olivLaw · US equity research
Sypris Solutions, Inc. SYPR
Industrial Instruments For Measurement, Display, and Control · SIC 3823 · Vertical: Industrial Instruments For Measurement, Display, and Control (SIC 3823)
Sypris Solutions designs and manufactures components and products for critical infrastructure in energy, defense, space and communications, with operations in North America. The company remains loss-making, with a net loss of 7.2 million USD in the first half of 2026, but orders in the second quarter rose sharply, especially in electronics, on demand for space and defense programs.
At the close of 04 Nov 2026, Sypris Solutions, Inc. (SYPR) stock was 1.27 USD (−5.22% on the day), with market capitalisation 29.2 m USD, dividend yield 0.00%, beta 0.65, 52-week range 1.27–4.18 USD. Latest reported quarter (Q2 2026): revenue of 30.3 m USD (−3.5% YoY), net income of -3.1 m USD, diluted EPS -0.14 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)
- 27.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 1.13 – 2.13
- in the lower half of the band · %B 0.14 · band width 61.0%
- SMA 50 / 200
- 1.73 / 2.60
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.10
- 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 | −30.2% | −1.1% | −29.1 pp | — |
| 3 months | −38.9% | −0.5% | −38.5 pp | — |
| 6 months | −62.3% | +4.4% | −66.7 pp | — |
| Year to date | −48.0% | +12.3% | −60.3 pp | — |
| 1 year | −39.2% | +13.5% | −52.8 pp | +27.8% |
| 3 years | −33.9% | +76.4% | −110.3 pp | +26.5% |
| 5 years | −68.7% | +63.7% | −132.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 05 Jul 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 | 35.7 m | 33.4 m | 29.5 m | 31.4 m | 28.7 m | 30.3 m | 25.8 m | 30.3 m |
| Cost of revenue | 29.7 m | 28.1 m | 26.1 m | 28.8 m | 26.6 m | 28.9 m | 25.0 m | 28.4 m |
| Gross profit | 6.0 m | 5.4 m | 3.4 m | 2.6 m | 2.1 m | 1.4 m | 821.0 k | 2.0 m |
| SG&A | 4.3 m | 4.1 m | 3.5 m | 4.0 m | 3.8 m | 4.7 m | 4.4 m | 4.4 m |
| Operating income | 1.7 m | 1.3 m | -130.0 k | -1.4 m | -1.7 m | -3.3 m | -3.6 m | -2.5 m |
| Depreciation & amortisation | 773.0 k | 732.0 k | 699.0 k | 708.0 k | 721.0 k | 716.0 k | 760.0 k | 753.0 k |
| Interest expense | 546.0 k | 216.0 k | 302.0 k | 381.0 k | 385.0 k | 563.0 k | 530.0 k | 502.0 k |
| Pre-tax income | 937.0 k | 647.0 k | -597.0 k | -2.0 m | 351.0 k | -4.0 m | -4.3 m | -3.2 m |
| Income tax | 547.0 k | 512.0 k | 302.0 k | 5.0 k | -166.0 k | -80.0 k | -146.0 k | -37.0 k |
| Net income | 390.0 k | 135.0 k | -899.0 k | -2.1 m | 517.0 k | -3.9 m | -4.1 m | -3.1 m |
| Diluted EPS | 0.02 | 0.01 ≈ | -0.04 | -0.09 | 0.02 | -0.17 ≈ | -0.18 | -0.14 |
| Operating cash flow | -4.8 m ≈ | 2.3 m | -5.5 m | 1.1 m ≈ | -178.0 k ≈ | -1.1 m | -2.3 m | 1.9 m ≈ |
| Capex | 158.0 k ≈ | 417.0 k | 3.0 k | 158.0 k ≈ | 212.0 k ≈ | 383.0 k | 231.0 k | 344.0 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 | 88.0 m | 87.9 m | 82.3 m | 97.4 m | 110.1 m | 136.2 m | 140.2 m | 119.9 m |
| Revenue YoY | +6.9% | −0.1% | −6.3% | +18.3% | +13.0% | +23.7% | +2.9% | −14.5% |
| Net income | -3.5 m | -3.9 m | 1.7 m | 2.9 m | -2.5 m | -1.6 m | -1.7 m | -6.3 m |
| Net income YoY | unavailable | unavailable | unavailable | +75.2% | −185.3% | unavailable | unavailable | unavailable |
| Diluted EPS | -0.17 | -0.19 | 0.08 | 0.13 | -0.11 | -0.07 | -0.08 | -0.28 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | +62.5% | −184.6% | unavailable | unavailable | unavailable |
| net % | -4.0% | -4.5% | 2.0% | 3.0% | -2.3% | -1.2% | -1.2% | -5.3% |
| Free cash flow | -159.0 k | -6.7 m | 2.1 m | 1.4 m | 10.8 m | -13.2 m | 921.0 k | -6.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- unavailable USD
- Financial debt
- 1.6 m USD
- Net debt
- unavailable USD
- Equity
- 17.8 m USD
- Total assets
- 107.8 m USD
- Debt / equity
- 0.09x
- Current ratio
- 1.28x
- ROE
- -33.9%
- ROA
- -5.6%
- FCF margin
- -5.4%
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 | 82.3 m | 97.4 m | 110.1 m | 136.2 m | 140.2 m | 119.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 70.3 m | 82.9 m | 95.3 m | 119.0 m | 120.3 m | 110.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 12.1 m | 14.5 m | 14.9 m | 17.2 m | 19.9 m | 9.4 m | SEC (XBRL)· 26 Mar 2026verified |
| SG&A | 12.0 m | 12.6 m | 14.5 m | 16.3 m | 17.0 m | 16.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | 90.0 k | 1.9 m | 364.0 k | 969.0 k | 2.9 m | -6.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 2.5 m | 2.6 m | 3.1 m | 3.3 m | 3.2 m | 2.8 m | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | 2.6 m ≈ | 4.6 m ≈ | 3.5 m ≈ | 4.2 m ≈ | 6.1 m ≈ | -3.8 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Interest expense | 838.0 k | 868.0 k | 1.1 m | 777.0 k | 1.7 m | 1.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Pre-tax income | -1.3 m | 4.0 m | -1.5 m | -933.0 k | 26.0 k | -6.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | -3.0 m | 1.1 m | 948.0 k | 663.0 k | 1.7 m | 61.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Net income | 1.7 m | 2.9 m | -2.5 m | -1.6 m | -1.7 m | -6.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | 0.08 | 0.13 | -0.11 | -0.07 | -0.08 | -0.28 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 21.1 m | 23.0 m | 21.7 m | 21.9 m | 22.0 m | 22.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Dividend per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | SEC (XBRL)· 26 Mar 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) |
|---|---|---|---|---|---|---|---|
| Receivables | 7.2 m | 8.5 m | 8.1 m | 8.9 m | 10.6 m | 9.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 16.2 m | 30.1 m | 42.1 m | 77.3 m | 66.7 m | 52.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 39.4 m | 56.1 m | 80.0 m | 103.9 m | 98.0 m | 79.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 10.2 m | 14.1 m | 15.5 m | 17.1 m | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Total assets | 60.7 m | 79.5 m | 104.1 m | 129.3 m | 119.4 m | 107.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 6.7 m | 12.0 m | 17.6 m | 26.7 m | 18.4 m | 10.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Short-term debt | 1.6 m | 1.3 m | 4.0 m | 2.4 m | 2.5 m | 1.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 21.2 m | 34.0 m | 56.1 m | 86.5 m | 79.5 m | 62.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 45.9 m | 60.2 m | 84.6 m | 106.9 m | 99.8 m | 90.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 14.8 m † | 19.3 m † | 19.6 m † | 22.5 m † | 19.6 m † | 17.8 m † | SEC (XBRL)· 26 Mar 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 | 3.6 m | 4.2 m | 13.8 m | -11.1 m | 2.0 m | -5.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 1.5 m | 2.8 m | 3.0 m | 2.1 m | 1.1 m | 756.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | 2.1 m ≈ | 1.4 m ≈ | 10.8 m ≈ | -13.2 m ≈ | 921.0 k ≈ | -6.5 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | 427.0 k | -2.8 m | -3.0 m | -2.1 m | -1.1 m | 2.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 2.7 m | -1.3 m | -1.4 m | -614.0 k | 820.0 k | 837.0 k | SEC (XBRL)· 26 Mar 2026verified |
≈ 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: 5 of at least 6
- score weight coverage: 33.3% 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: 29.2 m USD
Key indicators
Coverage and freshness
Score by group
33% · 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 · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- 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 base of the ratio is not positive
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: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -9.2% | 33 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 2.9% | 24 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -5.6x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.3x | 38 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -10.1% | 0 (on a fixed band) | 25% |
| 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 sheet15/100 · 2/3 factors with a value
- Growth· partial24/100 · 1/2 factors with a value
- Quality· partial33/100 · 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
SYPRIS SOLUTIONS, INC. (SYPR). Latest full fiscal year: 2025; data up to 2026-07-05.
Figures computed from the financial statements: revenue 119.9 m USD in 2025; YoY growth -14.5%; net margin -9.2%; ROE -69.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% 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
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Revenue CAGR 3Y: 2.9%
- Interest coverage: -5.6x
- FCF yield: -10.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Industrial Instruments For Measurement, Display, and Control (SIC 3823) · same industry (4-digit SIC) · compared with 15 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 | |
|---|---|---|---|---|---|---|
| DHRDanaher Corporation | 165.3 bn | 38.4 | 8.3% | 16.9% | +2.9% | +4% / +5% |
| AMEAMETEK, Inc. | 54.4 bn | 33.4 | 14.7% | 19.9% | +6.6% | +20% / +53% |
| ROPRoper Technologies, Inc. | 48.7 bn | 19.4 | 13.2% | 30.7% | +12.3% | +10% / −9% |
| KEYSKeysight Technologies, Inc. | 48.7 bn | 39.2 | 20.6% | 19.1% | +8.0% | +44% / +110% |
| FTVFortive Corporation | 20.3 bn | 32.5 | 10.5% | 14.8% | +1.9% | +28% / +31% |
| MKSIMks Inc. | 13.2 bn | 31.1 | 15.9% | 10.1% | +9.6% | +25% / +136% |
| CGNXCognex Corp | 8.9 bn | 51.3 | 11.1% | 16.1% | +8.7% | +39% / +41% |
| RALRalliant Corporation | 7.9 bn | — | -51.8% | -52.1% | −4.0% | +45% / unavailable |
| STSensata Technologies Holding PLC | 6.0 bn | 16.5 | 12.7% | 9.5% | −5.8% | +28% / +26% |
| MLABMesa Laboratories Inc | 706.1 m | 148.1 | 2.7% | 1.9% | +3.4% | +57% / +48% |
| SENSSenseonics Holdings, Inc. | 476.9 m | — | -118.2% | -225.3% | +56.9% | +46% / −24% |
| HURCHurco Companies, Inc. | 137.6 m | — | -3.3% | -3.6% | −4.3% | +31% / +1% |
| SYPRSypris Solutions, Inc. | 29.2 m | — | -69.9% | -9.2% | −14.5% | −39% / −34% |
| CLIRClearsign Technologies Corporation | 16.5 m | — | -51.7% | -96.1% | +45.6% | −67% / −80% |
| FCUVFocus Universal Inc. | 2.2 m | — | -106.0% | -637.2% | −35.9% | −98% / −99% |
| POASPhaos Technology Holdings (Cayman) Limited | — | — | -363.8% | -4,662.3% | −19.3% | −98% / unavailable |
1- and 3-year price returns: for SYPR 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
Sypris Solutions designs and manufactures components and products for critical infrastructure in energy, defense, space and communications, with operations in North America. The company remains loss-making, with a net loss of 7.2 million USD in the first half of 2026, but orders in the second quarter rose sharply, especially in electronics, on demand for space and defense programs.
SWOT
Strengths
- Multi-year contracts, often sole-source by part number, providing long-term visibility and stable customer relationships 1.
- Experience of more than four decades supplying defense agencies and companies, supporting its position in high-reliability electronics 1.
- Two-segment portfolio with demand cycles that differ, which reduces revenue volatility 2.
Weaknesses
Opportunities
- Growing orders for space, deep-space and subsea data systems, which could accelerate revenue growth 3.
- Potentially higher energy demand linked to LNG and data center power needs, if these projects materialize 3.
- A recovery in the North American commercial vehicle cycle could support volumes in the steel components segment 23.
Threats
- Defense budget uncertainty, including the risk of government shutdowns and extended continuing resolutions, which can delay programs 12.
- Inflationary pressures, tariffs and volatile raw material prices, which can compress margins 1.
- Intense competition and the emergence of new rivals, which could limit market share and pricing 1.
Risks
- Customer concentrationhigh
A small number of customers generates most revenue, and a change in their conditions or purchasing could seriously affect results 1.
- Defense fundinghigh
Budget delays or a government shutdown could postpone programs and payments, and budget reallocations may change volumes 12.
- Losses and funding capacityhigh
The company has reported net losses and warned that, without revenue growth, it could need to use existing resources or sell assets 13.
- Costs and supplymedium
Rising raw material, component and freight costs, plus tariffs, could compress margins, especially on fixed-price contracts 1.
- Operational executionmedium
Material shortages and design changes have delayed electronics deliveries, and out-of-sequence production raises costs 3.
Investment thesis
What would need to be true (bull case)
- Orders rose strongly in the second quarter of 2026, and the electronics segment could recover if component supply improves 3.
- A recovery in the commercial vehicle cycle and energy demand could support the components segment, which has already shown gross profit gains 23.
- If space and defense programs convert into revenue, the company could reduce its dependence on a single economic cycle 23.
What would break the thesis
- The company remains loss-making, and without a durable increase in revenue its financial position could become more strained 13.
- Dependence on a few customers and budget uncertainty could delay or reduce orders, even if the backlog appears solid 12.
- Supply problems and impaired inventory suggest that operational execution could remain a problem for some time 3.
What to watch
- Recovery of margins in Sypris Electronics and a reduction in its gross lossQ3 2026
- Evolution of the FY 2027 defense budget and any second reconciliation bill2027
- Conversion of space and energy orders into revenue and backlognext 10-K
- Trend in net loss and cash flow, to see whether revenue growth leads to profitabilityQ1 2027
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
Sypris Solutions, a Delaware corporation formed in 1997, provides products and engineering, design and manufacturing services for sectors including energy, space, communications, defense, transport, chemical and water. Many contracts are multi-year and sole-source by part number, which gives stability but also concentrates dependence on a few customers 1. The company is organized into two segments, Sypris Technologies and Sypris Electronics, operating in the U.S. and Mexico 1.
Revenue in 2025 was weighted toward electronics, with a significant contribution from steel components. The five largest customers accounted for a large share of net revenue, so the loss of any of them would have a significant effect 1. In 2026 the company announced new programs and subcontracts for space and communications, indicating a broadening customer base 23.
The stated strategy emphasizes multi-year customer relationships, investment in efficient production capacity and strategic asset acquisitions in core markets. The company says it is also pursuing new applications for energy products, including LNG and data center projects 3.
Segments
Sypris Technologies
This segment produces forged, machined and welded steel components for heavy commercial vehicles, automotive and high-pressure energy pipelines. It represented approximately 43% of net revenues in 2025 1. In the second quarter of 2026 revenue rose year over year with better gross profit, as the commercial vehicle market began to rebound 3.
Sypris Electronics
This segment assembles circuit cards and complete boxes for aerospace, defense and space, as a subcontractor to large defense companies. It represented approximately 57% of net revenue in 2025 1. Second-quarter 2026 revenue fell year over year due to material shortages and design changes, although orders rose strongly 3.
Market context
The North American Class 8 truck market declined in 2025, and industry forecasts now point to a recovery. Demand for energy products has stayed firm, while defense and space demand is supported by government budgets, though the funding timeline remains uncertain 12. Electronic component supply chains, with lead times that can approach a year, remain a constraint 2.
Markets are competitive, and large customers continually press on prices and quality. Trade policy changes and tariffs can alter production costs and demand, and the effects on individual programs cannot be predicted with precision 12.
Trends
- Commercial vehicle recoverytailwind
Industry forecasts anticipate production increases for 2026 and 2027, which could support volumes of steel components if confirmed 2. If the expansion cycle continues, Sypris Technologies could benefit.
- Space and defense demandmixed
The proposed defense budget is rising, and the company has won new subcontracts in communications and space. The effect depends on Congress approving the budgets, which remains uncertain 23.
- Supply constraints and inflationheadwind
Shortages of electronic components and rising labor, raw material and freight costs have affected margins and deliveries, and inflationary pressures are expected to continue through 2026 12.
- Energy demand and new applicationstailwind
Energy product orders rose in the first half of 2026, and the company is exploring new applications linked to LNG, data centers and carbon capture 3.
Competitive position
In steel components, Sypris competes with suppliers such as Ramkrishna Forgings, Mid-West Forge, GNA Axles, Bharat Forge, Traxle and T.D. Williamson, among others 1. In defense electronics, competitors include Celestica, Jabil and Spartronics 1.
The company warns that new competitors may emerge as the outsourcing industry evolves, and customers may develop in-house capabilities. Competitive position depends on cost, quality, reliability and on-time delivery 1.
- CelesticaCLS
Electronics manufacturing services provider, named by the company as a competitor in defense and aerospace electronics 1.
- Jabil CircuitJBL
Electronics manufacturer offering manufacturing services, named as a competitor in the electronics segment 1.
- Spartronics
Electronic component supplier, named by the company among competitors in defense electronics 1.
- Bharat Forge
Forging manufacturer for automotive and industrial markets, named as a competitor in steel components 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
- Quarterly report18 Aug 2026
- Current report18 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report22 Jun 2026Shareholder vote
- Quarterly report19 May 2026
- Current report19 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement30 Apr 2026
- Annual report26 Mar 2026
- Current report26 Mar 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report14 Jan 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report12 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Sypris Solutions, Inc. · 26 Mar 2026
- [2] Form 10-Q, quarter ended 2026-07-05 · SEC / Sypris Solutions, Inc. · 18 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Sypris Solutions, Inc. · 18 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.