Optical Cable Corporation Q1 Sales Up 4.4% to $16.4M, Backlog Jumps 50%
Optical Cable Corporation's Q1 FY 2026 net sales rose 4.4% to $16.4 million, driven by an 18% increase in international sales, offsetting flat domestic demand. Gross profit climbed 16.1% to $5.4 million with margins expanding to 32.7%, and backlog surged over 50% to $10.4 million.
1. First Quarter Financial Results
Consolidated net sales increased 4.4% to $16.4 million for Q1 FY2026, compared to $15.7 million last year. Gross profit rose 16.1% to $5.4 million, lifting gross margin to 32.7% from 29.4%, while net loss narrowed to $398,000 or $0.05 per share.
2. Sales Breakdown and Backlog
International sales jumped 18.0% year-over-year, offset by a less than 1% gain in domestic sales. The company’s order backlog climbed over 50% to $10.4 million, up from $7.3 million, reflecting growing momentum in enterprise and specialty markets.
3. Expense Trends and Outlook
SG&A expenses modestly increased to $5.6 million driven by higher personnel and shipping costs. Management highlighted continued demand in data center markets and expressed confidence in disciplined execution to drive value and growth in fiscal year 2026.