Cohu Reports Third Quarter 2026 Results
Business Wire•28/10/2026•16:00 ET
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Key Highlights
- ➤Q3 net sales $173.0 million, up 37% year-over-year
- ➤Q3 non-GAAP EPS $0.43, versus $0.06 loss year-over-year
- ➤Bookings increased 126% year-over-year, with systems bookings up 318%
- ➤High-performance computing revenue outlook raised to approximately $120 million for fiscal 2026
- ➤Q4 sales forecast $178 million +/- $7 million, up 46% year-over-year
Expert Statements
Luis Müller, President and CEO of Cohu
“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 of Cohu
“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.”
Third quarter net sales increased 37% year-over-year to $173.0 million
Estimated test cell utilization increased 200 bps sequentially to 82%
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