Surge Components, Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales $10.1 million, down 1.8% year over year
- ➤Q3 net income $218,032, with EPS of $0.04
- ➤Nine-month net sales rose 4.6% to $27.6 million
- ➤Nine-month gross margin expanded 40 basis points to 29.1%
- ➤Cash and marketable securities totaled approximately $14.2 million
Expert Statements
Ira Levy, President and Chief Executive Officer of Surge Components
“We are pleased to deliver another profitable quarter while continuing to invest in global sales expansion, engineering talent, and long-term growth initiatives.”
Ira Levy, President and Chief Executive Officer of Surge Components
“During the quarter, we continued to actively expand our global reach in Europe and Asia, adding regional offices and sales talent to support long-term growth opportunities.”
Ira Levy, President and Chief Executive Officer of Surge Components
“Beyond our direct customer relationships, distribution channels and sales through subcontractors that manufacture on behalf of customers continue to represent an important avenue for expanding our reach to a broad base of end customers.”
Ira Levy, President and Chief Executive Officer of Surge Components
“As demand across the AI ecosystem continues to grow, supply constraints and longer lead times may emerge across parts of the industry.”
Ira Levy, President and Chief Executive Officer of Surge Components
“With shorter lead times from our manufacturing partners, we believe we are well positioned to help customers secure critical products and expect to pursue opportunities within the AI ecosystem.”
Ira Levy, President and Chief Executive Officer of Surge Components
“Furthermore, industry-wide shortages of certain electronic components, including memory devices, have resulted in not only longer lead times across the market, but also higher prices.”
Ira Levy, President and Chief Executive Officer of Surge Components
“Against this backdrop, our competitive pricing and shorter lead times position us well to support customers, gain market share, and capitalize on growth opportunities.”
Ira Levy, President and Chief Executive Officer of Surge Components
“Moreover, our strong balance sheet provides ample flexibility to support investments in growth initiatives and expand commercial capabilities.”
Ira Levy, President and Chief Executive Officer of Surge Components
“We believe our strategic initiatives and unique value proposition that combines speed, competitive pricing, cutting-edge products, and ease of doing business position us well for continued growth and value creation through 2026 and beyond.”
* Delivered Q3 Net Sales of $10.1 Million, Gross Profit of $2.7 Million, and earnings per share of $0.04
* For the nine-month period ended August 31, 2026, on a year-over-year basis, Net Sales rose 4.6%, Gross Profit rose 6.1%, and Gross Margin rose 40 basis points
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