COHU Q3 FY26 earnings call: key takeaways

• COHU reported revenue of $173 million, beating the $170.24 million consensus estimate (13:52)
• The company raised its full-year 2026 revenue growth outlook to approximately 38% over 2025, driven by strong performance in high-performance computing and recurring revenue growth. (15:56)

Results vs expectations

EPS basis: Unverified: provider EPS matches neither the SEC filing nor the press release

The stock moved +0.5% over the report window (S&P 500 ETF -0.4%). Earnings history

What changed since last quarter

• The company raised its full-year 2026 revenue growth outlook to 38% from an unspecified prior figure. (15:56)
• COHU increased its high-performance computing revenue outlook to $120 million for 2026, citing growing customer interest. (2:15)
• The company expects 2027 revenue growth of 30% to 40% over 2026, driven by the high-performance computing opportunity funnel. (17:48)

Guidance

What analysts pressed on

• Whether the supply chain constraints and component shortages could impact future production and profitability. (28:10)
• How the company plans to handle increased demand for Eclipse systems and potential bottlenecks in capacity expansion. (37:01)
• Concerns about the sustainability of high-performance computing demand and potential shifts in customer spending. (24:34)

In their words

• We're raising our fiscal year 2026 high-performance computing revenue outlook to approximately $120 million to support growing customer interest. (2:15)
• Our priorities are clear. Convert the high-performance computing funnel into production revenue and accelerate recurring growth through services, spares, and software. (11:15)
• The high end of the range would depend on the timing of customer qualifications and production ramps, provided market conditions remain strong. (13:07)
• We have a couple of hyperscalers in that bucket. We have a number of fabulous companies in qualification bucket as well. Dennis Piatchinan (Needham & Company) (39:29)