Telsys (TLSY) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached $47.95M, up from $32.06M in Q1 2025, driven by strong growth in both SOM and distribution segments.

• Net income attributable to shareholders was $12.08M, compared to $8.80M in Q1 2025.

• The company changed its functional and reporting currency to USD as of January 2025.

• No material impact observed from the 'Operation Harry's Roar' military campaign as of report date.

Financial highlights

• Gross profit for Q1 2026 was $17.75M, up from $13.84M in Q1 2025.

• Operating profit reached $13.34M, compared to $10.25M in Q1 2025.

• Basic and diluted EPS for Q1 2026 were $1.33, up from $0.97 in Q1 2025.

• Cash and cash equivalents at March 31, 2026, stood at $41.58M, up from $29.05M a year earlier.

• Total assets at March 31, 2026, were $175.77M, with equity attributable to shareholders at $77.05M.

Outlook and guidance

• Management continues to monitor global supply chain risks and is taking steps to secure memory components.

• No significant forecast changes; ongoing monitoring of geopolitical and regulatory developments.