Filing Flows › Cavco Industries (CVCO) › Q2 FY27
Cavco Industries (CVCO) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 30, 2026
Cavco Industries (CVCO) reported revenue of $656M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +8% from the quarter before. Operating margin was 10.6%, net earnings $55.4M (8.4% of revenue).
Cavco Industries, Q2 FY27: revenue $656M (+18% year over year), operating margin 10.6%, net earnings $55.4M, operating cash flow $96.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $656M | +8% | +18% |
| Gross profit | $148M | +10% | +10% |
| Operating profit | $69.9M | +33% | +12% |
| Net earnings | $55.4M | +31% | +6% |
| Operating cash flow | $96.4M | +29% | +23% |
| Free cash flow | $66.7M | +36% | -3% |
What changed
Revenue was $656.4M in Q2 FY27, up 18% year over year and up 8% from the previous quarter. Factory-built housing was the largest line at 97% of revenue. Factory-built housing added $98.6M year over year (up 18%), 99% of the total change.
Gross margin was 22.5%, down 1.7 points from Q2 FY26. Operating profit was $69.9M, a 10.6% margin (down 0.5 points year over year). Of the extra revenue versus Q2 FY26, 8% reached operating profit, below the 11% margin then. Operating expenses grew 8% against revenue growth of 18%. Net earnings were $55.4M, up 6% year over year. The effective tax rate was 24.4%.
Operating cash flow was $96.4M (up 23% year over year), 174% of net earnings. Non-cash charges added back $6.9M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $31.0M. Capital expenditures of $29.7M left free cash flow of $66.7M.
Questions
What was Cavco Industries' revenue in the second quarter fiscal 2027?
Cavco Industries (CVCO) reported revenue of $656M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +8% from the quarter before.
Was Cavco Industries profitable in the second quarter fiscal 2027?
Operating profit was $69.9M (10.6% of revenue) and net earnings $55.4M.
Source: Cavco Industries 10-Q on SEC EDGAR.