CVD Equipment Q2 revenue falls 43% on lower system bookings
CVV•Quarterly results
CVD Equipment reported second-quarter revenue from continuing operations fell 43% year over year, as lower system bookings weighed on results.
The company completed the sale of its SDC division and reported a $13.9 million gain from discontinued operations.
Net loss from continuing operations widened slightly. The company said restructuring is expected to cut fixed costs.
Key quarterly figures
| Metric | Actual |
|---|---|
| Q2 Revenue | $1.95 mln |
| Q2 Net Income | $12.57 mln |
| Q2 Gross Profit | $329,000 |
| Q2 Operating Expenses | $1.89 mln |
Revenue and margin drivers
The revenue decline was due to lower system bookings during 2025 and early 2026.
Gross margin increased due to a higher proportion of non-system revenues.
Outlook and business conditions
The company said customer order levels remain adversely affected by economic and geopolitical uncertainty.
It is evaluating the potential impact of a customer bankruptcy on backlog and financial results.
CVD Equipment said it remains focused on disciplined capital allocation and expense control.
