Data I/O Q1 revenue falls 47% on lower bookings

Data I/O

14/05/2026 21:33

Overview

US device programming solutions provider's Q1 revenue declined yr/yr amid lower sequential bookings and backlog

Company posted wider net loss, impacted by one-time restructuring and technology expenses

Data I/O announced $23 mln acquisition and $9 mln direct investment to accelerate strategic growth

Outlook

Company sees Q2 2026 revenue of $5.0-5.4 mln, up at least 20% sequentially

Company expects organic revenue growth for 2026 over 2025

Operational optimizations and new recurring revenues expected to improve gross margins in 2026

Result Drivers

AUTOMOTIVE DEMAND WEAKNESS - Co said lower Q1 revenue was due to reduced demand for capital equipment in automotive electronics, as customers realigned technology spending and reassessed EV manufacturing capacity

RECURRING REVENUE BASE - Consumable adapters and services made up 81% of Q1 revenue, providing a stable base despite overall sales decline

RESTRUCTURING COSTS - Q1 results included one-time expenses from operational restructuring in Germany and technology platform investments

Company press release: ID:nGNX1brV2x

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$3.25 mln
$4.23 mln (2 Analysts)
Q1 EPS
-$0.34
Q1 Net Income
-$3.17 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy."

Wall Street's median 12-month price target for Data I/O Corp is $5.22, about 88.4% above its May 13 closing price of $2.77

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.)