Optex Systems Q2 EPS Beats, Stock +4.6%

Optex Systems reported Q2 FY2026 adjusted EPS of $0.19, beating estimates, while revenue fell 10.3% YoY to $9.6 million.
Gross margin rose to 35.2% from 31.3% due to legacy contract completions, better pricing and operational efficiencies.
Company guided FY2026 revenue $43‑$45 million (midpoint $44 m) and adjusted EBITDA $7.5‑$8.5 million, versus FY2025 $41.3 m revenue and $8.0 m EBITDA.
Cash $4.2 million, no debt, working capital $22.6 million; new orders up 3.8% YoY to $16.3 million despite federal shutdown impact.