Business
NextVision Updates 2026 Revenue Target to ~$315m, Representing 87% YoY growth
NextVision Stabilized Systems Ltd. (TASE: NXSN), a technology growth company that develops, manufactures and markets stabilized day- and night-vision imaging solutions for ground and aerial platforms such as micro and mini UAVs and drones, with industry-leading weight-to-size and performance ratios, today announced its financial results for the first quarter of 2026.
About this update from Nextvison Stabilized Systems, Ltd.
[{"type":"text","content":"First Quarter Revenue Growth of 86% YoY to $67.4m and Net Income of $38.3m","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"Doubling Production Capacity by the End of 2026 to Support Strong Demand","length":72,"tagName":"p","attribs":{}},{"type":"text","content":"North America Continues to Lead the Pace of Growth","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"Strong Order Backlog and High Business Visibility","length":49,"tagName":"p","attribs":{}},{"type":"text","content":"RA'ANANA, Israel, May 11, 2026 /PRNewswire/ -- NextVision Stabilized Systems Ltd. (TASE: NXSN), a technology growth company that develops, manufactures and markets stabilized day- and night-vision imaging solutions for ground and aerial platforms such as micro and mini UAVs and drones, with industry-leading weight-to-size and performance ratios, today announced its financial results for the first quarter of 2026.","length":425,"tagName":"p"},{"type":"text","content":"Chen Golan, Chairman of NextVision, commented: "We are concluding another quarter of very strong growth, reflecting continued robust demand for the Company's products, deeper engagement with leading strategic customers, and a stronger market position. North America continues to lead our growth, both through the expansion of large-scale projects with existing customers and through the addition of new customers. At the same time, we continue to invest in expanding production capacity, strengthening the supply chain and increasing inventory in order to support strong demand and shorten delivery times. The combination of financial strength, a significant order backlog and a leading position in the Aerospace & Defense market reinforces our ability to continue delivering consistent growth and creating significant value for our customers and shareholders. In light of the continued business momentum and strong results, we have updated our 2026 revenue target to $315 million."","length":1005,"tagName":"p","attribs":{}},{"type":"text","content":"Financial Highlights for Q1 2026","length":32,"tagName":"p"},{"type":"text","content":"Revenue grew 86.3% to $67.4 million, compared to $36.2 million in the same quarter last year, driven by continued strong demand from strategic customers, growth in order volumes, and expansion of activity ...