Kopin (NASDAQ:KOPN) Issues Quarterly Earnings Results

Key Points

• Kopin missed quarterly expectations, reporting a loss of $0.02 per share versus the expected $0.01 loss, while revenue came in at $10.55 million, just below analyst estimates of $10.60 million.
• The company highlighted new growth drivers, including a strategic collaboration with Fabric.AI for Neural I/O and a series of defense orders, such as helmet-mounted displays, DarkWAVE, Sentinel FPV, and a $21.5 million thermal imaging contract after quarter-end.
• Kopin reaffirmed 2026 revenue guidance of $52 million to $60 million and said it has $34 million in cash, which it expects to fund operations through at least mid-2027.

Kopin (NASDAQ:KOPN - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01), Zacks reports. The firm had revenue of $10.55 billion during the quarter, compared to analysts' expectations of $10.60 billion. Kopin had a net margin of 6.63% and a return on equity of 8.53%.

Here are the key takeaways from Kopin's conference call:

• Kopin announced a strategic collaboration with Fabric.AI to develop Neural I/O, an optical interconnect technology for AI infrastructure, and said its $15 million initial order is included in full-year guidance. Management said the opportunity could expand materially over time, with Kopin owning 19.9% of Fabric.AI and serving as exclusive manufacturer.
• The company reported strong defense order momentum, including new European helmet-mounted display orders, the first DarkWAVE order with Theon, a $3.2 million Sentinel FPV order, and a $21.5 million thermal imaging follow-on contract after quarter-end.
• Kopin is bringing OLED microdisplay manufacturing in-house at its Westborough facility to meet rising demand for U.S.-built defense products. Management said the move should improve speed, flexibility, quality control, and sovereign supply-chain options, while supporting FPV drone and thermal weapon sight programs.
• First-quarter revenue was essentially flat year over year at $10.6 million, but the mix shifted toward award and collaboration revenue while product revenue declined. R&D and SG&A both increased as the company invested in MicroLED development and operating capabilities.
• Management reiterated 2026 revenue guidance of $52 million to $60 million and described it as conservative, citing strong backlog, new program ramps, and upside from AI infrastructure and defense demand. The company also said it had $34 million in cash and expects liquidity to fund operations through at least mid-2027.

Kopin Stock Up 7.6%

NASDAQ:KOPN opened at $5.35 on Wednesday. The firm's fifty day simple moving average is $2.89 and its 200-day simple moving average is $2.73. The stock has a market cap of $980.98 million, a PE ratio of 535.54 and a beta of 3.40. Kopin has a fifty-two week low of $1.23 and a fifty-two week high of $6.45.

Insider Transactions at Kopin

In other news, CEO Michael Andrew Murray sold 96,800 shares of Kopin stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 58,939 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer owned 420,025 shares in the company, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 524,760 shares of company stock worth $1,763,275. 2.80% of the stock is owned by insiders.

Institutional Trading of Kopin

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company's stock worth $5,353,000 after purchasing an additional 1,806,632 shares during the period. JPMorgan Chase & Co. boosted its stake in Kopin by 113,958.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company's stock worth $108,000 after buying an additional 70,654 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Kopin during the 2nd quarter valued at about $25,000. Rhumbline Advisers purchased a new position in shares of Kopin during the 2nd quarter worth about $259,000. Finally, Prudential Financial Inc. acquired a new position in Kopin during the second quarter worth approximately $25,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin News Roundup

Here are the key news stories impacting Kopin this week:

• Positive Sentiment: Kopin said it reported preliminary Q1 2026 revenue of $10.6 million, roughly flat year over year, while its earnings release and transcript suggest investors are focusing on the company’s operating progress and guidance discussion after the report. Kopin Corporation Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company also announced it is establishing full-scale U.S. OLED microdisplay manufacturing capability at its Westborough, Massachusetts headquarters, a strategic move that could improve its position in domestic defense programs and other high-value markets. Kopin Establishes Full-Scale U.S. OLED Microdisplay Manufacturing Capability to Meet Growing Domestic Defense Demand
• Positive Sentiment: The stock is also getting attention from traders after the earnings release, with reports noting that shares are moving higher on heavy volume and even triggered a temporary LULD trading pause. Kopin Stock Is Trending After Q1 Earnings: What You Need To Know
• Neutral Sentiment: Media coverage and an earnings call transcript are reinforcing investor interest, but they mostly reflect the same earnings and strategy news rather than adding a new catalyst. Kopin Corporation (KOPN) Q1 2026 Earnings Call Transcript
• Negative Sentiment: One offsetting note is that product revenue fell versus last year in the quarter, which may temper enthusiasm if investors focus on the quality of the top-line mix.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KOPN shares. Lake Street Capital reissued a "buy" rating and set a $5.00 price objective on shares of Kopin in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Kopin from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. JonesTrading initiated coverage on Kopin in a report on Monday, April 27th. They set a "buy" rating and a $6.00 price target on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kopin in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group assumed coverage on Kopin in a research report on Friday, May 8th. They set a "buy" rating and a $5.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.40.

Kopin Company Profile

Kopin Corporation NASDAQ: KOPN is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.