Enablence Technologies Announces Second Quarter 2026 Financial Results

Executive Summary

• Enablence Technologies filed its unaudited Q2 FY 2026 financial statements, reporting revenue of $2.152 M (up 56% YoY) but a net loss of $6.291 M, driven by increased R&D and capacity investments.
• Management highlighted short‑term tooling onboarding delays at the Fremont fab that suppressed Q2 revenue and prompted an update to FY 2026 revenue guidance to $8 M ± $0.5 M.
• The company expects wafer starts to rise from ~2,000 per month to >4,000 per month by Q1 FY 2027 as tooling is fully integrated and inventory normalizes.

Key Details

• Revenue: $2,152 k for the quarter ended Dec 31 2025 vs. $1,380 k in the same period 2024 (+56%).
• Gross Margin: Reported gross margin of $(757) k (‑35%) versus $(473) k (‑34%) a year earlier; absolute gross margin increased by $1,097 k.
• Net Loss: $6,291 k for the quarter, up 56% from a net loss of $4,036 k in the prior-year quarter.
• Comprehensive Loss: $7,231 k versus $1,887 k year‑over‑year; impacted by USD strengthening.
• Guidance Update: FY 2026 revenue guidance revised to $8 M ± $0.5 M reflecting short‑term ramp timing adjustments.
• Capacity Outlook: Anticipated increase in monthly wafer starts from ~2,000 to >4,000 wafers by end of Q1 FY 2027 after tooling onboarding completion and inventory normalization.
• Order Book: Strong order backlog across communications, sensing, and compute segments; demand remains robust for legacy datacom products and AI/advanced vision solutions.
• Management Commentary (CEO Todd Haugen): Emphasized that the Q2 revenue dip is a temporary ramp‑up issue, not indicative of long‑term trajectory; confidence expressed in strategic growth plan.

Notable Quotes

“Despite significant strategic investments… delays in onboarding these toolsets… resulted in lower second‑quarter revenue… this is a short‑term ramping issue… With tooling onboarding now complete and inventory levels normalized, we expect to accelerate capacity expansion and resume long‑term, revenue growth.” – Todd Haugen, CEO

“We are now better positioned to meet projected, long‑term wafer capacity requirements… All three of our businesses continue to demonstrate a strong order book.” – Todd Haugen, CEO