Filing Flows › Netscout Systems (NTCT) › Q2 FY26
Netscout Systems (NTCT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Netscout Systems (NTCT) reported revenue of $219M for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and +17% from the quarter before. Operating margin was 14.8%, net earnings $25.8M (11.8% of revenue).
Netscout Systems, Q2 FY26: revenue $219M (+15% year over year), operating margin 14.8%, net earnings $25.8M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +17% | +15% |
| Gross profit | $175M | +22% | +18% |
| Operating profit | $32.5M | — | +130% |
| Net earnings | $25.8M | — | +186% |
| Operating cash flow | $6.7M | -91% | — |
| Free cash flow | $4.4M | -94% | — |
What changed
Revenue was $219.0M in Q2 FY26, up 15% year over year and up 17% from the previous quarter. Service was the largest line at 57% of revenue. Service added $14.2M year over year (up 13%), 51% of the total change.
Gross margin was 80.1%, up 2.1 points from a year earlier. Operating profit was $32.5M, a 14.8% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 7% margin then. Operating expenses grew 6% against revenue growth of 15%. The fastest-growing cost line was Research & development (+12%). Net earnings were $25.8M, up 186% year over year. The effective tax rate was 17.7%.
Operating cash flow was $6.7M, 26% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $47.1M. Capital expenditures of $2.2M left free cash flow of $4.4M.
Questions
What was Netscout Systems' revenue in the second quarter fiscal 2026?
Netscout Systems (NTCT) reported revenue of $219M for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and +17% from the quarter before.
Was Netscout Systems profitable in the second quarter fiscal 2026?
Operating profit was $32.5M (14.8% of revenue) and net earnings $25.8M.
Source: Netscout Systems 10-Q on SEC EDGAR.