CVD Equipment Q2 revenue falls 43% on lower system bookings

CVD Equipment

12/08/2026 21:09

Overview
US process equipment maker's Q2 revenue from continuing ops fell 43% yr/yr
Company completed SDC division sale, reporting $13.9 mln gain from discontinued ops
Q2 net loss from continuing ops widened slightly; restructuring expected to cut fixed costs

Outlook
Company says customer order levels remain adversely affected by economic and geopolitical uncertainty
Company is evaluating potential impact of customer bankruptcy on backlog and financial results
Company focused on disciplined capital allocation and expense control

Result Drivers
DIVESTITURE GAIN - Q2 results included a $13.9 mln gain from the sale of the SDC division
LOWER SYSTEM BOOKINGS - Revenue decline was due to lower system bookings during 2025 and early 2026
MIX SHIFT - Gross margin increased due to a higher proportion of non-system revenues

Company press release: ID:nBw6MKFC7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.95 mln
 
Q2 Net Income
 
$12.57 mln
 
Q2 Gross Profit
 
$329,000
 
Q2 Operating Expenses
 
$1.89 mln
 

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(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.)