Filing Flows › Federal Signal (FSS) › Q2 2026
Federal Signal (FSS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Federal Signal (FSS) reported revenue of $670M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +7% from the quarter before. Operating margin was 17.6%, net earnings $86.1M (12.8% of revenue).
Federal Signal, Q2 2026: revenue $670M (+19% year over year), operating margin 17.6%, net earnings $86.1M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $670M | +7% | +19% |
| Gross profit | $204M | +14% | +20% |
| Operating profit | $118M | +19% | +21% |
| Net earnings | $86.1M | +22% | +21% |
| Operating cash flow | $113M | +11% | +89% |
| Free cash flow | $101M | +7% | +93% |
What changed
Revenue was $670.2M in Q2 2026, up 19% year over year and up 7% from the previous quarter. Environmental Solutions was the largest line at 86% of revenue. Environmental Solutions added $97.2M year over year (up 20%), 92% of the total change.
Gross margin was 30.4%, up 0.4 points from Q2 2025. Operating profit was $118.2M, a 17.6% margin (up 0.3 points year over year). Of the extra revenue versus Q2 2025, 19% reached operating profit, above the 17% margin then. Operating expenses grew 19% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+46%). Net earnings were $86.1M, up 21% year over year. The effective tax rate was 22.7%.
Operating cash flow was $112.9M (up 89% year over year), 131% of net earnings. Non-cash charges added back $24.6M of depreciation and amortization and $5.4M of share-based compensation. Capital expenditures of $11.9M left free cash flow of $101.0M.
Questions
What was Federal Signal's revenue in the second quarter 2026?
Federal Signal (FSS) reported revenue of $670M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +7% from the quarter before.
Was Federal Signal profitable in the second quarter 2026?
Operating profit was $118M (17.6% of revenue) and net earnings $86.1M.
Source: Federal Signal 10-Q on SEC EDGAR.