This Research Note examines the fiscal 2026 results for Acuity Intelligent Spaces, the smart building division of Acuity Inc., for the year ending August 31, 2026. Acuity Intelligent Spaces (AIS) grew sales 44.8% and operating profit 145% in fiscal 2026, but most of that jump reflects a full year of QSC. On a like-for-like basis, fourth-quarter sales rose 16.6%. We highlight comments made by Chairman and CEO Neil Ashe on the investor call on October 1, 2026. We then assess the division’s strategy on common data architecture, mergers and acquisitions (M&A), and artificial intelligence (AI), drawing on our report The Competitive Landscape for AI in Commercial Buildings 2026. This note updates our coverage of Acuity from November 2025. Acuity Intelligent Spaces Financial Results AIS generated net sales of $1.1 billion for the full year of fiscal 2026, an increase of $342.3 million, or 44.8%, compared to the prior year. AIS operating profit was $186.5 million […]