Solitron Devices Inc

solitrondevices.com

What Do They Do?

Builds custom semiconductor components, including power transistors and hybrid circuits, for the U.S. government and defense, aerospace, and electronics customers.

How Do They Make Money?

Customers pay a fixed price per unit, and Solitron invoices each order when products ship.

FY2026 revenue

Who Are Their Customers?

Custom products go to the U.S. government and defense or aerospace companies; standard products also reach the broader electronics industry, with some sales through distributors.

Customers above 10% of revenue, FY2026

of revenue from two customers (33%, 27%)

FY2025: 69% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2026 and turned 6 cents into free cash flow.

Operating income, FY2026

10% of revenue

▲ +62% vs FY2025 ($998K, 7%)

Net income, FY2026

5% of revenue

▼ −1% vs FY2025 ($815K, 6%)

Free cash flow, FY2026

6% of revenue

▲ +83% vs FY2025 ($560K, 4%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Aug 31, 2026

Revenue: ▲ +42%; vs $4M in Q2 FY2026
Net income: ▲ Now profitable; vs −$234K in Q2 FY2026

Growing. Revenue grew 38% in 4 years, from $12.3M in FY2022 to $17M in FY2026, about 8% a year.

Component design work Alongside semiconductor components, the latest report describes MEI's work on electronic-component design layout and manufacturing challenges for customer projects.

Who Do They Compete With?

Competes with Infineon Technologies, Microsemi, Anaren, NEOTech, and Sensitron Semiconductor

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