While the effects of President Trump’s tariffs are consuming plenty of executives’ time, aircraft parts and eletronic systems maker Ducommun Inc. says it’s largely shielded from the impact.
In releasing second-quarter earnings earlier this month, Ducommun said it doesn’t expect the tariff environment to have “any material impact on our financial outlook.”
“We are largely a U.S. manufacturer with U.S. workers and our domestic facilities generate more than 95% of Ducommun’s revenue,” CEO Stephen Oswald said on Aug. 7.
Ducommun (NYSE: DCO) reported quarterly adjusted net income of $13.4 million, an 8% increase year over year, while net revenue was up 3% at $202 million.
Oswald cited the “strength in our defense business” in a statement announcing the results.
The shares traded around $92.76 each for a market cap of $1.4 billion as of press time last week; the shares have risen almost 80% since hitting a 52-week low of $51.76 in April.
Orange County tech companies have for the most part rebounded from April when their stocks declined on fears of a tariff war.
Here is a snapshot look at other OC tech companies that released results this month:
Skyworks
Phil Brace, named CEO of Irvine-based chipmaker Skyworks Solutions, in February, highlighted the company’s diversification strategy by emphasizing to analysts it needs to “walk and chew gum” at the same time.
Fiscal third quarter revenue climbed 6.6% to $965 million, well above the consensus estimate of $940.9 million. Adjusted earnings per share were $1.33, also above the estimate of $1.24.
For the current quarter, Skyworks predicted revenue of $1 billion to $1.03 billion.
Shares traded around $73 and a $10.8 billion market cap; the shares are up about 50% since a 52-week low of $47.93 in April (Nasdaq: SWKS).
Virgin Galactic
Space tourism company Virgin Galactic hasn’t settled on a price for when ticket sales open next year, but don’t expect anything below $600,000 each.
“Our last stated price was $600,000 a ticket. I don’t expect that to go down when we reopen sales, but we haven’t been specific on the sales price yet,” CEO Michael Colglazier told analysts on Aug. 6.
In its second-quarter earnings release, the Tustin-based company (NYSE: SPCE) also said the net loss per share was $1.47, better than analysts’ expectations.
Shares are down about 25% since the report to $2.99 and a $172 million market cap.
Colglazier told analysts on a conference call that the company’s long anticipated launch of its newest aircraft may be pushed back from the summer to the fall of 2026 as it deals with a manufacturing issue.
INDIE SEMICONDUCTOR
Indie Semiconductor has agreed to purchase Austrian automobile tech company emotion3D GmbH for $20 million cash plus up to $10 million in potential performance-based payments.
“Emotion3D has developed an AI-based perception solution for embedded automotive vision and radar sensing, with proven deployments for in-cabin sensing applications,” Indie said in statement on Aug. 7.
Separately, Aliso Viejo-based Indie said second quarter revenue slid 1.3% to $51.6 million while its narrower adjusted operating loss represents “progress toward profitability.”
Indie shares have more than doubled since April to $4.63 and a nearly $1 billion market cap (Nasdaq: INDI).
CLEAN ENERGY FUELS
Clean Energy Fuels in Newport Beach sees a potential Washington tailwind for its renewable natural gas, even though the Trump administration has been downgrading alternative energy sources.
“The production of RNG was also recognized as a viable common-sense solution in the One Big Beautiful Bill Act which should be a nice tailwind going forward,” CEO Andrew Littlefair said in a statement announcing second-quarter results on Aug. 7.
Clean Energy Fuels said second-quarter revenue climbed almost 5% to $102.6 million. In the trading session after the results, the shares rose 12% to $2.29 each for a market cap of $508 million; the shares are up about 75% since a 52-week low of $1.30 in April (Nasdaq: CLNE).
VIANT TECHNOLOGY
Digital ad tech company Viant Technology (Nasdaq: DSP) in Irvine said Aug. 11 that second-quarter adjusted profit was 9 cents a share, missing the Zacks estimate of 10 cents a share. For the current quarter, Viant predicted revenue in the range of $83.5 million to $86.5 million, missing the average estimate of $89.8 million.
After the results were released, shares dropped 18% to $9.90 for a market cap of $620 million.
