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Payton Planar Magnetics (PAY) investor relations material
Payton Planar Magnetics Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operates globally in planar and conventional transformers, with subsidiaries in the US and UK and a strategic stake in a Hong Kong-based manufacturer.
Faced a challenging environment in H1 2026 with global economic slowdown, higher raw material and labor costs, and currency headwinds.
Order backlog increased to $23.3M as of June 30, 2026, up from $17.4M at year-end 2025, indicating potential future growth.
Proposed merger with parent company was terminated in June 2026 after market feedback and lack of shareholder support.
Net profit for H1 2026 was $2.26M, a significant decrease from $6.0M in H1 2025.
Financial highlights
H1 2026 revenues were $20.48M, down 11% year-over-year from $23.0M in H1 2025.
Gross profit for H1 2026 was $8.18M (40% margin), down from $10.3M (45% margin) in H1 2025.
Operating profit dropped to $2.1M from $5.47M in H1 2025.
Cash and short-term deposits totaled $59.89M at June 30, 2026, up from $58.2M at December 31, 2025.
Operating cash flow for H1 2026 was $2.34M, down from $5.47M in H1 2025.
Outlook and guidance
Management expects continued economic uncertainty, high raw material and labor costs, and currency volatility in the coming months.
Order backlog growth signals potential for improved sales in the next nine months.
- Q1 2026 saw lower sales and profit, higher backlog, and merger negotiations underway.PAY
Q1 2026 - Net profit fell 17% to $11.1M on lower sales, but gross margin and cash position improved.PAY
Q4 2025 - Revenue and profit fell, but margins and cash remained strong amid a major acquisition.PAY
Q3 2025 - Revenue and profit fell, but gross margin and cash remained strong amid global headwinds.PAY
Q2 2025 - Net profit rose to USD 11.2M on 4% higher sales, but order backlog and demand face headwinds.PAY
Q3 2024 - Sales and profit rose year-over-year, but macro risks are expected to intensify in H2 2024.PAY
Q2 2024 - 2024 profit and revenue declined, but Payton expands globally and maintains strong financials.PAY
Q4 2024 - Revenue down 8% in Q1 2025, but strong cash and $10M acquisition support future growth.PAY
Q1 2025
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