LightPath Technologies posts record fiscal 2026 revenue of $71.7 million and a 197% backlog increase, driven by strong defense demand and a strategic shift toward high-margin optical assemblies.
Record fiscal 2026 revenue nearly doubled, margins expanded, adjusted EBITDA turned positive, backlog surged 197%, and defense demand remains strong.
LightPath Technologies reported record fiscal 2026 results, with revenue nearly doubling to $71.7 million and adjusted EBITDA turning positive at $4.2 million. The company is aggressively pivoting toward high-margin defense and camera assemblies, supported by a record $110.9 million backlog and a strategic exit from Chinese manufacturing operations.
Growth is primarily driven by a shift toward higher-value assemblies, modules, and camera products, alongside robust demand from defense programs including Counter-UAS and drone-related optics.