Kopin Q4 revenue misses estimates on government shutdown-related delays

Kopin

27/03/2026 12:11

Overview

U.S. optical systems provider's preliminary Q4 revenue fell 42% yr/yr, missing analyst expectations

Quarterly revenue decline attributed to government shutdown-related procurement delays

Company completed $56 mln capital raise to support near-term growth

Outlook

Company anticipates continued impact from government shutdown into Q1 2026

Kopin says product order flow has returned to anticipated levels and European orders exceeded forecast

Company expects new products in new markets to be announced in 2026

Result Drivers

GOVERNMENT SHUTDOWN - Co said Q4 revenue decline was primarily due to government shutdown-related procurement delays impacting product orders and shipments for U.S. defense applications

DEFENSE ORDER DELAYS - Product revenue drop driven by lower orders and shipments for U.S. defense applications and seasonally weak training and simulation demand

MICROLED PROGRAM - Non-product revenue rose, mainly due to IBAS color MicroLED development program, though some awards were delayed

Company press release: ID:nBwb5pQQXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$8.40 mln
$10.95 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $4.75, about 146.8% above its March 26 closing price of $1.93

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.)