Filing Flows › CSP (CSPI) › Q1 FY26
CSP (CSPI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 12, 2026
CSP (CSPI) reported revenue of $12.0M for the first quarter fiscal 2026 (Q1 FY26), -23% from a year earlier and -17% from the quarter before. Operating margin was -0.9%, net earnings $91K (0.8% of revenue).
CSP, Q1 FY26: revenue $12.0M (-23% year over year), operating margin -0.9%, net earnings $91K, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | -17% | -23% |
| Operating profit | −$112K | — | — |
| Net earnings | $91K | — | — |
| Operating cash flow | −$2.9M | -254% | — |
What changed
Revenue was $12.0M in Q1 FY26, down 23% year over year and down 17% from the previous quarter. Product was the largest line at 56% of revenue. Product lost $4.3M year over year (down 39%), 119% of the total change.
Gross margin was 39.3%, up 10.2 points from a year earlier. Operating costs exceeded revenue by $112K, an operating margin of -0.9%. Operating expenses fell 1% while revenue fell 23%. Net earnings were $91K, down 81% year over year. The effective tax rate was 75.5%. Non-operating items added $483K, 130% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.9M. Non-cash charges added back $62K of depreciation and amortization and $463K of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $105K exceeded it, leaving free cash flow of −$3.0M.
Questions
What was CSP's revenue in the first quarter fiscal 2026?
CSP (CSPI) reported revenue of $12.0M for the first quarter fiscal 2026 (Q1 FY26), -23% from a year earlier and -17% from the quarter before.
Was CSP profitable in the first quarter fiscal 2026?
Operating loss was $112K (-0.9% of revenue) and net earnings $91K.
Source: CSP 10-Q on SEC EDGAR.