Newton Golf ended Q2 2026 with more than 77 professional golfers using its Newton Motion and Fast Motion shafts, up from more than 60 at the end of Q1, while its professional club fitter network expanded to approximately 273 accounts from 235.
The professional users span the PGA TOUR, PGA TOUR Champions, LPGA and Korn Ferry Tours, giving Newton a growing base of competitive golfers using its products even as manufacturing constraints limited the company’s ability to convert broader demand into quarterly revenue.
Newton added 38 club fitter and golf course accounts during Q2 following the appointment of an East Coast sales manager. The expansion increases the company’s distribution presence within the premium fitting market, which management is targeting alongside its direct-to-consumer channel.
Professional adoption is increasingly moving toward Newton’s updated “2.0” products. The company introduced revised versions of its Fast Motion driver shaft and Motion driver and fairway shafts with changes to manufacturing techniques, bend profiles, specifications and production tolerances.
Newton said the products have experienced strong initial professional adoption, including significant conversion from prior-generation shafts. Multiple PGA TOUR Champions players have also adopted the updated Motion fairway wood shaft.
The expanding professional footprint came during a difficult manufacturing quarter. Q2 net sales declined 36% to $1.3 million from $2.1 million as manufacturing-transition work and temporary carbon-fiber supply constraints reduced production throughput and delayed customer shipments.
Newton deliberately moderated marketing spending during the period to prevent demand from exceeding available manufacturing capacity. Despite the revenue decline, gross margin increased to 69.2% from 67.6%, helped by a greater proportion of higher-margin direct-to-consumer sales.
The fulfillment situation improved after the quarter. Additional carbon fiber was secured from Toray Japan while availability from Toray U.S. improved, allowing Newton to increase production and selectively resume marketing. By early August, shipment times had improved to within seven business days, and the company had substantially fulfilled delayed orders associated with the approximately $1.2 million of deposits and open wholesale orders recorded at March 31.
Newton also added financing capacity after quarter-end through a $5 million senior secured revolving credit facility, the exchange of approximately $2.3 million of convertible notes for preferred stock and a private placement that generated approximately $0.9 million of net proceeds.
The company’s challenge is now converting growing professional adoption and a larger fitter network into higher commercial sales as manufacturing capacity normalizes. Newton ended June with $442,000 of cash, making both production execution and access to additional capital important components of the expansion strategy.
KEY QUOTES:
“At the same time, we continued to advance several strategic initiatives, including expanded professional adoption of Newton Motion and Fast Motion shafts, continued growth in our professional fitter network, and the introduction of new Fast Motion fairway wood and hybrid shafts expected to launch commercially in the fourth quarter of 2026 or first quarter of 2027. We introduced updated ‘2.0’ versions of our Fast Motion driver shaft and Motion driver and fairway shafts, which incorporate refinements to shaft design, manufacturing techniques, bend profiles, product specifications and production tolerances. We believe these refinements support more consistent performance characteristics, tighter ball-flight dispersion, improved continuity between driver and fairway shaft specifications and a broader fitting profile across different player types, while also providing greater manufacturing consistency and tighter production tolerances. The updated products have experienced strong initial professional adoption, including significant conversion from prior-generation shafts and recent adoption of the updated Motion fairway wood shaft by multiple players on the PGA TOUR Champions.”
Akinobu Yorihiro, Interim Chief Executive Officer and Chief Technology Officer of Newton Golf
