Filing Flows › MSC Industrial Direct (MSM) › Q2 FY26
MSC Industrial Direct (MSM) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 1, 2026
MSC Industrial Direct (MSM) reported revenue of $918M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and -5% from the quarter before. Operating margin was 7.1%, net earnings $42.2M (4.6% of revenue).
MSC Industrial Direct, Q2 FY26: revenue $918M (+3% year over year), operating margin 7.1%, net earnings $42.2M, operating cash flow $94.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $918M | -5% | +3% |
| Gross profit | $378M | -4% | +3% |
| Operating profit | $64.8M | -15% | +4% |
| Net earnings | $42.2M | -18% | +8% |
| Operating cash flow | $94.4M | +221% | +73% |
| Free cash flow | $73.1M | +887% | +196% |
What changed
Revenue was $917.8M in Q2 FY26, up 3% year over year and down 5% from the previous quarter.
Gross margin was 41.1%, up 0.2 points from Q2 FY25. Operating profit was $64.8M, a 7.1% margin (up 0.1 points year over year). Of the extra revenue versus Q2 FY25, 10% reached operating profit, above the 7% margin then. Operating expenses grew 3% against revenue growth of 3%. Net earnings were $42.5M, up 8% year over year. The effective tax rate was 24.7%.
Operating cash flow was $94.4M (up 73% year over year), 224% of net earnings. Non-cash charges added back $25.3M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $22.0M. Capital expenditures of $21.3M left free cash flow of $73.1M.
Questions
What was MSC Industrial Direct's revenue in the second quarter fiscal 2026?
MSC Industrial Direct (MSM) reported revenue of $918M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and -5% from the quarter before.
Was MSC Industrial Direct profitable in the second quarter fiscal 2026?
Operating profit was $64.8M (7.1% of revenue) and net earnings $42.2M.