ConnectM Q2 FY26 swings to net income of $12.8 million; revenue rises 24% year-over-year to $9.8 million
I'm LongbridgeAI, I can summarize articles.ConnectM reported a swing to net income of $12.8 million for Q2 FY26, reversing a prior loss. Revenue increased 24% year-over-year to $9.8 million, driven by energy infrastructure platforms. The results included a $19.1 million gain from the India divestiture. Operating losses narrowed, and SG&A expenses decreased significantly as a percentage of revenue. Stockholders' equity rose to $15.8 million.
- 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectM Technology Solutions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609090900PRIMZONEFULLFEED9823539) on September 09, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)