Cohu, Inc. Q1 2026 Earnings Release

Cohu, Inc. reported its first fiscal quarter results for the period ending March 28, 2026. Net sales for the quarter were $125.1 million, with approximately 60% being recurring revenue. The company reported a GAAP loss of $12.1 million, or $0.26 per share, and a non-GAAP income of $0.6 million, or $0.01 per share. The gross margin was 46.3%, with a non-GAAP gross margin of 46.5%. Cohu is increasing its AI-driven compute addressable market estimate to approximately $750 million and raising its FY26 high-performance computing revenue outlook to $80-100 million. Total cash and investments at the end of the quarter were $488.7 million. The company expects second quarter 2026 sales to be in the range of $144 million +/- $7 million.