Cohu Q3 sales, profit beat analyst estimates on demand for Eclipse thermal solutions

Cohu

28/10/2026 20:08

Overview
Semiconductor test equipment maker's Q3 net sales rose 37% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company cites demand for Eclipse thermal solutions and recurring revenue growth as key drivers

Outlook
Cohu expects Q4 2026 sales of $178 mln +/- $7 mln, up 46% year-over-year
Company raises FY 2026 high-performance computing revenue outlook to about $120 mln
Cohu plans to expand manufacturing capacity to support potential customer production ramps in 2027

Result Drivers
ECLIPSE THERMAL SOLUTIONS - Co said increased demand for Eclipse thermal solutions drove systems sales
RECURRING REVENUE - Co said growth in services, consumables and software contributed to stable recurring revenue
HIGHER UTILIZATION - Co said test cell utilization increased sequentially to 82%

Company press release: ID:nBw3yxlmKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$173 mln
$164.56 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$0.43
$0.34 (8 Analysts)
Q3 EPS
 
$0.22
 
Q3 Net Income
 
$12.10 mln
 
Q3 Operating Income
 
$12.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for Cohu, Inc. is $70.00, about 37.3% above its October 27 closing price of $50.98
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 72 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)