EnerSys Posts $2.42 Diluted EPS for Q2 Fiscal 2027 as Defense Sales Offset Material Handling Weakness

EnerSys reported diluted EPS of $2.42 for its second quarter of fiscal 2027, up 34% from $1.80 a year earlier, on net sales of $949.9 million. The company announced the results on November 11, 2026, according to Business Wire.

EnerSys Q2 Results and Segment Growth

EnerSys is a Reading, Pennsylvania-based manufacturer of batteries, chargers and integrated power systems for industrial, data center, defense, telecom and logistics customers, with fiscal 2026 revenue of $3.75 billion, according to akta.pro company records.

Net sales of $949.9 million were down 0.1% from $951.3 million a year earlier and below the company's guidance range of $955 million to $995 million, which EnerSys attributed to foreign currency translation. Gross margin was 29.9%, up 80 basis points, and adjusted diluted EPS was $3.22, up 22%.

"Precision Power Solutions delivered more than 20% year-over-year sales growth, supported by strong demand for soldier power and munitions, while Network and Infrastructure Solutions delivered 3% growth against an unusually high second quarter prior year comparison, driven by double-digit growth in data centers," said Shawn O'Connell, President and Chief Executive Officer of EnerSys.

EnerSys returned $140.3 million to shareholders in the quarter through $130.0 million in share repurchases and $10.3 million in dividends. Operating cash flow was $142.8 million, down from $218.0 million a year earlier, which the company said reflected a U.S. federal tax refund received in the prior-year quarter.

EnerSys Ultralife Deal and Defense Platform

On October 27, 2026, EnerSys announced a proposed acquisition of Ultralife to expand its battery technologies and accelerate growth in the defense market. O'Connell said the definitive agreement "directly advances our strategy to build a broader, more differentiated defense power platform."

The transaction remains subject to customary closing conditions, including required regulatory approvals, and EnerSys said the two companies will operate separately until it closes. EnerSys expects the deal to close in the fourth quarter of fiscal 2027, and its outlook does not reflect any impact from the acquisition.

EnerSys Guidance and Dividend Dates

For the third quarter of fiscal 2027, EnerSys expects net sales of $935 million to $975 million and adjusted diluted EPS of $3.05 to $3.15. The company expects capital expenditures of about $70 million for the full fiscal year.

EnerSys's board approved a quarterly cash dividend of $0.2875 per share, payable on December 31, 2026, to holders of record as of December 18, 2026. The company will host a conference call on its second quarter results at 9:00 AM ET on November 12, 2026.