Smartbird

Q2 FY2026 EarningsQ2 FY26 results missed consensus across the board as the company transitioned to a speculative AI Infrastructure model following the sale of its legacy footwear business. Revenue of $2.76M fell 90.65% short of the $29.50M expected, while GAAP EPS of -$1.39 missed the -$1.78 mean expectation primarily due to lower-than-projected business activity. Gross margin was effectively 0% vs. 41.70% expected, reflecting the early-stage nature of the new sales-type lease model.