Data I/O today reported preliminary results for the quarter ended June 30, 2026, with net sales of $5.2 million and gross margin of 57.1%. Cash totaled $10.8 million at quarter end following a $9.0 million direct investment announced in May. The company has delayed release of its full Q2 financials and rescheduled an investor call to August 12, 2026 pending completion of an independent accounting and valuation analysis related to that investment.
Financial Highlights
- Net sales: $5.2 million for the second quarter of 2026 (up 59% sequentially from $3.3 million in Q1 2026).
- Gross margin: 57.1% of sales in Q2 2026, compared with 49.5% in Q1 2026.
- Cash and cash equivalents: $10.8 million as of June 30, 2026, versus $5.7 million on March 31, 2026.
- Disclosure: Full second quarter financial statements (including operating income, net income, and EPS) are pending completion of an independent accounting and valuation analysis and will be released on August 12, 2026.
Business Highlights
- Sequential revenue acceleration: Revenue increased materially quarter-over-quarter, reflecting improved sales execution in Q2 2026.
- Capital infusion impact: The May 2026 direct investment of $9.0 million materially increased the company's cash position and is under independent accounting review for proper treatment.
- Investor communications: The company has rescheduled its full financial results and investor conference call to August 12, 2026 to allow completion of the independent analysis.
- Market positioning: Data I/O continues to position its data programming and security provisioning solutions for microcontrollers, security ICs and memory devices across automotive, IoT, medical and industrial end markets.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.