Filing Flows › Graham (GHM) › Q2 FY27 › vs Q1 FY27
Graham (GHM) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Graham's revenue fell $1.6M (-2%) from $71.3M in Q1 FY27 to $69.8M in Q2 FY27. The biggest changes: Energy and Process −$6.1M (-26%); Defense +$4.4M (+11%); Space +$86K (+1%). Gross margin 28.2% against 25.0% (+3.2 pts).
Graham, Q2 FY27: revenue $69.8M (+6% year over year), operating margin 8.4%, net earnings $4.6M, operating cash flow $46.7M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 28.2% | 25.0% | +3.2 pts |
| Operating margin | 8.4% | 5.8% | +2.5 pts |
| Net margin | 6.6% | 5.5% | +1.2 pts |
| Free cash flow margin | 63.8% | -21.4% | +85.1 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Defense | $45.8M | $41.4M | $4.4M | +11% |
| Energy and Process | $17.6M | $23.7M | −$6.1M | -26% |
| Space | $6.4M | $6.3M | $86K | +1% |
| Revenue | $69.8M | $71.3M | −$1.6M | -2% |
| Gross profit | $19.7M | $17.8M | $1.9M | +11% |
| Cost of revenue | $50.1M | $53.5M | −$3.5M | -6% |
| Operating profit | $5.8M | $4.2M | $1.7M | +40% |
| Operating expenses | $13.8M | $13.6M | $192K | +1% |
| Pre-tax earnings | $6.0M | $4.2M | $1.8M | +43% |
| SG&A | $13.1M | $12.6M | $592K | +5% |
| Other operating costs | $695K | $1.1M | −$400K | -37% |
| Net earnings | $4.6M | $3.9M | $725K | +19% |
| Income tax | $1.3M | $271K | $1.1M | +392% |
| Depreciation & amortization | $2.7M | $2.7M | $21K | +0.8% |
| Share-based compensation | $782K | $645K | $137K | +21% |
| Working capital & other | $38.6M | −$19.9M | $58.5M | — |
| Operating cash flow | $46.7M | −$12.7M | $59.4M | — |
| Free cash flow (OCF − capex) | $44.5M | −$15.3M | $59.7M | — |
| Capital expenditures | $2.2M | $2.6M | −$363K | -14% |
Questions
How much did Graham's revenue grow quarter over quarter in Q2 FY27?
Graham's revenue fell $1.6M (-2%) from $71.3M in Q1 FY27 to $69.8M in Q2 FY27.
What drove Graham's revenue change in Q2 FY27?
Energy and Process −$6.1M (-26%); Defense +$4.4M (+11%); Space +$86K (+1%).