Filing Flows › Lightpath Technologies (LPTH) › Q2 FY26
Lightpath Technologies (LPTH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 11, 2026
Lightpath Technologies (LPTH) reported revenue of $16.4M for the second quarter fiscal 2026 (Q2 FY26), +120% from a year earlier and +9% from the quarter before. Operating margin was -52.6%, net loss $9.4M (57.5% of revenue).
Lightpath Technologies, Q2 FY26: revenue $16.4M (+120% year over year), operating margin -52.6%, net loss $9.4M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.4M | +9% | +120% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | $2.8M | — | — |
| Free cash flow | $2.0M | — | — |
What changed
Revenue was $16.4M in Q2 FY26, up 120% year over year and up 9% from the previous quarter. Assemblies and Modules was the largest line at 44% of revenue. Assemblies and Modules added $6.4M year over year (up 741%), 71% of the total change. Engineering Services declined 2%.
Gross margin was 36.8%, up 10.8 points from Q2 FY25. Operating costs exceeded revenue by $8.6M, an operating margin of -52.6%. Operating expenses grew 231% against revenue growth of 120%. The fastest-growing cost line was Other operating costs (+2618%). The quarter ended with a net loss of $9.4M, wider than the previous quarter's $2.9M loss.
Operating cash flow was $2.8M. Non-cash charges added back $1.3M of depreciation and amortization and $339K of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $868K left free cash flow of $2.0M.
Questions
What was Lightpath Technologies' revenue in the second quarter fiscal 2026?
Lightpath Technologies (LPTH) reported revenue of $16.4M for the second quarter fiscal 2026 (Q2 FY26), +120% from a year earlier and +9% from the quarter before.
Was Lightpath Technologies profitable in the second quarter fiscal 2026?
Operating loss was $8.6M (-52.6% of revenue) and net loss $9.4M.