COHU
Cohu, Inc.
COHU has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over COHU overall, supported by stronger fundamentals and stronger modeled upside.
COHU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Healthy |
COHU's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
COHU PE Valuation
COHU has no meaningful PE right now: it lost money over the past year.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
COHU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for COHU, with profitability improving. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
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.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over COHU in the latest year-over-year earnings comparison.
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.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over COHU on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK 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's free cash flow has turned positive after two years mostly in the red: $56M over the past year.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated 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.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over COHU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK 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).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
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.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
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 stronger trend alignment. COHU is above 3 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
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 is up 92% so far in 2026, after finishing lower in four of the previous six years.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over COHU on returns for 2026, with the stronger performance.