Quarterly ResultApr 30, 2026, 04:19 PM
COHU Q1 Net Sales $125.1M; Non-GAAP EPS $0.01; Raises FY26 HPC Outlook
AI Summary
Cohu Inc. reported fiscal Q1 2026 net sales of $125.1 million, with a GAAP net loss of $(12.1) million or $(0.26) per share, but a non-GAAP net income of $0.6 million or $0.01 per share. The company increased its AI-driven compute addressable market estimate to ~$750 million and raised its FY26 high-performance computing revenue outlook to ~$80-100 million. For Q2 2026, Cohu expects sales to be in the range of $144 million +/- $7 million.
Key Highlights
- Q1 2026 net sales were $125.1 million, with approximately 60% recurring.
- Q1 2026 GAAP net loss was $(12.1) million, or $(0.26) per share.
- Q1 2026 non-GAAP net income was $0.6 million, or $0.01 per share.
- Gross margin was 46.3%; non-GAAP gross margin was 46.5%.
- AI-driven compute addressable market estimate increased to ~$750 million.
- FY26 high-performance computing revenue outlook raised to ~$80-100 million.
- Q2 2026 sales expected to be in the range of $144 million +/- $7 million.
- Total cash and investments at quarter-end were $488.7 million.