Filing Flows › Mission Produce (AVO) › Q2 FY26
Mission Produce (AVO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 8, 2026
Mission Produce (AVO) reported revenue of $291M for the second quarter fiscal 2026 (Q2 FY26), -24% from a year earlier and +4% from the quarter before. Operating margin was -2.4%, net loss $7.4M (2.5% of revenue).
Mission Produce, Q2 FY26: revenue $291M (-24% year over year), operating margin -2.4%, net loss $7.4M, operating cash flow −$18.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | +4% | -24% |
| Operating profit | −$7.0M | -380% | -201% |
| Net earnings | −$7.4M | — | -339% |
| Operating cash flow | −$18.0M | — | — |
What changed
Revenue was $290.9M in Q2 FY26, down 24% year over year and up 4% from the previous quarter. Avocado was the largest line at 85% of revenue. Avocado lost $85.9M year over year (down 26%), 96% of the total change.
Gross margin was 7.0%, down 0.4 points from Q2 FY25. Operating costs exceeded revenue by $7.0M, an operating margin of -2.4%. Operating expenses grew 28% against a revenue fall of 24%. The fastest-growing cost line was Other operating costs (+6300%). The quarter ended with a net loss of $7.4M, wider than the previous quarter's $100K loss.
Operating cash flow was −$18.0M. Non-cash charges added back $6.7M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $18.7M. Capital expenditures of $11.0M exceeded it, leaving free cash flow of −$29.0M.
Questions
What was Mission Produce's revenue in the second quarter fiscal 2026?
Mission Produce (AVO) reported revenue of $291M for the second quarter fiscal 2026 (Q2 FY26), -24% from a year earlier and +4% from the quarter before.
Was Mission Produce profitable in the second quarter fiscal 2026?
Operating loss was $7.0M (-2.4% of revenue) and net loss $7.4M.
Source: Mission Produce 10-Q on SEC EDGAR.