Solitron Devices, Inc. reported significant financial improvements in its latest quarterly filing, with net sales for the three months ending August 31, 2026, reaching $5.657 million, a 42% increase from $3.986 million in the same period last year. For the six-month period, net sales surged 66% to $11.093 million compared to $6.686 million in the prior year. The company attributed this growth to an increase in backlog and updated pricing on certain products. Gross profit also saw a substantial rise, climbing to $2.748 million for the quarter, up from $835,000, and to $5.213 million for the six months, compared to $1.225 million in the previous year.
The company's operating income turned positive, reporting $1.715 million for the three months ended August 31, 2026, compared to an operating loss of $291,000 in the same quarter of 2025. For the six-month period, operating income was $3.250 million, a significant turnaround from a loss of $669,000. This improvement was driven by higher revenues and a decrease in the cost of sales as a percentage of net sales, which fell to 51% for the quarter and 53% for the six months, down from 79% and 82%, respectively, in the prior year.
Solitron's operational metrics also reflected positive trends, with net bookings for the three months increasing by 48% to $6.416 million, and backlog rising 29% to $24.112 million as of August 31, 2026. The company shipped 24,620 units in the latest quarter, up from 20,805 units a year earlier. The company’s customer base remains heavily reliant on government contracts, with approximately 58% of sales attributed to customers whose products are sold to the U.S. government.
Strategically, Solitron completed the acquisition of Micro Engineering Inc. in September 2023, which is expected to enhance its capabilities in low to mid-volume projects requiring engineering and manufacturing expertise. The company also reported an increase in cash and cash equivalents to $7.357 million as of August 31, 2026, up from $3.914 million at the end of February 2026, indicating improved liquidity. Looking ahead, Solitron anticipates continued growth driven by its strategic initiatives and increased demand for its semiconductor products, while also considering potential acquisitions and investments in higher-yielding debt instruments.
About SOLITRON DEVICES INC
Solitron Devices, Inc. designs, manufactures, and markets solid-state semiconductor components primarily for military and aerospace applications. Its products include power transistors, MOSFETs, hybrids, and voltage regulators, serving government, defense, and aerospace markets. The company emphasizes high reliability, custom solutions, and compliance with military standards, competing on quality and performance in a highly regulated, niche industry with significant customer concentration.
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