Cohu Reports Q2 2026 Earnings: Strong Sales Growth and Durable Demand in AI Infrastructure
Cohu delivered strong financial results for the second quarter of 26, with sales reaching $149 million, representing a year-over-year increase of 38%. The company attributed this growth to solid execution across its business segments and continued customer adoption of its solutions. Recurring revenue accounted for approximately 53% of total revenue in Q2. Luis Antonio Mueller, Cohu's CEO, highlighted the progress made in key investment areas such as advanced thermal test handlers for AI processors, HBM inspection, flexible ATE platforms for power and connectivity devices, and software analytics. The company is benefiting from durable demand drivers in AI infrastructure and edge computing, where customers are investing to address rising power levels, production yield challenges, and factory productivity improvements. Semiconductor test utilization improved sequentially to 80% at the end of Q2, typically signaling a turning point for capital expenditures by Cohu's core IDM customer base. Computing and industrial segments showed the strongest performance with test utilization in the low 80s, followed by automotive and mobile sectors in the high 70s.
Tickers: $COHU
Topics: Conference Call Earnings Transcript