Filing Flows › LSI Industries (LYTS) › Q1 FY27
LSI Industries (LYTS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
LSI Industries (LYTS) reported revenue of $226M for the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier and -4% from the quarter before. Operating margin was 6.3%, net earnings $7.1M (3.2% of revenue).
LSI Industries, Q1 FY27: revenue $226M (+44% year over year), operating margin 6.3%, net earnings $7.1M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | -4% | +44% |
| Gross profit | $52.2M | -9% | +30% |
| Operating profit | $14.2M | -2% | +29% |
| Net earnings | $7.1M | +4% | -2% |
| Operating cash flow | $15.2M | +32% | 23× |
| Free cash flow | $13.8M | +41% | — |
What changed
Revenue was $225.9M in Q1 FY27, up 44% year over year and down 4% from the previous quarter. Display Solutions Segment was the largest line at 71% of revenue. Display Solutions Segment added $72.8M year over year (up 83%), 106% of the total change. Lighting Segment declined 6%.
Gross margin was 23.1%, down 2.5 points from Q1 FY26. Operating profit was $14.2M, a 6.3% margin (down 0.7 points year over year). Of the extra revenue versus Q1 FY26, 5% reached operating profit, below the 7% margin then. Operating expenses grew 30% against revenue growth of 44%. Net earnings were $7.1M, down 2% year over year. The effective tax rate was 30.0%.
Operating cash flow was $15.2M (up 2153% year over year), 214% of net earnings. Non-cash charges added back $6.5M of depreciation and amortization and $1.0M of share-based compensation. Capital expenditures of $1.4M left free cash flow of $13.8M.
Questions
What was LSI Industries' revenue in the first quarter fiscal 2027?
LSI Industries (LYTS) reported revenue of $226M for the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier and -4% from the quarter before.
Was LSI Industries profitable in the first quarter fiscal 2027?
Operating profit was $14.2M (6.3% of revenue) and net earnings $7.1M.
Source: LSI Industries 10-Q on SEC EDGAR.