CVD Equipment Q2 FY26 swings to net income of $12.6 million; revenue drops 42.6% to $2 million
CVV•Revenue declines as margins improve
Revenue fell 42.6% to $2 million, while gross margin widened 2.7 percentage points to 16.8%.
Orders slipped to $1.2 million; backlog eased to $3.9 million at June 30, 2026.
Cash position strengthens after sale
Cash climbed to about $23.5 million with no long-term debt after the $17.4 million SDC sale, and management cited improved flexibility.
Q2 results driven by SDC divestiture gain
CVD Equipment posted net income of $12.6 million, driven by a $13.9 million gain on the SDC divestiture.
Continuing operations recorded a net loss of $1.4 million, or $0.20 per share, versus a $1.3 million loss.
