Filing Flows › Movado Group (MOV) › Q2 FY26
Movado Group (MOV) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 28, 2025
Movado Group (MOV) reported revenue of $162M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +23% from the quarter before. Operating margin was 2.5%, net earnings $3.0M (1.8% of revenue).
Movado Group, Q2 FY26: revenue $162M (+3% year over year), operating margin 2.5%, net earnings $3.0M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | +23% | +3% |
| Gross profit | $87.6M | +23% | +3% |
| Operating profit | $4.0M | 14× | +52% |
| Net earnings | $3.0M | +110% | -14% |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $161.8M in Q2 FY26, up 3% year over year and up 23% from the previous quarter. Watch and Accessory Brands was the largest line at 84% of revenue. Watch and Accessory Brands added $4.1M year over year (up 3%), 84% of the total change.
Gross margin was 54.1%, down 0.2 points from a year earlier. Operating profit was $4.0M, a 2.5% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 2% margin then. Operating expenses grew 1% against revenue growth of 3%. Net earnings were $3.0M, down 14% year over year. The effective tax rate was 38.5%. Non-operating items added $1.1M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.8M. Non-cash charges added back $2.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $10.4M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Movado Group's revenue in the second quarter fiscal 2026?
Movado Group (MOV) reported revenue of $162M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +23% from the quarter before.
Was Movado Group profitable in the second quarter fiscal 2026?
Operating profit was $4.0M (2.5% of revenue) and net earnings $3.0M.
Source: Movado Group 10-Q on SEC EDGAR.