AstroNova reported revenue of $36.1 million for the second quarter of fiscal 2026, facing challenges in Product Identification shipments.
The company shipped redesigned Product Identification MTEX professional label presses and started shipping MTEX direct-to-packaging printers in August 2025.
In the Aerospace segment, AstroNova began shipping ToughWriter printers to a major OEM, transitioning to ToughWriters for flight deck printers.
Revenue Adjustment
Revised fiscal 2026 revenue guidance downward to $149 to $154 million with adjusted EBITDA margin to 7.5% to 8.5%.
CEO Statement
Jorik Ittmann, President and CEO, acknowledged disappointing financial results and outlined efforts to reignite sales, rebuild relationships, secure new customers, and improve efficiency.
Product Releases
Shipped redesigned printers incorporating MTEX's autonomous ink printheads and ToughWriter 640 flight deck printers in the period.
- The decline in revenue by $4.4 million was influenced by delays in new product launches and a challenging year-over-year comparison.
- Product Identification segment revenue was $24.8 million, down 8.9%, attributed to delays in technology deployment and longer sales cycles.
- Operating income for Product Identification was $1.9 million, reflecting lower sales volume and restructuring charges.
- Net loss of $1.2 million was driven by lower sales and gross profit, partially offset by reduced operating expenses.
AstroNova's second-quarter results reflect challenges in the Product Identification segment but show efforts to drive change and growth under new CEO leadership.