Filing Flows › EnerSys (ENS) › Q2 FY26
EnerSys (ENS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 5, 2025
EnerSys (ENS) reported revenue of $951M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +7% from the quarter before. Operating margin was 9.7%, net earnings $68.4M (7.2% of revenue).
EnerSys, Q2 FY26: revenue $951M (+8% year over year), operating margin 9.7%, net earnings $68.4M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $951M | +7% | +8% |
| Gross profit | $277M | +9% | +10% |
| Operating profit | $92.0M | +6% | -7% |
| Net earnings | $68.4M | +19% | -17% |
| Operating cash flow | $218M | 225× | +548% |
| Free cash flow | $197M | — | 61× |
What changed
Revenue was $951.3M in Q2 FY26, up 8% year over year and up 7% from the previous quarter. Product was the largest line at 91% of revenue. Product added $71.2M year over year (up 9%), 105% of the total change. Service declined 4%.
Gross margin was 29.1%, up 0.6 points from a year earlier. Operating profit was $92.0M, a 9.7% margin (down 1.6 points year over year). Operating profit fell $7.4M even though revenue rose $67.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 8%. Net earnings were $68.4M, down 17% year over year. The effective tax rate was 10.5%.
Operating cash flow was $218.0M (up 548% year over year), 319% of net earnings. Non-cash charges added back $28.0M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $117.2M. After capital Expenditures ($20.9M), free cash flow as the company reports it was $197.1M.
Questions
What was EnerSys' revenue in the second quarter fiscal 2026?
EnerSys (ENS) reported revenue of $951M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +7% from the quarter before.
Was EnerSys profitable in the second quarter fiscal 2026?
Operating profit was $92.0M (9.7% of revenue) and net earnings $68.4M.
Source: EnerSys 10-Q on SEC EDGAR.