Filing Flows › Matrix Service (MTRX) › Q2 FY26
Matrix Service (MTRX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Matrix Service (MTRX) reported revenue of $211M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and -0.6% from the quarter before. Operating margin was -1.0%, net loss $894K (0.4% of revenue).
Matrix Service, Q2 FY26: revenue $211M (+12% year over year), operating margin -1.0%, net loss $894K, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | -0.6% | +12% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$894K | — | — |
| Operating cash flow | $7.5M | — | -78% |
| Free cash flow | $6.3M | — | -81% |
What changed
Revenue was $210.5M in Q2 FY26, up 12% year over year and down 1% from the previous quarter. Storage and Terminal Solutions was the largest line at 47% of revenue. Utility and Power Infrastructure added $14.3M year over year (up 23%), 61% of the total change.
Gross margin was 6.2%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -1.0%. Operating expenses fell 11% while revenue rose 12%. The quarter ended with a net loss of $894K, narrower than the previous quarter's $3.7M loss. Non-operating items added $1.4M, -198% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.5M (down 78% year over year). Non-cash charges added back $2.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $1.2M left free cash flow of $6.3M.
Questions
What was Matrix Service's revenue in the second quarter fiscal 2026?
Matrix Service (MTRX) reported revenue of $211M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and -0.6% from the quarter before.
Was Matrix Service profitable in the second quarter fiscal 2026?
Operating loss was $2.2M (-1.0% of revenue) and net loss $894K.
Source: Matrix Service 10-Q on SEC EDGAR.