Quarterly ResultAug 6, 2026, 08:05 AM
Acorn Energy Q2 Revenue Down 29.4% to $2.49M; Net Income Down 59.2%
AI Summary
Acorn Energy reported a 29.4% decrease in Q2 2026 total revenue to $2.49 million and a 59.2% decrease in net income to $294,000. The revenue decline was primarily due to lower hardware sales from a national cell phone provider, while recurring monitoring revenue grew 8.0%. The company announced a new partnership with Champion Power Equipment for residential generators and launched OMNI360, a new remote monitoring solution for critical infrastructure.
Key Highlights
- Q2'26 total revenue decreased 29.4% to $2.49 million from $3.53 million in Q2'25.
- Q2'26 net income attributable to stockholders decreased 59.2% to $294,000 from $720,000 in Q2'25.
- Q2'26 diluted EPS was $0.12, down 57.1% from $0.28 in Q2'25.
- Monitoring revenue grew 8.0% to $1.43 million in Q2'26.
- Hardware revenue decreased 51.7% to $1.06 million in Q2'26.
- Gross margin improved to 82.4% in Q2'26 from 74.9% in Q2'25.
- Formed new partnership with Champion Power Equipment for residential generators.
- Launched OMNI360 remote monitoring and control solution for cell tower campuses.
Price Impact
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