Filing Flows › Espey Manufacturing & Electronics (ESP) › Q2 FY26
Espey Manufacturing & Electronics (ESP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 10, 2026
Espey Manufacturing & Electronics (ESP) reported revenue of $12.1M for the second quarter fiscal 2026 (Q2 FY26), -11% from a year earlier and +33% from the quarter before. Operating margin was 25.3%, net earnings $2.8M (23.1% of revenue).
Espey Manufacturing & Electronics, Q2 FY26: revenue $12.1M (-11% year over year), operating margin 25.3%, net earnings $2.8M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1M | +33% | -11% |
| Gross profit | $4.2M | +31% | +33% |
| Operating profit | $3.1M | +49% | +52% |
| Net earnings | $2.8M | +29% | +47% |
| Operating cash flow | −$2.8M | -149% | -152% |
What changed
Revenue was $12.1M in Q2 FY26, down 11% year over year and up 33% from the previous quarter.
Gross margin was 34.7%, up 11.5 points from Q2 FY25. Operating profit was $3.1M, a 25.3% margin (up 10.4 points year over year). Operating expenses grew 0% against a revenue fall of 11%. Net earnings were $2.8M, up 47% year over year. The effective tax rate was 20.2%.
Operating cash flow was −$2.8M. Non-cash charges added back $128K of depreciation and $52K of share-based compensation. Working capital and other items used $5.8M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$4.1M.
Questions
What was Espey Manufacturing & Electronics' revenue in the second quarter fiscal 2026?
Espey Manufacturing & Electronics (ESP) reported revenue of $12.1M for the second quarter fiscal 2026 (Q2 FY26), -11% from a year earlier and +33% from the quarter before.
Was Espey Manufacturing & Electronics profitable in the second quarter fiscal 2026?
Operating profit was $3.1M (25.3% of revenue) and net earnings $2.8M.
Source: Espey Manufacturing & Electronics 10-Q on SEC EDGAR.