Filing Flows › Capri Holdings (CPRI) › Q2 FY26
Capri Holdings (CPRI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 4, 2025
Capri Holdings (CPRI) reported revenue of $856M for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +7% from the quarter before. Operating margin was -1.4%, net loss $28.0M (3.3% of revenue).
Capri Holdings, Q2 FY26: revenue $856M (-2% year over year), operating margin -1.4%, net loss $28.0M, operating cash flow −$52.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $856M | +7% | -3% |
| Operating profit | −$12.0M | -175% | — |
| Net earnings | −$28.0M | -153% | — |
| Operating cash flow | −$52.0M | — | — |
What changed
Revenue was $856.0M in Q2 FY26, down 3% year over year and up 7% from the previous quarter. Michael Kors was the largest line at 85% of revenue. Michael Kors lost $13.0M year over year (down 2%), 59% of the total change.
Gross margin was 61.0%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $12.0M, an operating margin of -1.4%. Operating expenses fell 3% while revenue fell 3%. The quarter ended with a net loss of $28.0M, after a profit of $53.0M the previous quarter. Non-operating items added $20.0M, 250% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$52.0M. Non-cash charges added back $30.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $61.0M. Capital expenditures of $13.0M exceeded it, leaving free cash flow of −$65.0M.
Questions
What was Capri Holdings' revenue in the second quarter fiscal 2026?
Capri Holdings (CPRI) reported revenue of $856M for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +7% from the quarter before.
Was Capri Holdings profitable in the second quarter fiscal 2026?
Operating loss was $12.0M (-1.4% of revenue) and net loss $28.0M.
Source: Capri Holdings 10-Q on SEC EDGAR.