Filing Flows › Insteel Industries (IIIN) › Q2 FY26
Insteel Industries (IIIN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 16, 2026
Insteel Industries (IIIN) reported revenue of $173M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +8% from the quarter before. Operating margin was 3.9%, net earnings $5.2M (3.0% of revenue).
Insteel Industries, Q2 FY26: revenue $173M (+8% year over year), operating margin 3.9%, net earnings $5.2M, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $173M | +8% | +7% |
| Gross profit | $16.5M | -9% | -33% |
| Operating profit | $6.8M | -29% | -49% |
| Net earnings | $5.2M | -31% | -49% |
| Operating cash flow | $5.1M | — | — |
| Free cash flow | $671K | — | — |
What changed
Revenue was $172.7M in Q2 FY26, up 7% year over year and up 8% from the previous quarter. Welded Wire Reinforcement was the largest line at 62% of revenue. Welded Wire Reinforcement added $6.5M year over year (up 6%), 54% of the total change.
Gross margin was 9.6%, down 5.7 points from Q2 FY25. Operating profit was $6.8M, a 3.9% margin (down 4.4 points year over year). Operating profit fell $6.5M even though revenue rose $12.0M versus Q2 FY25, so costs grew faster than sales. Operating expenses fell 13% while revenue rose 7%. Net earnings were $5.2M, down 49% year over year. The effective tax rate was 23.3%.
Operating cash flow was $5.1M, 97% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $4.4M left free cash flow of $671K.
Questions
What was Insteel Industries' revenue in the second quarter fiscal 2026?
Insteel Industries (IIIN) reported revenue of $173M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +8% from the quarter before.
Was Insteel Industries profitable in the second quarter fiscal 2026?
Operating profit was $6.8M (3.9% of revenue) and net earnings $5.2M.
Source: Insteel Industries 10-Q on SEC EDGAR.