Filing Flows › Mesa Laboratories (MLAB) › Q2 FY27
Mesa Laboratories (MLAB) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 9, 2026
Mesa Laboratories (MLAB) reported revenue of $62.3M for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +4% from the quarter before. Operating margin was 13.5%, net earnings $4.3M (7.0% of revenue).
Mesa Laboratories, Q2 FY27: revenue $62.3M (+3% year over year), operating margin 13.5%, net earnings $4.3M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.3M | +4% | +3% |
| Gross profit | $39.9M | +2% | +7% |
| Operating profit | $8.4M | +19% | +78% |
| Net earnings | $4.3M | +53% | +75% |
| Operating cash flow | $4.1M | -72% | -50% |
| Free cash flow | $3.7M | -74% | -48% |
What changed
Revenue was $62.3M in Q2 FY27, up 3% year over year and up 4% from the previous quarter. Consumables was the largest line at 57% of revenue. Consumables added $2.4M year over year (up 7%), 152% of the total change. Hardware and Software declined 6%.
Gross margin was 64.0%, up 2.5 points from Q2 FY26. Operating profit was $8.4M, a 13.5% margin (up 5.7 points year over year). Of the extra revenue versus Q2 FY26, 229% reached operating profit, above the 8% margin then. Operating expenses fell 3% while revenue rose 3%. Net earnings were $4.3M, up 75% year over year. The effective tax rate was 28.1%.
Operating cash flow was $4.1M (down 50% year over year), 94% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $387K left free cash flow of $3.7M.
Questions
What was Mesa Laboratories' revenue in the second quarter fiscal 2027?
Mesa Laboratories (MLAB) reported revenue of $62.3M for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +4% from the quarter before.
Was Mesa Laboratories profitable in the second quarter fiscal 2027?
Operating profit was $8.4M (13.5% of revenue) and net earnings $4.3M.
Source: Mesa Laboratories 10-Q on SEC EDGAR.