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How LSI Industries (LYTS) makes money

LSI Industries (LYTS) made $226M of revenue in the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier. Display Solutions Segment brought in $161M (71%); Lighting Segment brought in $64.8M (29%). Of every dollar of revenue, 23¢ was left as gross profit, 6¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

LSI Industries revenue by segment, Q1 FY27LSI Industries revenue by segment, Q1 FY27Display Solutions Segment$161MLighting Segment$64.8M
LSI Industries: revenue by line, Q3 FY25 to Q1 FY27LSI Industries: revenue by line, Q3 FY25 to Q1 FY27Display Solutions Seg…Lighting SegmentDisplay Solutions Segment: $161M latest$161MLighting Segment: $64.8M latest$64.8MQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Display Solutions Segment went from 55% of revenue in Q3 FY25 to 71% in Q1 FY27, the largest shift in the mix.
LSI Industries revenue by quarterLSI Industries revenue by quarter$132MQ3 FY25$155MQ4 FY25$157MQ1 FY26$147MQ2 FY26$151MQ3 FY26$235MQ4 FY26$226MQ1 FY27
LSI Industries: where each dollar of revenue goesLSI Industries: where each dollar of revenue goesCost of revenue77¢Gross profit23¢Operating expenses17¢Operating profit6¢Income tax1¢Net earnings3¢Operating cash flow7¢Free cash flow6¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Display Solutions Segment$161M71.3%-2%+83%
Lighting Segment$64.8M28.7%-8%-6%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$226M100.0%
Cost of revenue$174M76.9%
Gross profit$52.2M23.1%
Operating expenses$38.1M16.9%
Operating profit$14.2M6.3%
Income tax$3.1M1.4%
Net earnings$7.1M3.2%
Operating cash flow$15.2M6.7%
Free cash flow$13.8M6.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$226M+44%
Q4 FY26$235M+51%
Q3 FY26$151M+14%
Q2 FY26$147M-0.5%
Q1 FY26$157M+14%
Q4 FY25$155M+20%
Q3 FY25$132M+22%

From LSI Industries' 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does LSI Industries make money?

LSI Industries (LYTS) made $226M of revenue in the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier. Display Solutions Segment brought in $161M (71%); Lighting Segment brought in $64.8M (29%). Of every dollar of revenue, 23¢ was left as gross profit, 6¢ was left as operating profit, 3¢ was left as net earnings.

What is LSI Industries' biggest business?

Display Solutions Segment: $161M in the first quarter fiscal 2027, 71% of revenue, +83% from a year earlier.

What is LSI Industries' profit margin?

Net earnings were $7.1M, 3.2% of revenue, in the first quarter fiscal 2027; the operating margin was 6.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.