CVD Equipment Q2 net income $12.6M on SDC sale gain; revenue fell 42.6%
CVD Equipment reported second-quarter 2026 results that were driven by the April 1, 2026 sale of its SDC division for $17.4 million. Net income of $12.6 million included a $13.9 million gain on the divestiture, while revenue from continuing operations fell 42.6% to $2.0 million and the continuing-operations loss widened. Shareholders should note that a customer tied to a $0.8 million system order has filed a prepackaged Chapter 11 case, which the company is still evaluating.
Key points
- Revenue from continuing operations was $2.0 million, down 42.6% from the prior-year quarter.
- Net loss from continuing operations was $1.4 million, or $0.20 per share, versus $0.19 per share a year earlier.
- Net income of $12.6 million included a $13.9 million gain on the SDC divestiture; cash rose to $23.5 million with no long-term debt.
- A customer tied to a $0.8 million system order filed a prepackaged Chapter 11 case after quarter-end; backlog was $3.9 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.