"I sold at 140 shekels too and didn't think it was the peak": since then the stock has jumped another 60%

A stock that jumps 1,100% in three years is a rare phenomenon on the Tel Aviv Stock Exchange. Next Vision stands out as the largest company by market cap among the few that have delivered returns exceeding 1,000% during this period.

The manufacturer of stabilized imaging systems for drones, UAVs, and ground vehicles has become a flagship of the defense index and a staple in most Israeli pension and investment funds.

In the second quarter of 2026, the company continued to deliver strong results: revenue reached approximately 88 million dollars (a 138% increase year-over-year), net profit more than doubled to 53.6 million dollars, and operating margins hit 59%. The revenue forecast for 2026 has been raised to 355 million dollars, reflecting 111% growth compared to 2025.

Against this backdrop, two major questions remain: when will the long-awaited acquisition occur, and when will the company move to Wall Street?

Chen Golan, Chairman and Co-Founder of Next Vision, commented on the situation:

"Our sector is very hot. Long-term defense procurement processes are underway globally: European defense budgets are moving toward 5% of GDP, the US and India are increasing spending, and Japan is doubling its budget. We continue to invest heavily in R&D and see no competitors reaching our scale. We are also expanding production capabilities in the US and, if needed, in India."

Regarding pricing, Golan noted that the company has not raised prices yet but is monitoring component markets. On the global chip shortage, he emphasized that Next Vision remains a priority for suppliers due to its growth potential.

With over 600 million dollars in cash and deposits at the end of the quarter, the company is well-positioned for an acquisition. However, Golan remains selective:

"We are working on this 24/7. We have a VP dedicated solely to this task. We want to be sure we acquire the right company. Size isn't the only metric; essence matters. We are still growing at a strong pace and investing heavily."

As for a potential NASDAQ IPO, Golan remains cautious:

"If I thought it was the right time, I would do it. We have high liquidity in Tel Aviv and many foreign investors. First, we need to execute an acquisition and prove our integration capabilities."

Addressing the sensitive issue of stock sales by founders, Golan explained that most transactions were in response to requests from institutional investors seeking to enter the company. Next Vision maintains high transparency by including detailed realization tables in its annual reports.

"I sold shares even when the price was 140 shekels, and I didn't think it had reached its peak then," Golan concluded.