Cohu reports Q3 earnings beat, 126% jump in bookings and raises Q4 outlook
Cohu posted third‑quarter 2026 net sales of $173.0 million, up 37% year‑over‑year, and non‑GAAP earnings per share of $0.43, beating estimates. Bookings surged 126% YoY, driven by a 318% rise in systems bookings and strong AI‑driven demand. The company forecast fourth‑quarter revenue of $171 million to $185 million, implying about 46% YoY growth, and highlighted an AI compute pipeline of roughly $1.0 billion.
Why it matters
The earnings beat and higher bookings signal accelerating demand for Cohu’s test and HPC solutions, which may support a bullish outlook for the stock. The Q4 guidance, indicating near‑mid‑40% revenue growth, sets expectations for continued top‑line expansion.
Key facts
- 1Third‑quarter net sales were $173.0 million, a 37% year‑over‑year increase. stocktitan.net
- 2Non‑GAAP earnings per share were $0.43, beating consensus estimates. seekingalpha.com
- 3Bookings grew 126% year‑over‑year, with systems bookings up 318% and recurring revenue up 36%. stocktitan.net
- 4GAAP net income was $12.1 million, compared with a loss in the prior year quarter. investing.com
- 5Fourth‑quarter 2026 revenue guidance is $171 million to $185 million, implying 46% YoY growth. investing.com
- 6The AI‑driven compute opportunity pipeline grew 18% sequentially to approximately $1.0 billion. stocktitan.net
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.