Earnings Releases·Oct 28, 2026, 4:07 PM ET

Cohu — Third Quarter 2026 Earnings Summary

Q3 2026 net sales rose 37% year-over-year to $173.0 million, while GAAP net income turned positive at $12.1 million ($0.22/share) compared to a $4.1 million loss in Q3 2025; Adjusted EBITDA also improved significantly to $28.8 million (16.6% of sales) from $11.7 million in the prior year period.
Fiscal 2026 high-performance computing revenue outlook was raised to approximately $120 million, with Q4 2026 sales guidance set at $178 million +/- $7 million (up 46% year-over-year) and the annual AI-driven compute opportunity pipeline growing 18% sequentially to $1.0 billion.
Bookings surged 126% year-over-year, driven by a 318% increase in systems bookings, while total cash and investments reached $507.9 million; however, no shares were repurchased during the quarter.
Management highlighted broad-based improvement driven by growing customer adoption of Eclipse thermal solutions and plans to expand manufacturing capacity to support production ramps, though forward-looking statements remain subject to risks including supply chain disruptions and geopolitical instability.