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Escalon Medical (ESMC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 17, 2026
Escalon Medical (ESMC) reported revenue of $3.6M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +34% from the quarter before. Operating margin was 2.7%, net earnings $98K (2.7% of revenue).
Escalon Medical, Q2 FY26: revenue $3.6M (+12% year over year), operating margin 2.7%, net earnings $98K, operating cash flow −$517K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | +34% | +12% |
| Operating profit | $99K | — | -61% |
| Net earnings | $98K | — | -60% |
| Operating cash flow | −$517K | -709% | -272% |
What changed
Revenue was $3.6M in Q2 FY26, up 12% year over year and up 34% from the previous quarter. Product was the largest line at 95% of revenue. Product added $313K year over year (up 10%), 84% of the total change.
Operating profit was $99K, a 2.7% margin (down 5.2 points year over year). Operating profit fell $157K even though revenue rose $371K versus Q2 FY25, so costs grew faster than sales. Total costs grew 18% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+24%). Net earnings were $98K, down 60% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$517K. Non-cash charges added back $8K of depreciation and amortization. Working capital and other items used $624K.
Questions
What was Escalon Medical's revenue in the second quarter fiscal 2026?
Escalon Medical (ESMC) reported revenue of $3.6M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +34% from the quarter before.
Was Escalon Medical profitable in the second quarter fiscal 2026?
Operating profit was $99K (2.7% of revenue) and net earnings $98K.
Source: Escalon Medical 10-Q on SEC EDGAR.