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Kopin (KOPN) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Kopin (KOPN) Q2 2026 earnings results →

Q2 2026 Revenue up 51% year over year to $12.7M · 7¢ of every $1 of revenue kept as net profit · operating margin -27.5%

Kopin made $12.7M in Q2 2026 (+51% Y/Y): ASC 606 Revenues $9.8M, Non ASC 606 Revenues $2.9M, License and Other Revenues $56K. Operating margin -27.5%, net earnings $831K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$12.7M
Year over year+51%
Operating margin-27.5%
Net earnings$831K
Operating cash flow−$4.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $12.7M in Q2 2026, up 51% year over year and up 21% from the previous quarter. Non ASC 606 Revenues was the largest line at 23% of revenue. Research and Development Revenues added $1.3M year over year (up 139%), 29% of the total change.

Operating costs exceeded revenue by $3.5M, an operating margin of -27.5%. Total costs grew 17% against revenue growth of 51%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $831K. Non-operating items added $2.2M, -178% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$4.3M. Non-cash charges added back $184K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$8.1M.

Quarterly history

Kopin revenue by quarterKopin revenue by quarter$14.6MQ4 2024$10.5MQ1 2025$8.5MQ2 2025$12.0MQ3 2025$8.4MQ4 2025$10.6MQ1 2026$12.7MQ2 2026
Kopin net earnings by quarterKopin net earnings by quarter−$1.9MQ4 2024−$3.1MQ1 2025−$5.2MQ2 2025$4.1MQ3 2025$6.8MQ4 2025−$3.8MQ1 2026$831KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$12.7M+51%-27.5%$831K−$4.3M
Q1 202610-QMay 12, 2026$10.6M+0.1%-56.7%−$3.8M−$811K
Q4 202510-KApr 13, 2026$8.4M-43%-60.0%$6.8M−$7.9M
Q3 202510-QNov 12, 2025$12.0M-10%37.9%$4.1M−$110K
Q2 202510-QAug 12, 2025$8.5M-32%-64.6%−$5.2M−$4.2M
Q1 202510-QMay 13, 2025$10.5M+5%-37.1%−$3.1M−$3.4M
Q4 202410-KApr 17, 2025$14.6M+71%-15.1%−$1.9M−$1.6M

Charts

Kopin: revenue growth, year over year and quarter over quarterKopin: revenue growth, year over year and quarter over quarterY/YQ/Q+71%Q4 2024+5%-28%Q1 2025-32%-20%Q2 2025-10%+41%Q3 2025-43%-30%Q4 2025+0%+26%Q1 2026+51%+21%Q2 2026
Latest (Q2 2026): Y/Y +51%, Q/Q +21%.
Kopin: where the cash came from (+) and went (−), TTM to Q2 2026Kopin: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$44.9MCash drawn (+) / kept (−)−$24.9MOperating cash flow−$13.1MCapital spending−$5.3MTaxes on employees’ shares−$2.0MOther investing$336KExchange rates$1K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Kopin: profit against cash, quarter by quarterKopin: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.5M−$6.5MQ3 2024−$1.9M−$1.6MQ4 2024−$3.1M−$3.4MQ1 2025−$5.2M−$4.2MQ2 2025$4.1M−$110KQ3 2025$6.8M−$7.9MQ4 2025−$3.8M−$811KQ1 2026$831K−$4.3MQ2 2026
Latest (Q2 2026): Net income $831K, Operating cash flow −$4.3M.
Kopin: diluted shares by fiscal yearKopin: diluted shares by fiscal year82MFY202089MFY202191MFY2022109MFY2023133MFY2024175MFY2025
+112.7% since FY2020: more shares outstanding (issuance, stock pay).
Kopin in its industry: growth against margin (80 companies, SIC 3674)Kopin in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRKOPN (+51%, -28%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Kopin

Kopin Corporation (Nasdaq: KOPN) is a leading developer and provider of innovative display and application-specific optical solutions for defense, AI infrastructure, enterprise, professional and consumer products. Kopin’s portfolio includes microdisplays, display modules, eyepiece and projection assemblies, and vehicle- and head-mounted display systems built on the Company’s liquid crystal, MicroLED and OLED display technologies, along with a range of optics and low-power custom silicon. Building on its patented bi-directional NeuralDisplay™ architecture, Kopin is also developing Neural I/o™ optical interconnects that use programmable MicroLED pixels as ultra-high-speed, low-power optical transceivers for AI data centers. For more information, please visit Kopin’s website at www.kopin.com .

In its own words, from its 8-K, filed Aug 10, 2026.

Kopin against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +51% against the peers' median +45%. Operating margin: -27.5% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
KOPN KopinQ2 2026$12.7M+51%-27.5%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: Kopin 10-Q on SEC EDGAR · CIK 771266 · Semiconductors & Related Devices

13F: who owns KOPN and who is buying

Largest holders of KOPN (13F)Largest holders of KOPN (13F)State Street$76.7MBlackRock$66.2MVanguard Capital Management LLC$34.6MTelemark Asset Management, LLC$31.4MRoyce & Associates LP$26.7MVanguard Group$25.4MGeode Capital Management, LLC$20.6MTwo Sigma Investments, LP$10.3MVanguard Portfolio Management LLC$9.0MUBS Group AG$7.4M
Funds' net buying of KOPN by quarter (13F)Funds' net buying of KOPN by quarter (13F)$2.5M2024-09−$1.8M2024-12$8.2M2025-03$15.3M2025-06$17.3M2025-09$43.1M2025-12$6.0M2026-03$61.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on KOPN

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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