Key Highlights

● Cohu reports third-quarter results on 28 October and hosts an Investor Day on 10 November.

● Second-quarter revenue was $149.0 million, up 38% year on year.

● Cohu guided third-quarter net sales to $170 million, plus or minus $7 million.

● Cash and investments were $498.2 million, and no shares were repurchased in the quarter.

Latest verified development

Cohu, Inc. (NASDAQ:COHU) announced on 14 October 2026 that it will report third-quarter results on Wednesday 28 October, with the release at 1:00 p.m. Pacific time and a conference call and webcast at 1:30 p.m. Pacific. A week earlier, on 8 October, the company said it will host an Investor Day on 10 November 2026 in New York City, from 9:00 a.m. to 12:00 p.m. Eastern.

The Investor Day agenda covers strategy, growth platforms, financial targets and capital priorities, and AMD (NASDAQ:AMD), described as one of Cohu's largest customers, will deliver a keynote. In-person attendance is by invitation only, with a webcast to follow.

The AMD keynote is notable because the company's own release links the AI compute theme to customer momentum.

Latest reported results

The latest results, released on 30 July 2026, covered the second quarter. Revenue was $149.0 million, up 38% year on year. GAAP results were essentially breakeven, a loss of $0.2 million or $0.00 per share, while non-GAAP income was $14.1 million, or $0.26 per share. Gross margin was 45.4% on a GAAP basis and 45.5% non-GAAP.

Chief executive Luis Müller said customer momentum in AI compute is accelerating. The gap between breakeven GAAP earnings and $0.26 of non-GAAP earnings reflects items excluded from adjusted figures, which the company's reconciliation sets out.

Working back from the reported growth rate, revenue a year earlier was roughly $108 million, so quarterly sales rose by about $41 million.

Cash and guidance

Cash and investments were $498.2 million at quarter-end, and the company repurchased no shares during the quarter. For the third quarter, Cohu guided net sales of $170 million, plus or minus $7 million. At the midpoint, that is about 14% above the second-quarter figure.

The width of the range, $14 million from low to high, is modest relative to the total. With no repurchases and cash of nearly $500 million, the balance sheet is a notable feature, and the Investor Day agenda includes a session on capital priorities.

Cohu third-quarter sales against the guided range

The guidance spans $163 million to $177 million, against second-quarter sales of $149.0 million, and the 28 October release will show whether Cohu landed inside it with gross margin near the 45% of the prior quarter.