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.