Filing Flows › Liquidmetal Technologies (LQMT) › Q2 2026
Liquidmetal Technologies (LQMT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Liquidmetal Technologies (LQMT) reported revenue of $196K for the second quarter 2026 (Q2 2026), -32% from a year earlier and -23% from the quarter before. Operating margin was -604.6%, net loss $841K (429.1% of revenue).
Liquidmetal Technologies, Q2 2026: revenue $196K (-32% year over year), operating margin -604.6%, net loss $841K, operating cash flow −$193K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196K | -23% | -32% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$841K | — | — |
| Operating cash flow | −$193K | — | — |
What changed
Revenue was $196K in Q2 2026, down 32% year over year and down 23% from the previous quarter. Product was the largest line at 98% of revenue. Product lost $96K year over year (down 33%), 103% of the total change.
Gross margin was 45.4%, up 18.8 points from Q2 2025. Operating costs exceeded revenue by $1.2M, an operating margin of -604.6%. Operating expenses grew 37% against a revenue fall of 32%. The fastest-growing cost line was SG&A (+37%). The quarter ended with a net loss of $841K, wider than the previous quarter's $765K loss. Minority interests bore $1K of it: to shareholders the quarter was a loss of $840K. Non-operating items added $345K, -41% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$193K. Non-cash charges added back $134K of depreciation and amortization and $33K of share-based compensation. Working capital and other items added $481K. Capital expenditures of $156K exceeded it, leaving free cash flow of −$349K.
Questions
What was Liquidmetal Technologies' revenue in the second quarter 2026?
Liquidmetal Technologies (LQMT) reported revenue of $196K for the second quarter 2026 (Q2 2026), -32% from a year earlier and -23% from the quarter before.
Was Liquidmetal Technologies profitable in the second quarter 2026?
Operating loss was $1.2M (-604.6% of revenue) and net loss $841K.