Quarterly ResultMay 7, 2026, 04:35 PM
Arlo Q1 Revenue +26.3% to $150.4M; Net Income $14.9M; Acquires Canary
AI Summary
Arlo Technologies reported a strong first quarter for 2026, with total revenue increasing by 26.3% year-over-year to $150.4 million and a significant turnaround to a net income of $14.9 million. The company also completed the acquisition of Canary Connect, Inc. for $48.9 million to expand its AI-driven smart home security market presence and merged with Aloe Care Health, Inc. for $15.0 million cash plus earnout to accelerate AI-powered services for aging-in-place care.
Key Highlights
- Total revenue increased 26.3% to $150.4 million in Q1 2026.
- Net income was $14.9 million ($0.13 diluted EPS) in Q1 2026, up from a loss of $0.8 million.
- Subscriptions and services revenue grew 30.9% to $90.1 million.
- Acquired Canary Connect, Inc. for $48.9 million to expand AI-driven smart home security.
- Merged with Aloe Care Health, Inc. for $15.0 million cash plus up to $25.0 million earnout.
- Gross profit rose 37.8% to $72.7 million in Q1 2026.
- Cash and cash equivalents stood at $152.6 million as of March 29, 2026.
- Recognized a $6.4 million gain from the sale of a long-term investment.