CPS Technologies Q1 revenue falls

CPS Technologies

04/05/2026 21:09

Overview

US advanced materials maker's fiscal Q1 revenue fell 7% yr/yr due to order timing

Gross margin dropped to 8.6% from 16.4% as lower revenue impacted fixed costs

Company booked $4 mln hermetic packaging order after quarter end, with shipments in Q2

Outlook

Company expects revenue growth in future quarters

CPS anticipates improved gross margins as inventory levels normalize and revenue increases

Company to begin shipping $4 mln hermetic packaging order in Q2

Result Drivers

ORDER TIMING - Co said lower Q1 revenue was primarily due to timing of customer orders

INVENTORY BUILD - Co said margins were negatively impacted by cost accounting related to adding over $1.5 mln to inventory

FIXED COST IMPACT - Co said lower revenue increased the negative impact of fixed costs on gross margin

Company press release: ID:nGNXV3HdP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$7 mln
$8.60 mln (1 Analyst)
Q1 EPS
-$0.02
Q1 Net Income
-$300,000
Q1 Gross Margin
8.60%
Q1 Gross Profit
$600,000


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for CPS Technologies Corp is $6.00, about 20.7% above its May 1 closing price of $4.97

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 53 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)