Filing Flows › LSI Industries (LYTS) › Q2 FY26
LSI Industries (LYTS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 9, 2026
LSI Industries (LYTS) reported revenue of $147M for the second quarter fiscal 2026 (Q2 FY26), -0.5% from a year earlier and -7% from the quarter before. Operating margin was 6.0%, net earnings $6.3M (4.3% of revenue).
LSI Industries, Q2 FY26: revenue $147M (-0.5% year over year), operating margin 6.0%, net earnings $6.3M, operating cash flow $25.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $147M | -7% | -0.5% |
| Gross profit | $37.4M | -7% | +7% |
| Operating profit | $8.9M | -19% | +5% |
| Net earnings | $6.3M | -13% | +12% |
| Operating cash flow | $25.0M | 37× | +153% |
| Free cash flow | $23.3M | — | +164% |
What changed
Revenue was $147.0M in Q2 FY26, roughly flat year over year and down 7% from the previous quarter. Display Solutions Segment was the largest line at 55% of revenue. Display Solutions Segment lost $9.2M year over year (down 10%), 1256% of the total change.
Gross margin was 25.5%, up 1.9 points from a year earlier. Operating profit was $8.9M, a 6.0% margin (up 0.3 points year over year). Operating expenses grew 8% against flat revenue. Net earnings were $6.3M, up 12% year over year. The effective tax rate was 24.4%.
Operating cash flow was $25.0M (up 153% year over year), 394% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $14.4M. Capital expenditures of $1.7M left free cash flow of $23.3M.
Questions
What was LSI Industries' revenue in the second quarter fiscal 2026?
LSI Industries (LYTS) reported revenue of $147M for the second quarter fiscal 2026 (Q2 FY26), -0.5% from a year earlier and -7% from the quarter before.
Was LSI Industries profitable in the second quarter fiscal 2026?
Operating profit was $8.9M (6.0% of revenue) and net earnings $6.3M.
Source: LSI Industries 10-Q on SEC EDGAR.