NextVision Stabilized Systems (NXSN) Q1 2026 earnings summary

Executive summary

• Achieved 87% revenue growth target for 2026, with a $315M revenue goal and $288.6M order backlog as of May 2026.

• Q1 2026 revenue reached $67.4M, up 86.4% year-over-year, driven by increased demand and new customer orders.

• Net profit for Q1 2026 was $38.3M, up from $20.6M in Q1 2025, reflecting strong operational performance.

• Maintains a global leadership position in stabilized video solutions for defense, commercial, and civilian markets.

• Launched 2-3 new products in 2026, expanding R&D and production capacity to over 5,000 units/month by year-end.

Financial highlights

• Q1 2026 revenues reached $67.4M, up from $36.2M in Q1 2025; gross profit rose to $45.3M from $26.5M.

• Operating profit for Q1 2026 was $38.3M, up from $22.2M year-over-year; net profit increased to $38.3M from $20.6M.

• Order backlog grew 134% year-over-year to $288.6M as of May 10, 2026.

• Cash and short-term deposits totaled $542.4M at quarter-end.

• Dividend of $51.8M was distributed in March 2026.

Outlook and guidance

• 2026 revenue target set at $315M, representing 87% growth over 2025.

• Management anticipates continued strong demand due to global security trends and increased defense budgets.

• Plans to double production capacity and continue launching new products annually.

• Strategic focus on expanding AI capabilities, R&D investment, and customer base.