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CVD Equipment (CVV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · CVD Equipment (CVV) Q3 2026 earnings results →
Q3 2026 Revenue down 72% year over year to $1.6M · 94¢ of every $1 of revenue lost · operating margin -149.0%
CVD Equipment made $1.6M in Q3 2026 (-72% Y/Y): Aerospace $902K, Industrial $314K, Research One $221K. Operating margin -149.0%, net loss $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $1.6M in Q3 2026, down 72% year over year and down 19% from the previous quarter. Aerospace was the largest line at 57% of revenue. Research One lost $1.9M year over year (down 89%), 46% of the total change.
Gross margin was 9.2%, down 22.8 points from Q3 2025. Operating costs exceeded revenue by $2.4M, an operating margin of -149.0%. Operating expenses grew 41% against a revenue fall of 72%. The quarter ended with a net loss of $1.5M, after a profit of $12.6M the previous quarter.
Operating cash flow was $43K (down 97% year over year). Non-cash charges added back $122K of depreciation and amortization and $43K of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of −$1K left free cash flow of $44K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $1.6M | -72% | -149.0% | −$1.5M | $43K |
| Q2 2026 | 10-Q | Aug 12, 2026 | $2.0M | -43% | -79.8% | $12.6M | −$425K |
| Q1 2026 | 10-Q | May 14, 2026 | $1.8M | -71% | -97.4% | −$1.7M | −$852K |
| Q4 2025 | 10-K | Mar 30, 2026 | $5.0M | -33% | -27.2% | −$1.3M | $397K |
| Q3 2025 | 10-Q | Nov 10, 2025 | $7.4M | -10% | 4.2% | $384K | $1.4M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $5.1M | -19% | -22.3% | −$1.1M | −$3.2M |
| Q1 2025 | 10-Q | May 13, 2025 | $8.3M | +69% | 3.2% | $360K | −$2.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About CVD Equipment
CVD Equipment Corporation (NASDAQ: CVV ) designs, develops, and manufactures a broad range of chemical vapor deposition, thermal processing, physical vapor transport, and related equipment and process solutions used to develop and manufacture materials and coatings for industrial applications and research. Our products are used in production environments as well as research and development centers, both academic and corporate. Major target markets include aerospace & defense (ceramic matrix composites), silicon carbide (SiC) high-power electronics, electric vehicle (EV) battery materials (carbon nanotubes, graphene and silicon nanowires), and industrial applications. Through its application laboratory, the Company allows customers the option to bring their process tools to our laboratory and to work collaboratively with our scientists and engineers to optimize process performance.
In its own words, from its 8-K, filed Aug 12, 2026.
CVD Equipment against its Special Industry Machinery, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -72% against the peers' median +14%. Operating margin: -149.0% against the peers' median 9.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CVV CVD Equipment | Q3 2026 | $1.6M | -72% | -149.0% |
| LRCX LAM Research | Q1 FY27 | $8.2B | +54% | 40.0% |
| ACMR ACM Research | Q3 2026 | $368M | +37% | 15.1% |
| ACLS Axcelis Technologies | Q3 2026 | $238M | +11% | 11.5% |
| VECO Veeco Instruments | Q3 2026 | $209M | +26% | 6.7% |
| CRCT Cricut | Q3 2026 | $189M | +11% | 18.0% |
| AZTA Azenta | Q3 FY26 | $161M | +12% | -2.6% |
| ASYS Amtech Systems | Q3 FY26 | $22.4M | +14% | 9.9% |
| VELO Velo3D | Q2 2026 | $20.7M | +52% | -53.5% |
Source: CVD Equipment 10-Q on SEC EDGAR · CIK 766792 · Special Industry Machinery, NEC
Guidance and outlook
13F: who owns CVV and who is buying
More on CVV
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results