Filing Flows › Applied Industrial Technologies (AIT) › Q1 FY26
Applied Industrial Technologies (AIT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 28, 2025
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -2% from the quarter before. Operating margin was 10.8%, net earnings $101M (8.4% of revenue).
Applied Industrial Technologies, Q1 FY26: revenue $1.2B (+9% year over year), operating margin 10.8%, net earnings $101M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -2% | +9% |
| Gross profit | $361M | -4% | +11% |
| Operating profit | $129M | -4% | +14% |
| Net earnings | $101M | -7% | +9% |
| Operating cash flow | $119M | -19% | -7% |
| Free cash flow | $112M | — | -8% |
What changed
Revenue was $1.2B in Q1 FY26, up 9% year over year and down 2% from the previous quarter. Service Center was the largest line at 65% of revenue. Engineered Solutions added $0.07B year over year (up 19%), 67% of the total change.
Gross margin was 30.1%, up 0.5 points from a year earlier. Operating profit was $0.13B, a 10.8% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 10% margin then. Operating expenses grew 10% against revenue growth of 9%. Net earnings were $0.10B, up 9% year over year. The effective tax rate was 21.6%.
Operating cash flow was $0.12B (down 7% year over year), 118% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.11B.
Questions
What was Applied Industrial Technologies' revenue in the first quarter fiscal 2026?
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -2% from the quarter before.
Was Applied Industrial Technologies profitable in the first quarter fiscal 2026?
Operating profit was $129M (10.8% of revenue) and net earnings $101M.