Filing Flows › Mobix Labs (MOBX) › Q2 FY26
Mobix Labs (MOBX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 20, 2026
Mobix Labs (MOBX) reported revenue of $970K for the second quarter fiscal 2026 (Q2 FY26), -61% from a year earlier and -48% from the quarter before. Operating margin was -627.9%, net loss $5.9M (603.4% of revenue).
Mobix Labs, Q2 FY26: revenue $970K (-61% year over year), operating margin -627.9%, net loss $5.9M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $970K | -48% | -61% |
| Operating profit | −$6.1M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $1.0M in Q2 FY26, down 61% year over year and down 48% from the previous quarter. Product was the largest line at 69% of revenue. Product lost $788K year over year (down 54%), 51% of the total change.
Gross margin was 19.0%, down 21.7 points from Q2 FY25. Operating costs exceeded revenue by $6.1M, an operating margin of -627.9%. Operating expenses fell 29% while revenue fell 61%. The quarter ended with a net loss of $5.9M, narrower than the previous quarter's $10.1M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $424K of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $1.3M.
Questions
What was Mobix Labs' revenue in the second quarter fiscal 2026?
Mobix Labs (MOBX) reported revenue of $970K for the second quarter fiscal 2026 (Q2 FY26), -61% from a year earlier and -48% from the quarter before.
Was Mobix Labs profitable in the second quarter fiscal 2026?
Operating loss was $6.1M (-627.9% of revenue) and net loss $5.9M.
Source: Mobix Labs 10-Q on SEC EDGAR.