Cohu Stock Surges on AI Demand

Cohu Inc. (NASDAQ:COHU) has experienced remarkable stock performance, more than doubling since the start of 2026 and tripling over the past 12 months. The company reported robust Q1 2026 results on April 30, with revenue reaching $125.1 million, up from $96.8 million in the prior year. This increase was bolstered by demand for AI and high-performance computing.

Cohu's Q1 financial performance showed a narrowing GAAP net loss and a swing to a non-GAAP net income of $0.01 per share. The company's CEO expressed optimism for continued growth, leading management to raise the fiscal 2026 outlook. They now anticipate high-performance computing revenue between $80 million and $100 million for the full year.

Further highlighting the AI trend, Cohu increased its estimate for the AI-driven compute addressable market to approximately $750 million. The company, a provider of back-end semiconductor equipment and services, offers automated test equipment, inspection, and metrology solutions, along with software analytics to enhance manufacturing yield. For Q2 2026, Cohu expects revenue of around $144 million.