Financial Performance - AstroNova achieved a 14.4% revenue increase in Q1 FY2026, driven by double-digit growth in both segments[10] - Product Identification revenue grew by 13.8% year-over-year to $26.3 million[22] - Aerospace revenue increased by 16.8% year-over-year to $11.4 million[23] - Adjusted EBITDA margin increased to 8.3% in Q1 FY26[45] - The company reaffirms FY2026 revenue guidance to range from $160 million to $165 million, with an adjusted EBITDA margin expected to expand to 8.5% to 9.5%[15, 55] Strategic Initiatives and Cost Reduction - AstroNova is implementing cost reduction actions, with $1.9 million of annualized savings achieved in Q1 FY26 and a total of $3 million expected in the first half of FY2026[15] - The company reduced headcount by 10% and simplified the leadership structure[7] - Three Product ID products were launched, with six more in development[12] Orders and Backlog - Aerospace orders increased from $25.5 million in Q1 FY25 to $31.6 million in Q1 FY26[18] - Product Identification backlog increased from $33.1 million in Q1 FY25 to $34.9 million in Q1 FY26[18] Aerospace Sector - 42% of total unit shipments in Aerospace constituted ToughWriter shipments, with a target of over 80% by year-end[28] - The company renewed a $10 million multi-year Aerospace defense contract[13]