Filing Flows › Janel (JANL) › Q2 FY26
Janel (JANL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 8, 2026
Janel (JANL) reported revenue of $57.4M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +3% from the quarter before. Operating margin was 2.7%, net earnings $717K (1.2% of revenue).
Janel, Q2 FY26: revenue $57.4M (+13% year over year), operating margin 2.7%, net earnings $717K, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.4M | +3% | +13% |
| Gross profit | $18.6M | +2% | +12% |
| Operating profit | $1.5M | +58% | -29% |
| Net earnings | $717K | +71% | -50% |
| Operating cash flow | $4.8M | — | -9% |
| Free cash flow | $4.7M | — | -6% |
What changed
Revenue was $57.4M in Q2 FY26, up 13% year over year and up 3% from the previous quarter. Logistics was the largest line at 90% of revenue. Logistics added $7.4M year over year (up 17%), 111% of the total change. Life Sciences and Manufacturing declined 11%.
Gross margin was 32.3%, down 0.3 points from Q2 FY25. Operating profit was $1.5M, a 2.7% margin (down 1.6 points year over year). Operating profit fell $625K even though revenue rose $6.7M versus Q2 FY25, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $717K, down 50% year over year. The effective tax rate was 16.8%.
Operating cash flow was $4.8M (down 9% year over year), 484% of net income including minority interests. Non-cash charges added back $164K of depreciation and amortization and $63K of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $128K left free cash flow of $4.7M.
Questions
What was Janel's revenue in the second quarter fiscal 2026?
Janel (JANL) reported revenue of $57.4M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +3% from the quarter before.
Was Janel profitable in the second quarter fiscal 2026?
Operating profit was $1.5M (2.7% of revenue) and net earnings $717K.
Source: Janel 10-Q on SEC EDGAR.