Revenue missed consensus by ~11%, but EPS matched estimates and the company swung to profitability. The $0.77M non-recurring tariff refund boosted results; strip it out and operating income was roughly breakeven. Monitor whether the company can sustain revenue growth without tariff refunds and whether the working capital deficit and reliance on short-term bank borrowings increase.
Price Chart
Executive Summary
FST Corp. reported Q3 2026 revenue of $12.80M, up 2.0% YoY, and net income attributable to shareholders of $290,819 ($0.01 per share) vs. a net loss of $672,771 ($(0.02)) in Q3 2025. Results included a $0.77M non-recurring IEEPA tariff refund that drove most of the operating income improvement. Revenue slightly missed the $14.4M consensus estimate, while EPS of $0.01 matched consensus.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $12,804,404, up 2.0% from $12,554,939 in Q3 2025
- Net income attributable to shareholders of $290,819 ($0.01 per share) vs. net loss of $672,771 ($(0.02)) in Q3 2025
- Operating income of $31,405 vs. operating loss of $946,709 in Q3 2025
- Gross profit margin improved to 49% from 39%, including a $0.77M non-recurring IEEPA tariff refund recorded as a reduction of cost of sales
- Revenue of $12.80M missed consensus estimate of $14.4M; EPS of $0.01 matched consensus of $0.01
- Working capital deficit of $2.54M with $20.52M in short-term bank borrowings
- Company repurchased 66,577 ordinary shares for $69,861 under a $3.0M buyback program
- FST Taiwan became a wholly owned subsidiary on August 28, 2026
Financial Impact
Revenue of $12.80M vs. consensus $14.4M (miss of ~11%); EPS of $0.01 vs. consensus $0.01 (in line); net income of $0.29M vs. net loss of $0.72M YoY
Risk Factors
- Revenue missed consensus by ~11%, indicating top-line weakness relative to expectations
- Working capital deficit of $2.54M with $20.52M in short-term bank borrowings that require renewal or refinancing
- Non-recurring IEEPA tariff refund of $0.77M accounted for most of the operating income improvement; core profitability remains thin
- Foreign exchange and tariff policy uncertainties could impact future results
- Small market cap ($60M) and OTC listing may limit liquidity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-113817 |
| Document: ea0309951-6k_fst.htm | 0001213900-26-113817 |
| Document: ea030995101ex99-2.htm | 0001213900-26-113817 |
| Document: ea030995101ex99-3.htm | 0001213900-26-113817 |
| Document: 0001213900-26-113817-index-headers.html | 0001213900-26-113817 |
| Document: 0001213900-26-113817-index.html | 0001213900-26-113817 |
| Document: 0001213900-26-113817.txt | 0001213900-26-113817 |
| Earnings Context (Synthetic; results releases only) | 0001213900-26-113817 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 6-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $1.29 | awaiting T+60 | awaiting T+60 | $1.37 (+6.20%) |
Jul 28, 2026 13w ago | 6-K | $0.8900 $1.45 | ▲ +62.92% | ▲ +58.19% | $1.37 (+53.93%) |
Jul 7, 2026 16w ago | 6-K | $0.9668 $1.64 | ▼ −69.63% | ▼ −67.43% | $1.37 (−41.70%) |
Jul 2, 2026 17w ago | 424B5 | $0.9501 $1.50 | ▼ −57.88% | ▼ −54.87% | $1.37 (−44.20%) |
US Market Status
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