AstroNova Inc. Lowers Fiscal 2026 Revenue Guidance to $149-$154 Million Amid Product ID Challenges

Reuters
Sep 09
<a href="https://laohu8.com/S/ALOT">AstroNova</a> Inc. Lowers Fiscal 2026 Revenue Guidance to $149-$154 Million Amid Product ID Challenges

AstroNova Inc. reported its financial results for the second quarter of fiscal 2026, ending July 31, 2025. The company recorded revenue of $36.1 million, reflecting challenges in Product Identification shipments. A decline of $4.4 million in revenue was noted due to delays in new product launches within the Product Identification segment and a tough comparison with the previous year, which had benefited from $1.3 million in irregular Aerospace segment orders. The company experienced a $2.7 million decline in gross profit, totaling $11.6 million, attributed to lower sales volume and an unfavorable product mix. Gross margin stood at 32.2% of sales. AstroNova reported an operating loss of $0.7 million for the quarter, while non-GAAP operating income was $0.4 million. AstroNova has revised its fiscal 2026 revenue guidance downward to a range of $149 million to $154 million, compared to the previous guidance of $160 million to $165 million. The adjusted EBITDA margin is now expected to be between 7.5% and 8.5%, revised from the earlier range of 8.5% to 9.5%. The company anticipates an effective tax rate of approximately 32.8% for fiscal 2026. Significant business updates include the shipment of redesigned Product Identification MTEX professional label presses and the commencement of shipments for MTEX direct-to-packaging printers in August 2025. In its Aerospace segment, AstroNova began shipping ToughWriter® units to a major OEM, marking a transition from legacy printers to ToughWriters, with a goal of over 80% of flight deck printer shipments being ToughWriters by the end of fiscal 2026.

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