908 Devices Q3 revenue growth beats estimates; hikes forecast
MASS•908 Devices’ third-quarter revenue rose 35% year over year to $19 million, beating the $18.3 million estimate, while net loss narrowed to $4.6 million. The company raised the low end of its 2026 revenue outlook to $68.5 million, from $68 million.
1. Quarterly results
908 Devices reported third-quarter revenue of $19 million, up 35% year over year and above the $18.3 million analyst estimate. Net loss narrowed to $4.6 million, compared with the $7.33 million estimate, and loss per share was $0.11.
2. 2026 outlook
The company raised its 2026 revenue outlook to $68.5 million to $70 million, from $68 million to $70 million. It said healthy customer funding was supporting demand as year-end approaches.
3. Revenue drivers
Growth was driven by increased product revenue for FTIR devices and the addition of NIRLab revenue, including shipments of about 100 NIRLab devices. Recurring revenue was 27% of total third-quarter revenue, while the installed base grew 26% year over year.
