Optex | 8-K: FY2026 Q2 Revenue: USD 9.627 M

Revenue: As of FY2026 Q2, the actual value is USD 9.627 M.

EPS: As of FY2026 Q2, the actual value is USD 0.19.

EBIT: As of FY2026 Q2, the actual value is USD 1.629 M.

Segment Revenue

Revenue for the three months ended March 29, 2026, was $9,627 thousand, representing a 10.3% decrease compared to $10,730 thousand in the prior year period. Six-month revenue for the period ended March 29, 2026, totaled $18,772 thousand, a 0.8% decrease compared to $18,928 thousand in the prior year.

Operational Metrics

Net Income:Quarterly net income for the three months ended March 29, 2026, was $1,341 thousand, a 24.2% decrease from $1,768 thousand in the prior year. Net income for the six months ended March 29, 2026, was $1,583 thousand, a 39.4% decrease from $2,612 thousand in the prior year.

Gross Margin:Three-month gross margin improved to 35.2% for the period ended March 29, 2026, compared to 31.3% last year, representing a 12.5% increase. Gross margin for the six months ended March 29, 2026, was 29.2%, a 0.7% increase from 29.0% in the prior year.

Operating Income:Operating income for the three months ended March 29, 2026, was $1,664 thousand, a 25.6% decrease from $2,237 thousand in the prior year. Operating income for the six months ended March 29, 2026, was $1,813 thousand, a 42.5% decrease from $3,153 thousand in the prior year.

Operating Costs (General and Administrative Expense):General and administrative expense for the three months ended March 29, 2026, was $1,728 thousand, compared to $1,124 thousand in the prior year. General and administrative expense for the six months ended March 29, 2026, was $3,675 thousand, compared to $2,336 thousand in the prior year.

Adjusted EBITDA (non-GAAP):Quarterly Adjusted EBITDA for the three months ended March 29, 2026, was $2,035 thousand, a 16.4% decrease compared to $2,435 thousand in the prior year period. Adjusted EBITDA for the six months ended March 29, 2026, was $2,763 thousand, a 22.6% decrease compared to $3,572 thousand in the prior year.

Unique Metrics

New orders increased 3.8% year over year to $16.3 million for the first six months ended March 29, 2026. Working capital increased to $22.6 million. The cash balance totaled $4.2 million with no outstanding debt under the Company’s revolving credit facility. During the first six months of fiscal 2026, Optex Systems Holdings, Inc. invested approximately $0.8 million in capital equipment and has an additional $1.1 million in committed capital expenditures.

Fiscal 2026 Outlook

Optex Systems Holdings, Inc. anticipates full-year fiscal 2026 revenue to range between $43 million and $45 million, an increase from $41.3 million in fiscal 2025. The Company also expects full-year fiscal 2026 Adjusted EBITDA to be between $7.5 million and $8.5 million, compared to $8.0 million in fiscal 2025. These projections are based on current funded backlog and anticipated contract awards, with stronger revenue performance expected in the second half of fiscal 2026.