Cohu (COHU) Q2 FY26 earnings call

Cohu delivered a robust Q2 FY26, driven by significant traction in high-performance computing and a recovering core business, with test utilization reaching 80%. The company raised its full-year HPC revenue outlook and is actively expanding manufacturing capacity to meet growing demand, particularly for AI processors and HBM inspection. While the automotive segment remains soft, Cohu is focused on leveraging its thermal technology differentiation and expanding software analytics to capitalize on durable AI infrastructure and edge computing trends.