PXLW earnings analysis
What we found in PXLW'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
Pixelworks’ Q2 2026 results were materially weak: revenue was $64,000 versus $8 million a year earlier and $300,000 expected, while diluted EPS was $(0.44) versus $(1.27) a year earlier and $(0.22) expected. Although the per-share loss improved year over year and the company repurchased 464,000 shares for $3.192 million, the filing provides no quantitative guidance and identifies no material changes to the existing risk factors. Overall, the severe revenue contraction and earnings miss support a bearish assessment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue remained sharply depressed
- Q2 revenue was $64,000, versus $8 million in Q2 2025. Revenue also fell short of the $300,000 estimate by $236,000.
- EPS improved year over year
- Diluted EPS was $(0.44), compared with $(1.27) in Q2 2025, an improvement of $0.83 per share year over year but a $0.22 miss versus the $(0.22) estimate.
- Share repurchase program executed
- The company repurchased 464,000 shares during the quarter for an aggregate purchase price of $3.192 million, leaving $1.809 million available under the plan at June 30, 2026.
- Disclosure controls remained effective
- Management concluded that disclosure controls and procedures were effective at the reasonable-assurance level as of the end of the reporting period.
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.
- Severe revenue contraction
- Q2 revenue of $64,000 was down $7.936 million from $8 million in Q2 2025, indicating substantial ongoing pressure on the company’s revenue base.
- Quarterly loss exceeded expectations
- Diluted EPS was $(0.44), which missed the $(0.22) estimate by $(0.22) per share and indicates continued losses despite the year-over-year improvement from $(1.27).
- No change to existing risk factors
- The filing states that there were no material changes to the risk factors in the December 31, 2025 Form 10-K filed on March 12, 2026; therefore, the existing risk profile remains applicable without a newly disclosed mitigation.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.44
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the 10-Q. Management outlook was not quantified in the provided filing text.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 14, 2026
- Pixelworks reported Q1 2026 revenue of $446,000, significantly exceeding estimates of $200,000, but faced a substantial EPS loss of -$0.72, worse than the -$0.16 expected. The company also recorded a notable…
- 10-K · March 12, 2026
- Pixelworks completed the sale of its Shanghai semiconductor subsidiary (PWSH) for approximately RMB 357 million (approximately $51.0 million) and has pivoted from semiconductor IC products to a focused cinematic…
- 10-Q · November 12, 2025
- Pixelworks reported Q3 revenue of $8,771 (amounts in thousands) and a GAAP net loss per share of $(0.81). Operating loss narrowed to $(5,622) from $(8,632) in the year-ago quarter, while gross profit declined to $4,371…
- 10-Q · August 13, 2025
- Pixelworks reported quarterly revenue of $8,250 (amounts in thousands) and a GAAP loss per share of $(1.27) for the three months ended June 30, 2025. Operating loss narrowed to $(7,301) from $(10,742) year-over-year…
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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