Cohu (COHU)
NASDAQ:COHU
Want to see COHU full AI Analyst Report?
Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum: revenue beat, materially upgraded guidance, large and growing HPC and inspection pipelines, notable customer wins (including a $100M incremental account opportunity), and improving recurring revenue mix. These positives are moderated by near-term margin pressure from systems mix and initial ramp costs, higher operating expenses to secure growth, supply-chain and capacity constraints, and timing risk for converting a sizable pipeline into 2026 revenue (some likely shifting into 2027). Overall liquidity is healthy but the capital structure includes significant convertible debt. On balance, the strategic wins and upgraded outlook outweigh the manageable execution and timing risks.Company Guidance
Revenue Beat and Upgraded Guidance
Q1 revenue of $125.1 million exceeded the midpoint of guidance. Q2 revenue guidance of approximately $144 million (+15% sequentially, +34% year-over-year). Full-year 2026 revenue outlook raised to growth of 20% to 25% versus prior year.
Order Momentum and Strong Pipeline
Orders increased 57% year-over-year (management opening comment) with quarter-over-quarter orders up 2%. Computing orders were particularly strong, up ~211% year-over-year. Company reports a targeted high-performance computing (HPC) opportunity pipeline of ~$750 million (roughly $650M test handlers + $100M HBM inspection) across 12 customers (5 in qualification, 7 in early engagement).
Expanded HPC Revenue Outlook
HPC revenue outlook increased to $80 million–$100 million for fiscal 2026 (up from prior $60M–$85M range). Eclipse handler and related systems are a major contributor (company cites roughly $30M attributable to Eclipse systems in earlier remarks).
Inspection & HBM Momentum
Inspection and metrology orders rose 64% year-over-year. Neon HBM platform revenue is forecast to grow ~80% year-over-year to approximately $20 million. Overall inspection business estimated at about $70 million for the year.
Strong Gross Margin and Recurring Revenue Mix
Q1 non-GAAP gross margin was 46.5%, above guidance, helped by a higher-than-expected recurring revenue mix. Recurring revenue (primarily consumables) comprised 60% of total revenue in Q1. Management expects full-year gross margin in the mid-40% range.
Software & Recurring Revenue Opportunity
Software traction accelerating: ARR from software bookings around $1.2 million, company expects software revenue ~ $3 million in 2026 (>200% YoY growth). Example cited: a $20M system order with $330k/year software subscription that could yield ~ $5M lifetime recurring revenue.
Healthy Liquidity and Positive Net Interest
Cash and investments increased by ~$5 million in Q1 to $489 million. Cash from operations was $10 million and net interest income after expense and FX was about $2.1 million.
Key Customer Wins and Large Account Opportunity
Secured two major Eclipse orders: one represents an estimated $100 million incremental revenue opportunity at that account over the next three years. Additional five customers in qualification represent an incremental ~$200 million revenue opportunity beginning late this year into next year.
COHU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
COHU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $47.35 | $45.59 | -3.72% |
Feb 12, 2026 | $32.80 | $30.60 | -6.71% |
Oct 29, 2025 | $24.01 | $24.06 | +0.21% |
Jul 31, 2025 | $17.86 | $19.13 | +7.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cohu (COHU) report earnings?
Cohu (COHU) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Cohu (COHU) earnings time?
Cohu (COHU) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COHU EPS forecast?
COHU EPS forecast for the fiscal quarter 2026 (Q2) is 0.14.