Filing Flows › Innovative Solutions & Support (IA) › Q2 FY26 › vs Q2 FY25
Innovative Solutions & Support (IA) Q2 FY26 vs Q2 FY25 (year over year)
Innovative Solutions & Support's revenue rose $429K (+2%) from $21.9M in Q2 FY25 to $22.4M in Q2 FY26. The biggest changes: Product +$1.1M (+9%); Services −$702K (-8%). Gross margin 51.1% against 51.4% (-0.2 pts).
Innovative Solutions & Support, Q2 FY26: revenue $22.4M (+2% year over year), operating margin 22.1%, net earnings $3.4M, operating cash flow $2.3M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 51.1% | 51.4% | -0.2 pts |
| Operating margin | 22.1% | 31.8% | -9.7 pts |
| Net margin | 15.4% | 24.3% | -9.0 pts |
| Free cash flow margin | 3.0% | -1.2% | +4.2 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Product | $14.3M | $13.2M | $1.1M | +9% |
| Services | $8.1M | $8.8M | −$702K | -8% |
| Revenue | $22.4M | $21.9M | $429K | +2% |
| Gross profit | $11.4M | $11.3M | $168K | +1% |
| Cost of revenue | $10.9M | $10.7M | $261K | +2% |
| Operating profit | $4.9M | $7.0M | −$2.0M | -29% |
| Operating expenses | $6.5M | $4.3M | $2.2M | +52% |
| Pre-tax earnings | $4.4M | $6.6M | −$2.2M | -33% |
| Other expense, net | $505K | $383K | $122K | +32% |
| Research & development | $1.8M | $867K | $922K | +106% |
| SG&A | $4.7M | $3.4M | $1.3M | +38% |
| Net earnings | $3.4M | $5.3M | −$1.9M | -36% |
| Income tax | $1.0M | $1.3M | −$261K | -21% |
| Depreciation & amortization | $860K | $638K | $222K | +35% |
| Share-based compensation | $496K | $405K | $91K | +23% |
| Working capital & other | $2.5M | $5.1M | −$2.6M | -51% |
| Operating cash flow | $2.3M | $1.3M | $1.0M | +78% |
| Free cash flow (OCF − capex) | $667K | −$268K | $935K | — |
| Capital expenditures | $1.6M | $1.6M | $69K | +4% |
Questions
How much did Innovative Solutions & Support's revenue grow year over year in Q2 FY26?
Innovative Solutions & Support's revenue rose $429K (+2%) from $21.9M in Q2 FY25 to $22.4M in Q2 FY26.
What drove Innovative Solutions & Support's revenue change in Q2 FY26?
Product +$1.1M (+9%); Services −$702K (-8%).