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McGraw Hill (MH) guidance and outlook
McGraw Hill (MH) raised its guidance on Nov 5, 2026: Revenue $632M for Q2 FY2027; Revenue +5.5% for Q2 FY2027; Gross profit $500M for Q2 FY2027; Gross margin 79.2% for Q2 FY2027. McGraw Hill's 10-Q filed Nov 5, 2026 makes 10 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q2 FY2027 | $632M | new |
| Revenue | Q2 FY2027 | +5.5% | new |
| Revenue | Q2 FY2027 | +1.9% | new |
| Revenue | Q2 FY2027 | $414M | new |
| Gross profit | Q2 FY2027 | $500M | new |
| Gross margin | Q2 FY2027 | 79.2% | new |
| Net income | Q2 FY2027 | $86.4M | new |
| EBITDA | FY2027 | $251M | raised |
| EBITDA margin | FY2027 | 39.6% | new |
| Revenue | FY2027 | $2.1B | reaffirmed |
| Revenue | FY2027 | $1.6B | new |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- Additionally, our historical results are not necessarily indicative of the results that may be expected for any period in the future.
- While we believe that the above key operating metrics provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management, it is important to note that other companies, including companies in our industry, may not use these metrics, may calculate them differently, may have different frequencies or may use other financial measures to…
- The decrease was driven primarily by lower amortization expense related to the use of an accelerated method of amortization for our content intangible assets, partially offset by higher amortization expense related to software development projects that were completed and put into service during the period.
- Such measures are not intended to be a measure of cash available for management’s discretionary use, as they may not capture actual cash obligations associated with interest payments, taxes and debt service requirements.
- Going forward, we may need cash to fund operating activities, working capital, product development expenditures, capital expenditures and strategic investments.
- We also expect our working capital requirements to be positively impacted by our migration from print products to digital learning solutions.
- Although we believe we can currently finance our operations on acceptable terms and conditions, our access to, and the availability of, financing on acceptable terms and conditions in the future will be affected by many factors, including: (i) our credit ratings, (ii) the liquidity of the overall capital markets and (iii) the current state of the economy.
- There can be no assurance that we will continue to have access to the capital markets on terms acceptable to us.
- In evaluating recoverability, we consider our current assessment of the marketplace, industry trends and the projected success of programs.
- Cash needed to finance investments and projects currently in progress, as well as additional investments being pursued, is expected to be made available from operating cash flows and our credit facilities.
McGraw Hill's latest quarter
McGraw Hill, Q2 FY27: revenue $632M (-6% year over year), operating margin 22.3%, net earnings $86.4M, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.
Questions
Did McGraw Hill raise or lower its guidance?
McGraw Hill (MH) raised its guidance on Nov 5, 2026: Revenue $632M for Q2 FY2027; Revenue +5.5% for Q2 FY2027; Gross profit $500M for Q2 FY2027; Gross margin 79.2% for Q2 FY2027.
What does McGraw Hill expect?
Additionally, our historical results are not necessarily indicative of the results that may be expected for any period in the future. While we believe that the above key operating metrics provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management, it is important to note that other companies, including companies in our industry, may not use these metrics, may calculate them differently, may have different frequencies or may use other financial measures to… The decrease was driven primarily by lower amortization
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.