CSP Inc.

CSP Inc. Earnings Recaps

CSPI Information Technology 3 recaps
Q2 2026 May 8, 2026

CSP Inc.’s stock edged down 0.2% following Q2 results that showed steady growth but continued delays in expanding AZT Protect deployments, signaling lingering concerns about the pace of customer adoption and site rollouts.

Key takeaways
  • Product sales grew 30% YoY; service business revenue increased 7% YoY, driven primarily by the U.S. Technology Solutions segment.
  • AZT Protect orders doubled compared to Q2 2025, with over 10 new land-and-expand deals, but expansion to additional customer sites remains slower than hoped due to stakeholder realignments and validation requirements.
  • A significant multi-site agreement signed in April, representing six-figure annual revenue from over two dozen U.S. sites of a global cement manufacturer, will be recognized in Q3.
  • Managed cloud and services practice grew 11% YoY, reflecting ongoing migration and operational support trends in cloud adoption.
  • Management acknowledges timing challenges in customer deployment cycles, tempering near-term visibility despite promising long-term fundamentals.
Full recap
Q1 2026 Feb 12, 2026

CSP Inc. reported a challenging first quarter for fiscal year 2026, with total revenue decline influenced by a one-time product deal in the prior year; however, service revenue grew 14.6%, driving an increase in gross margins to 39.3%.

Key takeaways
  • Service revenue growth of 14.6% amidst tough year-over-year comparables reflects strong demand for technology solutions and managed services.
  • Gross margins improved to 39.3%, leading to a $171,000 increase in gross profit compared to the prior year.
  • The AZT Protect cybersecurity solution gained traction with multiple new sites, contributing to year-over-year revenue growth.
  • New customer wins in the managed service practice are expected to generate nearly six figures in monthly revenue starting this quarter.
  • CSP Inc. remains optimistic about continued growth in fiscal 2026 driven by its strategic focus on expanding the service segment.
Full recap
Q3 2025 Aug 14, 2025

CSPi reported robust fiscal Q3 results with an 18% year-over-year revenue growth, driven primarily by strong performance in its Technology Solutions segment and momentum in the AZT PROTECT cybersecurity offering.

Key takeaways
  • Revenue for Q3 reached $15.4 million, marking an 18% increase vs. both last year and the prior quarter.
  • The Technology Solutions segment continues to excel with significant traction in the cloud services market, particularly in niche sectors like container shipping.
  • The AZT PROTECT cybersecurity solution is gaining momentum in the operational technology sector, evidenced by new customer deployments in multiple industries.
  • Partnerships with prominent Rockwell Automation resellers are expected to accelerate sales and expand deal pipelines, particularly in the U.S. industrial market.
  • The company anticipates continued top and bottom-line growth for the full fiscal year based on current momentum and customer expansions.
Full recap