EPS matched consensus but revenue missed by ~11%, and the company's working capital deficit and reliance on short-term bank borrowings remain risks. Monitor the next quarterly filing for revenue growth trajectory and any refinancing of the $20.5M short-term debt.
Price Chart
Executive Summary
FST Corp. reported Q3 2026 revenue of $12.8M, a 2.0% YoY increase, and net income of $291K versus a net loss in the prior year. EPS of $0.01 matched the consensus estimate of $0.01, while revenue of $12.8M missed the $14.4M consensus. The company maintained a working capital deficit and provided only qualitative guidance for continued revenue growth.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $12,804,404, up 2.0% YoY from $12,554,939
- Net income $291,001 vs net loss of $715,955 in Q3 2025
- EPS $0.01 per ADS, matching consensus of $0.01
- Revenue of $12.8M missed consensus of $14.4M
- Operating income $31,405 vs operating loss of $946,709 in prior year
- Working capital deficit of $2,536,130 with $20.5M in short-term bank borrowings
- Cash and cash equivalents $6.13M, restricted cash $517,340
- Repurchased 66,577 shares for ~$69,861 during Q3; $2.93M remaining under $3.0M buyback program
- Acquired remaining non-controlling interests in FST Taiwan for $247,409 on August 28, 2026
- Management provided only qualitative guidance for continued revenue growth in Q4 2026
Financial Impact
Revenue miss of ~$1.6M vs consensus; EPS in line; net income swing positive of ~$1.0M YoY
Risk Factors
- Revenue missed consensus by ~$1.6M despite 2% YoY growth
- Working capital deficit of $2.5M with $20.5M in short-term bank borrowings that require renewal or refinancing
- Qualitative guidance only; no quantitative outlook provided
- Small market cap ($60M) amplifies impact of any operational or financing misstep
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391857 |
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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