olivLaw · US equity research
Data I/O Corporation DAIO
Instruments For Meas & Testing of Electricity & Elec Signals · SIC 3825 · Vertical: Instruments For Meas & Testing of Electricity & Elec Signals (SIC 3825)
Data I/O Corporation designs and sells programming and security deployment systems that prepare flash memory, microcontrollers and secure elements for electronics manufacturers. The company is in the middle of a strategic transformation, with net sales of 21.5 million USD in fiscal 2025 and sales of 5.2 million USD in the second quarter of 2026, which shows how cyclical its equipment base remains.
At the close of 04 Nov 2026, Data I/O Corporation (DAIO) stock was 2.43 USD (+0.21% on the day), with market capitalisation 25.2 m USD, beta 0.77, 52-week range 2.17–4.26 USD. Latest reported quarter (Q2 2026): revenue of 5.1 m USD (−13.4% YoY), net income of -1.6 m USD, diluted EPS -0.17 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 36.7
- weak (30–45)
- Bollinger (20, 2)
- 2.23 – 2.92
- in the lower half of the band · %B 0.28 · band width 26.9%
- SMA 50 / 200
- 2.75 / 2.98
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.12 / -0.11
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −16.1% | −1.1% | −15.0 pp | — |
| 3 months | −19.2% | −0.5% | −18.7 pp | — |
| 6 months | −14.6% | +4.4% | −19.0 pp | — |
| Year to date | −23.5% | +12.3% | −35.8 pp | — |
| 1 year | −19.4% | +13.5% | −33.0 pp | +73.7% |
| 3 years | −19.7% | +76.4% | −96.1 pp | +51.5% |
| 5 years | −56.5% | +63.7% | −120.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.4 m | 5.2 m | 6.2 m | 5.9 m | 5.4 m | 4.0 m | 3.3 m | 5.1 m |
| Cost of revenue | 2.5 m | 2.5 m | 3.0 m | 3.0 m | 2.7 m | 2.3 m | 1.6 m | 2.2 m |
| Gross profit | 2.9 m | 2.7 m | 3.2 m | 3.0 m | 2.7 m | 1.7 m | 1.6 m | 2.9 m |
| Research & development | 1.5 m | 1.7 m | 1.5 m | 1.7 m | 1.7 m | 1.6 m | 1.3 m | 1.4 m |
| SG&A | 1.7 m | 2.3 m | 2.1 m | 2.1 m | 2.4 m | 2.6 m | 3.5 m | 2.3 m |
| Operating income | -325.0 k | -1.3 m | -377.0 k | -844.0 k | -1.4 m | -2.5 m | -3.1 m | -724.0 k |
| Depreciation & amortisation | 111.0 k ≈ | 113.0 k | 127.0 k | 110.0 k ≈ | 132.0 k ≈ | 126.0 k | 115.0 k | 102.0 k ≈ |
| Interest expense | — | — | — | 0 | — | — | — | 873.0 k |
| Pre-tax income | -307.0 k | -1.2 m | -361.0 k | -762.0 k | -1.4 m | -2.5 m | -3.2 m | -1.6 m |
| Income tax | 0 | -779.0 k | 21.0 k | 20.0 k | 0 | 238.0 k | 0 | 0 |
| Net income | -307.0 k | -1.2 m | -382.0 k | -742.0 k | -1.4 m | -2.8 m | -3.2 m | -1.6 m |
| Diluted EPS | -0.03 | -0.03 ≈ | -0.04 | -0.08 | -0.15 | -0.07 ≈ | -0.34 | -0.17 |
| Operating cash flow | 839.0 k ≈ | -1.6 m | 109.0 k | -342.0 k ≈ | -343.0 k ≈ | -1.7 m | -2.2 m | -2.9 m ≈ |
| Capex | 115.0 k ≈ | 188.0 k | 56.0 k | 291.0 k ≈ | 5.0 k ≈ | 206.0 k | 8.0 k | 221.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.2 m | 21.6 m | 20.3 m | 25.8 m | 24.2 m | 28.1 m | 21.8 m | 21.5 m |
| Revenue YoY | −14.2% | −26.2% | −5.7% | +27.1% | −6.3% | +15.9% | −22.4% | −1.2% |
| Net income | 1.6 m | -1.2 m | -4.0 m | -555.0 k | -1.1 m | 486.0 k | -3.1 m | -5.2 m |
| Net income YoY | −70.5% | −173.9% | unavailable | unavailable | unavailable | unavailable | −736.4% | unavailable |
| Diluted EPS | 0.19 | -0.14 | -0.48 | -0.06 | -0.13 | 0.05 | -0.34 | -0.56 |
| Diluted EPS YoY | −70.8% | −173.7% | unavailable | unavailable | unavailable | unavailable | −780.0% | unavailable |
| net % | 5.5% | -5.5% | -19.5% | -2.1% | -4.6% | 1.7% | -14.2% | -24.4% |
| Free cash flow | 1.2 m | -2.7 m | -229.0 k | 787.0 k | -2.1 m | 1.2 m | -1.5 m | -2.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 13.5 m USD
- Total assets
- 20.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 3.46x
- ROE
- -33.6%
- ROA
- -23.2%
- FCF margin
- -13.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 20.3 m | 25.8 m | 24.2 m | 28.1 m | 21.8 m | 21.5 m | SEC (XBRL)· 16 Apr 2026verified |
| Cost of revenue | 9.5 m | 11.1 m | 11.0 m | 11.9 m | 10.2 m | 10.9 m | SEC (XBRL)· 16 Apr 2026verified |
| Gross profit | 10.8 m | 14.7 m | 13.2 m | 16.2 m | 11.6 m | 10.6 m | SEC (XBRL)· 16 Apr 2026verified |
| Research & development | 6.4 m | 6.6 m | 6.1 m | 6.5 m | 6.2 m | 6.5 m | SEC (XBRL)· 16 Apr 2026verified |
| SG&A | 6.9 m | 8.4 m | 7.9 m | 9.2 m | 8.4 m | 9.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Operating income | -3.1 m | -273.0 k | -749.0 k | 448.0 k | -3.0 m | -5.1 m | SEC (XBRL)· 16 Apr 2026verified |
| Depreciation & amortisation | 815.0 k | 667.0 k | 560.0 k | 608.0 k | 564.0 k | 495.0 k | SEC (XBRL)· 16 Apr 2026verified |
| EBITDA | -2.3 m ≈ | 394.0 k ≈ | -189.0 k ≈ | 1.1 m ≈ | -2.5 m ≈ | -4.6 m ≈ | SEC (XBRL)· 16 Apr 2026derived |
| Pre-tax income | -3.6 m | -443.0 k | -437.0 k | 680.0 k | -2.7 m | -5.0 m | SEC (XBRL)· 16 Apr 2026verified |
| Income tax | 387.0 k | 112.0 k | 683.0 k | 194.0 k | -386.0 k | 240.0 k | SEC (XBRL)· 16 Apr 2026verified |
| Net income | -4.0 m | -555.0 k | -1.1 m | 486.0 k | -3.1 m | -5.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Diluted EPS | -0.48 | -0.06 | -0.13 | 0.05 | -0.34 | -0.56 | SEC (XBRL)· 16 Apr 2026verified |
| Weighted average diluted shares | 8.3 m | 8.5 m | 8.7 k | 9.1 m | 9.2 m | 9.3 m | SEC (XBRL)· 16 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 14.2 m | 14.2 m | 11.5 m | 12.3 m | 10.3 m | 7.9 m | SEC (XBRL)· 16 Apr 2026verified |
| Receivables | 2.5 m | 4.0 m | 5.0 m | 5.7 m | 4.0 m | 2.8 m | SEC (XBRL)· 16 Apr 2026verified |
| Inventories | 5.3 m | 6.4 m | 6.8 m | 5.9 m | 6.2 m | 5.7 m | SEC (XBRL)· 16 Apr 2026verified |
| Current assets | 23.3 m | 25.3 m | 23.9 m | 24.6 m | 21.2 m | 17.3 m | SEC (XBRL)· 16 Apr 2026verified |
| Property, plant & equipment, net | 1.2 m | 946.0 k | 1.1 m | 1.4 m | 1.0 m | 807.0 k | SEC (XBRL)· 16 Apr 2026verified |
| Total assets | 25.6 m | 29.1 m | 27.2 m | 27.4 m | 25.0 m | 20.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Accounts payable | 1.2 m | 1.4 m | 1.4 m | 1.3 m | 820.0 k | 1.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Current liabilities | 5.2 m | 6.8 m | 6.3 m | 6.2 m | 5.1 m | 5.0 m | SEC (XBRL)· 16 Apr 2026verified |
| Equity | 19.6 m † | 19.9 m † | 19.1 m † | 20.3 m † | 17.6 m † | 13.5 m † | SEC (XBRL)· 16 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 631.0 k | 1.4 m | -1.1 m | 2.4 m | -995.0 k | -2.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Capex | 860.0 k | 623.0 k | 1.1 m | 1.2 m | 467.0 k | 558.0 k | SEC (XBRL)· 16 Apr 2026verified |
| Free cash flow | -229.0 k ≈ | 787.0 k ≈ | -2.1 m ≈ | 1.2 m ≈ | -1.5 m ≈ | -2.8 m ≈ | SEC (XBRL)· 16 Apr 2026derived |
| Investing cash flow | -860.0 k | -623.0 k | -1.1 m | -1.2 m | -467.0 k | -558.0 k | SEC (XBRL)· 16 Apr 2026verified |
| Financing cash flow | -144.0 k | -423.0 k | -165.0 k | -356.0 k | -232.0 k | -107.0 k | SEC (XBRL)· 16 Apr 2026verified |
| Share repurchases | 0 | — | — | — | — | — | SEC (XBRL)· 26 Mar 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 25.2 m USD
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -50.1% | 0 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -3.9% | 0 (on a fixed band) | 31% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.9x | 94 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -30.1% | 0 (on a fixed band) | 31% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial94/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
DATA I/O CORPORATION (DAIO). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 21.5 m USD in 2025; YoY growth -1.2%; net margin -50.1%; ROE -61.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.9x
What contradicts it
- Net margin: -50.1%
- Revenue CAGR 3Y: -3.9%
- FCF yield: -30.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Instruments For Meas & Testing of Electricity & Elec Signals (SIC 3825) · same industry (4-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TERTeradyne, Inc. | 39.2 bn | 28.8 | 42.9% | 27.5% | +13.1% | +38% / +172% |
| VLTOVeralto Corporation | 28.5 bn | 28.9 | 33.0% | 17.3% | +6.0% | +16% / +51% |
| ITRIItron, Inc. | 4.5 bn | 16.4 | 16.5% | 12.1% | −3.0% | +3% / +51% |
| COHUCohu, Inc. | 2.1 bn | — | -2.8% | -4.0% | +12.7% | +81% / +39% |
| AEHRAehr Test Systems | 2.0 bn | — | -4.2% | -14.3% | −15.2% | +165% / +165% |
| ALNTAllient Inc | 1.4 bn | 35.8 | 12.1% | 6.2% | +4.6% | +48% / +205% |
| TRNSTranscat, Inc. | 1.0 bn | 226.7 | 1.5% | 1.3% | +19.2% | +91% / +10% |
| FEIMFrequency Electronics, Inc. | 693.5 m | 243.8 | 3.0% | 3.7% | −9.4% | +115% / +523% |
| INTTinTest Corporation | 175.9 m | 335.2 | 0.6% | 0.5% | −12.9% | +74% / +7% |
| DAIOData I | 25.2 m | — | -61.2% | -50.1% | −1.2% | −19% / −20% |
1- and 3-year price returns: for DAIO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Data I/O Corporation designs and sells programming and security deployment systems that prepare flash memory, microcontrollers and secure elements for electronics manufacturers. The company is in the middle of a strategic transformation, with net sales of 21.5 million USD in fiscal 2025 1 and sales of 5.2 million USD in the second quarter of 2026 2, which shows how cyclical its equipment base remains.
SWOT
Strengths
- The company has a recognized position in device programming and a recently refreshed platform portfolio, with technology awards for LumenX2 1.
- A high share of adapters and services gives more stable revenue than equipment sales alone 12.
- The company carries no debt, and its balance sheet provides a solid financial base for the transformation 1.
Weaknesses
- Sales depend heavily on customers' investment cycles, which makes the business cyclical and sensitive to equipment demand 1.
- Concentration in automotive has increased, and the slowdown in that sector reduced bookings 1.
- The company made an error in the revenue-by-type presentation for 2025 and restated results, which points to internal control issues 2.
Opportunities
- Expansion into the broader data provisioning market and Edge AI could open new revenue sources 1.
- The strategic acquisition announced in the second quarter of 2026 could diversify the customer base and extend programming-as-a-service 2.
- Cost reduction through AI and the realignment of operations could improve margins if sustained 12.
Threats
- Tariffs and trade tensions between the United States and China can raise costs and hold back customer investment 1.
- Redirection of technology investment toward AI could reduce demand for the company's traditional equipment 1.
- A cybersecurity incident in August 2025 exposed weaknesses in internal systems, and remediation costs were significant 1.
Risks
- Automotive concentrationhigh
If demand from the automotive sector keeps falling, revenue could be significantly affected, because transitioning to other markets takes time 1.
- Tariffs and international tradehigh
Higher tariffs or retaliatory trade actions could raise costs and reduce margins 1.
- Acquisitions and integrationmedium
The planned acquisitions could lead to integration difficulties, dilution or lower profitability if they are not managed well 1.
- Technology changemedium
If new memory technologies or standards are not supported in time, the products could become less competitive 1.
- Internal controls and reportingmedium
The revenue presentation correction and the ongoing clawback analysis show that control processes may need improvement 2.
Investment thesis
What would need to be true (bull case)
- If sales recover in Asia and international regions and Edge AI demand materializes, the company could return to growth, as its 2026 plan suggests 12.
- The large share of recurring adapter and service revenue provides a steadier base, and a balance sheet without debt could support investment if the capital cycle improves 12.
- Cost reduction through AI and better margins in the second quarter of 2026 could strengthen profitability if the trend continues 2.
What would break the thesis
- If the automotive sector stays weak and tariffs worsen, revenue could keep falling and the growth plan could be delayed 1.
- Sales fell in the first half of 2026 compared with the prior year, and 2025 bookings were lower, which signals demand that remains fragile 12.
- The announced acquisition and the expansion into new markets could absorb resources without quickly delivering growth if integration falls short 12.
What to watch
- Trend in quarterly net sales and bookingsQ3 2026
- Completion of the announced acquisition and its effect on the customer base2026
- Results of the switchover to the Acumatica ERP systemQ3 2026
- Outcome of the operational realignment and related costs in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Data I/O designs, manufactures and sells programming and security deployment systems and services for electronics manufacturers, turning intellectual property into secured data and loading it into memories, microcontrollers and security devices 1. The company was incorporated in Washington state in 1969 and operates from Redmond and Shanghai, with sales and support operations in Munich 12. In 2025 its revenue model began to shift away from dependence on capital cycles toward adapters, software and services 1.
The product line includes automated PSV systems and manual Lumen X and FlashPAK III programmers, and the LumenX2 platform launched in late 2025 extends device coverage 1. The Unified Programming Platform strategy aims for one architecture from design through high-volume production 1. In February 2026 the company announced a collaboration with IAR to simplify secure provisioning of devices 1.
Management has run a transformation plan built on six priorities under a CEO who took over in the fourth quarter of 2024 1. The company reduced its normalized operating costs and deployed AI tools across all departments 1. In the second quarter of 2026 it announced a letter of intent for a strategic acquisition intended to diversify its customer base and expand programming-as-a-service 2.
Segments
Programming platforms
Platform sales were 42% of total sales in 2025, down from 51% in 2024, and automated and manual programming systems form the core of the technical offer 1. Their share fell further in 2026, to 35% of revenue in the first six months 2.
Market context
The core market is programmable devices for automotive electronics, IoT and consumer electronics, and automotive has been the company's largest end market 1. The company is extending its focus toward the broader data provisioning market and Edge AI, which it considers larger than the traditional programming equipment market 1.
Demand for capital equipment has been affected by trade and tariff uncertainty and by the shift of technology spending toward AI investment 12. International sales made up most of total net sales in the second quarter of 2026 2.
Trends
- Recovery in Asia and international regionstailwind
Bookings in 2025 were strongest from Asia, and late in the year new customers and definitive production timelines emerged 1. If this trend holds, it could support a recovery in sales 1.
- Dependence on automotiveheadwind
Automotive electronics made up 64% of 2025 bookings, up from 59% in 2024, which exposes the company to the auto slowdown and to the reassessment of electric vehicle plans 1. This concentration could limit sales if demand from that sector keeps falling 1.
- Edge AI and data provisioningtailwind
The buildout of Edge AI could create new demand for secure provisioning of devices, and the company reports early signs of customer interest 12. The effect depends on how quickly these markets mature 1.
- Tariffs and trade uncertaintymixed
Tariffs between the United States and China raised costs and led some customers to move production, and the company manages its exposure with dual sourcing in Redmond and Shanghai 12. The effect is mixed, since dual sourcing can protect margins while uncertainty holds back customer investment 1.
Competitive position
The analyzed sources do not name competitors, so the competitive landscape cannot be detailed from the available texts. The company presents itself as a global leader in data programming for flash memory and microcontrollers, and its advantage rests on platforms, patents and security partnerships 1.
Customers compare solutions on quality, throughput, reliability, traceability, global support and security, and the lowest equipment cost and lifecycle cost also matter 1. The IAR collaboration shows a strategy of completing the offer through partnerships with other technology providers 1.
- Embedded development tool and security solution providers, collaboration partners
The collaboration announced with IAR in February 2026 points to both competition and cooperation with providers of embedded security solutions, without identifying a US-listed company 1.
- Makers of programming equipment with large installed bases
The sources say customers weigh procurement cost, throughput and global support, which points to competition with established suppliers that have large device libraries 1.
- Programming-at-test service providers
Programming at test and programming services are segments that now exceed the traditional equipment market and are contested by other providers 1.
- Security solution providers for microcontrollers
Demand for secure provisioning and secure elements attracts specialized suppliers that can compete with the company's offer in security segments 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report29 Oct 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report22 Oct 2026Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Item 3.02 · Amendments to articles or bylaws · Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report19 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report14 Aug 2026
- Current report12 Aug 2026Results of operations · Financial statements and exhibits
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Current report13 Jul 2026Termination of a material agreement · Item 2.04 · Item 3.02 · Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Current report23 Jun 2026Material agreement · Creation of a direct financial obligation · Item 3.02 · Amendments to articles or bylaws · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement29 May 2026
- Current report19 May 2026Item 3.02 · Other events
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Data I/O Corporation · 16 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Data I/O Corporation · 14 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.