Cohu Reports Strong Q3 2026 Results Driven by High-Performance Computing Demand
Cohu, Inc. (COHU) delivered robust third-quarter 2026 financial results, reporting revenue of $173.0 million, a 37% increase year-over-year. The company achieved a significant turnaround in profitability, posting GAAP net income of $12.1 million compared to a loss in the prior year period. This growth was primarily fueled by an explosion in semiconductor testing demand, particularly within high-performance computing (HPC) and AI sectors. The company's booking momentum is exceptionally strong, with total bookings reaching $391.0 million—a 126% increase year-over-year. Management raised its full-year 2026 revenue growth outlook to approximately 38% and provided optimistic guidance for 2027, projecting revenue growth of 30% to 40%. This optimism is supported by a massive $1 billion HPC pipeline and significant expansion in software analytics recurring revenue.
Topics: AI Infrastructure Bookings High-Performance Computing Revenue Growth Semiconductor Testing