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Lightpath Technologies (LPTH)
NASDAQ:LPTH
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.09Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong transformation narrative with significant commercial progress: record revenue (+120% YoY), materially improved gross margins (37%), positive adjusted EBITDA, a sizeable backlog (~$98M) weighted toward higher-margin systems, and a fortified cash position (~$73.6M) following a $65M net capital raise. Strategic M&A (G5 and Amorphous Materials) expanded product, capacity, and large-diameter optics capability, aligning the company with NDAA/FCC tailwinds. Primary negatives were a large GAAP net loss driven by a non-cash $7.6M earnout revaluation that will recur through 2027, some customer concentration at the Amorphous business, multi-year timing for space-satellite program revenue, and the need to execute camera conversions and scale capacity. Overall, positive operational and commercial momentum outweigh the accounting-driven and timing risks.Company Guidance
Record Revenue Growth
Q2 FY2026 revenue increased 120% year-over-year to $16.4M from $7.4M, driven largely by G5 and higher sales of assemblies/modules.
Improved Gross Profit and Margins
Gross profit rose 212% to $6.0M and gross margin expanded to 37% of revenue (versus 26% in prior-year quarter), driven by higher mix of assemblies/modules and improved infrared component margins.
Adjusted EBITDA Turnaround
Adjusted EBITDA was positive $0.6M in Q2 FY2026 versus an adjusted EBITDA loss of $1.3M in the year-ago quarter, signifying improved core operating performance.
Strong Cash Position from Capital Raise
Completed a secondary offering, increasing size to $60M with green shoe, producing approximately $65M in net proceeds; cash and cash equivalents rose to $73.6M from $4.9M year-over-year.
Substantial Backlog and System-Weighted Orders
Backlog totaled $97.8M (~$100M), with roughly two-thirds comprised of higher-margin systems and subsystems, supporting near- to mid-term revenue visibility.
Commercial Traction for G5 and Order Growth
Since acquiring G5 ~1 year ago, G5 booked over $80M of new orders versus $15M of revenue the prior year, reflecting strong market demand (border, counter-UAS, NATO/Israel defense spending).
Strategic Acquisition Expands Capacity and Technology
Acquisition of Amorphous Materials adds domestic chalcogenide glass melting capability (50% capacity boost) and enables large-diameter Black Diamond optics (10" and potentially up to 17"), unlocking long-range and space imaging opportunities.
Regulatory Tailwinds and NDAA/FCC Alignment
NDAA restrictions and recent FCC rulings increase demand for NDAA-compliant, domestically produced optics and camera components, positioning LightPath as a favorable supplier.
LPTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LPTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $10.27 | $12.48 | +21.52% |
Nov 11, 2025 | $8.04 | $7.37 | -8.33% |
Sep 25, 2025 | $6.50 | $7.90 | +21.54% |
May 20, 2025 | $2.21 | $2.33 | +5.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lightpath Technologies (LPTH) report earnings?
Lightpath Technologies (LPTH) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is Lightpath Technologies (LPTH) earnings time?
Lightpath Technologies (LPTH) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPTH EPS forecast?
LPTH EPS forecast for the fiscal quarter 2026 (Q3) is -0.02.