Flux Power Achieves First Profitable Quarter Amid Ongoing Challenges

Flux Power (FLUX) reported Q2 2026 earnings, with net income of $600,000, or $0.03 per share, marking its first profitable quarter. Revenue increased sequentially to $14.1 million, while gross margin rose to 34.7%. Operating expenses decreased by 31% sequentially, driven by cost reductions and a reversal of accrued employee bonus awards. The company's largest customer initiated a capital freeze, expected to impact revenue in Q3 and potentially in 2026.