Revenue: As of FY2026 Q2, the actual value is USD 2.489 M.

EPS: As of FY2026 Q2, the actual value is USD 0.12.

EBIT: As of FY2026 Q2, the actual value is USD 407 K.

Second Quarter 2026 (Q2’26) Financial Performance

Acorn Energy, Inc. reported total revenue of $2,489 thousand in Q2’26, representing a -29.4% decrease from $3,525 thousand in Q2’25, primarily due to lower hardware revenue. Monitoring revenue increased by 8.0% to $1,425 thousand in Q2’26 from $1,320 thousand in Q2’25, driven by growth in monitored endpoints. Hardware revenue decreased by -51.7% to $1,064 thousand in Q2’26 from $2,205 thousand in Q2’25. Gross margin improved to 82.4% in Q2’26, up from 74.9% in Q2’25, an increase of +750 basis points, largely due to a higher proportion of monitoring revenue, which had a 95.6% gross margin in Q2’26. Operating expenses decreased by -1.0% to $1,675 thousand in Q2’26 from $1,692 thousand in Q2’25, mainly due to a decrease in research and development (R&D) expense. Operating income for Q2’26 was $375 thousand, compared to $947 thousand in Q2’25. Net income attributable to Acorn Energy, Inc. stockholders was $294 thousand in Q2’26, a -59.2% decrease from $720 thousand in Q2’25. Stock-based compensation expense was $99 thousand in Q2’26, up from $32 thousand in Q2’25. Hardware revenue from a national cell phone provider was $263 thousand in Q2’26, down from $1,338 thousand in Q2’25, while monitoring revenue from the same provider increased to $147 thousand from $102 thousand.

Six Months Ended June 30, 2026 (6M’26) Financial Performance

For the first six months of 2026, total revenue was $4,716 thousand, a -28.8% decrease from $6,623 thousand in 6M’25. Monitoring revenue grew by 9.8% to $2,842 thousand in 6M’26 from $2,589 thousand in 6M’25, while hardware revenue decreased by -53.5% to $1,874 thousand from $4,034 thousand. Gross margin for 6M’26 was 81.3%, an increase of +630 basis points from 75.0% in 6M’25. Operating expenses increased to $3,589 thousand in 6M’26 from $3,414 thousand in 6M’25. Operating income was $246 thousand in 6M’26, significantly lower than $1,551 thousand in 6M’25. Net income attributable to Acorn Energy, Inc. stockholders for 6M’26 was $217 thousand, an -81.7% decrease from $1,184 thousand in 6M’25. Stock-based compensation expense for 6M’26 was $296 thousand, compared to $93 thousand in 6M’25.

Liquidity and Cash Flow

As of June 30, 2026, cash was $4,478 thousand, compared to $4,454 thousand at year-end 2025. Net working capital, excluding deferred revenue, was $6,410 thousand at June 30, 2026, up from $6,254 thousand at December 31, 2025. Net cash provided by operating activities for 6M’26 was $277 thousand, a decrease from $900 thousand in 6M’25. Net cash used in investing activities for 6M’26 was -$263 thousand, which included $250 thousand for the new OMNI360 solutions suite. Net cash provided by financing activities was $10 thousand for 6M’26, compared to $48 thousand in 6M’25. The net increase in cash for 6M’26 was $24 thousand.

Outlook and Growth Initiatives

Acorn Energy, Inc. expects more favorable revenue comparisons moving forward, as significant hardware revenue contributions from a large national cell phone provider have cycled through prior-year comparison periods. The company anticipates its growth initiatives, including a new partnership with Champion Power Equipment and the launch of OMNI360, will help bring top-line growth closer to its three- to five-year target of 20% average annual growth. Acorn Energy, Inc. remains active in pursuing complementary strategic M&A opportunities, despite OMNI360’s expected longer sales cycle.