Cohu (COHU) Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Cohu delivered a mixed first quarter for fiscal 2026, beating on revenue while falling well short of profit expectations, as the semiconductor test equipment maker posted non-GAAP EPS of $0.01 against a consensus estimate of $0.03, a miss of 68.15%, … Read more Cohu delivered a mixed first quarter for fiscal 2026, beating on revenue while falling well short of profit expectations, as the semiconductor test equipment maker posted non-GAAP EPS of $0.01 against a consensus estimate of $0.03, a miss of 68.15%, even as net sales of $125.12 million topped the $122.14 million estimate by 2.44% and climbed 29.3% year over year. The top-line strength was driven by accelerating demand from AI and high-performance computing applications, with roughly 60% of revenue coming from recurring sources and GAAP gross margin expanding to 46.3% from 43.7% a year ago. The company swung to a non-GAAP profit of $596,000 from a non-GAAP loss of $0.02 per share in the year-ago period, reflecting meaningful operating leverage as restructuring charges fell sharply. Recent orders for Cohu's DiamondX systems targeting GaN power devices underscore the broadening demand picture. Looking ahead, Cohu guided Q2 2026 revenue to approximately $144 million, plus or minus $7 million, and raised its full-year high-performance computing revenue outlook to $80 million to $100 million.