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908 Devices MASS Q2 2026 earnings

Reported August 11, 2026 · Before market open

Revenue$16.1MBeat by $700.0K
EPS-$0.11Beat by $0.03
Revenue estimate$15.4M
EPS estimate-$0.14
“We delivered another strong quarter, growing revenue 23% year-over-year, while narrowing our Adjusted EBITDA loss by more than half compared to a year ago. Our momentum with U.S. state and local customers remained particularly strong, representing more than half of our revenue, as agencies modernize to address today's threats and hazards. Our newest FTIR product, VipIR, is leading that charge, and we surpassed our 100th unit shipped since launch. With the same commercial channel behind that momentum, we are now introducing NIRLab to the U.S. market. In just our first 60 days since deal close, we have engaged hundreds of prospects nationwide across more than 30 agencies. With a robust pipeline of opportunities, we are confident in our team's ability to deliver, and we remain committed to the disciplined execution of our strategy.”
Kevin J. Knopp

Next report

Nov 9, 2026 (in a month)
Revenue estimate$18.3M
EPS estimate-$0.16

Financials

Q2 2026

Income statement

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Revenue$16.1M+23.3%
Gross profit$8.3M+30.9%
Operating income-$12.8M+15.5%
Net income-$11.9M+10.6%
EPS (diluted)-$0.32+13.5%

Balance sheet

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Cash & equivalents$63.0M+2.1%
Total debt$4.3M-3.0%
Total equity$126.8M-14.8%
Total assets$197.5M+3.0%

Cash flow

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Operating cash flow$3.2M+155%
CapEx$162.0K+32.8%
Free cash flow$3.0M+151%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$517.08M+63.8%
Enterprise value$458.36M+78.1%
P/S8.5×+2.6×

Profitability

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Gross margin52.2%+3.0pp
Operating margin-69.1%-21.4pp
Net margin-57%+109pp
FCF margin-1.2%-0.6pp

Returns & leverage

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Return on equity-25.2%-336pp
Debt / equity0×0.0×
Current ratio2.7×-2.3×

Segments

By geography

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EMEA$2.3M+68.5%
Asia Pacific$1.5M+130%
Americas Other$383.0K+463%

By product

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Device Sales$11.0M+33.1%
Recurring$4.9M+4.5%
Contract$104.0K+420%

By segment

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Single Reportable$16.1M+23.3%

FAQ

When did 908 Devices report Q2 2026 earnings?
908 Devices (MASS) reported Q2 2026 earnings on August 11, 2026 before market open.
What were 908 Devices's Q2 2026 revenue and EPS?
908 Devices reported revenue of $16.1M and eps of $-0.11 for Q2 2026.
Did 908 Devices beat estimates in Q2 2026?
Revenue beat the consensus estimate of $15.4M by $700.0K. EPS beat the consensus estimate of $-0.14 by $0.03.
How did 908 Devices's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.3% from $13.0M a year earlier and eps grew 38.9% from $-0.18.
Where can I find 908 Devices's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-093717) and the 10-Q periodic report (0001104659-26-093731) directly on SEC EDGAR. The filing index links above go to sec.gov.