Quarterly ResultAug 6, 2026, 08:43 AM
Acorn Energy Q2'26 EPS $0.12; Revenue Down 29.4% to $2.49M
AI Summary
Acorn Energy reported Q2'26 diluted EPS of $0.12, a 57.1% decrease year-over-year, with total revenue falling 29.4% to $2.49 million. This decline was primarily due to lower hardware revenue, while high-margin recurring monitoring revenue grew by 8.0%. The company announced a new partnership with Champion Power Equipment and launched OMNI360, a comprehensive remote monitoring solution, aiming for future growth and improved revenue comparisons.
Key Highlights
- Q2'26 diluted EPS was $0.12, a 57.1% decrease from $0.28 in Q2'25.
- Total revenue for Q2'26 decreased 29.4% to $2.49 million from $3.53 million in Q2'25.
- Monitoring revenue increased 8.0% to $1.43 million in Q2'26, reflecting growth in monitored endpoints.
- Hardware revenue decreased 51.7% to $1.06 million in Q2'26, primarily due to timing of deployments.
- Gross margin improved to 82.4% in Q2'26 from 74.9% in Q2'25, driven by higher monitoring revenue.
- Net income attributable to stockholders was $294,000 in Q2'26, down 59.2% from $720,000 in Q2'25.
- Formed a new partnership with Champion Power Equipment for residential generators.
- Launched OMNI360, a new remote monitoring and control solution for critical infrastructure.
Price Impact
More from ACFN