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

By Reuters News


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:


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


Reuters Recommended Reads

  • Oct 27 - Netherlands' ASM International Q3 revenue jumps on strong growth in memory sales

  • Oct 27 - Netherlands' NXP Semiconductors Q3 revenue rises 19%, slightly beats estimates

  • Oct 27 - Seagate Technology Q1 revenue and adjusted EPS beat estimates


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.)

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