Filing Flows › Mesa Laboratories (MLAB) › Q2 FY26
Mesa Laboratories (MLAB) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Mesa Laboratories (MLAB) reported revenue of $60.7M for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +2% from the quarter before. Operating margin was 7.8%, net earnings $2.5M (4.1% of revenue).
Mesa Laboratories, Q2 FY26: revenue $60.7M (+5% year over year), operating margin 7.8%, net earnings $2.5M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.7M | +2% | +5% |
| Gross profit | $37.3M | +1% | +5% |
| Operating profit | $4.7M | +54% | +35% |
| Net earnings | $2.5M | -48% | -28% |
| Operating cash flow | $8.2M | +334% | +56% |
| Free cash flow | $7.1M | +707% | +105% |
What changed
Revenue was $60.7M in Q2 FY26, up 5% year over year and up 2% from the previous quarter.
Gross margin was 61.5%, up 0.2 points from a year earlier. Operating profit was $4.7M, a 7.8% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 6% margin then. Operating expenses grew 2% against revenue growth of 5%. Net earnings were $2.5M, down 28% year over year. The effective tax rate was -23.9%.
Operating cash flow was $8.2M (up 56% year over year), 332% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $1.1M left free cash flow of $7.1M.
Questions
What was Mesa Laboratories' revenue in the second quarter fiscal 2026?
Mesa Laboratories (MLAB) reported revenue of $60.7M for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +2% from the quarter before.
Was Mesa Laboratories profitable in the second quarter fiscal 2026?
Operating profit was $4.7M (7.8% of revenue) and net earnings $2.5M.
Source: Mesa Laboratories 10-Q on SEC EDGAR.