Analyst Consensus ?
ConsensusHold33 ratings
Bullish1442.4%
Neutral1854.6%
Bearish13.0%
Acuity Brands, Inc. · AYI · FY2026 Q4 · Calendar Q4 2026
Acuity’s Intelligent Spaces growth offsets a tougher FY2027 margin setup
Acuity’s Intelligent Spaces growth, product expansion and share-gain opportunity support the operating case, while expected memory-cost pressure on AIS margins and subdued lighting demand temper the FY2027 outlook. The evidence points to a growth-versus-margin execution test, not an uncomplicated demand story.
Reported Before market openNYSEIndustrials
$10.10B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.77
Consensus $5.57
EPS surprise
+3.6%
Reported versus consensus
Reported revenue
$1.24B
Consensus $1.24B
Revenue surprise
+0.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.4%
Event window
SPY move
+0.2%
Same window
Abnormal move
-3.6%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+9.4%
Up to 20 sessions
AYISPY benchmark
Ask FN2 about AYI FY2026 Q4
Transcript, numbers and history already loaded
Why did AYI fall 3.4% after beating EPS estimates in FY2026 Q4?What changed in AYI's guidance and outlook in FY2026 Q4?Give me the bull and bear case for AYI after FY2026 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter’s emphasis on AIS growth and a firming lighting backdrop, management now describes AIS as roughly one-quarter of the business and expects memory costs to weigh on its FY2027 gross margin. FY2027 sales and adjusted EPS guidance was provided, and the QSC acquisition debt has been fully repaid.
Guidance delta
Management outlined FY2027 net sales of $4.7–$4.9 billion and adjusted EPS of $20.50–$22. The outlook includes an expected memory-cost headwind to AIS gross margin; management expects pricing and productivity actions to help offset it.
Key takeaways
- AIS delivered strong sales growth and margin expansion, and management said it represents roughly 25% of the business.
- ABL sales were flat, with management citing ongoing margin improvement and product launches.
- Management expects memory costs to reduce AIS gross margin in FY2027, with pricing and productivity as offsets.
- Cash generation supported a dividend increase, share repurchases and repayment of QSC-related debt.
Management priorities
- Expand AIS through organic product growth, data-center and corporate-account opportunities, and targeted acquisitions.
- Continue product launches and investment in AI-enabled, cloud-based and agentic tools.
- Use pricing and productivity improvements to mitigate memory-cost and other inflationary pressures.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$337.44Current
$193Low
$362.9Average
$465High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 20, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Oct 8, 2026 |
| Baird | Neutral | Neutral | Maintain | Oct 2, 2026 |
| William Blair | Market Perform | Outperform | Downgrade | Sep 28, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jun 26, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Mar 3, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 2, 2025 |
| Cowen & Co. | Outperform | Outperform | Maintain | Oct 5, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 1, 2022 |
| UBS | Neutral | Neutral | Maintain | Jan 4, 2022 |
| Roth Capital | Neutral | Sell | Upgrade | Apr 5, 2021 |
| JMP Securities | Market Perform | Market Outperform | Downgrade | Jun 9, 2020 |
| Seaport Global | Neutral | Buy | Downgrade | Jan 11, 2018 |
| Williams Capital | Hold | Buy | Downgrade | Jan 10, 2018 |
| KeyBanc | Equal Weight | Sector Weight | Maintain | Oct 13, 2017 |
| Wolfe Research | Outperform | Outperform | Maintain | Jul 11, 2017 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 10, 2017 |
| Guggenheim | Neutral | Neutral | Maintain | Apr 11, 2017 |
| CLSA | Outperform | Buy | Maintain | Apr 7, 2016 |
| Canaccord Genuity | Buy | Buy | Maintain | Nov 30, 2015 |
| Cleveland Research | Neutral | Neutral | Maintain | Sep 10, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jun 30, 2015 |
| Stifel | Buy | Buy | Maintain | Jun 30, 2015 |
| BB&T Capital | Buy | Hold | Upgrade | Jul 7, 2014 |
| Sidoti & Co. | Buy | Neutral | Upgrade | Apr 7, 2014 |
| DA Davidson | Neutral | Neutral | Maintain | Jan 9, 2014 |
| Sterne Agee | Neutral | Underperform | Upgrade | Oct 4, 2013 |
| Northland Securities | Market Perform | Outperform | Downgrade | Oct 1, 2013 |
| Northland Capital Markets | Market Perform | Outperform | Downgrade | Oct 1, 2013 |
| PiperJaffray | Neutral | Neutral | Maintain | Apr 4, 2013 |
| Piper Sandler | Neutral | Neutral | Maintain | Apr 4, 2013 |
| Jefferies | Hold | Hold | Maintain | Apr 2, 2013 |
| Wedbush | Underperform | Underperform | Maintain | Oct 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $337.44. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Brandon Knutson | $380 | $305.69 | +12.6% | Oct 20, 2026 |
| Oppenheimer | Christopher Glynn | $415 | $300.42 | +23.0% | Oct 8, 2026 |
| Robert W. Baird | Timothy Wojs | $348 | $299.28 | +3.1% | Oct 2, 2026 |
| Oppenheimer | Analyst unavailable | $465 | $362.48 | +37.8% | Jun 26, 2026 |
| Robert W. Baird | Timothy Wojs | $390 | $359.39 | +15.6% | Jun 26, 2026 |
| Goldman Sachs | Analyst unavailable | $358 | $359.39 | +6.1% | Jun 26, 2026 |
| Morgan Stanley | Christopher Snyder | $410 | $319.14 | +21.5% | Jan 12, 2026 |
| Robert W. Baird | Timothy Wojs | $375 | $319.47 | +11.1% | Jan 9, 2026 |
| Morgan Stanley | Christopher Snyder | $425 | $363 | +25.9% | Oct 2, 2025 |
| Wells Fargo | Joseph O'Dea | $405 | $363 | +20.0% | Oct 2, 2025 |
| Robert W. Baird | Analyst unavailable | $360 | $334.23 | +6.7% | Sep 25, 2025 |
| Wells Fargo | Joseph O'Dea | $380 | $333.28 | +12.6% | Sep 2, 2025 |
| Robert W. Baird | Timothy Wojs | $315 | $277.43 | -6.7% | Jun 18, 2025 |
| Morgan Stanley | Christopher Snyder | $335 | $233.58 | -0.7% | Apr 4, 2025 |
| Robert W. Baird | Timothy Wojs | $295 | $233.58 | -12.6% | Apr 4, 2025 |
| Wells Fargo | Joseph O'Dea | $275 | $233.58 | -18.5% | Apr 4, 2025 |
| Wells Fargo | Joseph O'Dea | $290 | $264.64 | -14.1% | Mar 28, 2025 |
| Oppenheimer | Christopher Glynn | $380 | $303.87 | +12.6% | Jan 9, 2025 |
| Wells Fargo | Joseph O'Dea | $336 | $303.87 | -0.4% | Jan 9, 2025 |
| Wells Fargo | Joseph O'Dea | $320 | $303.87 | -5.2% | Jan 7, 2025 |
| Wells Fargo | Joseph O'Dea | $305 | $299.35 | -9.6% | Oct 2, 2024 |
| Oppenheimer | Christopher Glynn | $370 | $299.35 | +9.6% | Oct 1, 2024 |
| Wells Fargo | Joseph O'Dea | $289 | $271.7 | -14.4% | Sep 24, 2024 |
| Wells Fargo | Joseph O'Dea | $260 | $242.51 | -22.9% | Jun 28, 2024 |
| Robert W. Baird | Timothy Wojs | $280 | $249.98 | -17.0% | Jun 18, 2024 |
| Wells Fargo | Joseph O\'Dea | $295 | $264.69 | -12.6% | Apr 4, 2024 |
| Oppenheimer | Christopher Glynn | $315 | $264.69 | -6.7% | Apr 4, 2024 |
| Robert W. Baird | Timothy Wojs | $286 | $266.21 | -15.2% | Mar 26, 2024 |
| Robert W. Baird | Timothy Wojs | $170 | $167.38 | -49.6% | Oct 4, 2023 |
| Oppenheimer | Christopher Glynn | $210 | $159.02 | -37.8% | Apr 11, 2023 |
| Wells Fargo | Analyst unavailable | $193 | $168.47 | -42.8% | Jan 5, 2023 |
Track every rating change on AYI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAcuity Brands, Inc. operates as a global provider of advanced lighting and building management solutions, serving markets both within North America and internationally. The company's operations are divided into two principal segments: Acuity Brands Lighting and Lighting Controls (ABL), and the Intelligent Spaces Group (ISG). The ABL division offers a comprehensive portfolio of commercial, architectural, and specialized lighting products, alongside control systems and related components, designed for a variety of indoor and outdoor applications.…
Industrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| EMR Emerson Electric Co. | FY2026 Q4 · Calendar Q4 2026 | — | +2.4% | Emerson’s FY2026 close: order growth supports a steady FY2027 outlook |
| GWW W.W. Grainger, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +6.5% | Grainger raises FY2026 outlook again on broad Q3 growth |
| LTM LATAM Airlines Group S.A. | FY2026 Q3 · Calendar Q4 2026 | +25.2% | +9.5% | LATAM Q3 revenue grew as management held full-year guidance amid fuel costs |
| SWK Stanley Black & Decker, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +17.2% | Brand-led growth and raised guidance face cost and execution risks |
Latest beats and misses
Who reports nextBeat on EPS
- UNMAFY2026 Q3 · November 3, 2026+1.9% EPS+0.5% move
- UNMFY2026 Q3 · November 3, 2026+1.9% EPS-17.8% move
- IFFFY2026 Q3 · November 3, 2026+2.1% EPS-4.9% move
- JKHYFY2027 Q1 · November 3, 2026+10.1% EPS+10.8% move
- HL-PBFY2026 Q3 · November 3, 2026+54.0% EPS— move
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% move
Missed on EPS
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
Get the AYI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-01T17:06:34.461704+00:00
- FN2 earnings calendar · 2026-11-05T01:23:14.052435+00:00
- Polygon adjusted daily market bars · 2026-11-05T02:40:45.242821+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T02:40:45.239793+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-05. For educational purposes only; not investment advice.