AstroNova, Inc. announced its financial results for the fiscal 2026 second quarter ended July 31, 2025, reporting total revenue of $36.102 million, a decrease of 10.9% year-over-year. The company posted a GAAP net loss of $1.243 million, or $0.16 per share, and Adjusted EBITDA declined by 46.6% to $2.055 million, with the Adjusted EBITDA margin falling to 5.7%.
Jorik Ittmann, President and CEO, stated that the results were disappointing and led to an adjustment in the company's outlook. The Product Identification segment's revenue decreased by 8.9% to $24.8 million due to delays in new technology deployment and longer sales cycles. The Aerospace segment's revenue also decreased by 15.1% to $11.3 million, primarily due to tough comparisons against prior-year irregular orders.
AstroNova revised its fiscal 2026 revenue guidance from a range of $160 million to $165 million down to $149 million to $154 million, which is similar to fiscal 2025. The Adjusted EBITDA margin projection was also lowered from 8.5%-9.5% to 7.5%-8.5%. These revisions reflect ongoing efforts to reignite sales in Product ID and improve operational efficiency.
The company shipped the first redesigned printers incorporating MTEX's autonomous ink printheads, including the QL-425, QL-435, and AJ-800. In the Aerospace business, shipments of the ToughWriter 640 flight deck printer to a major aircraft manufacturer began. AstroNova also entered an amended credit agreement, waiving non-compliance with a minimum fixed charge coverage ratio for Q2 FY26, and is discussing restructuring its current financing into a real estate-backed loan.
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