Innovative Solutions & Support Q3 sales rise 10.7%, net income up to $4.5 million
Innovative Solutions & Support reported fiscal third-quarter 2026 results for the period ended June 30, 2026. Net sales rose 10.7% to $26.7 million, and net income rose to $4.5 million, or $0.25 per diluted share, from $2.4 million, or $0.14, a year earlier. The company also reported that it completed its acquisition of Aydin Displays in July 2026 and expects to finish fiscal 2026 on a positive note.
Key points
- Net sales were $26.7 million, up 10.7% from $24.1 million in the prior-year quarter.
- Gross margin was 51.7%, up from 35.6%, and net income was $4.5 million, or $0.25 per diluted share, versus $0.14 a year earlier.
- Adjusted EBITDA was $7.7 million, up from $4.4 million, and total backlog was $82.9 million as of June 30, 2026.
- Net debt was $43.8 million, a net debt to trailing twelve-month Adjusted EBITDA ratio of 1.4x; the company completed the Aydin Displays acquisition in July 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
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