Senstar Technologies (SNT) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was $8.1 million, down 4% year-over-year, mainly due to project timing delays and elongated procurement cycles, especially in U.S. government markets and APAC.

• LiDAR revenue surged, now representing a substantially larger share of total revenue, with combined sales across Blickfeld and Senstar up fourfold year-over-year.

• EMEA delivered strong growth, up 43% year-over-year, driven by utilities, telecom, energy, corrections, solar farms, and military demand.

• U.S. corrections market and APAC faced declines due to federal shutdown and absence of a large non-recurring project, respectively.

• Acquisition of Blickfeld completed in February 2026, impacting operating results and expenses.

Financial highlights

• Revenue: $8.1 million, down from $8.4 million year-over-year.

• Gross margin: 60%, down from 67.2% year-over-year, due to less favorable product mix and lower revenue.

• Operating expenses: $5.5 million, up 18% year-over-year, mainly from Blickfeld acquisition and increased G&A and marketing.

• Operating loss: $603,000 vs. operating income of $1 million last year.

• EBITDA: loss of $403,000 vs. positive $1.2 million last year.

• Net loss: $800,000 or $0.04 per share, compared to net income of $1 million or $0.04 per share last year.

Outlook and guidance

• Most delayed U.S. correction projects expected to convert over the remainder of 2026.

• Strong pipeline and customer engagement support confidence in long-term growth in intelligent security and sensing solutions.

• LiDAR pipeline growing rapidly, with significant opportunities in security and non-security applications.

• Two new products launching in H2 2026 expected to reinforce competitive positioning.

• Management expects normalization of market conditions and continued healthy customer engagement.