PIXELWORKS, INC (PXLW) Form 10-Q — Aug 11, 2026
Pixelworks' 10-Q for the quarter ended June 30, 2026 reflects its first full quarter as a post-divestiture company after closing the ~$51.3 million net sale of its PWSH semiconductor unit to Tiansui Xinyuan Technology on January 6, 2026, which generated an $85.2 million after-tax gain. Continuing operations are now almost entirely TrueCut Motion licensing and services: Q2 revenue was just $64 thousand, down 60% year over year, with a $2.8 million net loss from continuing operations; the $77.8 million first-half net income came entirely from the one-time sale gain.
Key figures
- Eps
- $(0.44) Q2 2026 diluted; $12.07 1H 2026 diluted (includes sale gain)
- Revenue
- $64 thousand Q2 2026 / $510 thousand 1H 2026 (continuing operations)
- Net Income
- $77.8 million 1H 2026 net income (driven by $85.2 million sale gain); $(2.8) million Q2 2026 net loss
- Total Debt
- none (total liabilities $2.1 million)
- Revenue Yoy
- -60% Q2 YoY / +221% 1H YoY
- Total Assets
- $54.1 million
- Cash Position
- $52.9 million at June 30, 2026 (vs $11.2 million at Dec 31, 2025)
- Deal Value Usd
- ~$51.3 million net proceeds from PWSH sale (RMB 357 million from Buyer)
- Shares Outstanding
- 6049393
- Buyback remaining
- $1.8 million as of June 30, 2026
- Gain on sale pwsh
- $85.2 million after-tax
- Sale net proceeds
- $51.3 million
- Accumulated deficit
- $450.6 million
- Reverse split ratio
- 1:12 (effected June 6, 2025)
- Shareholders equity
- $52.0 million (vs $1.8 million at Dec 31, 2025)
- Workforce reduction
- approximately 43% of continuing operations
- Buyback authorization
- $5.0 million over two years (approved March 30, 2026)
- Revenue concentration
- single customer >10% of revenue; all continuing-ops revenue originated in Australia
- Restructuring expense 1h26
- $2.1 million
- Buyback repurchased q2 2026
- 464 thousand shares for $3.2 million (avg ~$6.90/share)
Price after filing
Close on the filing date to close N calendar days later (from $6.54). Historical, not a forecast.
AI analysis
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