Cohu

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus expectations across all major metrics: revenue reached $149.0M vs. $144.1M expected, while gross margin outperformed at 45.4% vs. the 44.0% mean. GAAP loss per share narrowed to essentially break-even ($0.00) compared to an anticipated loss of $0.12, driven by robust AI-infrastructure demand and a recovery in industrial semiconductor test cell utilization. Management's strategic restructuring and a favorable system mix provided strong operating leverage during the period.