Filing Flows › LSI Industries (LYTS) › Q3 FY26
LSI Industries (LYTS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 8, 2026
LSI Industries (LYTS) reported revenue of $151M for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +2% from the quarter before. Operating margin was 2.7%, net earnings $2.1M (1.4% of revenue).
LSI Industries, Q3 FY26: revenue $151M (+14% year over year), operating margin 2.7%, net earnings $2.1M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +2% | +14% |
| Gross profit | $38.2M | +2% | +16% |
| Operating profit | $4.1M | -54% | -35% |
| Net earnings | $2.1M | -67% | -46% |
| Operating cash flow | $6.9M | -72% | +0.7% |
| Free cash flow | $6.2M | -73% | +0.5% |
What changed
Revenue was $150.5M in Q3 FY26, up 14% year over year and up 2% from the previous quarter. Display Solutions Segment was the largest line at 60% of revenue. Display Solutions Segment added $17.0M year over year (up 23%), 94% of the total change.
Gross margin was 25.4%, up 0.6 points from Q3 FY25. Operating profit was $4.1M, a 2.7% margin (down 2.0 points year over year). Operating profit fell $2.2M even though revenue rose $18.0M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 28% against revenue growth of 14%. Net earnings were $2.1M, down 46% year over year. The effective tax rate was 37.7%.
Operating cash flow was $6.9M (up 1% year over year), 331% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $716K of share-based compensation. Working capital and other items added $731K. Capital expenditures of $707K left free cash flow of $6.2M.
Questions
What was LSI Industries' revenue in the third quarter fiscal 2026?
LSI Industries (LYTS) reported revenue of $151M for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +2% from the quarter before.
Was LSI Industries profitable in the third quarter fiscal 2026?
Operating profit was $4.1M (2.7% of revenue) and net earnings $2.1M.
Source: LSI Industries 10-Q on SEC EDGAR.