Pixelworks Reports Second Quarter 2026 Financial Results (Form 8-K)

Pixelworks Reports Second Quarter 2026 Financial Results

PORTLAND, Ore., August 11, 2026 - Pixelworks, Inc. (NASDAQ: PXLW) ("Pixelworks" or the "Company"), a provider of innovative cinematic and enhanced visualization solutions, today announced financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 and Recent Highlights

•Secured Kinepolis Group's endorsement and preferred exhibition of TrueCut Motion-enhanced versions of theatrical titles on Kinepolis' Laser Ultra large format screens across Europe and North America

•Announced partnership with China Film CINITY Co., Ltd., expanding the TrueCut Motion ecosystem and prioritizing advanced TrueCut Motion grading technology in CINITY's premium large format theaters

•Repurchased $3.2 million of shares of common stock under the Company's stock repurchase program

•Ended the second quarter with cash and cash equivalents of approximately $53 million

"Having completed Pixelworks' transformation into a pure-play technology licensing company earlier in the year, we are fully focused on building and scaling a global licensing business around our TrueCut Motion and visualization solutions," stated Todd DeBonis, Chairman and CEO of Pixelworks. "During the second quarter, we continued to expand the TrueCut Motion ecosystem through newly announced partnerships with both CINITY and Kinepolis Group. These additional endorsements of TrueCut Motion-enhanced content strengthen our growing network of leading exhibitors committed to bringing TrueCut Motion to premium large format screens across key international markets.

"To-date, we have made significant headway on expanding our network of premium exhibitors, and we remain on track to grow the slate of TrueCut Motion-enhanced content with work currently underway on multiple titles for release in the coming quarters. We are well capitalized and expect to demonstrate further momentum in the second half of the year as we execute on our strategic growth objectives as a global technology licensing company."

Conference Call Information

Pixelworks will host a conference call today, August 11, 2026, at 2:00 p.m. Pacific Time. Analysts and investors are invited to join the Company's conference call using the following information:

Second Quarter 2026 Conference Call

Date: Tuesday, August 11, 2026

Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)

Live Webcast Link: Click Here

Dial-in Participation Registration Link: Click Here

Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call by phone. A live and archived audio webcast of the conference call will also be accessible via the investors section of Pixelworks' website: www.pixelworks.com.

Pixelworks, Inc.

Pixelworks (NASDAQ: PXLW) is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

About TrueCut Motion

TrueCut Motion is a powerful video platform from Pixelworks that provides filmmakers with a new palette for motion. It enables shot-by-shot motion grading, allowing creators to manage judder, motion blur, and frame rates to achieve a consistent, cinematic look across all screens. For more information on TrueCut Motion, visit: www.truecutmotion.com

Note: Pixelworks, the Pixelworks logo, Truecut Motion and Truecut are trademarks of Pixelworks, Inc.

Note Regarding Financial Statements

As previously announced, on January 6, 2026, the Company completed the transaction to sell its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., a subsidiary of Pixelworks ("Pixelworks Shanghai"), to a special purpose entity led by VeriSilicon Microelectronics (Shanghai). The contribution from the Pixelworks Shanghai semiconductor subsidiary to the operating results of the Company for the three and six months ended June 30, 2026 was determined to be immaterial. Therefore, the Company's reported financial results contained in today's press release do not include discontinued operations activity from the first several days of January 2026 before the sale closed.