Filing Flows › Graham (GHM) › Q1 FY27
Graham (GHM) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Graham (GHM) reported revenue of $71.3M for the first quarter fiscal 2027 (Q1 FY27), +29% from a year earlier and +6% from the quarter before. Operating margin was 5.8%, net earnings $3.9M (5.5% of revenue).
Graham, Q1 FY27: revenue $71.3M (+29% year over year), operating margin 5.8%, net earnings $3.9M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.3M | +6% | +29% |
| Gross profit | $17.8M | +17% | +21% |
| Operating profit | $4.2M | +56% | -16% |
| Net earnings | $3.9M | +99% | -15% |
| Operating cash flow | −$12.7M | — | — |
What changed
Revenue was $71.3M in Q1 FY27, up 29% year over year and up 6% from the previous quarter. Defense was the largest line at 58% of revenue. Defense added $11.8M year over year (up 40%), 75% of the total change.
Gross margin was 25.0%, down 1.6 points from Q1 FY26. Operating profit was $4.2M, a 5.8% margin (down 3.1 points year over year). Operating profit fell $812K even though revenue rose $15.9M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 40% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+204%). Net earnings were $3.9M, down 15% year over year. The effective tax rate was 6.5%.
Operating cash flow was −$12.7M. Non-cash charges added back $2.7M of depreciation and amortization and $645K of share-based compensation. Working capital and other items used $19.9M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$15.3M.
Questions
What was Graham's revenue in the first quarter fiscal 2027?
Graham (GHM) reported revenue of $71.3M for the first quarter fiscal 2027 (Q1 FY27), +29% from a year earlier and +6% from the quarter before.
Was Graham profitable in the first quarter fiscal 2027?
Operating profit was $4.2M (5.8% of revenue) and net earnings $3.9M.
Source: Graham 10-Q on SEC EDGAR.