Acuity Inc. (NYSE: AYI) reported second-quarter fiscal 2026 results that exceeded earnings expectations but fell short on revenue, sending shares down more than 5% intraday Thursday.
The company reported adjusted earnings per share of $4.14, beating the analyst consensus of $4.07 by $0.07.
Revenue came in at $1.05 billion, below the $1.09 billion estimate, though it increased 4.9% from $1.01 billion in the prior-year period. Operating profit rose 21% year over year to $133.0 million, while adjusted operating profit increased 8% to $176.0 million.
Segment performance was mixed. The Acuity Brands Lighting segment generated revenue of $817.4 million, representing a 2.8% decline year over year. In contrast, the Acuity Intelligent Spaces segment delivered strong growth, with revenue rising 44.7% to $248.1 million, including the benefit of an additional month of QSC performance.
Overall, adjusted operating profit margin expanded by 50 basis points to 16.7%.
