PSIX reported Q2 revenue of $152.5M (est. $134M), adjusted EPS of $0.78 (est. $0.32), and net income of $16.9M (est. $7.2M). All three beat consensus but fell sharply year-over-year: revenue -21%, EPS -65%, net income -67%. Gross margin fell 110 bps to 27.1%. Second-half 2026 sales are expected to exceed first-half 2026 and be approximately in line with second-half 2025. Debt reduced $30.8M; operating cash flow $56.6M.
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