COHU INC — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Cohu reported Q2 2026 net sales of $149.0M (up 38% YoY from $107.7M), with GAAP net loss of $0.2M ($0.00 per share) but non-GAAP net income of $14.1M ($0.26 per share). Test cell utilization improved to 80% sequentially by end-June. Management raised FY2026 AI compute opportunity pipeline estimate to approximately $850M and raised high-performance computing revenue guidance to $100M–$110M. Cash and investments stood at $498.2M; no share repurchases occurred in Q2. Q3 2026 sales guidance: $170M ± $7M.
Why this rating
Strong double-digit YoY growth (38%), improving margins (45.4% GAAP), and significant AI pipeline expansion ($850M) represent meaningful near-term tailwinds. At ~$879M market cap, $149M quarterly revenue and $850M pipeline are material. However, GAAP profitability remains thin and guidance is incremental not transformational.
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