ConnectM Q2 FY26 swings to net income of $12.8 million; revenue rises 24% year-over-year to $9.8 million - CNTM News | RalliesConnectM Q2 FY26 swings to net income of $12.8 million; revenue rises 24% year-over-year to $9.8 million
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CNTM• ConnectM posts quarterly profit as revenue rises
- ConnectM posted Q2 2026 net income of $12.8 million, or $2.32 a share, turning from a $7 million loss.
- Revenue rose 24% year over year to $9.8 million; energy infrastructure platforms generated $7.5 million, or 76%.
- Results included a $19.1 million gain on the India divestiture, net of a $4.9 million tax reserve.
- Operating loss narrowed to $2.9 million from $3.5 million; SG&A fell to 55% of revenue from 81%.
- Stockholders’ equity climbed to $15.8 million at June 30, 2026; Blue Cloud stake carried at $33.7 million.
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