Filing Flows › Applied Industrial Technologies (AIT) › Q2 FY26
Applied Industrial Technologies (AIT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 27, 2026
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -3% from the quarter before. Operating margin was 10.6%, net earnings $95.3M (8.2% of revenue).
Applied Industrial Technologies, Q2 FY26: revenue $1.2B (+8% year over year), operating margin 10.6%, net earnings $95.3M, operating cash flow $99.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -3% | +8% |
| Gross profit | $353M | -2% | +8% |
| Operating profit | $123M | -5% | +2% |
| Net earnings | $95.3M | -5% | +2% |
| Operating cash flow | $99.7M | -16% | +5% |
| Free cash flow | $93.4M | — | +4% |
What changed
Revenue was $1.2B in Q2 FY26, up 8% year over year and down 3% from the previous quarter. Service Center was the largest line at 64% of revenue. Engineered Solutions added $0.07B year over year (up 19%), 74% of the total change.
Gross margin was 30.4%, down 0.2 points from a year earlier. Operating profit was $0.12B, a 10.6% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 11% margin then. Operating expenses grew 11% against revenue growth of 8%. Net earnings were $0.10B, up 2% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.10B (up 5% year over year), 105% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items used $0.01B. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.09B.
Questions
What was Applied Industrial Technologies' revenue in the second quarter fiscal 2026?
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -3% from the quarter before.
Was Applied Industrial Technologies profitable in the second quarter fiscal 2026?
Operating profit was $123M (10.6% of revenue) and net earnings $95.3M.