EnerSys Q2 profit beat estimates driven by its cost reduction initiatives

Reuters11-06
EnerSys <a href="https://laohu8.com/S/QTWO">Q2</a> profit beat estimates driven by its cost reduction initiatives

Overview

  • EnerSys Q2 fiscal 2026 net sales up 8%, beating analyst expectations

  • Adjusted EPS for Q2 fiscal 2026 beats consensus, rising 21%

  • EnerSys returned $78 mln to shareholders in Q2 via buybacks and dividends

Outlook

  • EnerSys expects Q3 net sales between $920 mln and $960 mln

  • Company forecasts Q3 adjusted diluted EPS of $2.71 to $2.81

  • EnerSys projects FY 2026 capital expenditures of ~$80 mln

Result Drivers

  • INCREASED DEMAND - Net sales rose 8% due to improved demand across most end markets

  • STRATEGIC FRAMEWORK - EnerGize framework is driving R&D and CapEx investments and resource reallocation

  • COST REDUCTION - Company expects increasing benefits from cost reduction initiatives

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$951.30 mln

$890.30 mln (4 Analysts)

Q2 Adjusted EPS

Beat

$2.56

$2.35 (4 Analysts)

Q2 EPS

$1.80

Q2 Net Income

$68.40 mln

Q2 Operating Earnings

$92 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy"

  • Wall Street's median 12-month price target for EnerSys is $120.00, about 2.6% below its November 4 closing price of $123.11

Press Release: ID:nBw6KKS9Ra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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