Filing Flows › Espey Manufacturing & Electronics (ESP) › Q1 FY26
Espey Manufacturing & Electronics (ESP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Espey Manufacturing & Electronics (ESP) reported revenue of $9.1M for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and -5% from the quarter before. Operating margin was 22.7%, net earnings $2.2M (23.9% of revenue).
Espey Manufacturing & Electronics, Q1 FY26: revenue $9.1M (-13% year over year), operating margin 22.7%, net earnings $2.2M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | -5% | -13% |
| Gross profit | $3.2M | -15% | +15% |
| Operating profit | $2.1M | -22% | +20% |
| Net earnings | $2.2M | -26% | +36% |
| Operating cash flow | $5.7M | +106% | +312% |
| Free cash flow | $4.4M | +384% | +511% |
What changed
Revenue was $9.1M in Q1 FY26, down 13% year over year and down 5% from the previous quarter.
Gross margin was 35.4%, up 8.6 points from a year earlier. Operating profit was $2.1M, a 22.7% margin (up 6.3 points year over year). Operating expenses grew 6% against a revenue fall of 13%. Net earnings were $2.2M, up 36% year over year. The effective tax rate was 15.2%.
Operating cash flow was $5.7M (up 312% year over year), 264% of net earnings. Non-cash charges added back $118K of depreciation and $74K of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $1.3M left free cash flow of $4.4M.
Questions
What was Espey Manufacturing & Electronics' revenue in the first quarter fiscal 2026?
Espey Manufacturing & Electronics (ESP) reported revenue of $9.1M for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and -5% from the quarter before.
Was Espey Manufacturing & Electronics profitable in the first quarter fiscal 2026?
Operating profit was $2.1M (22.7% of revenue) and net earnings $2.2M.
Source: Espey Manufacturing & Electronics 10-Q on SEC EDGAR.