Filing Flows › Blue Bird (BLBD) › Q1 FY26
Blue Bird (BLBD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Blue Bird (BLBD) reported revenue of $333M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -19% from the quarter before. Operating margin was 11.3%, net earnings $30.8M (9.2% of revenue).
Blue Bird, Q1 FY26: revenue $333M (+6% year over year), operating margin 11.3%, net earnings $30.8M, operating cash flow $36.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | -19% | +6% |
| Gross profit | $71.2M | -18% | +18% |
| Operating profit | $37.7M | -25% | +14% |
| Net earnings | $30.8M | -16% | +7% |
| Operating cash flow | $36.6M | -44% | +39% |
| Free cash flow | $31.1M | — | +43% |
What changed
Revenue was $333.1M in Q1 FY26, up 6% year over year and down 19% from the previous quarter. Alternative fuel buses was the largest line at 45% of revenue. Diesel buses added $20.5M year over year (up 16%), 107% of the total change. Other declined 22%.
Gross margin was 21.4%, up 2.2 points from a year earlier. Operating profit was $37.7M, a 11.3% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 11% margin then. Operating expenses grew 23% against revenue growth of 6%. Net earnings were $30.8M, up 7% year over year. The effective tax rate was 22.9%.
Operating cash flow was $36.6M (up 39% year over year), 119% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $2.4M of share-based compensation. After cash paid for fixed assets ($5.5M), free cash flow as the company reports it was $31.1M.
Questions
What was Blue Bird's revenue in the first quarter fiscal 2026?
Blue Bird (BLBD) reported revenue of $333M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -19% from the quarter before.
Was Blue Bird profitable in the first quarter fiscal 2026?
Operating profit was $37.7M (11.3% of revenue) and net earnings $30.8M.
Source: Blue Bird 10-Q on SEC EDGAR.