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Agilysys (AGYS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 27, 2025
Agilysys (AGYS) reported revenue of $79.3M for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +3% from the quarter before. Operating margin was 17.8%, net earnings $11.7M (14.8% of revenue).
Agilysys, Q2 FY26: revenue $79.3M (+16% year over year), operating margin 17.8%, net earnings $11.7M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.3M | +3% | +16% |
| Gross profit | $49.0M | +4% | +13% |
| Operating profit | $14.1M | +213% | +243% |
| Net earnings | $11.7M | +139% | +759% |
| Operating cash flow | $15.2M | — | +131% |
| Free cash flow | $15.0M | — | +153% |
What changed
Revenue was $79.3M in Q2 FY26, up 16% year over year and up 3% from the previous quarter. Support Maintenance Subscription Services and Professional Services was the largest line at 87% of revenue. Support Maintenance Subscription Services and Professional Services added $11.4M year over year (up 20%), 103% of the total change. Product declined 4%.
Gross margin was 61.7%, down 1.5 points from a year earlier. Operating profit was $14.1M, a 17.8% margin (up 11.8 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 6% margin then. Operating expenses fell 11% while revenue rose 16%. Net earnings were $11.7M, up 759% year over year. The effective tax rate was 25.5%.
Operating cash flow was $15.2M (up 131% year over year), 130% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $3.9M. After capital expenditures ($217K), free cash flow as the company reports it was $15.0M.
Questions
What was Agilysys' revenue in the second quarter fiscal 2026?
Agilysys (AGYS) reported revenue of $79.3M for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +3% from the quarter before.
Was Agilysys profitable in the second quarter fiscal 2026?
Operating profit was $14.1M (17.8% of revenue) and net earnings $11.7M.
Source: Agilysys 10-Q on SEC EDGAR.