One Stop Systems beats Q1 revenue estimates

One Stop Systems

06/05/2026 13:09

Overview

US rugged compute provider's Q1 revenue rose 55% yr/yr, beating analyst expectations

Company posted non-GAAP net income after a loss last year; gross margin improved to 51.6%

Q1 bookings nearly $15 mln, with book-to-bill ratio of 1.8x supporting growth outlook

Outlook

Company expects 2026 revenue growth of 20% to 25%

Company sees 2026 gross margin of approximately 40%

Company anticipates positive EBITDA and adjusted EBITDA for 2026

Result Drivers

DEFENSE AND MEDICAL SALES - Higher sales to a defense prime customer for data storage and prototype compute systems, and to a medical imaging OEM for liquid-cooled servers drove revenue growth

MARGIN IMPROVEMENT - Gross margin rose due to a more profitable mix, engineering efficiencies in customer-funded programs, and improved manufacturing absorption from higher production volume

BOOKINGS MOMENTUM - Nearly $15 mln in Q1 bookings and a book-to-bill ratio of 1.8x reflected increased demand and customer engagement

Company press release: ID:nGNX1RKvqs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$8.10 mln
$7 mln (3 Analysts)
Q1 Gross Margin
51.60%
Q1 Operating Expenses
$4.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy"

Wall Street's median 12-month price target for One Stop Systems Inc is $13.00, about 33.1% above its May 5 closing price of $9.77

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.)