LightPath Technologies Q4 revenue beats estimates on acquisitions

LightPath Technologies

10/09/2026 21:17

Overview
U.S. optics and imaging systems provider's fiscal Q4 revenue rose 73%, beating analyst expectations
Net loss for fiscal Q4 narrowed to $4.1 mln from $7.1 mln a year earlier

Outlook
LightPath expects continued strong demand as defense customers shift away from China-controlled Germanium
Company plans to expand glass melting and assembly capacity in the U.S. and Latvia to meet projected demand
LightPath cites a record $110.9 mln backlog, with $85.6 mln scheduled for delivery within 12 months

Result Drivers
PRODUCT MIX SHIFT - Higher-margin assemblies, modules, and camera systems made up a larger share of revenue, boosting gross margin
ACQUISITIONS - Revenue growth in infrared components was driven by contributions from Amorphous Materials Inc. (AML), acquired in January 2026, and higher shipments to defense and industrial customers
DEFENSE DEMAND - Increased sales to U.S. defense customers and distributors supported growth in visible components and assemblies

Company press release: ID:nACSlNqp0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$21.2 mln
$20.61 mln (5 Analysts)
Q4 Loss Per Share
 
$0.06
 
Q4 Net Loss
 
$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 $15.40, about 51.9% above its September 9 closing price of $10.14

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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.)