Quarterly ResultMay 5, 2026, 04:22 PM
FST Corp. Q1 Net Income $1.88M, Revenue +36.15% to $14.64M
AI Summary
FST Corp. reported a significant turnaround in its first quarter of 2026, achieving a net income of $1.88 million compared to a net loss of $2.80 million in the prior-year period. Revenue increased by 36.15% to $14.64 million, driven by a 70% surge in OEM business and a 64% rise in KBS Graphite Shafts sales. The company also improved its gross profit margin to 52% and achieved an operating income of $2.18 million.
Key Highlights
- Net income was $1.88 million for Q1 2026, a $4.68 million improvement from a $2.80 million loss in Q1 2025.
- Revenue increased by 36.15% to $14.64 million in Q1 2026 from $10.76 million in Q1 2025.
- Gross profit rose to $7.56 million (52% margin) in Q1 2026 from $4.96 million (46% margin) in Q1 2025.
- Operating income reached $2.18 million in Q1 2026, reversing an operating loss of $0.84 million in Q1 2025.
- Basic and diluted EPS was $0.04 for Q1 2026, up from $(0.06) in Q1 2025.
- Cash and cash equivalents stood at $7.37 million as of March 31, 2026.
- Sales to OEM partners increased by 70%, and KBS Graphite Shafts sales grew by 64% year-over-year.