Filing Flows › Blue Bird (BLBD) › Q2 FY26 › vs Q1 FY26
Blue Bird (BLBD) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Blue Bird's revenue rose $19.6M (+6%) from $333M in Q1 FY26 to $353M in Q2 FY26. The biggest changes: Diesel buses +$20.4M (+14%); Parts +$2.1M (+8%); Alternative fuel buses −$1.5M (-1%). Gross margin 20.0% against 21.4% (-1.4 pts).
Blue Bird, Q2 FY26: revenue $353M (-2% year over year), operating margin 11.1%, net earnings $29.3M, operating cash flow $47.8M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 20.0% | 21.4% | -1.4 pts |
| Operating margin | 11.1% | 11.3% | -0.2 pts |
| Net margin | 8.3% | 9.2% | -0.9 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Diesel buses | $165M | $145M | $20.4M | +14% |
| Alternative fuel buses | $150M | $151M | −$1.5M | -1% |
| Parts | $26.8M | $24.8M | $2.1M | +8% |
| Other | $10.8M | $12.1M | −$1.3M | -11% |
| Revenue | $353M | $333M | $19.6M | +6% |
| Gross profit | $70.6M | $71.2M | −$582K | -0.8% |
| Cost of revenue | $282M | $262M | $20.1M | +8% |
| Operating profit | $39.1M | $37.7M | $1.4M | +4% |
| Operating expenses | $31.5M | $33.6M | −$2.0M | -6% |
| Pre-tax earnings | $38.4M | $39.9M | −$1.5M | -4% |
| Net earnings | $29.3M | $30.8M | −$1.5M | -5% |
| Income tax | $9.1M | $9.1M | −$17K | -0.2% |
| Depreciation & amortization | $4.1M | $4.0M | $89K | +2% |
| Share-based compensation | $1.7M | $2.4M | −$685K | -29% |
| Working capital & other | $12.7M | −$511K | $13.2M | — |
| Operating cash flow | $47.8M | $36.6M | $11.2M | +31% |
Questions
How much did Blue Bird's revenue grow quarter over quarter in Q2 FY26?
Blue Bird's revenue rose $19.6M (+6%) from $333M in Q1 FY26 to $353M in Q2 FY26.
What drove Blue Bird's revenue change in Q2 FY26?
Diesel buses +$20.4M (+14%); Parts +$2.1M (+8%); Alternative fuel buses −$1.5M (-1%).