Filing Flows › Lindsay (LNN) › Q2 FY26
Lindsay (LNN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 2, 2026
Lindsay (LNN) reported revenue of $158M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and +1% from the quarter before. Operating margin was 8.3%, net earnings $12.0M (7.6% of revenue).
Lindsay, Q2 FY26: revenue $158M (-16% year over year), operating margin 8.3%, net earnings $12.0M, operating cash flow $24.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $158M | +1% | -16% |
| Gross profit | $42.3M | -15% | -32% |
| Operating profit | $13.0M | -34% | -59% |
| Net earnings | $12.0M | -27% | -55% |
| Operating cash flow | $24.6M | — | +100% |
| Free cash flow | $11.6M | — | +363% |
What changed
Revenue was $157.7M in Q2 FY26, down 16% year over year and up 1% from the previous quarter. Irrigation was the largest line at 90% of revenue. Infrastructure lost $22.4M year over year (down 58%), 76% of the total change.
Gross margin was 26.9%, down 6.6 points from Q2 FY25. Operating profit was $13.0M, a 8.3% margin (down 8.9 points year over year). Operating expenses fell 3% while revenue fell 16%. Net earnings were $12.0M, down 55% year over year. The effective tax rate was 22.6%.
Operating cash flow was $24.6M (up 100% year over year), 204% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $5.0M. Capital expenditures of $13.0M left free cash flow of $11.6M.
Questions
What was Lindsay's revenue in the second quarter fiscal 2026?
Lindsay (LNN) reported revenue of $158M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and +1% from the quarter before.
Was Lindsay profitable in the second quarter fiscal 2026?
Operating profit was $13.0M (8.3% of revenue) and net earnings $12.0M.
Source: Lindsay 10-Q on SEC EDGAR.