Earnings Releases·Nov 12, 2026, 7:10 AM ET

Data I/O Corporation — Third Quarter 2026 Earnings Summary

Net sales declined to $4.9 million in Q3 2026 from $5.4 million in Q3 2025 and $5.2 million in Q2 2026, while gross margin improved to 58.0% from 50.7% in the prior year period.
The company reported a net loss of $2.7 million ($0.27 per share) compared to a $1.4 million loss in Q3 2025, with adjusted EBITDA improving to ($71,000) from ($563,000) in the prior year.
Strategic capital actions include the October 2026 closure of the $23 million V-TEK acquisition (adding Programming-as-a-Service), the conversion of $6.2 million convertible debt into preferred shares, and securing a $13.25 million direct investment plus a $7.5 million credit line.
Future outlook focuses on leveraging the V-TEK acquisition to double revenues, shifting revenue mix toward software and services, and applying AI to operations to enter high-growth markets including data centers, AI, and robotics.
Cash reserves decreased to $9.4 million as of September 30, 2026, from $10.8 million in Q2, while the company maintains no debt and increased net working capital to $14.7 million.