Filing Flows › Kennametal (KMT) › Q2 FY26
Kennametal (KMT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Kennametal (KMT) reported revenue of $530M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +6% from the quarter before. Operating margin was 9.9%, net earnings $33.9M (6.4% of revenue).
Kennametal, Q2 FY26: revenue $530M (+10% year over year), operating margin 9.9%, net earnings $33.9M, operating cash flow $55.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $530M | +6% | +10% |
| Gross profit | $174M | +13% | +20% |
| Operating profit | $52.7M | +40% | +66% |
| Net earnings | $33.9M | +45% | +89% |
| Operating cash flow | $55.1M | +215% | -0.1% |
| Free cash flow | $42.4M | — | +18% |
What changed
Revenue was $529.5M in Q2 FY26, up 10% year over year and up 6% from the previous quarter. Metal Cutting was the largest line at 63% of revenue. Metal Cutting added $33.3M year over year (up 11%), 70% of the total change.
Gross margin was 32.8%, up 2.7 points from a year earlier. Operating profit was $52.7M, a 9.9% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $33.9M, up 89% year over year. The effective tax rate was 27.7%.
Operating cash flow was $55.1M (roughly flat year over year), 157% of net income including minority interests. Non-cash charges added back $34.4M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items used $23.2M. Capital expenditures of $12.7M left free cash flow of $42.4M.
Questions
What was Kennametal's revenue in the second quarter fiscal 2026?
Kennametal (KMT) reported revenue of $530M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +6% from the quarter before.
Was Kennametal profitable in the second quarter fiscal 2026?
Operating profit was $52.7M (9.9% of revenue) and net earnings $33.9M.
Source: Kennametal 10-Q on SEC EDGAR.