Geospace Technologies Q2 Earnings Call Highlights

• Geospace Stock Skyrockets After Major Petrobras Contract

Geospace Technologies (NASDAQ:GEOS) reported second-quarter fiscal 2026 gross of $19.7 cardinal and a nett nonaccomplishment of $11.1 million, arsenic the institution navigated what executives described arsenic near-term marketplace unit portion continuing efforts to diversify beyond its accepted lipid and state exposure.

On the company’s net call, President and CEO Richard Kelley said the 4th included “encouraging signs done caller declaration wins and expanding opportunities,” highlighting aboriginal gross designation from a Permanent Reservoir Monitoring (PRM) project, ongoing advancement successful recurring gross initiatives specified arsenic the Heartbeat Detector subscription model, and efforts to grow declaration manufacturing and “white label” opportunities successful Smart Water.

Quarterly results and equilibrium expanse

→ Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30%

• 3 Stocks For the Resurgent Energy Rally

Chief Financial Officer Robert Curda said Geospace ended the March 31 4th with gross of $19.7 million, up from $18.0 cardinal successful the year-ago period. Net nonaccomplishment widened to $11.1 million, oregon $0.86 per diluted share, compared with a nett nonaccomplishment of $9.8 million, oregon $0.77 per diluted share, a twelvemonth earlier.

For the archetypal six months of fiscal 2026, Curda reported gross of $45.3 million, down from $55.2 cardinal successful the comparable prior-year period. Net nonaccomplishment for the six-month play was $20.8 million, oregon $1.62 per diluted share, compared with a nett nonaccomplishment of $1.4 million, oregon $0.11 per diluted share, past year.

→ Years successful the Making, AMD’s Upside Movement Has Just Begun

Curda besides provided equilibrium expanse details, stating the institution had $13.4 cardinal successful currency astatine quarter-end and “available borrowings of $25 million” nether its recognition statement with Woodforest National Bank. Working superior was $45 million, including $19 cardinal of commercialized accounts and financing receivables. Capital investments into works and instrumentality totaled $3.0 cardinal for the six-month period.

Segment performance: Smart Water down, Energy Solutions up twelvemonth implicit twelvemonth

In Smart Water, Curda said quarterly gross was $3.7 million, down from $9.5 cardinal successful the year-ago quarter, a 61% decline. For the six-month period, Smart Water gross was $9.5 cardinal versus $16.8 cardinal a twelvemonth earlier. Curda attributed the weakness chiefly to lower-than-expected request for the HydroConn connector arsenic customers worked done excess inventory, adding that arsenic inventory levels normalize the institution expects “gradual gross betterment successful the coming quarters.” Kelley said the broader slowdown appeared to beryllium market-wide alternatively than a nonaccomplishment of share, noting Geospace sells to “almost each OEM” and is “seeing that aforesaid driblet crossed truly each the players.”