LightPath Technologies beats Q2 revenue estimates

LightPath Technologies

11/02/2026 21:12

Overview

Optics provider's fiscal Q2 revenue rose 120%, beating analyst expectations

Company reported a net loss due to acquisition liabilities adjustment

Adjusted EBITDA improved significantly from the previous year

Outlook

LightPath expects to grow its $97.8 mln order backlog in 2026

Company plans to scale deliveries and convert customer pipeline into orders

LightPath aims to expand BlackDiamond glass use in defense markets

Result Drivers

STRONG ORDERS - Revenue growth driven by strong orders, including a $9.6 mln purchase order for cooled IR cameras from a defense customer

G5 ACQUISITION - G5 acquisition contributed to revenue growth through sales of cameras and modules

PRODUCT MIX - Improved gross margins due to a favorable product mix and resolution of manufacturing issues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$16.40 mln
$14.96 mln (5 Analysts)
Q2 EPS
-$0.20
Q2 Net Income
-$9.40 mln


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 office equipment peer group is "buy"

Wall Street's median 12-month price target for LightPath Technologies Inc is $14.00, about 27.2% above its February 10 closing price of $11.01

Press Release: ID:nPn5zzcz6a

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.)