Neonode (NEON) Projected to Release Earnings on Wednesday

Neonode (NASDAQ:NEON) is projected to announce its Q2 2026 results before the market opens on Wednesday, August 12th. Analysts expect Neonode to announce earnings of ($0.11) per share and revenue of $0.8760 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, August 12, 2026 at 9:30 AM ET.

Neonode (NASDAQ:NEON) last released its earnings results on Wednesday, May 13th. The electronics maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Neonode had a net margin of 386.64% and a negative return on equity of 34.66%. The company had revenue of $0.61 million for the quarter, compared to the consensus estimate of $0.66 million.

Neonode Stock Up 4.3%

Shares of NEON stock opened at $0.91 on Wednesday. The firm has a market cap of $15.20 million, a P/E ratio of -2.83 and a beta of 1.09. The company has a 50 day moving average of $1.07 and a 200-day moving average of $1.45. Neonode has a 12-month low of $0.72 and a 12-month high of $26.95.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Neonode during the first quarter valued at about $393,000. Jane Street Group LLC boosted its stake in Neonode by 137.1% during the first quarter. Jane Street Group LLC now owns 47,320 shares of the electronics maker’s stock valued at $385,000 after buying an additional 27,358 shares during the period. JPMorgan Chase & Co. purchased a new position in Neonode during the second quarter worth about $127,000. Legal & General Group Plc purchased a new position in Neonode during the second quarter worth about $29,000. Finally, Rhumbline Advisers bought a new position in Neonode in the 2nd quarter worth about $385,000. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEON. Weiss Ratings reiterated a “sell (d)” rating on shares of Neonode in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Neonode to a “sell” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.00.

About Neonode

Neonode AB (NASDAQ: NEON) is a technology company specializing in optical-based user interface solutions for electronic devices. The company develops sensor and software platforms that allow touch, gesture and hover interactions through the projection and detection of infrared light. Neonode’s offerings are designed to enable intuitive, reliable and low-power human-machine interfaces across a variety of device categories.

At the core of Neonode’s portfolio are its zForce and Neonode software products, which can be integrated into consumer electronics, automotive systems, home appliances, industrial equipment and Internet of Things applications.