Earnings ·
UTStarcom Holdings Corp. reported unaudited financial results for the first half of 2026 ending June 30, 2026
UTSIUtstarcom Holdings Corp.
UTStarcom Holdings Corp. reported unaudited financial results for the first half of 2026 ending June 30, 2026. Total revenues declined 26.1% to $3.4 million from $4.6 million in the prior year period, driven by lower equipment sales and reduced service project volume. The company reported a gross loss of $0.5 million compared to a gross profit of $0.8 million previously, resulting in an operating loss of $6.0 million versus $4.2 million. Net loss attributable to shareholders widened to $5.1 million from $3.7 million, with basic net loss per share increasing to $0.55 from $0.41. Cash and restricted cash decreased 27.2% to $35.8 million. The company continues developing Optical Circuit Switching solutions for AI data center infrastructure while maintaining existing support contracts. UTStarcom is a global telecommunications infrastructure provider specializing in mobile backhaul, metro aggregation, and broadband access equipment.