10-Q · May 5, 2026
CPS Technologies reported Q1 2026 revenues of $7.03 million, down 6% from $7.51 million in Q1 2025, primarily due to reduced demand from a key customer. The net loss was $0.294 million, compared to a net income of…
Earnings analysis · 10-Q
CPSH earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
CPS Technologies’ Q2 2026 revenue improved to $8.309 million from $7 million in Q1 2026 and exceeded the $8.24 million estimate, but diluted EPS of $0.00 missed the $0.01 estimate and declined year over year from $0.01.…
Read full summary
CPS Technologies’ Q2 2026 revenue improved to $8.309 million from $7 million in Q1 2026 and exceeded the $8.24 million estimate, but diluted EPS of $0.00 missed the $0.01 estimate and declined year over year from $0.01. The filing provides no current-quarter margin, cash-flow, balance-sheet, segment, or quantitative guidance data in the supplied text. Management highlighted partial recovery of cost inflation through customer pricing, while warning that future inflation and tariffs may not be fully recoverable.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.0
What stood out
-
Revenue Rebounded Sequentially
Q2 2026 revenue was $8.309 million, up from $7 million in Q1 2026 and approximately 3.9% above $8 million in Q2 2025. Revenue also exceeded the $8.24 million estimate by $69,000, or 0.84%.
-
EPS Recovered but Missed Estimate
Reported diluted EPS was $0.00 versus negative $0.02 in Q1 2026, but declined from $0.01 in Q2 2025 and missed the $0.01 estimate.
-
Most Cost Inflation Passed Through
Management stated that CPS has been able to pass on most commodity-cost increases to customers as it receives new orders, while raw materials represent a smaller portion of overall costs.
-
Controls Remained Effective
Disclosure controls and procedures were deemed effective as of the evaluation date, and management reported no change in internal control over financial reporting that materially affected, or was reasonably likely to materially affect, controls during the quarter.
What to watch
-
Profitability Remains Weak
Diluted EPS was $0.00 in Q2 2026, down from $0.01 in Q2 2025 and below the $0.01 estimate, indicating continued pressure on quarterly profitability despite the sequential improvement from negative $0.02 in Q1 2026.
-
Inflation and Tariff Exposure
Management reported price increases in commodity raw materials such as aluminum and other operating costs, and stated that the ability to offset higher costs through customer price increases cannot be guaranteed if inflation continues or new tariffs are imposed.
-
No New Risk-Factor Changes
The filing states that there were no material changes to the risk factors discussed in the 2025 Form 10-K, so no newly identified risk-factor change was disclosed in this quarter.
Management's outlook
No quantitative revenue or EPS guidance was provided in the filing; the 10-Q does not establish a new outlook.
Earlier filings 4
10-K · March 3, 2026
CPS Technologies returned to profitability in 2025 with total revenue of $32.6 million, a 54% increase versus 2024, and net income of $420,354 (diluted EPS $0.03). Gross profit improved to $5.3 million (16% of sales)…
10-Q · October 31, 2025
CPS Technologies reported record Q3 2025 revenue of $8,804 (thousands) — $8,804,000 —, a 107% increase vs. Q3 2024, driving a return to profitability with Q3 net income of $208 (thousands) and operating income of $276…
10-Q · August 1, 2025
CPS Technologies reported significant growth in Q2 2025, achieving revenue of $8,079,000, a 61% increase from $5,030,000 in Q2 2024. The company managed to improve its gross margin to 17% and posted a net income of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.