Business Context and Reporting Period
Company: Cohu, Inc. (COHU)
Filing Type: Form 8-K (Current Report)
Date of Report: February 12, 2026
Reporting Period: Fourth fiscal quarter and full year ended December 27, 2025.
Context: This filing serves to incorporate by reference the Company's press release (Exhibit 99.1) regarding its financial results for the periods noted above.
Key Financial Metrics
The provided text is a cover sheet and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The filing explicitly states that detailed financial results are contained in the attached press release (Exhibit 99.1).
Non-GAAP Measures Discussed: The filing outlines the use of non-GAAP financial measures to supplement GAAP results, including:
- Non-GAAP Gross Margin/Profit
- Net Loss and Adjusted Loss per Share
- Operating Income (Loss) and Operating Expense
- Effective Tax Rate
- Net Cash per Share
- Adjusted EBITDA
Adjustments: These measures exclude share-based compensation, amortization of purchased intangibles, restructuring costs, impairments, acquisition-related costs, and other specific items as detailed in the reconciliation schedules accompanying the press release.
Material Changes
The filing text does not provide specific data points to quantify material changes versus prior periods. Investors must refer to the attached Exhibit 99.1 for comparative financial performance.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes standard forward-looking statements regarding FY2026 outlook, quarterly projections, revenue growth in vertical markets, recurring revenue trends, and test cell utilization. These are based on current beliefs and are subject to risks.
Key Risks and Uncertainties: The Company highlights numerous factors that could cause actual results to differ materially, including:
- Rapid technology changes and product transition risks.
- Industry cyclicality, seasonality, and volatility.
- Supply chain disruptions and supplier concentration.
- Semiconductor industry consolidation and high customer concentration.
- Geopolitical instability, trade barriers, and tariffs.
- AI-related risks and cybersecurity threats.
- Financial risks including indebtedness, covenant limits, and stock price volatility.
Investor Verification Checklist
- Review Exhibit 99.1: The specific revenue, earnings, and cash flow figures for Q4 and Full Year 2025 are located in the attached earnings release, not in this 8-K text.
- Verify Non-GAAP Reconciliations: Confirm the specific dollar amounts excluded from GAAP to reach Adjusted EBITDA and other non-GAAP metrics in the accompanying schedules.
- Assess Forward-Looking Assumptions: Evaluate the validity of the FY2026 projections and market growth assumptions cited in the press release against current industry conditions.
- Monitor Risk Factors: Review the latest 10-K and 10-Q filings for detailed discussions on the risks listed, particularly regarding supply chain dependencies and semiconductor industry cyclicality.