Acorn Energy shares slipped 0.8% after the company reported second-quarter 2026 revenue fell 29.4% year over year to $2.5 million, with diluted earnings per share dropping 57.1% to $0.12. Net income attributable to stockholders decreased 59.2% to $294,000, as hardware revenues plunged 51.7% to $1.1 million, partly offset by a 7.9% rise in monitoring revenues to $1.4 million. Gross margin expanded 750 basis points to 82.4% due to a higher mix of monitoring revenue, and the company ended the quarter with $4.5 million in cash and no debt. Management expects more favorable year-over-year comparisons going forward and continues to target approximately 20% average annual revenue growth over a three-to-five-year horizon.
Acorn Energy, Inc.Q2 revenue fell 29.4% and EPS dropped 57.1%, driving shares down.