Cohu Inc. Common Stock: Beat — EPS $0.43, Revenue $173M
Earnings BeatQ3 2026 · After-market
Did Cohu Inc. Common Stock (COHU) beat earnings today?
Yes, Cohu Inc. Common Stock (COHU) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+22.86% surprise
$0.43Actual
Expected: $0.35
vs. year ago +816.7%
Total Revenue+1.62% surprise
$173MActual
Expected: $170.24M
vs. year ago +37.0%
Released Oct 28 · 4:00 PM ET
Earning Report
| Metric | Q3 FY2026 | Q3 FY2025 | YoY Change % |
|---|---|---|---|
| Net sales | $172.96M | $126.25M | +37.0% |
| Net income | $12.13M | $(4.101)M | - |
| GAAP Basic EPS | $0.26 | $(0.09) | - |
| GAAP Diluted EPS | $0.22 | $(0.09) | - |
| Non-GAAP Net income | $23.29M | $(2.834)M | - |
| Non-GAAP Diluted EPS | $0.43 | $(0.06) | - |
Financial Outlook / Guidance
| Metric | Q4 FY2026 Outlook | FY2026 Outlook |
|---|---|---|
| Sales | $178M +/- $7M (+46% YoY) | — |
| High-performance computing revenue | — | ~$120M |
Business Highlights
- ➤Customer adoption of Eclipse thermal solutions supported high-performance-computing systems demand.
- ➤Customers responded to increasing device complexity, higher power requirements and greater test intensity.
- ➤Demand for services, consumables and software supported the recurring revenue business.
- ➤The high-performance-computing opportunity pipeline expanded to approximately $1 billion.
- ➤More customer programs advanced through qualification and into production.
- ➤Cohu is focused on expanding manufacturing capacity for potential customer production ramps.
- ➤The company is working with supply partners to support potential production ramps.
- ➤Several hundred Eclipse systems are forecasted for 2027.
- ➤Cohu did not repurchase any common shares during the third quarter.
Management Commentary
Luis Müller, President and CEO
“Third-quarter results reflected broad-based improvement, with revenue increasing 37% year-over-year to $173 million and bookings increasing 126%. Growing customer adoption of our Eclipse thermal solutions for high-performance computing was a key driver for systems demand as customers respond to increasing device complexity, higher power requirements, and greater test intensity. We also continue to benefit from the strength of our recurring revenue business, where customer demand for services, consumables, and software provide a stable foundation and support long-term value creation.”
Luis Müller, President and CEO
“Our high-performance computing opportunity pipeline expanded to approximately $1 billion and continues to mature as more customer programs advance through qualification and into production. We are raising our fiscal year 2026 high-performance computing revenue outlook to approximately $120 million. With several hundred Eclipse systems currently forecasted for 2027, we are focused on expanding manufacturing capacity and working closely with supply partners to support potential customer production ramps.”