Cohu Q3 2026: EPS Tops Expectations as Eclipse Thermal Demand Climbs
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Cohu topped expectations on both lines and guided fourth-quarter sales to $178 million, with management now seeing roughly $120 million of fiscal 2026 high-performance computing revenue. Eclipse thermal demand is the engine: several hundred systems are already forecast for 2027.
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Cohu posted adjusted non-GAAP EPS of $0.43 for Q3 2026, exceeding expectations and ending a string of losses and near-breakeven quarters recorded through 2024 and 2025.
Eclipse, Cohu's thermal test platform for high-performance computing and AI workloads, drove systems bookings up 318% year-over-year. The demand shift is broad rather than tied to one customer program.
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Management raised its fiscal 2026 high-performance computing revenue outlook to approximately $120 million. Cohu is expanding manufacturing capacity and coordinating with supply partners ahead of expected customer production ramps.
Q4 2026 guidance calls for sales of $178 million, representing roughly 46% year-over-year growth. Eclipse customer qualifications converting to volume orders is the key variable to monitor.
Mentioned: COHU