Cohu Reports Third Quarter 2026 Results
Cohu reported Q3 2026 net sales of $173.0 million, up 37% year-over-year, with GAAP EPS of $0.22 and non-GAAP EPS of $0.43, swinging from a year-ago loss. Bookings surged 126% YoY with systems bookings up 318%, and the AI-driven compute opportunity pipeline grew 18% sequentially to roughly $1.0 billion. Eclipse thermal solutions for high-performance computing are a key demand driver. Management raised its FY26 high-performance computing revenue outlook to approximately $120 million and guided Q4 sales to $178 million +/- $7 million, up 46% YoY.
Key figures
- Eps
- 0.22
- Revenue
- 173000000
- Guidance
- Q4 2026 sales up 46% YoY, in the range of $178 million +/- $7 million; FY26 high-performance computing revenue outlook raised to approximately $120 million
- Revenue Yoy
- 37%
- Bookings yoy
- 126%
- Gross margin
- 45.5%
- Non gaap eps
- 0.43
- Adjusted ebitda
- 28771000
- Nine month revenue
- 447100000
- Ai compute pipeline
- $1.0 billion
- Non gaap net income
- 23300000
- Cash and investments
- 507900000
- Systems bookings yoy
- 318%
- Non gaap gross margin
- 45.7%
- Test cell utilization
- 82%
- Recurring bookings yoy
- 36%
AI analysis
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