NextVision Stabilized Systems (NXSN) Q3 2026 earnings summary

Executive summary

• Q1-Q3 2026 revenue was $261.927m, up 117% YoY; net profit reached $151.968m and backlog was $209.3m.

• Q3 revenue reached $106.386m, the first quarter above $100m; the FY26 revenue target was raised to $355m, implying 111% growth vs. 2025.

• A European production line began operating in Q3; priorities include scaling production, expanding international manufacturing, increasing R&D and AI capabilities, and broadening the customer base.

Financial highlights

• Q1-Q3 revenue was $261.927m, gross profit $173.724m and operating profit $155.925m, up 117.3%, 102.9% and 112% YoY, respectively.

• Q1-Q3 net profit was $151.968m, up 111% YoY; Q3 net profit was $60.057m.

• Q3 revenue was $106.386m, gross profit $70.981m and operating profit $65.772m.

• Q1-Q3 operating cash flow was $128.428m; investing cash flow was $(151.083)m, mainly short-term deposits, and financing cash flow was $(41.716)m, mainly the dividend.

• Q1-Q3 R&D expense was $4.970m versus $3.914m; SG&A was $12.829m versus $8.150m.

Outlook and guidance

• FY26 revenue target was raised to $355m, representing 111% growth vs. 2025; the Board specified this is a target, not an estimate or projection.

• Management expects high-double-digit growth in 2027; a formal growth target was expected by year-end or early January.

• Production capacity rose from 1,500 units/month at the start of 2026 to over 4,000, with a target of more than 5,000 units/month by year-end.

• A post-period order for ~$24m was received October 6 and received regulatory approval October 13, 2026.