COHU · PEAD ↑ 100

Cohu reported Q2 2026 EPS of $0.13 on 2026-07-30, beating the $0.04 consensus by $0.09 (+225%).

Print-day reaction was +18.1% versus the prior close, a sharp gap-and-hold move that took COHU well above its pre-earnings range. The overnight gap from the T+0 close to the T+1 open added a further +24.2%, signalling sustained buying interest after hours rather than a fade. Over the following two trading sessions the stock drifted an additional +10.1%, confirming that sellers did not materially absorb the move. Cumulative abnormal return of +28.6% versus SPY.US over the three-day window firmly clears the PEAD long threshold; the documented drift pattern is held through 2026-10-27.