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Acuity (AYI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 8, 2026
Acuity (AYI) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -5% from the quarter before. Operating margin was 14.0%, net earnings $120M (10.5% of revenue).
Acuity, Q1 FY26: revenue $1.1B (+20% year over year), operating margin 14.0%, net earnings $120M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -5% | +20% |
| Gross profit | $554M | -6% | +23% |
| Operating profit | $160M | -11% | +20% |
| Net earnings | $120M | +6% | +13% |
| Operating cash flow | $141M | -30% | +7% |
| Free cash flow | $115M | -35% | +1% |
What changed
Revenue was $1.1B in Q1 FY26, up 20% year over year and down 5% from the previous quarter.
Gross margin was 48.4%, up 1.2 points from a year earlier. Operating profit was $0.16B, a 14.0% margin (unchanged year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 14% margin then. Operating expenses grew 24% against revenue growth of 20%. Net earnings were $0.12B, up 13% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.14B (up 7% year over year), 117% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.03B left free cash flow of $0.11B.
Questions
What was Acuity's revenue in the first quarter fiscal 2026?
Acuity (AYI) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -5% from the quarter before.
Was Acuity profitable in the first quarter fiscal 2026?
Operating profit was $160M (14.0% of revenue) and net earnings $120M.
Source: Acuity 10-Q on SEC EDGAR.