Filing Flows › LSI Industries (LYTS) › Q1 FY26
LSI Industries (LYTS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 7, 2025
LSI Industries (LYTS) reported revenue of $157M for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +1% from the quarter before. Operating margin was 7.0%, net earnings $7.3M (4.6% of revenue).
LSI Industries, Q1 FY26: revenue $157M (+14% year over year), operating margin 7.0%, net earnings $7.3M, operating cash flow $676K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +1% | +14% |
| Gross profit | $40.3M | -0.4% | +20% |
| Operating profit | $11.0M | -8% | +20% |
| Net earnings | $7.3M | -11% | +9% |
| Operating cash flow | $676K | -93% | -94% |
What changed
Revenue was $157.2M in Q1 FY26, up 14% year over year and up 1% from the previous quarter. Display Solutions Segment was the largest line at 56% of revenue. Lighting Segment added $10.6M year over year (up 18%), 55% of the total change.
Gross margin was 25.6%, up 1.2 points from a year earlier. Operating profit was $11.0M, a 7.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 7% margin then. Operating expenses grew 20% against revenue growth of 14%. Net earnings were $7.3M, up 9% year over year. The effective tax rate was 25.1%.
Operating cash flow was $676K (down 94% year over year), 9% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $10.9M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$291K.
Questions
What was LSI Industries' revenue in the first quarter fiscal 2026?
LSI Industries (LYTS) reported revenue of $157M for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +1% from the quarter before.
Was LSI Industries profitable in the first quarter fiscal 2026?
Operating profit was $11.0M (7.0% of revenue) and net earnings $7.3M.
Source: LSI Industries 10-Q on SEC EDGAR.