LPKF reported October 29 that revenue fell 28.1% to €60.3 million in the first nine months of 2026, citing weak solar business and delayed advanced-packaging orders.
Its operating loss widened to €12.8 million from €3.3 million a year earlier. The adjusted operating loss was €8.9 million, compared with €0.8 million, and free cash outflow increased to €11.7 million from €5.4 million.
Orders were nearly unchanged at €65.1 million, while the September-end backlog stood at €31.9 million.
LPKF said customers’ shift toward perovskite solar technology was delaying investment. It also said the transition of its glass-processing technology from semiconductor development projects into production applications was taking longer than expected.
The company retained its September 30 forecast for annual revenue of €93 million–€100 million and an adjusted operating margin between minus 7% and minus 2.5%. Thursday’s statement did not introduce another forecast cut.
LPKF said the first phase of its North Star efficiency program was complete, with expected annual savings exceeding €8 million taking effect gradually. Its target remains a double-digit operating margin by 2028.
Sources: LPKF — October 29 Results: https://www.eqs-news.com/news/corporate/lpkf-presents-quarterly-financial-report/ae51ef42-77d5-4cc7-9ff2-c39106276b35_en