Intevac, Inc. (IVAC)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Intevac, Inc. (IVAC) trades at $4.00 with AI Score 53/100 (Grade B). Intevac, Inc. specializes in vacuum deposition equipment and digital night-vision technologies for the defense sector. Market cap: $108.60M, Sector: Industrials.
Price live · AI analysis from May 10, 2026Analyst Coverage for IVAC: IVAC does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IVAC against Industrials peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
IVAC: 3/7 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Intevac, Inc. (IVAC) Industrial Operations Profile
Intevac, Inc. is a leading provider of vacuum deposition equipment and digital night-vision technologies, catering to diverse sectors including defense, hard disk drives, and solar energy, with a strong emphasis on innovative thin-film processing solutions.
What Is the Investment Thesis for IVAC?
Intevac, Inc. presents a unique investment thesis characterized by its focus on vacuum deposition equipment and digital night-vision technologies, which are critical in high-growth sectors such as aerospace and defense. The company currently has a market capitalization of $108.60M, with a profit margin of -62.2%, indicating challenges in profitability that may impact investor sentiment. However, the gross margin of 4.0% suggests potential for improvement as operational efficiencies are realized. Growth catalysts include the increasing demand for advanced semiconductor packaging and solar photovoltaic cells, which are projected to expand significantly over the next five years. Intevac's strategic positioning in these markets, coupled with its established relationships in the defense sector, could drive revenue growth as these industries continue to evolve. Key risks include ongoing operational challenges and market volatility, which could affect the company's financial performance and investor confidence.
Based on FMP financials and quantitative analysis
IVAC Key Highlights
- Market Cap of $108.60M indicates a small-cap status with potential for growth.
- Profit Margin of -62.2% highlights significant operational challenges.
- Gross Margin of 4.0% suggests room for improvement in cost management.
- Beta of 0.63 indicates lower volatility compared to the broader market.
- No dividend yield reflects reinvestment strategy rather than shareholder returns.
Who Are IVAC's Competitors?
IVAC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| VEC V2X, Inc. | $32.84 | +0.64% | $1.02B | 45 |
| LRCX Lam Research Corporation | $353.82 | +0.69% | $442.48B | 89 |
| KLIC Kulicke and Soffa Industries, Inc. | $119.49 | -1.52% | $6.25B | 55 |
| FLY Firefly Aerospace Inc. | $27.88 | -3.53% | $4.58B | 68 |
| DUKR DUKE Robotics Corp. | $5.23 | +8.73% | $11.53M | 67 |
| PL Planet Labs PBC | $31.04 | -1.10% | $10.33B | 66 |
| MDALF MDA Ltd. | $33.66 | +5.58% | $4.26B | 65 |
| PKE Park Aerospace Corp. | $38.36 | +1.40% | $800.87M | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IVAC's Key Strengths?
- Specialized expertise in vacuum deposition technology.
- Diverse product offerings across multiple industries.
- Established reputation in the defense sector.
- Strong focus on R&D to drive innovation.
What Are IVAC's Weaknesses?
- Negative profit margins indicating operational inefficiencies.
- Limited market capitalization may restrict growth potential.
- Dependence on a few key sectors for revenue.
- Challenges in scaling operations efficiently.
What Could Drive IVAC Stock Higher?
- Expansion of product lines to include next-generation night-vision technologies.
- Increased demand for thin-film deposition equipment in the semiconductor market.
- Strategic partnerships with defense contractors to enhance product offerings.
- Continuous investment in R&D to drive innovation in thin-film technology.
What Are the Key Risks for IVAC?
- Financial-distress signal — its Altman Z-Score of 1.19 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-41.1%) — the business is not currently generating profit on shareholder capital.
- Fluctuations in defense spending could impact revenue.
- Operational challenges related to maintaining profitability.
- Supply chain disruptions affecting production capabilities.
- Competitive pressures from established players in the aerospace and defense sector.
What Are the Growth Opportunities for IVAC?
- Growth opportunity 1: The global market for thin-film deposition equipment is projected to reach $6 billion by 2028, driven by increasing applications in electronics and renewable energy. Intevac's advanced technology positions it well to capture a significant share of this growing market, particularly as demand for energy-efficient solutions rises.
- Growth opportunity 2: The defense sector is expected to grow at a CAGR of 3.5% through 2030, fueled by rising geopolitical tensions and increased military spending. Intevac's established presence in this sector, particularly with its night-vision technologies, provides a strong platform for growth as defense budgets expand.
- Growth opportunity 3: The solar photovoltaic market is anticipated to grow to $223 billion by 2026, driven by the global shift towards renewable energy. Intevac's thin-film processing systems are critical for manufacturing solar cells, positioning the company to benefit from this transition as more countries invest in sustainable energy solutions.
- Growth opportunity 4: The advanced semiconductor packaging market is projected to grow at a CAGR of 7.2% through 2025. Intevac's innovative deposition equipment can enhance semiconductor manufacturing processes, allowing the company to leverage this growth opportunity as demand for high-performance chips increases.
- Growth opportunity 5: With the rise of electric vehicles, the demand for advanced materials and components is increasing. Intevac's technology can play a crucial role in developing lightweight and efficient components for the automotive sector, opening new avenues for revenue growth in this expanding market.
What Opportunities Does IVAC Have?
- Growing demand for renewable energy solutions.
- Expansion of defense budgets globally.
- Increasing applications of thin-film technology in electronics.
- Potential growth in semiconductor manufacturing.
What Threats Does IVAC Face?
- Intense competition from established players in the industry.
- Market volatility affecting defense spending.
- Technological advancements by competitors could outpace Intevac.
- Economic downturns impacting customer investment in equipment.
What Are IVAC's Competitive Advantages?
- Strong expertise in vacuum deposition technology differentiates Intevac.
- Established relationships with key players in the defense industry.
- Innovative product offerings that meet evolving market needs.
- Ability to adapt to technological advancements in thin-film applications.
- Focused R&D efforts to maintain competitive edge in niche markets.
What Does IVAC Do?
Intevac, Inc., founded in 1990 and headquartered in Santa Clara, California, is a prominent player in the industrial sector, focusing on vacuum deposition equipment and digital night-vision technologies. The company has carved out a niche in the aerospace and defense industries, providing advanced thin-film processing systems that are essential for various applications, including hard disk drive media, display cover panels, solar photovoltaic cells, and advanced semiconductor packaging. Intevac's innovative solutions are designed to meet the growing demands of these sectors, particularly as technology continues to evolve. The company operates through a direct sales force and a network of distributors, allowing it to reach a broad customer base across the United States, Asia, and Europe. Over the years, Intevac has evolved its product offerings to align with industry advancements, ensuring that it remains competitive in a rapidly changing market. The company's commitment to research and development has positioned it as a trusted partner for clients seeking cutting-edge solutions in thin-film technology and night-vision systems, further solidifying its reputation in the aerospace and defense landscape.
What Products and Services Does IVAC Offer?
- Provide vacuum deposition equipment for thin-film applications.
- Develop digital night-vision technologies for defense applications.
- Design thin-film processing systems for hard disk drives.
- Market solutions for display cover panels and solar photovoltaic cells.
- Serve clients in the aerospace and defense industries.
- Sell products through a direct sales force and distributors.
How Does IVAC Make Money?
- Generate revenue through the sale of vacuum deposition equipment.
- Offer digital night-vision products to defense contractors.
- Leverage a direct sales force to reach key market segments.
- Utilize a network of distributors to expand market reach.
- Focus on high-margin sectors like aerospace and renewable energy.
What Industry Does IVAC Operate In?
The aerospace and defense industry is witnessing robust growth driven by increasing defense budgets globally and advancements in technology. The market for vacuum deposition equipment is expected to grow as demand for high-performance materials in electronics and renewable energy applications rises. Intevac, Inc. operates in a competitive landscape with established players, but its specialized focus on thin-film technology and night-vision products positions it favorably to capture market share. The ongoing transition to digital and renewable technologies further enhances the relevance of Intevac's offerings, making it a key player in this evolving industry.
Who Are IVAC's Key Customers?
- Defense contractors requiring advanced night-vision technologies.
- Manufacturers of hard disk drives seeking thin-film processing solutions.
- Companies in the solar energy sector needing efficient deposition equipment.
- Electronics manufacturers focused on display cover panels.
- Semiconductor companies looking for advanced packaging solutions.
How Intevac, Inc. Is Valued
Intevac, Inc. carries a market capitalization of $108.60M, placing it in the micro-cap category. Relative to its peer group, IVAC's quantitative score of 53/100 is below the peer average of 65/100.
Company Profile
Intevac, Inc. operates in the Aerospace & Defense industry within the Industrials sector. It is headquartered in Santa Clara, US. The company is led by CEO Nigel D. Hunton. IVAC has traded publicly since 1995.
ROE -41%Key Financial Metrics
Return on equity for Intevac, Inc. stands at -41.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -36.3%, showing how much profit it generates from its asset base. Its free cash flow yield is 5.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 4.57 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -37.2%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Intevac, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.19 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Intevac, Inc. revenue of about $60.0M for fiscal 2026, with EPS near $0.25.
IVAC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those in the know see value, potentially signaling undervalued stock.
- The company's core business appears to be gaining traction within its target market, as chatter suggests increased adoption.
- Positive community sentiment indicates growing belief in the company's long-term prospects and innovation.
- The overall market perception seems to be shifting favorably, with more analysts highlighting potential growth catalysts.
Bear Case
- Lack of significant news or catalysts in the last month may indicate stagnation or a plateau in growth.
- Community sentiment reveals concerns about increased competition eroding Intevac's market share.
- Insider selling, even if minimal, can sometimes raise eyebrows and create uncertainty among investors.
- Negative market perception related to broader industry headwinds might overshadow Intevac's specific strengths.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
IVAC Latest News
No recent news available for IVAC.
IVAC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for IVAC.
Price Targets
Wall Street price target analysis for IVAC.
IVAC MoonshotScore
What does this score mean?
The MoonshotScore rates IVAC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Nigel D. Hunton
CEO
Nigel D. Hunton has extensive experience in the aerospace and defense industries, having held various leadership roles in technology companies. He has a strong background in engineering and business management, with a focus on driving innovation and operational excellence. His leadership style emphasizes collaboration and strategic growth, making him well-suited to lead Intevac into its next phase of development.
Track Record: Under Nigel D. Hunton's leadership, Intevac has focused on enhancing its product offerings and expanding its market reach. He has been instrumental in aligning the company's strategic goals with market demands, particularly in the defense and renewable energy sectors.
What Investors Ask About Intevac, Inc. (IVAC) — Industrials
What does Intevac, Inc. do?
Intevac, Inc. specializes in providing vacuum deposition equipment for various thin-film applications and digital night-vision technologies primarily for the defense industry. The company develops advanced thin-film processing systems that cater to sectors such as hard disk drives, display cover panels, solar photovoltaic cells, and semiconductor packaging. Through direct sales and a network of distributors, Intevac serves clients across the United States, Asia, and Europe.
How does Intevac, Inc. compare to competitors in its industry?
Intevac, Inc. differentiates itself through its specialized focus on vacuum deposition technology and digital night-vision products. While competitors like Veeco Instruments and Lam Research also operate in similar markets, Intevac's unique expertise in thin-film applications for diverse sectors gives it a competitive edge. The company's established relationships in the defense sector further enhance its market position, allowing it to leverage opportunities in high-growth areas.
What are the key financial metrics investors watch for IVAC?
Investors typically monitor several key financial metrics for Intevac, Inc., including its market capitalization of $108.60M and profit margin of -62.2%, which indicates current operational challenges. The gross margin of 4.0% is also critical as it reflects the company's ability to manage costs effectively. Additionally, the beta of 0.63 suggests lower volatility compared to the broader market, which can be an important consideration for risk-averse investors.
What are the main risks for IVAC?
Intevac, Inc. faces several risks that could impact its performance. Potential fluctuations in defense spending could significantly affect revenue, especially given the company's reliance on the defense sector. Ongoing operational challenges related to profitability and efficiency are also critical concerns. Furthermore, supply chain disruptions could hinder production capabilities, while competitive pressures from established players in the aerospace and defense industry may impact market share.
What are the key factors to evaluate for IVAC?
Intevac, Inc. (IVAC) holds an AI score of 53/100 (moderate). Not financial advice.
How frequently does IVAC data refresh on this page?
IVAC prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven IVAC's recent stock price performance?
Intevac, Inc. (IVAC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized expertise in vacuum deposition technology. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider IVAC overvalued or undervalued right now?
Valuing Intevac, Inc. (IVAC) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the most recent available information and may be subject to change.