Every 10-Q that Pixelworks (PXLW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PXLW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PXLW filings page.
Pixelworks, Inc. reported results for the quarter and six months ended June 30, 2026 that reflect the completed sale of its China semiconductor subsidiary PWSH and a strategic shift to licensing and services for its TrueCut cinematic visualization platform. The sale closed on January 6, 2026, generating approximately $51 million of net cash proceeds and an after‑tax gain of $85.2 million, driving six‑month net income of $77.8 million versus a loss a year earlier. All PWSH activity is now reported as discontinued operations, and related redeemable and non‑controlling interests have been removed.
Continuing operations remain very small and loss‑making. Revenue from services was $64 thousand for the quarter and $510 thousand year‑to‑date, with a quarterly decline of 60% versus the prior year period. The company recorded an operating loss of $3.4 million for the quarter and $8.3 million for the first half, including $2.1 million of restructuring costs tied to a roughly 43% workforce reduction.
The balance sheet strengthened substantially: cash and cash equivalents rose to $52.9 million and total liabilities fell to $2.1 million, producing shareholders’ equity of $52.0 million as of June 30, 2026. Pixelworks initiated a $5 million share repurchase program and bought 464 shares for $3.2 million in the quarter, while maintaining that its disclosure controls were effective and reporting no material changes in internal control.
Pixelworks reported a sharp turnaround in the quarter ended March 31, 2026, driven by the sale of its Chinese semiconductor subsidiary PWSH. Net income was $80.6 million, compared with a loss a year earlier, almost entirely from an after-tax gain of $85.2 million on the divestiture.
Continuing operations remain small and loss-making: revenue was $0.4 million, all from services, with an operating loss of $4.9 million. The company executed a restructuring plan tied to its post-sale focus on TrueCut cinematic licensing, recording $2.0 million of severance and lease-related charges and cutting about 43% of its continuing workforce.
Cash and cash equivalents rose to $57.8 million from $11.2 million at year-end, mainly from $51.0 million in net proceeds from the PWSH sale plus $1.2 million released from escrow. After deconsolidating PWSH, Pixelworks no longer has semiconductor operations and is repositioning around licensing and services for its TrueCut platform.
Pixelworks, Inc. reported Q3 2025 results. Revenue was $8.771 million versus $9.527 million a year ago, with a net loss attributable to Pixelworks of $4.432 million (or $0.81 per share) compared to $8.141 million (or $1.66 per share). Year-to-date revenue was $24.115 million versus $34.116 million in the prior year.
The company highlighted a pending sale of all shares of its China subsidiary PWSH based on a 100% equity value of RMB 950 million (approximately $133 million). Pixelworks expects to receive $50–$60 million in cash upon closing, which requires approval by at least 67% of outstanding common shares and is expected by December 31, 2025 if conditions are met. Cash and cash equivalents were $14.611 million at September 30, 2025, and total shareholders’ equity was a deficit of $1.152 million. During 2025 year-to-date, Pixelworks raised cash via an at-the-market equity program ($2.952 million), a registered direct offering ($1.341 million), and a short-term line of credit ($1.404 million). The company effected a 1-for-12 reverse stock split on June 6, 2025. Shares outstanding were 6,293,545 as of November 7, 2025.
Pixelworks reported mixed second-quarter results with continuing losses and shrinking cash, driven by a sharp year-to-date revenue decline and concentrated customer exposure. Revenue was $8.25 million in Q2 2025 (down 3% year-over-year) and $15.34 million for the six months (down 38%). Gross margin was 46% in Q2 versus 51% a year earlier. The company recorded a net loss of $6.93 million in Q2 and a six-month net loss of $14.95 million; net loss attributable to Pixelworks was $6.71 million for the quarter (EPS $(1.27)) and $14.47 million year-to-date (EPS $(2.80)).
Cash and cash equivalents fell to $14.26 million from $23.65 million at year-end. Total assets were $51.80 million and total liabilities $23.45 million, with a redeemable non-controlling interest of $27.92 million. Mobile market sales declined materially while Home & Enterprise sales rose 9% in Q2. The company executed a 1-for-12 reverse stock split on June 6, 2025, implemented restructuring actions in Feb and May 2025, and disclosed ongoing due diligence with three potential buyers for its PWSH subsidiary.