Pixelworks posts Q1 net income after Shanghai unit sale; sets $5 mln stock repurchase

Pixelworks

14/05/2026 21:20

Overview

US cinematic visualization firm's Q1 revenue was $446,000 after Shanghai unit sale

Net income for Q1 was $80.6 mln, reflecting discontinued operations gain

Company authorized $5 mln stock repurchase program and completed restructuring

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

SHANGHAI SUBSIDIARY SALE - Q1 results reflect sale of Shanghai semiconductor unit, with contribution to operating results described as immaterial

RESTRUCTURING & FOCUS SHIFT - Company completed restructuring and refocused on global technology licensing business

TRUECUT MOTION PROJECTS - Completed most technically challenging motion grading project to-date and expanded endorsements for TrueCut Motion platform

Company press release: ID:nPn9fkhqCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$446,000
$200,000 (1 Analyst)
Q1 Net Income
$80.58 mln
Q1 Income from Operations
-$4.91 mln
Q1 Operating Expenses
$5.16 mln
Q1 Pretax Profit
-$4.59 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Pixelworks Inc is $10.00, about 67.5% above its May 13 closing price of $5.97

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.)