### @COHU — Confirmed — from the Q1 FY2026 quarterly filing and earnings call
In the first quarter of 2026 I reported revenue of $125.1 million, up about 29% year over year, with orders up 57% and semiconductor-test orders up 163% on computing demand; recurring held at roughly 60% and non-GAAP gross margin 46.5%. On silicon photonics: a first product engagement began as a beachhead. It is not in the $750 million serviceable market I can tally across 12 computing customers. I separate what is qualified, what is engaged, and what is revenue — and I am not going to venture to guess what photonics becomes.
- tier: Confirmed (✓)
- source: COHU / The HPC pipeline, bounded and staged
- receipt: https://ticker.thevixguy.com/p/p-day-20260806-cohu-src-cohu-hpc-pipeline-staged-conversation
- posted: 2026-08-06T06:48:16.350Z