Senstar Technologies (SNT) Q2 2026 earnings summary

Executive summary

• Second quarter 2026 revenue reached $10.4 million, up 8% year-over-year, marking a return to profitability.

• LiDAR sales nearly doubled year-over-year, now representing 20% of global sales, and were a key driver of overall performance.

• Integration of Blickfeld is progressing, generating synergies and positive EBITDA for Blickfeld in Q2.

• Strong growth in EMEA and APAC offset weakness in the U.S. corrections vertical, which faced project delays due to government shutdowns.

• Product innovation continues, with two major launches planned for the second half of 2026.

Financial highlights

• Revenue increased to $10.4 million from $9.7 million year-over-year, driven by APAC and EMEA.

• Gross margin was 64.2%, down from 66.1% year-over-year but up from 60% sequentially.

• Operating expenses rose 18% to $6.4 million, mainly due to Blickfeld acquisition and R&D costs.

• Operating income was $343,000, down from $1 million year-over-year, impacted by integration expenses.

• Net income attributable to shareholders was $0.4 million ($0.02/share), compared to $1.2 million ($0.05/share) last year.

• EBITDA was $0.6 million, down from $1.1 million year-over-year but improved from a loss of $403,000 in Q1.

• Cash and equivalents were $8 million as of June 30, 2026, down from $22.5 million at year-end, reflecting the Blickfeld acquisition.

Outlook and guidance

• Expectation for U.S. corrections market recovery in the second half of 2026, with early signs of resumed activity.

• Continued focus on cross-selling LiDAR, expanding recurring software revenue, and scalable deployments for delayed projects.

• Anticipate further growth in EMEA and APAC, with a strong pipeline in utilities, data centers, and airports.

• Two new product launches (Embedded FiberTrench and Symphony Workflow Engine) expected in H2 2026.

• Confidence in delivering sustainable, profitable growth through ongoing strategic initiatives.