Quarterly ResultMay 12, 2026, 03:08 PM
Kopin Partners Fabric.AI for AI Interconnect; Q1 Revenue $10.6M
AI Summary
Kopin Corporation announced its first-quarter 2026 financial results and significant operational achievements. The company formed a strategic collaboration with Fabric.AI to develop Neural I/o™ optical interconnect technology for AI data centers, backed by a $15 million development order and a 19.9% equity stake. Total revenues for Q1 2026 were $10.6 million, flat year-over-year, with product revenues decreasing by 41% to $5.4 million, offset by a 292% increase in non-product revenues to $5.2 million. Kopin also secured new defense contracts totaling over $28 million and entered the FPV drone market with a $3.2 million initial order.
Key Highlights
- Strategic collaboration with Fabric.AI for Neural I/o™ optical interconnect technology.
- Secured $15 million initial development order and 19.9% equity stake in Fabric.AI.
- Q1 2026 total revenues $10.6 million, flat year-over-year.
- Product revenues decreased 41% to $5.4 million; non-product revenues rose 292% to $5.2 million.
- Awarded $21.5 million follow-on thermal imaging production contract.
- Entered FPV drone market with $3.2 million initial Sentinel FPV™ order.
- Cash and cash equivalents $34.1 million as of March 28, 2026.