the past year.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over COHU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
COHU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 8.6x | High |
| Q3 2024 | -60.8x | Net Cash |
| Q2 2024 | -7.7x | Net Cash |
| Q1 2024 | -3.2x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q3 2023 | -2.1x | Net Cash |
| Q2 2023 | -1.6x | Net Cash |
COHU's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over COHU on leverage, with a lower net debt burden relative to earnings.
COHU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.9 | Neutral |
| Stochastic | 21.9 | Neutral |
COHU's weekly RSI is 46 (neutral) and its Stochastic is 22 (neutral).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
COHU PE vs Technology Sector
| Metric | COHU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
COHU has no meaningful PE right now: it lost money over the past year.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
COHU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.2 | 19% below |
| 20 week MA | $54.4 | 17% below |
| 50 week MA | $44.0 | 2.2% above |
| 100 week MA | $32.1 | 40% above |
| 200 week MA | $32.4 | 39% above |
COHU has slipped below its 8- and 20-week averages, though it's still 39% above its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over COHU on trend strength, trading above more of its moving averages.
COHU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.3 | $38.8 | +74% |
| 2021 | $38.8 | $38.0 | -1.9% |
| 2022 | $38.0 | $31.6 | -17% |
| 2023 | $31.6 | $35.4 | +12% |
| 2024 | $35.4 | $26.8 | -24% |
| 2025 | $26.8 | $23.5 | -12% |
| 2026 YTD | $23.5 | $45.0 | +92% |
COHU has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.