Quarterly ResultMay 14, 2026, 05:12 PM
Pixelworks Q1 Net Income $80.6M; Completes Restructuring, Refocuses
AI Summary
Pixelworks, Inc. announced its first quarter 2026 financial results, reporting a net income attributable to the company of $80.6 million, largely driven by the completed sale of its Shanghai semiconductor subsidiary in January 2026. The company has completed its restructuring and streamlining operations, repositioning itself as a global technology licensing business. Pixelworks ended the quarter with approximately $58 million in cash and no debt, and its Board of Directors authorized a new $5 million stock repurchase program.
Key Highlights
- Net income attributable to Pixelworks, Inc. was $80.6 million for Q1 2026, primarily from discontinued operations.
- Completed the sale of Pixelworks Shanghai semiconductor subsidiary in January 2026.
- Revenue from continuing operations was $446 thousand for Q1 2026.
- Ended Q1 2026 with cash and cash equivalents of approximately $58 million and no debt.
- Board of Directors authorized a new $5 million stock repurchase program.
- Total operating expenses were $5.2 million, including $2.0 million in restructuring costs.
- Gross profit was $253 thousand, or 56.7% of revenue.