Quarterly ResultAug 10, 2026, 04:12 PM
Kopin Q2 2026 Revenue +51% to $12.7M; Net Income $0.9M
AI Summary
Kopin Corporation reported a 51% increase in total revenues to $12.7 million for the second quarter ended June 27, 2026, achieving a net income of $0.9 million compared to a net loss in the prior year. The company announced significant progress in its U.S. Army MicroLED program, securing multiple prototype orders for Sentinel FPV™, and opening a new Optics & Photonics Design Center in Dallas. Management anticipates a strong second half of 2026 and expects meaningful progress towards GAAP profitability in the fourth quarter.
Key Highlights
- Total Revenues increased 51% to $12.7 million in Q2 2026.
- Net income was $0.9 million ($0.00 EPS) in Q2 2026, compared to a $5.2 million net loss ($0.03 EPS) in Q2 2025.
- Non-Product revenues surged 433% to $5.1 million, driven by government grants and collaborations.
- Achieved 150,000+ nit full-color brightness in U.S. Army MicroLED program.
- Secured multiple prototype orders for Sentinel FPV™ from U.S. Government's Drone Dominance Program.
- Opened a new Optics & Photonics Design Center in Dallas for Neural I/o™ AI infrastructure.
- Cash and cash equivalents stood at $24.3 million, with total cash, restricted cash, and marketable securities at $50.3 million.
Price Impact
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