Janus

Q2 FY2026 EarningsQ2 FY2026 results missed consensus on the top and bottom lines, with revenue of $233.5M vs. $239.4M expected and GAAP EPS of $0.08 vs. $0.082 expected. While the Self-Storage segment grew 15.4% YoY, this was offset by a 21.2% decline in Commercial & Other revenues. Adjusted EBITDA margin contracted significantly by 430 bps YoY to 17.2%. Management lowered full-year FY2026 revenue guidance to $925M–$945M and Adjusted EBITDA to $150M–$170M, reflecting a challenging operating environment.