CPS Technologies Q3 revenue rises on increased demand, production

Overview

• US advanced materials maker's fiscal Q3 revenue rose slightly yr/yr to a company record

• Fiscal Q3 adjusted EPS rose to $0.02 from $0.01 a year ago

• Company secured new defense and semiconductor orders, signed lease to double production space

Outlook

• Company expects continued growth and higher financial results heading into fiscal 2027

• Company expects full buildout of new facility to continue into second half of 2027

• Company has secured significant volume orders from major customer for deliveries into fiscal 2027

Result Drivers

• HIGHER DEMAND - Co attributed record Q3 revenue and improved gross margin to increased demand and production

• PRODUCTION EXPANSION - Co signed lease for larger facility to expand production and efficiency

• DEFENSE CONTRACT ORDER - Co received first defense contractor order for tungsten alloy components using proprietary process

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for CPS Technologies Corp is $6.00, about 69.5% above its November 2 closing price of $3.54

• The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 32 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)