CPSH earnings analysis
What we found in CPSH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.0
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the filing; the 10-Q does not establish a new outlook.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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