Socket Mobile Reports Q2 2026 Earnings Amid Revenue Decline
Socket Mobile (SCKT) reported second-quarter revenue of $3 million for the quarter ended June 30, 2026. This marked a decline from both the previous year's $3.9 million and the first quarter of this year at $3.7 million, primarily due to weakness in its retail scanning business. The company also experienced a drop in gross margin to 46.4%, down from 51.3% in Q1 2026 and 49.9% in the same quarter of 2025. This was attributed to underutilized manufacturing capacity at current production levels, which increased fixed costs as a percentage of revenue. Operating expenses were reduced slightly to $2.6 million due to headcount reductions and cost-cutting measures. Socket Mobile is shifting its focus toward the industrial scanning market, where it now generates 10% of total revenue through direct sales to enterprise customers. The company also plans to streamline operations by eliminating non-revenue producing products and implementing AI across departments starting in Q3.
Topics: cash_balance ebitda gross_margin operating_loss revenue