CPS Technologies reports Q1 2026 revenue dip to $7M but expects growth; new $4M order and CFO hired.

CPS Technologies reported Q1 2026 revenue of $7 million, down from $7.5 million a year earlier due to order timing, with a gross margin decline to 8.6%. The company posted a $0.5 million operating loss but secured a $4 million hermetic packaging order after quarter-end and received a Navy contract extension. CPS is planning a move to a larger facility later in 2026 to support growth and has onboarded a new CFO, Chris Fraser. Despite short-term margin pressures, CPS expects revenue growth and margin improvement in upcoming quarters.