Earnings ·
Cohu reports Q3 net sales of $173M and raises full-year HPC revenue outlook to ~$120M
COHUCohu Inc
Cohu reported third-quarter fiscal 2026 net sales of $173.0 million, a 37% increase year-over-year, with GAAP income of $12.1 million or $0.22 per share. Non-GAAP income was $23.3 million or $0.43 per share. Bookings surged 126% year-over-year, driven by a 318% increase in systems orders and strong recurring revenue growth. The company raised its fiscal 2026 high-performance computing (HPC) revenue outlook to approximately $120 million, citing growing customer adoption of Eclipse thermal solutions for AI-driven compute applications. Cohu expects fourth-quarter sales to rise 46% year-over-year to a range of $178 million plus or minus $7 million. The company operates in the semiconductor equipment and services industry, supplying test, automation, inspection, and metrology products.