美国像素 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromto.Commission File Number: 000-30269____________________________________ PIXELWORKS, INC. (Exact name of registrant as specified in its charter) 91-1761992 97224(Zip Code) (503) 601-4545(Registrant’s telephone number, including area code)____________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.001 per sharePXLWThe Nasdaq Capital Market Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated Filer☐Smaller Reporting Company☒ Large Accelerated Filer☐Non-accelerated Filer☒Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of outstanding shares of the registrant’s common stock, par value $0.001 per share, was 6,363,258 as of May 11, 2026. PIXELWORKS, INC.FORM 10-QFOR THE QUARTERLY PERIOD ENDED MARCH31, 2026TABLE OF CONTENTS Note regarding Forward Looking Statements PART I – FINANCIAL INFORMATION Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive LossCondensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Shareholders' EquityNotes to Condensed Consolidated Financial Statements Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosure About Market Risk Item 4.Controls and Procedures PART II – OTHER INFORMATION Item 6.Exhibits NOTE REGARDING FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains "forward-looking statements" that are based on current expectations, estimates, beliefs,assumptionsand projections about our business. Words such as"may,""will,""appears,""predicts,""continue,""expects,""anticipates," "intends," "plans," "believes," "seeks," "estimates" and the negative or other variations of such words and similarexpressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to,statements regarding: our ability to maintain compliance with the minimum listing requirements of The Nasdaq Stock Market LLC(“Nasdaq”); the features, benefits and applications of our technologies and products; the success of our products; market trends andchanges; the development of our business on our Cinematic market and TrueCut Motion platform and related technologies; ourstrategy, including with respect to our intellectual property portfolio, our research and development efforts and competitiveadvantages, sales and marketing, and acquisition and other growth opportunities; amortization expectations; the cost and effects ofpossible future restructuring programs; customer concentration; current global economic challenges; interest rate risks; expectations asto sales revenue in certain markets; future contractual obligations; competition; the uses and value of our intellectual property; ourincome tax valuation allowance and net operating loss utilization; other accounting policies and use of estimates and the potentialimpact of changes thereto; the effectiveness of our internal controls; the potential impact on our business of certain risks, including therisks of technological change, changes in the markets in which we operate, our indemnification obligations, and litigation risks; andrisks related to rapidly evolving artificial intellig