Filing Flows › Genasys (GNSS) › Q2 FY26 › vs Q1 FY26
Genasys (GNSS) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Genasys's revenue fell $1.6M (-9%) from $17.1M in Q1 FY26 to $15.5M in Q2 FY26. The biggest changes: Product −$1.5M (-11%); Service −$25K (-0.9%). Gross margin 63.3% against 48.0% (+15.4 pts).
Genasys, Q2 FY26: revenue $15.5M (+124% year over year), operating margin 8.3%, net earnings $723K, operating cash flow −$9.3M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 48.0% | +15.4 pts |
| Operating margin | 8.3% | -2.1% | +10.3 pts |
| Net margin | 4.7% | -4.8% | +9.5 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product | $12.7M | $14.3M | −$1.5M | -11% |
| Service | $2.8M | $2.8M | −$25K | -0.9% |
| Revenue | $15.5M | $17.1M | −$1.6M | -9% |
| Gross profit | $9.8M | $8.2M | $1.6M | +20% |
| Cost of revenue | $5.7M | $8.9M | −$3.2M | -36% |
| Operating profit | $1.3M | −$352K | $1.6M | — |
| Operating expenses | $8.5M | $8.5M | $2K | 0% |
| Pre-tax earnings | $868K | −$692K | $1.6M | — |
| Other expense, net | $414K | $340K | $74K | +22% |
| Research & development | $2.3M | $1.9M | $436K | +23% |
| SG&A | $6.2M | $6.6M | −$434K | -7% |
| Net earnings | $723K | −$817K | $1.5M | — |
| Income tax | $145K | $125K | $20K | +16% |
| Operating cash sources | $11.3M | −$6.9M | $18.2M | — |
| Depreciation & amortization | $689K | $682K | $7K | +1% |
| Share-based compensation | $551K | $419K | $132K | +32% |
| Cash used in operations | $9.3M | −$7.2M | $16.5M | — |
| Working capital & other | $11.3M | −$6.9M | $18.2M | — |
Questions
How much did Genasys's revenue grow quarter over quarter in Q2 FY26?
Genasys's revenue fell $1.6M (-9%) from $17.1M in Q1 FY26 to $15.5M in Q2 FY26.
What drove Genasys's revenue change in Q2 FY26?
Product −$1.5M (-11%); Service −$25K (-0.9%).