Lightpath (LPTH)
NASDAQ:LPTH
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Earnings Data
Report Date
Sep 10, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.16Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Q3 2026
Earnings Call Date:May 07, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: record revenue (+109% YoY), a large and growing backlog (+196%), materially improved gross profit (+161%) and positive adjusted EBITDA. Strategic acquisitions (G5, Amorphous) and vertical integration position the company to capture NDAA-driven demand and larger, higher-margin assemblies and camera systems. Key risks and near-term challenges include a continued GAAP net loss, earn-out-related expense volatility, ongoing capacity constraints despite recent doubling, near-term CapEx needs, and timing uncertainty for some government-funded programs. On balance, the positives (rapid top-line growth, backlog, cash runway, strategic positioning) outweigh the manageable lowlights, but execution on capacity expansion and program funding timelines will be critical.Company Guidance
Record Revenue Growth
Q3 FY2026 revenue of $19.1M, up 109% YoY from $9.2M; YTD revenue doubled from $25M to $50M over the last 12 months.
Large Backlog Expansion
Total backlog of ~$110.6M as of March 31, 2026, up 196% from $37.4M as of June 30, 2025; assemblies and cameras represent over $75M of backlog.
Improved Profitability Metrics
Gross profit rose 161% to $7.0M and gross margin improved to 36% (from 29% prior-year quarter); adjusted EBITDA positive $1.1M in Q3 versus a $1.6M adjusted EBITDA loss a year ago (third consecutive quarter of positive adjusted EBITDA).
Strong Cash Position and Funding
Cash & cash equivalents of $55.2M as of March 31, 2026 (vs. $4.9M on June 30, 2025), providing runway to fund CapEx and backlog delivery; recent capital raise funded acquisitions and earn-out obligations.
Vertical Integration and Strategic Acquisitions
Acquisitions (G5 Infrared and Amorphous Materials) transformed the company into a vertically integrated provider of infrared optics and camera systems, enabling higher-margin systems business and securing domestic supply chain alternatives to germanium.
Amorphous Acquisition Unlocks Larger Optics
Amorphous capability expands BlackDiamond glass production from ~5-inch to up to 10-inch diameters, enabling larger long-range imaging systems (including satellite optics) and contributing to doubled glass capacity.
Significant Order Momentum at G5
G5 Infrared has booked more than $100M of new orders in the last year, aided by border patrol and Counter-UAS demand and early interest in redesigned BlackDiamond-based cameras.
Revenue Mix Shift Toward Higher-Margin Products
Assemblies and modules accounted for $8.4M or 44% of Q3 revenue (higher-margin mix); infrared components $6.1M (32%), visible components $4.0M (21%).
Strategic Market Alignment (NDAA Tailwinds)
BlackDiamond domestic glass positions the company to benefit from NDAA requirements to move defense programs off components sourced from China/Russia by Jan 1, 2030, creating a structural demand tailwind.
Management Strengthening
Senior hires made to support scaling: Doug Schoen (SVP Global Sales) and Ryan Workman (VP Business Development & Product Management) to expand defense and international sales capability.
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 |
|---|---|---|---|
May 07, 2026 | $12.03 | $11.51 | -4.32% |
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% |
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 (LPTH) report earnings?
Lightpath (LPTH) is schdueled to report earning on Sep 10, 2026, TBA (Confirmed).
What is Lightpath (LPTH) earnings time?
Lightpath (LPTH) earnings time is at Sep 10, 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 (Q4) is -0.01.