Acorn Energy reported second-quarter 2026 net income of $294,000, or $0.12 per diluted share, and set a 3- to 5-year target of approximately 20% average annual revenue growth. Total revenue was $2.49 million, with monitoring revenue rising 8% to $1.425 million, while hardware revenue fell to $1.06 million from $2.21 million a year earlier as large cell-phone-provider orders cycled through. Gross margin improved 750 basis points to 82.4%, and the company ended the quarter with $4.478 million in cash and no debt. Management highlighted a new partnership with Champion Power Equipment, priced on an assumed annual volume of 3,000 units but carrying no minimum purchase obligation, and the formal launch of OMNI360, a remote monitoring and control platform for cell tower security now available in three tiers. Executives cautioned that OMNI360 faces longer enterprise sales cycles and that pricing remains unproven, while reiterating a telecom-first focus and disciplined M&A criteria.
Acorn Energy, Inc.Reports Q2 net income, revenue growth target, and improved margins.
