Filing Flows › CHS (CHSCP) › Q2 FY26
CHS (CHSCP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 8, 2026
CHS (CHSCP) reported revenue of $8.4B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and -6% from the quarter before. Operating margin was -2.9%, net loss $147M (1.8% of revenue).
CHS, Q2 FY26: revenue $8.4B (+7% year over year), operating margin -2.9%, net loss $147M, operating cash flow −$569M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4B | -6% | +7% |
| Operating profit | −$242M | -299% | — |
| Net earnings | −$147M | -157% | — |
| Operating cash flow | −$569M | — | — |
What changed
Revenue was $8.4B in Q2 FY26, up 7% year over year and down 6% from the previous quarter. Grains was the largest line at 62% of revenue. Energy added $0.28B year over year (up 15%), 50% of the total change. Corporate and Services declined 12%.
Gross margin was 0.3%, down 0.7 points from Q2 FY25. Operating costs exceeded revenue by $0.24B, an operating margin of -2.9%. Operating expenses grew 8% against revenue growth of 7%. The quarter ended with a net loss of $0.15B, after a profit of $0.26B the previous quarter. Non-operating items added $0.08B, -47% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.57B. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items used $0.59B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.67B.
Questions
What was CHS' revenue in the second quarter fiscal 2026?
CHS (CHSCP) reported revenue of $8.4B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and -6% from the quarter before.
Was CHS profitable in the second quarter fiscal 2026?
Operating loss was $242M (-2.9% of revenue) and net loss $147M.
Source: CHS 10-Q on SEC EDGAR.