Sono-Tek misses Q3 revenue expectations, reiterates FY 2026 guidance
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Sono-Tek reported a 4% year-over-year decline in Q3 revenue, missing analyst expectations with $5 million against a consensus of $5.24 million. Despite this, the company achieved a gross margin of 50% and a record backlog of $12.3 million. Sono-Tek reiterated its FY 2026 guidance, expecting modest revenue growth driven by demand in the medical device market, while facing challenges from clean energy declines and evolving tariff policies. Analysts maintain a "buy" rating, with a median 12-month price target of $7.75, reflecting a potential upside from its current price of $4.18.
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