Filing Flows › IES Holdings (IESC) › Q1 FY26
IES Holdings (IESC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 30, 2026
IES Holdings (IESC) reported revenue of $871M for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and -3% from the quarter before. Operating margin was 11.2%, net earnings $91.4M (10.5% of revenue).
IES Holdings, Q1 FY26: revenue $871M (+16% year over year), operating margin 11.2%, net earnings $91.4M, operating cash flow $27.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $871M | -3% | +16% |
| Gross profit | $220M | -6% | +24% |
| Operating profit | $97.7M | -6% | +31% |
| Net earnings | $91.4M | -10% | +62% |
| Operating cash flow | $27.7M | -79% | -26% |
What changed
Revenue was $871.0M in Q1 FY26, up 16% year over year and down 3% from the previous quarter. Communications was the largest line at 40% of revenue. Communications added $119.0M year over year (up 51%), 98% of the total change. Residential declined 11%.
Gross margin was 25.3%, up 1.5 points from a year earlier. Operating profit was $97.7M, a 11.2% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 10% margin then. Operating expenses grew 18% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $91.4M, up 62% year over year. The effective tax rate was 23.6%.
Operating cash flow was $27.7M (down 26% year over year), 30% of net earnings. Non-cash charges added back $12.7M of depreciation and $3.8M of share-based compensation. Working capital and other items used $80.5M. Capital expenditures of $46.6M exceeded it, leaving free cash flow of −$18.9M.
Questions
What was IES Holdings' revenue in the first quarter fiscal 2026?
IES Holdings (IESC) reported revenue of $871M for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and -3% from the quarter before.
Was IES Holdings profitable in the first quarter fiscal 2026?
Operating profit was $97.7M (11.2% of revenue) and net earnings $91.4M.
Source: IES Holdings 10-Q on SEC EDGAR.