Filing Flows › CSP (CSPI) › Q2 FY26
CSP (CSPI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
CSP (CSPI) reported revenue of $16.0M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +33% from the quarter before. Operating margin was -5.3%, net earnings $264K (1.6% of revenue).
CSP, Q2 FY26: revenue $16.0M (+22% year over year), operating margin -5.3%, net earnings $264K, operating cash flow −$493K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.0M | +33% | +22% |
| Operating profit | −$851K | — | — |
| Net earnings | $264K | +190% | — |
| Operating cash flow | −$493K | — | -126% |
What changed
Revenue was $16.0M in Q2 FY26, up 22% year over year and up 33% from the previous quarter. Product was the largest line at 69% of revenue. Product added $2.6M year over year (up 30%), 89% of the total change.
Gross margin was 27.9%, down 4.1 points from Q2 FY25. Operating costs exceeded revenue by $851K, an operating margin of -5.3%. Operating expenses grew 2% against revenue growth of 22%. Net earnings were $264K. Non-operating items added $547K, -180% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$493K. Non-cash charges added back $68K of depreciation and amortization and $390K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $14K exceeded it, leaving free cash flow of −$507K.
Questions
What was CSP's revenue in the second quarter fiscal 2026?
CSP (CSPI) reported revenue of $16.0M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +33% from the quarter before.
Was CSP profitable in the second quarter fiscal 2026?
Operating loss was $851K (-5.3% of revenue) and net earnings $264K.
Source: CSP 10-Q on SEC EDGAR.