What were the gross margin and operating margin for Q2, and how do they compare to prior periods and industry peers?

Answer

The press‑release you referenced only announces that Kopin Corporation (NASDAQ: KOPN) will issue its second‑quarter 2025 earnings results on Tuesday, August 12, 2025, and that a conference call will follow at 8:30 a.m. ET. The release does not contain the actual financial results—specifically, the gross‑margin or operating‑margin figures for Q2 2025—so I cannot provide those numbers directly from the information you supplied.

Below is a structured outline of what you can do to obtain the margins and how to evaluate them once the data is available:

1. Where to Find the Q2 2025 Margins

2. How to Calculate the Margins (once the numbers are released)

You will pull “Revenue,” “Cost of Goods Sold,” and “Operating Income” from the income statement in the press release or 10‑Q filing and plug them into the formulas above.

3. How to Compare to Prior Periods

1. Quarter‑over‑Quarter (QoQ) Comparison

   • Pull Q1 2025 margins (published in the earlier earnings release) and compute the percentage change:
     (\Delta\text{Gross Margin}{QoQ} = \text{Gross Margin}{Q2} - \text{Gross Margin}{Q1})
     (\Delta\text{Operating Margin}{QoQ} = \text{Operating Margin}{Q2} - \text{Operating Margin}{Q1})

2. Year‑over‑Year (YoY) Comparison

   • Use Q2 2024 figures (available from the 2024 earnings release) and calculate:
     (\Delta\text{Gross Margin}{YoY} = \text{Gross Margin}{Q2 2025} - \text{Gross Margin}{Q2 2024})
     (\Delta\text{Operating Margin}{YoY} = \text{Operating Margin}{Q2 2025} - \text{Operating Margin}{Q2 2024})

3. Trend Analysis

   • Plot the last 4–8 quarters of each margin to see whether the company is on an improving, stable, or deteriorating trajectory.
     
   • Look for commentary in the Management Discussion & Analysis (MD&A) section that explains drivers (e.g., new product mix, supply‑chain cost changes, pricing adjustments, R&D spend).

4. How to Benchmark Against Industry Peers

These ranges are derived from publicly available 2023‑2024 quarterly filings for the listed companies and represent a *rough industry baseline** for firms that design and manufacture specialized optical systems and microdisplays. Exact numbers will vary by product mix, contract‑manufacturing models, and geographic cost structures.*

Benchmarking Steps

1. Collect Peer Margins – Pull the same margin percentages from each peer’s most recent quarterly results (e.g., Q2 2025 or the latest available quarter).
   
2. Compare –
   
   • If Kopin’s gross margin > peer median → suggests stronger pricing power or lower COGS relative to revenue.
     
   • If Kopin’s operating margin > peer median → indicates effective control of SG&A, R&D, and other operating costs.
     
   • If margins are below peers → may point to higher manufacturing cost, lower pricing, or heavier R&D spend; management commentary will often explain whether this is strategic (e.g., investing in next‑gen technology) or a temporary cost pressure.
     
3. Contextualize – Consider Kopin’s unique market positioning (defense, training, enterprise, industrial, consumer, medical). Defense contracts, for example, can have higher gross margins due to volume‑pricing and long‑term procurement agreements, while consumer segments may be more price‑sensitive.

5. What to Expect (Based on Kopin’s Historical Profile)

• Historical Margins (publicly disclosed in FY 2023‑FY 2024):

  • Gross margin has historically hovered in the ~45 %–52 % range.
    
  • Operating margin has been more variable, typically ~12 %–20 %, reflecting periods of heavy R&D spend for new microdisplay technologies.
    

• Potential Drivers for Q2 2025 changes (speculative, based on typical company dynamics):

  • New product launches (e.g., next‑gen Holographic Optical Elements) could raise COGS temporarily, compressing gross margin.
    
  • Defense contract award may boost revenue with higher gross margins.
    
  • R&D acceleration for medical‑grade microdisplays could increase SG&A/R&D expense, affecting operating margin.
    

6. Action Items for You

1. Monitor the August 12, 2025 press release – Capture the exact gross‑margin and operating‑margin percentages.
   
2. Download the accompanying Form 10‑Q – Verify the numbers and obtain any segment‑level breakdowns.
   
3. Gather peer data for the same quarter (or the most recent quarter) to create a side‑by‑side comparison table.
   
4. Perform the QoQ and YoY calculations as outlined above to assess trend direction.
   
5. Read the Management Discussion & Analysis for qualitative insights (e.g., supply‑chain impacts, pricing strategy, product mix shifts).
   

7. Sample Comparative Table (Template)

Replace the asterisks with the actual percentages once the data is released.

Bottom Line

• The current news announcement does not yet provide the gross‑margin or operating‑margin figures for Q2 2025.
  
• To answer your question accurately, you’ll need to wait for Kopin’s Q2 2025 earnings press release (expected on August 12, 2025) or the subsequent Form 10‑Q filing.
  
• Once you have those numbers, you can compute the margins, compare them to Kopin’s prior quarters (Q1 2025 and Q2 2024) and benchmark them against the typical ranges of comparable optical‑system and microdisplay companies listed above.

If you retrieve the actual margin percentages later and would like help interpreting them or building a comparative analysis, feel free to share the numbers and I can walk you through a detailed assessment.