- AstroNova (ALOT, Financial) reports a 14.4% increase in first-quarter fiscal 2026 revenue to $37.7 million.
- The company achieved a 16.8% growth in its Aerospace segment and a 13.4% surge in Product Identification.
- AstroNova reaffirms fiscal 2026 guidance with expected revenue between $160 million and $165 million.
AstroNova, Inc. (ALOT), a leader in data visualization technologies, announced strong financial results for the first quarter of fiscal 2026, ended April 30, 2025. The company experienced double-digit revenue growth of 14.4% year-over-year, reaching $37.7 million. This growth was bolstered by a 16.8% increase in the Aerospace segment and a 13.4% rise in Product Identification.
The positive results are partly attributed to the successful integration of the May 2024 acquisition of MTEX, which contributed significantly to the Product Identification segment. The company also executed $1.9 million in annualized cost savings during the first quarter as part of its restructuring plan and anticipates completing the remaining $3 million in cost reductions in the second quarter.
Operating income for the quarter was $0.6 million compared to $1.3 million in the previous year. However, non-GAAP operating income saw a 13.5% increase, reaching $1.5 million. Adjusted EBITDA was reported at $3.1 million, reflecting a 27.7% rise year-over-year.
AstroNova launched three new next-generation printing solutions in the Product Identification segment and secured a renewed $10 million multi-year defense contract for the Aerospace division. Looking forward, the company reaffirms its fiscal 2026 revenue expectations of $160 million to $165 million, with an adjusted EBITDA margin projected to expand to between 8.5% and 9.5%.
Despite facing an increase in corporate expenses due to higher healthcare costs and professional fees, AstroNova remains optimistic about continued growth, driven by higher commercial aircraft build rates and increasing demand for digital printing solutions.
