Newton Golf Company

Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates significantly across the top and bottom lines: revenue of $1.32M was 47.92% below the $2.53M expectation, and GAAP EPS of -$0.49 missed the -$0.47 estimate. The underperformance was driven by a manufacturing transition to '2.0' shafts and carbon fiber supply constraints, which forced the company to moderate marketing to align with reduced production. While gross margin of 69.2% slightly beat the 67.0% consensus, substantial non-cash warrant liability losses and idle capacity costs widened the net loss beyond analyst projections.