LightPath Technologies Q3 revenue more than doubles, tops estimates

LightPath Technologies

07/05/2026 21:44

Overview

U.S. optics and imaging systems provider's fiscal Q3 revenue rose 109%, beating analyst expectations

Adjusted EBITDA turned positive, driven by higher gross profit and increased sales

Company ended Q3 with record $110.6 mln backlog after Amorphous Materials acquisition

Outlook

LightPath targets annual revenue exceeding $300 mln within five years

Company expects to complete G5 cooled infrared camera redesign by end of summer 2026

Company sees strong demand reflected in record $110.6 mln order backlog

Result Drivers

ASSEMBLIES & MODULES GROWTH - Revenue growth was led by a 355% increase in assemblies and modules sales, which also contributed to higher gross margins

RECORD ORDER BACKLOG - Co ended Q3 with a record $110.6 mln backlog, reflecting growing demand for infrared cameras, assemblies, and BlackDiamond-based optical solutions

ACQUISITION IMPACT - Acquisition of Amorphous Materials expanded manufacturing capacity and infrared glass portfolio

Company press release: ID:nPncbG86Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$19.1 mln
$17.04 mln (5 Analysts)
Q3 EPS
-$0.07
Q3 Net Income
-$4.1 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 household electronics peer group is "buy"

Wall Street's median 12-month price target for LightPath Technologies Inc is $15.00, about 16.6% above its May 6 closing price of $12.87

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.)