--- title: "Kopin | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 12.7 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295444033.md" datetime: "2026-08-10T20:08:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295444033.md) - [en](https://longbridge.com/en/news/295444033.md) - [zh-HK](https://longbridge.com/zh-HK/news/295444033.md) --- # Kopin | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 12.7 M Revenue: As of FY2026 Q2, the actual value is USD 12.7 M, beating the estimate of USD 11.35 M. EPS: As of FY2026 Q2, the actual value is USD 0. EBIT: As of FY2026 Q2, the actual value is USD -1.6 M. ### Second Quarter 2026 Financial Summary #### Revenue - **Total Revenues**: Kopin Corporation reported total revenues of $12.7 million for Q2 2026, a 51% increase compared to $8.5 million in Q2 2025. - **Product Revenues**: Product revenues increased to $7.6 million in Q2 2026 from $7.5 million in Q2 2025, representing a 2% increase, driven by higher defense revenues from thermal weapon sight applications and liquid crystal displays, offset by lower industrial applications revenues. - **Non-Product Revenues**: Non-Product revenues were $5.1 million in Q2 2026, a 433% increase from $1.0 million in Q2 2025, primarily due to grant revenue from the U.S. Government MicroLED award, collaboration revenue from the Fabric.AI development program, and higher research and development revenue. #### Operational Metrics - **Cost of Product Revenues**: Cost of product revenues was $6.6 million, or 86% of net product revenues, in Q2 2026, down from $7.1 million, or 94% of net product revenues, in Q2 2025. - **Research and Development (R&D) Expenses**: R&D expenses were $4.5 million in Q2 2026, a 133% increase from $1.9 million in Q2 2025, mainly due to higher funded research and development costs for MicroLED displays. - **Selling, General and Administration (SG&A) Expenses**: SG&A expenses were $5.1 million in Q2 2026, compared to $4.9 million in Q2 2025, mainly due to higher professional fees and accrued performance-based compensation. - **Loss from Operations**: Loss from operations for Q2 2026 was - $3.5 million, an improvement from - $5.5 million in Q2 2025. - **Net Income Attributable to Common Stockholders**: Kopin Corporation reported net income attributable to common stockholders of $0.9 million in Q2 2026, compared to a net loss of - $5.2 million in Q2 2025, reflecting higher total revenues, a $1.9 million increase in other income (driven by approximately $2.3 million of gains on investments), and a $2.1 million income tax benefit. #### Liquidity and Capital Resources - **Cash and Cash Equivalents**: As of June 27, 2026, Kopin Corporation had cash and cash equivalents of $24.3 million. - **Total Cash, Restricted Cash, and Marketable Securities**: Total cash, restricted cash, and marketable securities amounted to $50.3 million as of June 27, 2026, which includes $26.0 million of restricted cash, with $24.2 million collateralizing a supersedeas bond for the BlueRadios litigation appeal. #### Unique Metrics / Operational Highlights - Kopin Corporation achieved three major milestones in its color MicroLED development program under the U.S. Government’s IBAS initiative, including surpassing 150,000 nits of full-color brightness and installing new U.S. MicroLED bonding equipment. - The Company secured multiple new prototype orders for Sentinel FPV™ from customers involved in the U.S. Government’s one-way attack (OWA) drone initiative and Drone Dominance Program (DDP). - Kopin Corporation advanced its Neural I/o™ AI infrastructure initiative with Fabric.AI, signing several new non-disclosure agreements, and opened a new Optics and Photonics Design Center in Dallas, Texas. #### Outlook and Guidance Kopin Corporation expects to transition to domestic MicroLED product manufacturing by mid-2027 and anticipates volume orders for the Drone Dominance Program to begin in late August 2026. The company projects a solid second half for 2026, exceeding prior guidance, and aims for meaningful progress towards sustainable GAAP profitability in the fourth quarter. The Neural I/o™ program is on track for a demonstration at CES in January 2027, with a clear path to production for a 1.6-terabit-per-second transceiver solution. ### Related Stocks - [KOPN.US](https://longbridge.com/en/quote/KOPN.US.md) ## Related News & Research - [Kopin Q2 revenue rises 51% on government grants, higher defense sales](https://longbridge.com/en/news/295445036.md) - [Kopin Bets on MicroLEDs for Defense Drones and AI Data Centers](https://longbridge.com/en/news/295987634.md) - [Fabric.AI and Kopin Expand Neural I/o™ Program with Several New Non-Disclosure Agreements Across the AI Interconnect Ecosystem | FABC Stock News](https://longbridge.com/en/news/295672655.md) - [KOPN: Q2 revenue up 51% year-over-year, with major MicroLED and FPV milestones driving future growth](https://longbridge.com/en/news/295461869.md) - [Vital Farms amends 8-K to add missing Item 5.03 in EDGAR header](https://longbridge.com/en/news/296122466.md)