Filing Flows › Kennametal (KMT) › Q1 FY26
Kennametal (KMT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 5, 2025
Kennametal (KMT) reported revenue of $498M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -4% from the quarter before. Operating margin was 7.5%, net earnings $23.3M (4.7% of revenue).
Kennametal, Q1 FY26: revenue $498M (+3% year over year), operating margin 7.5%, net earnings $23.3M, operating cash flow $17.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $498M | -4% | +3% |
| Gross profit | $155M | +6% | +2% |
| Operating profit | $37.6M | +20% | +4% |
| Net earnings | $23.3M | +8% | +5% |
| Operating cash flow | $17.5M | -78% | -62% |
What changed
Revenue was $498.0M in Q1 FY26, up 3% year over year and down 4% from the previous quarter. Metal Cutting was the largest line at 62% of revenue. Metal Cutting added $13.7M year over year (up 5%), 86% of the total change.
Gross margin was 31.0%, down 0.3 points from a year earlier. Operating profit was $37.6M, a 7.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 7% margin then. Operating expenses grew 2% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $23.3M, up 5% year over year. The effective tax rate was 26.9%.
Operating cash flow was $17.5M (down 62% year over year), 71% of net income including minority interests. Non-cash charges added back $35.0M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items used $50.4M. Capital expenditures of $23.0M exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Kennametal's revenue in the first quarter fiscal 2026?
Kennametal (KMT) reported revenue of $498M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -4% from the quarter before.
Was Kennametal profitable in the first quarter fiscal 2026?
Operating profit was $37.6M (7.5% of revenue) and net earnings $23.3M.
Source: Kennametal 10-Q on SEC EDGAR.