10-Q · May 11, 2026
LGL Group reported Q1 2026 revenues of $1,085,000, an 18.2% increase from $918,000 in Q1 2025, but experienced a significant net loss of $622,000, a deterioration from last year's loss of just $6,000. The company also…
Earnings analysis · 10-Q
LGL earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Q2 revenue increased 24.8% year over year to $1.153 million, led by Electronic Instruments, and backlog rose to $3.628 million. However, gross margin fell to 49.2% from 57.0% and diluted EPS deteriorated to a $0.06 loss…
Read full summary
Q2 revenue increased 24.8% year over year to $1.153 million, led by Electronic Instruments, and backlog rose to $3.628 million. However, gross margin fell to 49.2% from 57.0% and diluted EPS deteriorated to a $0.06 loss from a $0.01 loss. The 10-Q adds material risks related to the $850 Skyline investment and the 6,550,435-right offering priced at $6.90 per share, while providing no quantitative forward guidance.
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
- $-0.06
- Gross margin
- 49.2%
- Segment
- Electronic Instruments: identified as the primary driver of Q2 revenue growth; segment revenue was not disclosed in the provided filing text.
What stood out
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Revenue grew 24.8% year over year
Second-quarter revenue increased 24.8% year over year to $1.153 million, versus $491,000 in Q2 2025, with Electronic Instruments identified as the primary growth driver.
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Backlog expanded to $3.628 million
Backlog increased to $3.628 million, indicating stronger contracted demand entering subsequent periods.
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Disclosure controls remained effective
Management reported that disclosure controls and procedures were effective as of June 30, 2026, and that there were no material changes in internal control during the quarter ended June 30, 2026.
What to watch
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Gross margin compressed 7.8 points
Gross margin declined to 49.2% from 57.0% in Q2 2025, a 7.8 percentage-point deterioration, indicating reduced profitability on the higher revenue base.
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Loss per share widened
Diluted EPS worsened to a $0.06 loss from a $0.01 loss in Q2 2025, despite revenue growth of 24.8%.
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Skyline investment carries loss risk
The Company invested $850 in Skyline Instruments in May 2026 through the Skyline SPV. Because Skyline is an early-stage, unprofitable company, LGL stated that it could lose some or all of the carrying amount of this investment.
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Rights offering diluted nonparticipants
LGL distributed 6,550,435 subscription rights at a subscription price of $6.90 per share. Stockholders who did not fully exercise or use their rights experienced reduced proportionate ownership and voting interests.
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Proceeds deployment is discretionary
LGL stated that management has broad discretion over the use of the rights-offering proceeds and may apply them in ways that do not improve results or shareholder value; the filing does not disclose the proceeds amount in the provided text.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q; the filing does not state that prior guidance was raised, maintained, lowered, or withdrawn.
Earlier filings 4
10-K · March 30, 2026
LGL Group reported consolidated net sales of $2,453,000 in 2025 (in thousands reported as $2,453) with international sales of $897 (36.6%) and an order backlog of $625 as of December 31, 2025. The company holds strong…
10-Q · November 13, 2024
LGL reported total revenues of $1,179,000 and diluted EPS of $0.01 for the three months ended September 30, 2024. Net sales (manufacturing) rose to $650,000 while consolidated income before income taxes declined to…
10-K · April 1, 2024
LGL describes a holdco strategy focused on growing its Electronic Instruments operations (PTF) and opportunistic Merchant Investment activities, emphasizing niche timing products (including PTP and <10 ns UTC sync) and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.