Filing Flows › Matthews International (MATW) › Q2 FY26
Matthews International (MATW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 1, 2026
Matthews International (MATW) reported revenue of $259M for the second quarter fiscal 2026 (Q2 FY26), -40% from a year earlier and -9% from the quarter before. Operating margin was -1.2%, net loss $21.8M (8.4% of revenue).
Matthews International, Q2 FY26: revenue $259M (-40% year over year), operating margin -1.2%, net loss $21.8M, operating cash flow −$15.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $259M | -9% | -40% |
| Operating profit | −$3.2M | -103% | -153% |
| Net earnings | −$21.8M | -150% | — |
| Operating cash flow | −$15.4M | — | -344% |
What changed
Revenue was $258.6M in Q2 FY26, down 40% year over year and down 9% from the previous quarter. Memorialization was the largest line at 83% of revenue. Industrial Technologies lost $37.5M year over year (down 46%), 22% of the total change.
Gross margin was 39.4%, up 5.7 points from Q2 FY25. Operating costs exceeded revenue by $3.2M, an operating margin of -1.2%. Operating expenses fell 24% while revenue fell 40%. The quarter ended with a net loss of $21.8M, after a profit of $43.6M the previous quarter. Net interest and other expense of $24.9M was the main reason.
Operating cash flow was −$15.4M. Non-cash charges added back $11.5M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$19.5M.
Questions
What was Matthews International's revenue in the second quarter fiscal 2026?
Matthews International (MATW) reported revenue of $259M for the second quarter fiscal 2026 (Q2 FY26), -40% from a year earlier and -9% from the quarter before.
Was Matthews International profitable in the second quarter fiscal 2026?
Operating loss was $3.2M (-1.2% of revenue) and net loss $21.8M.