Laird Superfood

Q2 FY2026 EarningsQ2 FY26 delivered a significant revenue beat of $41.3M vs. $35.2M expected (+17.5% Variance), driven by the inorganic contribution of the Navitas and Terrasoul acquisitions which added $29.4M. However, profitability missed consensus significantly, with a GAAP EPS of -$0.25 vs. -$0.08 expected, and gross margins contracting to 30.3% vs. 31.3% consensus (-1.03pct). While the top-line scaling is aggressive, integration costs of $3.5M and commodity inflation resulted in a wider-than-expected operating loss of $1.86M.