NAPCO Security Technologies reported first‑quarter fiscal 2026 results on 2025‑11‑03, posting revenue of $49.2 million, an 11.7% year‑over‑year increase, and net income of $12.2 million, up 8.8% from the prior year quarter. Diluted earnings per share were $0.34 and adjusted EBITDA rose 21.1% to $14.9 million, reflecting a margin of 30.4% versus 28.0% in Q1 2025.
Recurring service revenue accounted for 48% of total revenue and is projected to run at roughly $95 million annually. Equipment sales grew 12.3% to $25.7 million, driven by strong demand for StarLink radios and the newly launched MVP access platform. The company’s gross profit margin for the quarter was 56.6%, an improvement from 55.9% in the same period a year earlier.
Compared with Q1 2025, which generated $44.00 million in revenue and $11.19 million in net income with diluted EPS of $0.30, the company achieved higher top‑line and bottom‑line growth. In the preceding quarter, Q4 2025, NAPCO reported net sales of $50.7 million, a 1% year‑over‑year increase, and diluted EPS of $0.33.
The balance sheet remains strong, with the company debt‑free and holding $95.4 million in cash and equivalents. NAPCO will continue to invest in research and development and return capital to shareholders, including a quarterly dividend of $0.14 per share effective January 2 2026. No forward guidance was provided for subsequent periods.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.