revenue $935.6M, net income $116.5M. EnerSys Q1 FY27: operating income +75.1% on tariff refunds, 45X credits; gigafactory scaled back

Filed August 12, 2026 · Period ending July 5, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Operating income rose 75% YoY to $151.4M as gross margin expanded 510bp to 33.5%, driven by $30.9M in IEEPA tariff refunds, 45X production tax credits, and favorable price/mix.

  MD&A: Operating Income & Gross Margin verify on EDGAR →
• high

  South Carolina lithium gigafactory scope revised: initial capacity now ~1 GWh (down from prior scale), DOE grant cut to $150M from $199M, total cost $650M with construction start pushed to H1 FY28.

  MD&A: Lithium Facility Scope Revision verify on EDGAR →
• high

  Segment realignment from four to three: Energy Systems → Network & Infrastructure Solutions; Motive Power → Industrial Mobility Solutions; Specialty → Precision Power Solutions; New Ventures eliminated.

  Notes: Segment Realignment verify on EDGAR →