Filing Flows › Lindsay (LNN) › Q1 FY26
Lindsay (LNN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 8, 2026
Lindsay (LNN) reported revenue of $156M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and +1% from the quarter before. Operating margin was 12.6%, net earnings $16.5M (10.6% of revenue).
Lindsay, Q1 FY26: revenue $156M (-6% year over year), operating margin 12.6%, net earnings $16.5M, operating cash flow −$597K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $156M | +1% | -6% |
| Gross profit | $50.1M | +12% | +0.3% |
| Operating profit | $19.6M | +73% | -6% |
| Net earnings | $16.5M | +53% | -4% |
| Operating cash flow | −$597K | -101% | — |
What changed
Revenue was $155.8M in Q1 FY26, down 6% year over year and up 1% from the previous quarter. Irrigation was the largest line at 86% of revenue. Irrigation lost $13.7M year over year (down 9%), 130% of the total change.
Gross margin was 32.2%, up 2.1 points from a year earlier. Operating profit was $19.6M, a 12.6% margin (unchanged year over year). Operating expenses grew 5% against a revenue fall of 6%. The fastest-growing cost line was Research & development (+20%). Net earnings were $16.5M, down 4% year over year. The effective tax rate was 24.5%.
Operating cash flow was −$597K. Non-cash charges added back $5.3M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $23.8M. Capital expenditures of $14.5M exceeded it, leaving free cash flow of −$15.1M.
Questions
What was Lindsay's revenue in the first quarter fiscal 2026?
Lindsay (LNN) reported revenue of $156M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and +1% from the quarter before.
Was Lindsay profitable in the first quarter fiscal 2026?
Operating profit was $19.6M (12.6% of revenue) and net earnings $16.5M.
Source: Lindsay 10-Q on SEC EDGAR.