| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.45 | 93.7% |
| Total Income | 0.45 | 93.7% |
| Expenditure | 5.36 | 64.7% |
| PBT | -4.59 | 42.5% |
| Net Profit | 80.58 | 1138.4% |
| OPM | — | |
| NPM | 100.00% | |
| EPS | 12.69 | 9861.5% |
Pixelworks Reports Q1 2026 Financial Results
15 May 2026 · 15 May, 2:41 am
Summary
Pixelworks announced its financial results for the first quarter ended March 31, 2026. The company reported revenue of approximately $450,000, entirely from the TrueCut Motion platform and related services. Gross profit was $253,000, representing 56.7% of revenue. Following the sale of its Shanghai-based subsidiary, Pixelworks completed restructuring actions, ending the quarter with $58 million in cash and no debt. The company is now focused on building a global technology licensing business.
Key Highlights
- 1
Pixelworks reported first quarter revenue of approximately $450,000, comprised entirely of revenue from the TrueCut Motion platform and related motion grading services.
- 2
The company ended the first quarter with a cash balance of $58 million and zero debt.
- 3
Gross profit for the first quarter of 2026 was $253,000, representing 56.7% of revenue.
- 4
The Board of Directors authorized a newly established stock repurchase program in the amount of $5 million.
- 5
Pixelworks completed restructuring and streamlining of operations, refocusing on the global technology licensing business.
- 6
The TrueCut Motion platform was used in the post-production of Billie Eilish: Hit Me Hard and Soft – The Tour Live in 3D.
Management Comments
Todd DeBonis
Following the closed sale of our Shanghai-based subsidiary in early January, we completed a series of planned restructuring actions to streamline our post-transaction organization and cost structure to align with our go-forward strategy and business model. Today, Pixelworks is a repositioned and focused company with the entire team now directly supporting our strategy of building a global technology licensing business. Underpinned by our proven TrueCut Motion platform as well as significant intellectual property and expertise in visual imaging, we aim to deliver a growing portfolio of highly differentiated cinematic and visualization enhancement solutions.
Haley Aman
As Todd previously discussed, on January 6, 2026, we completed the transaction to sell all equity interest and associated assets of our Pixelworks Shanghai semiconductor subsidiary business. The contribution from our previous Shanghai subsidiary to operating results for the first quarter of 2026, prior to the close of the sale, was determined to be immaterial. Therefore, the Company’s reported financial results contained in today’s press release do not include discontinued operations activity from the first several days of January 2026 before the sale closed.
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