The investor call worth over 2 billion shekels: Behind the turnaround in Next Vision's stock

Next Vision published its third-quarter reports with a 125% surge in revenue to approximately $106 million, but a decline in the order backlog led to an initial 6% drop in the stock. After Chairman Chen Golan's conversations with Globes and an investor call, the stock soared 12% in one day, adding about 2.5 billion shekels to the company's value. Golan explained that the backlog decrease stems from accelerated production and seasonality, and forecast a significant increase in the fourth quarter.

The defense technology company Next Vision published its third-quarter 2026 reports, showing a 125% jump in revenue to about $106 million, alongside a drop in the order backlog from $265 million to $209 million. The stock initially fell about 6%, but after Chairman Chen Golan's conversations with Globes and an investor call, the stock surged 12% in one day, adding approximately 2.5 billion shekels to the company's market value. Golan explained that the backlog decline is due to an accelerated production rate of over 4,000 units per month (compared to 1,500 previously), while order intake only begins in November. He forecast a "very significant increase" in the backlog in the fourth quarter. The company will not update its 2026 revenue target of $355 million at this stage. Golan emphasized that the US elections do not affect the company in the short term, and that the long-term trend of rearmament will continue. The company unveiled a new product, the Swift, and plans an acquisition with a cash reserve of $640 million. Production capacity is expected to exceed 5,000 units per month by year-end, and an assembly line in Europe is expected to be operational by the end of 2026.