Kopin Q2 revenue rises 51% on government grants, higher defense sales

Kopin

10/08/2026 21:16

Overview
U.S. microdisplay maker's preliminary Q2 revenue rose 51%, beating analyst expectations
Q2 adjusted EPS beat analyst expectations, with net income turning positive yr/yr
Revenue growth driven by government grants, collaborations, and higher defense-related R&D revenue

Outlook
Kopin expects volume orders for Sentinel FPV drones to begin in late August 2026
Company anticipates significant growth in the drone market and negotiating large production orders for 2027
Kopin expects to make meaningful progress toward sustainable GAAP profitability in Q4 2026

Result Drivers
GOVERNMENT GRANTS - Grant revenue from U.S. Army MicroLED program and related government awards drove non-product revenue growth
DEFENSE SALES - Higher defense product revenue from thermal weapon sight applications and liquid crystal displays offset lower industrial sales
COLLABORATIVE AGREEMENTS - Collaboration revenue from Fabric.AI and strategic AR/thermal partnerships contributed to non-product revenue

Company press release: ID:nBw1TP4wna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$12.70 mln
$12.43 mln (6 Analysts)
Q2 EPS
Beat
$0
-$0.01 (6 Analysts)
Q2 Net Income
Beat
$900,000
-$2.49 mln (6 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Kopin Corp is $6.50, about 52.2% above its August 7 closing price of $4.27

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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.)