CPS Technologies second quarter revenue grew to $8.3M, but profitability declined with an operating loss.

CPS Technologies reported second quarter 2026 revenue of $8.3 million, a slight increase from $8.1 million in the prior-year period. However, profitability decreased, with the company posting an operating loss of $0.2 million compared to a $0.1 million operating profit last year, and diluted EPS falling to $0.00 from $0.01.

Key Highlights

• Gross margin for the second quarter compressed to 14.8% from 16.5% in the same period last year.
• The company swung to an operating loss of $0.2 million, compared to an operating profit of $0.1 million in the prior-year quarter, primarily due to a $0.3 million increase in SG&A expenses.
• CPS successfully completed a secondary offering, raising gross proceeds of $9.6 million to fund growth initiatives, including the move to a new operating facility.