CPS Technologies Q2 posts operating loss on higher SG&A expenses

CPS Technologies

04/08/2026 21:55

Overview
US advanced materials maker's fiscal Q2 revenue rose 2% yr/yr to $8.3 mln
Company posted operating loss for Q2 as SG&A expenses increased yr/yr
Company raised $9.6 mln in secondary offering to fund growth and facility move

Outlook
CPS plans to move to new manufacturing facility in coming quarters
Company expects expanding opportunities in defense, space, energy, and commercial markets

Result Drivers
PRODUCT DEMAND - Co said increased Q2 revenue reflected strong overall product demand
HIGHER SG&A - Co attributed operating loss to a $0.3 mln yr/yr increase in selling, general, and administrative expenses

Company press release: ID:nGNX8ZYfDt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$8.30 mln
$8.20 mln (1 Analyst)
Q2 Gross Margin
 
14.80%
 
Q2 Gross Profit
 
$1.22 mln
 
Q2 Operating Income
 
-$200,000
 

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 $5.50, about 34.8% above its August 3 closing price of $4.08
The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 39 three months ago

Reuters Recommended Reads
Aug 3 - BWX Technologies Q2 revenue growth slightly misses estimates
Aug 4 - Kratos Defense Q2 revenue jumps 30.5%, raises 2026 outlook 
Aug 4 - Lockheed seeks U.S. mineral supplies after Trump supply-chain push, sources say

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.)