Cohu Reports Strong Q2 Earnings and Raises Full-Year Revenue Guidance
Cohu, Inc. (NASDAQ:COHU) reported second-quarter revenue of $149 million for the quarter ended July 31, 2026, representing a year-over-year increase of 38% and exceeding its guidance midpoint. The growth was driven by strong demand in high-performance computing equipment as well as recovery across core semiconductor markets. The company raised its full-year revenue outlook to approximately $610 million–$615 million from previous estimates, with a projected year-over-year increase of about 35%. Cohu also increased its HPC revenue forecast for fiscal 2026 to between $100 million and $110 million. The company's high-performance computing customer pipeline now stands at approximately $850 million. Cohu is expanding manufacturing capacity in Malaysia, aiming for a 50% increase in HPC handler output over the next six months and more than doubling it by mid-2027 to meet growing demand. However, the automotive market remains underperforming with utilization not expected to reach 80% until late Q1 or early Q2 of 2027.
Tickers: $COHU
Topics: AI infrastructure high-performance-computing (HPC) revenue growth semiconductors