Filing Flows › Blue Bird (BLBD) › Q2 FY26
Blue Bird (BLBD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
Blue Bird (BLBD) reported revenue of $353M for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and +6% from the quarter before. Operating margin was 11.1%, net earnings $29.3M (8.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +6% | -2% |
| Gross profit | $70.6M | -0.8% | -0.3% |
| Operating profit | $39.1M | +4% | +16% |
| Net earnings | $29.3M | -5% | +12% |
| Operating cash flow | $47.8M | +31% | +72% |
| Free cash flow | $39.9M | — | +113% |
What changed
Revenue was $352.6M in Q2 FY26, down 2% year over year and up 6% from the previous quarter. Diesel buses was the largest line at 47% of revenue. Alternative fuel buses lost $49.6M year over year (down 25%), 798% of the total change.
Gross margin was 20.0%, up 0.3 points from Q2 FY25. Operating profit was $39.1M, a 11.1% margin (up 1.7 points year over year). Operating expenses fell 15% while revenue fell 2%. Net earnings were $29.3M, up 12% year over year. The effective tax rate was 23.7%.
Operating cash flow was $47.8M (up 72% year over year), 163% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $12.7M. After cash paid for fixed assets ($7.9M), free cash flow as the company reports it was $39.9M.
Questions
What was Blue Bird's revenue in the second quarter fiscal 2026?
Blue Bird (BLBD) reported revenue of $353M for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and +6% from the quarter before.
Was Blue Bird profitable in the second quarter fiscal 2026?
Operating profit was $39.1M (11.1% of revenue) and net earnings $29.3M.
Source: Blue Bird 10-Q on SEC EDGAR.