LPKF Laser & Electronics closed today at €10.25, with the stock under pressure over the past month as the price declined about 33%. The Q3 2026 release landed into that weakness and delivered the one thing this high multiple P/S story needed most. The business swung from deep losses earlier in the year to a modest €0.04 basic earnings per share and €0.882 million in net income, putting profitability back on the table. Short term traders reacted to past pain. Longer term holders will be looking at whether this first profitable quarter can anchor the ambitious growth forecasts.
Love the return to profitability at LPKF Laser & Electronics but worried about paying up for a high P/S story that still has plenty to prove? Take a look at our screener of profitable, financially solid ideas with the list of solid balance sheet and fundamentals stocks (202 results).
Q3 2026 Earnings Summary
- Revenue (Q3 2026 vs. Q3 2025): €26.007 million vs. €27.06 million (slight decline year on year)
- Net Income (Q3 2026 vs. Q3 2025): €0.882 million vs. a loss of €2.102 million (move back into profit)
- Basic EPS (Q3 2026 vs. Q3 2025): €0.04 vs. a loss of €0.09 per share (swing to positive earnings per share)
- Trailing 12 Month Net Income (Q3 2026 vs. Q3 2025): loss of €23.013 million vs. loss of €1.01 million (losses remain elevated on a full year view)
Ask Charlie what makes LPKF’s growth outlook worth the losses.
LPKF Bull Case: Early Profit, Big Cycles Still Pending
The bullish story on LPKF Laser & Electronics rests on the prospect of large future equipment cycles, not just a tidy quarter.
"The main thing that has to go right is that glass based advanced packaging and perovskite tandem solar moves from qualification and planning into large scale customer ramp ups."
Q3 profitability and a small €0.882 million net profit indicate that the North Star cost work is having an effect and that the breakeven goal is more realistic. That is an important milestone. What has not appeared yet is evidence of those large glass or perovskite tool clusters. Revenue of €26.007 million and unchanged full year guidance still point to an early phase for the bullish cycle narrative, not yet at scale.
The price and this Narrative do not agree. → Uncover what this Narrative says LPKF Laser & Electronics is actually worth.
LPKF Bear Case: Volume Orders Still Deferred
The worry around LPKF Laser & Electronics is simple. Qualification looks busy, but scale orders keep slipping to tomorrow.
"While joint ventures and public plans for glass based substrates are progressing, LPKF Laser & Electronics remains in a phase where customers are placing only single digit machine orders per site and are still tuning full process chains."
Q3 revenue of €26.007 million with unchanged full year guidance and trailing 12 month losses of €23.013 million show that broad LIDE adoption has not yet translated into sizeable equipment stacks. Profit of €0.882 million helps the restructuring story, but it does not yet contradict the concern that high volume commitments remain outstanding.
Hunt For Mispriced Earnings Power
LPKF Laser & Electronics just reminded investors how quickly sentiment can swing when profits briefly return. The real opportunity is finding companies that could be undervalued before the market resets expectations.
- Company 1 - 20% below our estimate - refines crude into fuels while shifting from exports toward an integrated retail and marketing network.
- Company 2 - 31% below our estimate - manages fee based investment vehicles that direct capital into renewable energy, social infrastructure and regional private equity.
- Company 3 - 37% below our estimate - sells onshore wind turbines as expanding service contracts and a large project backlog reshape revenue toward maintenance work.
Three companies from the same screener. Open all 201 potentially undervalued companies →
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com