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Brady (BRC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 19, 2026
Brady (BRC) reported revenue of $384M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -5% from the quarter before. Operating margin was 16.2%, net earnings $48.1M (12.5% of revenue).
Brady, Q2 FY26: revenue $384M (+8% year over year), operating margin 16.2%, net earnings $48.1M, operating cash flow $53.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $384M | -5% | +8% |
| Gross profit | $194M | -7% | +11% |
| Operating profit | $62.2M | -9% | +21% |
| Net earnings | $48.1M | -11% | +19% |
| Operating cash flow | $53.3M | +60% | +35% |
| Free cash flow | $42.3M | +89% | +30% |
What changed
Revenue was $384.1M in Q2 FY26, up 8% year over year and down 5% from the previous quarter. Americas & Asia was the largest line at 65% of revenue. Americas & Asia added $17.8M year over year (up 8%), 65% of the total change.
Gross margin was 50.6%, up 1.3 points from Q2 FY25. Operating profit was $62.2M, a 16.2% margin (up 1.8 points year over year). Of the extra revenue versus Q2 FY25, 40% reached operating profit, above the 14% margin then. Operating expenses grew 6% against revenue growth of 8%. The fastest-growing cost line was Research & development (+30%). Net earnings were $48.1M, up 19% year over year. The effective tax rate was 22.5%.
Operating cash flow was $53.3M (up 35% year over year), 111% of net earnings. Non-cash charges added back $11.2M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $8.4M. Capital expenditures of $11.0M left free cash flow of $42.3M.
Questions
What was Brady's revenue in the second quarter fiscal 2026?
Brady (BRC) reported revenue of $384M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -5% from the quarter before.
Was Brady profitable in the second quarter fiscal 2026?
Operating profit was $62.2M (16.2% of revenue) and net earnings $48.1M.
Source: Brady 10-Q on SEC EDGAR.