CPS Technologies Q3 revenue $8.9M, margin 20.9%
Quarterly gross margin was 20.9%, while the first nine months recorded a $423,415 operating loss.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
CPS Technologies Corp. reported third-quarter fiscal 2026 revenue of $8,900,433 for the period ended September 26, 2026, compared with $8,803,695 in the prior-year quarter. Gross profit was $1,856,485 and gross margin was 20.9%, versus $1,502,566 and 17.1%; operating income was $357,747, versus $276,082. Its attached financial statements list net income of $346,757 and diluted earnings per share of $0.02, versus $207,964 and $0.01. The release narrative separately states quarterly net income of $0.6 million and diluted earnings per share of $0.03.
For the first nine months, revenue was $24,238,504 versus $24,388,272; operating results were a $423,415 loss versus $542,659 income, and net income was $90,324 versus $407,759. CPS said it secured significant volume orders from its largest customer, a semiconductor manufacturer, at levels consistent with the prior-year period. The company also signed a lease in nearby Attleboro for a new facility; it said a partial move could begin earlier in 2027, while full buildout likely continues into the second half of 2027.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income: $346,757 versus $207,964 a year earlier.
Negative
- Moderate pointNine-month operating loss: $423,415 versus $542,659 operating income.
- Moderate pointNine-month net income: $90,324 versus $407,759 a year earlier.
Filing Explained
At September 26, 2026, higher reported shares outstanding reduce ownership percentages for unchanged holdings, while lease liabilities are recorded on the balance sheet.
The attached balance sheet reports 19,425,442 common shares outstanding at
As of September 26, 2026, the balance sheet also lists
8-K Event Classification
Key Figures
Key Terms
metal matrix composites (MMCs) technical
available for sale securities financial
Right-of-use lease assets financial
Accumulated other comprehensive income financial
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What revenue did CPSH report for the third quarter of 2026?
Why are CPSH's third-quarter net income figures different?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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NUMBER
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DESCRIPTION
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99.1
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Press release dated November 3, 2026 of CPS Technologies Corp. announcing its financial results for the three months ended September, 26, 2026
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99.2
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Financial results for the three months ended September, 26, 2026
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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Exhibit 99.1
FOR RELEASE: IMMEDIATE
CPS Technologies Announces Third Quarter 2026 Financial Results
Margin Expansion and Record Quarterly Revenue as Company Finalizes Plans for New Facility
Norton, Massachusetts – November 3, 2026 – CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for its fiscal third quarter ended September 26, 2026.
Third Quarter Summary
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● |
Revenue of $8.9 million, reflecting strong ongoing demand for the Company’s growing array of mission-critical products. |
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● |
Gross margin of 20.9 percent and operating profit of $0.4 million. |
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Announced that the Company had received its first order from a defense contractor for tungsten alloy components manufactured using the Company’s proprietary QuickSet Injection MoldingTM process. |
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CPS also signed a long-term lease during the quarter for an 80,000-square-foot facility – approximately twice the size of its current location – in Attleboro, Massachusetts to expand production and increase efficiency. |
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Received new volume orders from an existing customer and large semiconductor manufacturer establishing continued deliveries into fiscal 2027. |
“We are pleased to report solid progress this quarter on a number of fronts,” said Brian Mackey, President and CEO. “Due to higher demand and increased production, our quarterly revenue rose to a new high and gross margins expanded to 20.9% – a level not seen since during our HybridTech Armor® contracts more than three years ago. This proves the resilience of our product lines, interest in our broadening portfolio of offerings, and sound operating execution. We also recently announced the signing of a lease in nearby Attleboro that will allow CPS to further expand operations in support of increased top line growth and higher returns for our shareholders. Detailed planning is well underway with the support of Dacon Corporation, our construction management partner, as well as various engineers and contractors. While exploring ways to potentially initiate a partial move earlier in 2027, complex production requirements likely mean the full buildout will continue into the second half of next year. In the meantime, I’m also pleased to announce that, once again, we have secured significant volume orders for our high-performance products from the Company’s biggest customer, a semiconductor manufacturer, at levels consistent with the prior-year period. These components are integrated into systems supporting high-speed rail as well as energy and grid infrastructure. Given this backdrop, we believe the Company is in excellent shape for continued growth and higher financial results heading into fiscal 2027.”
Results of Operations
CPS reported revenue of $8.9 million for the third quarter of fiscal 2026 versus $8.8 million in the prior-year period. Gross profit was $1.9 million, or 20.9 percent of revenue, versus $1.5 million, or 17.1 percent of revenue, in the fiscal 2025 third quarter.
Operating profit was $0.4 million in the fiscal 2026 third quarter compared with $0.3 million in the prior-year period; SG&A expenses rose approximately $0.2 million year-over-year. Reported net income for the quarter was $0.6 million, or $0.03 per diluted share, versus $0.2 million, or $0.01 per diluted share, in the quarter ended September 27, 2025.
Page 2
Conference Call
The Company will be hosting its third quarter 2026 earnings call tomorrow, November 4, 2026, at 9:00 a.m. Eastern. Those interested in participating in the conference call should dial the following:
Call in Number: 1-844-943-2942
Participant Passcode: 258164
The Company encourages those who wish to participate to call in 10 minutes before the scheduled start time to ensure the operator can connect all participants.
About CPS
CPS is an advanced materials company that designs, manufactures, and sells high-performance material solutions to global customers in transportation, energy, automotive, electronics, telecommunications, aerospace, and defense. The company specializes in proprietary metal matrix composites (MMCs), combining metals and ceramics to deliver superior strength, thermal management, and reliability for demanding applications such as high-speed rail, HVDC systems, mass transit, electric vehicles, internet equipment, and electrical infrastructure. CPS also produces hermetic packaging for high-reliability power and communications modules, supporting avionics, GPS, microprocessors, and specialized integrated circuits. Additionally, its lightweight HybridTech Armor® provides high strength-to-weight protection. CPS focuses on innovation, quality, and diversified high-growth markets to drive sustained, profitable growth. The Company’s Vision is ”to pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”
Safe Harbor
Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2025 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.
CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766
www.cpstechnologysolutions.com
Investor Relations:
Chris Witty
646-438-9385
cwitty@darrowir.com
Page 3
CPS TECHNOLOGIES CORP.
Statements of Operations and Other Comprehensive Income (Loss)
(Unaudited)
|
Three Months Ended |
Nine Months Ended |
|||||||||||||||
|
September 26, 2026 |
September 27, 2025 |
September 26, 2026 |
September 27, 2025 |
|||||||||||||
|
Product sales |
$ | 8,900,433 | $ | 8,803,695 | $ | 24,238,504 | $ | 24,388,272 | ||||||||
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Cost of product sales |
7,043,948 | 7,301,129 | 20,546,352 | 20,318,390 | ||||||||||||
|
Gross profit |
1,856,485 | 1,502,566 | 3,692,152 | 4,069,882 | ||||||||||||
|
Selling, general, and administrative expenses |
1,498,738 | 1,226,484 | 4,115,567 | 3,527,223 | ||||||||||||
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Income (loss) from operations |
357,747 | 276,082 | (423,415 | ) | 542,659 | |||||||||||
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Other income, net |
163,349 | 45,483 | 455,722 | 114,985 | ||||||||||||
|
Net income before income taxes |
521,096 | 321,565 | 32,307 | 657,644 | ||||||||||||
|
Income tax provision (benefit) |
174,339 | 113,601 | (58,017 | ) | 249,885 | |||||||||||
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Net income |
$ | 346,757 | $ | 207,964 | $ | 90,324 | $ | 407,759 | ||||||||
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Other comprehensive income |
||||||||||||||||
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Net unrealized gains (losses) on available for sale securities |
17,132 | (2,293 | ) | 13,773 | 7,913 | |||||||||||
|
Reclassification adjustment for gains included in net income |
- | - | - | (16,237 | ) | |||||||||||
|
Total other comprehensive income (loss) |
17,132 | (2,293 | ) | 13,773 | (8,324 | ) | ||||||||||
|
Comprehensive income |
363,889 | 205,671 | 104,097 | 399,435 | ||||||||||||
|
Net income per basic common share |
$ | 0.02 | $ | 0.01 | $ | 0.00 | $ | 0.03 | ||||||||
|
Weighted average number of basic common shares outstanding |
19,412,796 | 14,527,126 | 18,491,213 | 14,526,349 | ||||||||||||
|
Net income per diluted common share |
$ | 0.02 | $ | 0.01 | $ | 0.00 | $ | 0.03 | ||||||||
|
Weighted average number of diluted common shares outstanding |
19,757,374 | 14,674,384 | 18,799,554 | 14,598,576 | ||||||||||||
Page 4
CPS TECHNOLOGIES CORP.
Balance Sheets (Unaudited)
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September 26, |
December 27, |
|||||||
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2026 |
2025 |
|||||||
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ASSETS |
||||||||
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Current assets: |
||||||||
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Cash and cash equivalents |
$ | 2,791,195 | $ | 4,466,198 | ||||
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Marketable securities, at fair value |
15,612,554 | 8,769,363 | ||||||
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Accounts receivable-trade |
4,703,028 | 5,235,307 | ||||||
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Accounts receivable-other |
291,019 | 380,948 | ||||||
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Inventories, net |
10,320,406 | 5,598,407 | ||||||
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Prepaid expenses and other current assets |
281,682 | 299,829 | ||||||
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Total current assets |
33,999,884 | 24,750,052 | ||||||
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Property and equipment: |
||||||||
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Production equipment |
11,111,154 | 10,647,170 | ||||||
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Furniture and office equipment |
910,310 | 910,310 | ||||||
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Leasehold improvements |
997,830 | 997,830 | ||||||
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Total cost |
13,019,294 | 12,555,310 | ||||||
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Accumulated depreciation and amortization |
(11,058,355 | ) | (10,877,927 | ) | ||||
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Construction in progress |
537,975 | 459,671 | ||||||
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Net property and equipment |
2,498,914 | 2,137,054 | ||||||
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Net intangible assets |
18,539 | 21,778 | ||||||
|
Restricted cash |
510,154 | - | ||||||
|
Right-of-use lease assets |
8,829,210 | 336,000 | ||||||
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Deferred taxes, net |
2,325,327 | 2,266,854 | ||||||
|
Total assets |
$ | 48,182,028 | $ | 29,511,738 | ||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
||||||||
|
Current liabilities: |
||||||||
|
Accounts payable |
$ | 3,766,979 | $ | 3,363,233 | ||||
|
Accrued expenses |
832,504 | 907,910 | ||||||
|
Deferred revenue |
513,910 | 238,044 | ||||||
|
Lease liabilities, current portion |
163,000 | 162,000 | ||||||
|
Total current liabilities |
5,276,393 | 4,671,187 | ||||||
|
Deferred revenue – long term |
31,277 | 31,277 | ||||||
|
Long term lease liabilities |
8,754,046 | 174,000 | ||||||
|
Total liabilities |
14,061,716 | 4,876,464 | ||||||
|
Commitments & Contingencies |
||||||||
|
Stockholders’ equity: |
||||||||
|
Common stock, $0.01 par value, authorized 25,000,000 and 20,000,000 shares; issued 19,642,517 and 18,132,767 shares; outstanding 19,425,442 and 17,988,634 shares at September 26, 2026 and December 27, 2025, respectively |
196,417 | 181,320 | ||||||
|
Additional paid-in capital |
60,223,530 | 50,295,019 | ||||||
|
Accumulated other comprehensive income |
13,912 | 139 | ||||||
|
Accumulated deficit |
(25,379,567 | ) | (25,469,891 | ) | ||||
|
Less cost of 217,075 and 144,133 common shares repurchased at September 26, 2026 and December 27, 2025, respectively |
(933,980 | ) | (371,313 | ) | ||||
|
Total stockholders’ equity |
34,120,312 | 24,635,274 | ||||||
|
Total liabilities and stockholders’ equity |
$ | 48,182,028 | $ | 29,511,738 | ||||
Exhibit 99.2
CPS TECHNOLOGIES CORP.
Statements of Operations and Other Comprehensive Income (Loss)
(Unaudited)
|
Three Months Ended |
Nine Months Ended |
|||||||||||||||
|
September 26, 2026 |
September 27, 2025 |
September 26, 2026 |
September 27, 2025 |
|||||||||||||
|
Product sales |
$ | 8,900,433 | $ | 8,803,695 | $ | 24,238,504 | $ | 24,388,272 | ||||||||
|
Cost of product sales |
7,043,948 | 7,301,129 | 20,546,352 | 20,318,390 | ||||||||||||
|
Gross profit |
1,856,485 | 1,502,566 | 3,692,152 | 4,069,882 | ||||||||||||
|
Selling, general, and administrative expenses |
1,498,738 | 1,226,484 | 4,115,567 | 3,527,223 | ||||||||||||
|
Income (loss) from operations |
357,747 | 276,082 | (423,415 | ) | 542,659 | |||||||||||
|
Other income, net |
163,349 | 45,483 | 455,722 | 114,985 | ||||||||||||
|
Net income before income taxes |
521,096 | 321,565 | 32,307 | 657,644 | ||||||||||||
|
Income tax provision (benefit) |
174,339 | 113,601 | (58,017 | ) | 249,885 | |||||||||||
|
Net income |
$ | 346,757 | $ | 207,964 | $ | 90,324 | $ | 407,759 | ||||||||
|
Other comprehensive income |
||||||||||||||||
|
Net unrealized gains (losses) on available for sale securities |
17,132 | (2,293 | ) | 13,773 | 7,913 | |||||||||||
|
Reclassification adjustment for gains included in net income |
- | - | - | (16,237 | ) | |||||||||||
|
Total other comprehensive income (loss) |
17,132 | (2,293 | ) | 13,773 | (8,324 | ) | ||||||||||
|
Comprehensive income |
363,889 | 205,671 | 104,097 | 399,435 | ||||||||||||
|
Net income per basic common share |
$ | 0.02 | $ | 0.01 | $ | 0.00 | $ | 0.03 | ||||||||
|
Weighted average number of basic common shares outstanding |
19,412,796 | 14,527,126 | 18,491,213 | 14,526,349 | ||||||||||||
|
Net income per diluted common share |
$ | 0.02 | $ | 0.01 | $ | 0.00 | $ | 0.03 | ||||||||
|
Weighted average number of diluted common shares outstanding |
19,757,374 | 14,674,384 | 18,799,554 | 14,598,576 | ||||||||||||
CPS TECHNOLOGIES CORP.
Balance Sheets (Unaudited)
|
September 26, |
December 27, |
|||||||
|
2026 |
2025 |
|||||||
|
ASSETS |
||||||||
|
Current assets: |
||||||||
|
Cash and cash equivalents |
$ | 2,791,195 | $ | 4,466,198 | ||||
|
Marketable securities, at fair value |
15,612,554 | 8,769,363 | ||||||
|
Accounts receivable-trade |
4,703,028 | 5,235,307 | ||||||
|
Accounts receivable-other |
291,019 | 380,948 | ||||||
|
Inventories, net |
10,320,406 | 5,598,407 | ||||||
|
Prepaid expenses and other current assets |
281,682 | 299,829 | ||||||
|
Total current assets |
33,999,884 | 24,750,052 | ||||||
|
Property and equipment: |
||||||||
|
Production equipment |
11,111,154 | 10,647,170 | ||||||
|
Furniture and office equipment |
910,310 | 910,310 | ||||||
|
Leasehold improvements |
997,830 | 997,830 | ||||||
|
Total cost |
13,019,294 | 12,555,310 | ||||||
|
Accumulated depreciation and amortization |
(11,058,355 | ) | (10,877,927 | ) | ||||
|
Construction in progress |
537,975 | 459,671 | ||||||
|
Net property and equipment |
2,498,914 | 2,137,054 | ||||||
|
Net intangible assets |
18,539 | 21,778 | ||||||
|
Restricted cash |
510,154 | - | ||||||
|
Right-of-use lease assets |
8,829,210 | 336,000 | ||||||
|
Deferred taxes, net |
2,325,327 | 2,266,854 | ||||||
|
Total assets |
$ | 48,182,028 | $ | 29,511,738 | ||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
||||||||
|
Current liabilities: |
||||||||
|
Accounts payable |
$ | 3,766,979 | $ | 3,363,233 | ||||
|
Accrued expenses |
832,504 | 907,910 | ||||||
|
Deferred revenue |
513,910 | 238,044 | ||||||
|
Lease liabilities, current portion |
163,000 | 162,000 | ||||||
|
Total current liabilities |
5,276,393 | 4,671,187 | ||||||
|
Deferred revenue – long term |
31,277 | 31,277 | ||||||
|
Long term lease liabilities |
8,754,046 | 174,000 | ||||||
|
Total liabilities |
14,061,716 | 4,876,464 | ||||||
|
Commitments & Contingencies |
||||||||
|
Stockholders’ equity: |
||||||||
|
Common stock, $0.01 par value, authorized 25,000,000 and 20,000,000 shares; issued 19,642,517 and 18,132,767 shares; outstanding 19,425,442 and 17,988,634 shares at September 26, 2026 and December 27, 2025, respectively |
196,417 | 181,320 | ||||||
|
Additional paid-in capital |
60,223,530 | 50,295,019 | ||||||
|
Accumulated other comprehensive income |
13,912 | 139 | ||||||
|
Accumulated deficit |
(25,379,567 | ) | (25,469,891 | ) | ||||
|
Less cost of 217,075 and 144,133 common shares repurchased at September 26, 2026 and December 27, 2025, respectively |
(933,980 | ) | (371,313 | ) | ||||
|
Total stockholders’ equity |
34,120,312 | 24,635,274 | ||||||
|
Total liabilities and stockholders’ equity |
$ | 48,182,028 | $ | 29,511,738 | ||||