Orbit International Q2 revenue falls on lower bookings

Orbit International said second-quarter revenue fell year over year as lower bookings and contract delays weighed on results, especially in the Orbit Instrument division.

The company reported Q2 sales of $4.89 million and a net loss of $1.72 million, or $0.51 per share. Gross profit was $1.29 million and gross margin was 26.50%.

Backlog at June 30, 2026 rose 6.5% from year-end, driven by lower shipments and increased proposals.

Looking ahead, the company expects Orbit Instrument delivery schedules to improve significantly in Q4 2026. Bookings at Orbit Power Group have increased by 87.8% through July 31, 2026, and the company expects SPS bookings to improve from the prior year, assuming no significant delays.

The company said contract delays and lower bookings in 2025 led to reduced deliveries and lower sales in Q2. It said the impact was most pronounced in Orbit Instrument.

A supply-chain delay pushed a $1.4 million Orbit Power Group shipment from 2025 into Q1 2026, which boosted Orbit Power Group revenues and margins. SPS results were also hurt by higher legal expenses related to litigation and other legal matters.