CSP Inc Reports 21.8% Q2 Revenue Growth, $0.03 Dividend Declared
CSPi's Q2 FY26 revenue rose 21.8% to $16.0 million with product sales up 30% and service revenue up 6.6%, resulting in net income of $264,000 (EPS $0.03) versus a loss last year. The board also declared a $0.03 quarterly dividend, supported by a $23.1 million cash balance and expanding AZT PROTECT deployments.
1. Fiscal Second Quarter Results
CSP Inc reported revenue of $16.0 million for the quarter ended March 31, 2026, a 21.8% increase from $13.1 million a year earlier. Product sales rose 30% to $11.1 million while service revenue grew 6.6% to $4.9 million, generating net income of $264,000 or $0.03 per share versus a $108,000 loss last year.
2. Dividend and Financial Position
The board declared a quarterly dividend of $0.03 per share payable June 15 to shareholders of record May 21. The company holds $23.1 million in cash and equivalents, underpinning its capacity to fund growth initiatives and customer financing.
3. Technology Solutions and AZT PROTECT Expansion
Deployment of the AZT PROTECT cybersecurity platform accelerated, including installations at over two dozen global cement manufacturing sites. The land-and-expand strategy doubled initial site engagements and is expected to drive further multi-site deployments across steel, energy, manufacturing, and utility sectors.
4. Management Outlook
Leadership indicated that momentum in the U.S. Technology Solutions segment and strong customer retention in services support goals for full-year growth. With cloud and managed services as primary drivers, executives aim to leverage AZT PROTECT’s market opportunity and maintain growth into the fiscal second half.