Solitron Devices Reports Strong Q3 Sales, Bookings, and 124% Backlog Growth
SODI sits 44% above its 52-week low of $14 on light trading volume (0.3× avg).
Summary
Solitron Devices announced strong fiscal Q3 2026 results with significant increases in sales, bookings, and a 124% growth in backlog, indicating robust demand and future revenue potential.
Key Events · Earnings and Guidance · SODI
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Strong Q3 Revenue Growth
Net sales increased 49% year-over-year to $5.02 million in the third quarter of fiscal 2026.
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Significant Bookings Increase
Net bookings surged 73% year-over-year to $13.91 million for the quarter.
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Record Backlog
Backlog grew 124% year-over-year to $27.48 million, providing strong revenue visibility.
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Increased Quarterly Net Income
Net income for the third quarter rose to $0.65 million, or $0.31 per share, compared to $0.27 million, or $0.13 per share, in the prior year.
Analysis · SODI · Manufacturing
Solitron Devices reported robust third-quarter fiscal 2026 results, demonstrating significant operational momentum. The substantial increase in net sales, bookings, and particularly the 124% growth in backlog to $27.48 million, signals strong future revenue potential and demand for the company's specialized semiconductor components. While year-to-date net income was lower due to specific cost factors and a one-time stock grant, the strong quarterly performance indicates a positive trajectory. Investors should monitor continued backlog conversion and new product development initiatives.
At the time of this filing, SODI was trading at $20.15 on OTC in the Manufacturing sector, with a market capitalization of approximately $42.2M. The 52-week trading range was $14.00 to $21.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.