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Genasys (GNSS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 14, 2026
Genasys (GNSS) reported revenue of $15.5M for the second quarter fiscal 2026 (Q2 FY26), +124% from a year earlier and -9% from the quarter before. Operating margin was 8.3%, net earnings $723K (4.7% of revenue).
Genasys, Q2 FY26: revenue $15.5M (+124% year over year), operating margin 8.3%, net earnings $723K, operating cash flow −$9.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.5M | -9% | +124% |
| Gross profit | $9.8M | +20% | +276% |
| Operating profit | $1.3M | — | — |
| Net earnings | $723K | — | — |
| Operating cash flow | −$9.3M | -229% | — |
What changed
Revenue was $15.5M in Q2 FY26, up 124% year over year and down 9% from the previous quarter. Product was the largest line at 82% of revenue. Product added $9.7M year over year (up 315%), 113% of the total change. Service declined 28%.
Gross margin was 63.3%, up 25.7 points from Q2 FY25. Operating profit was $1.3M, a 8.3% margin (up 98.5 points year over year). Operating expenses fell 4% while revenue rose 124%. Net earnings were $723K. The effective tax rate was 16.7%.
Operating cash flow was −$9.3M. Non-cash charges added back $689K of depreciation and amortization and $551K of share-based compensation. Working capital and other items used $11.3M. Capital expenditures of $41K exceeded it, leaving free cash flow of −$9.4M.
Questions
What was Genasys' revenue in the second quarter fiscal 2026?
Genasys (GNSS) reported revenue of $15.5M for the second quarter fiscal 2026 (Q2 FY26), +124% from a year earlier and -9% from the quarter before.
Was Genasys profitable in the second quarter fiscal 2026?
Operating profit was $1.3M (8.3% of revenue) and net earnings $723K.
Source: Genasys 10-Q on SEC EDGAR.