Cohu Reports Strong Q2 Earnings, Raises Full-Year Revenue Guidance
Cohu (COHU) reported second-quarter revenue of $149 million in fiscal 2026, a year-over-year increase of 38%, driven by strong adoption of high-performance computing solutions. Recurring revenue accounted for 53% of total sales, and non-GAAP gross margin reached 45.5%, exceeding guidance due to favorable product mix. The company raised its full-year revenue growth forecast from 25% to 35%. Cohu also increased its fiscal 2026 HPC revenue estimate to $100 million–$110 million, up from a prior range of $80 million–$100 million. The company's high-performance computing pipeline now stands at $850 million annually. Management highlighted progress in converting software pilots into production deployments and expanding interface solutions for advanced semiconductors. Cohu is also investing to scale manufacturing capacity, including a 2% capital expenditure target of revenue for the year.
Tickers: $COHU
Topics: guidance high-performance computing non-GAAP financials revenue