Filing Flows › Open Text (OTEX) › Q2 FY26
Open Text (OTEX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Open Text (OTEX) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -0.6% from a year earlier and +3% from the quarter before. Operating margin was 22.0%, net earnings $168M (12.7% of revenue).
Open Text, Q2 FY26: revenue $1.3B (-0.6% year over year), operating margin 22.0%, net earnings $168M, operating cash flow $319M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +3% | -0.6% |
| Gross profit | $982M | +5% | +0.4% |
| Operating profit | $292M | +8% | -1% |
| Net earnings | $168M | +15% | -27% |
| Operating cash flow | $319M | +116% | -8% |
| Free cash flow | $279M | +176% | -9% |
What changed
Revenue was $1.3B in Q2 FY26, down 1% year over year and up 3% from the previous quarter. Cloud services and subscriptions was the largest line at 36% of revenue. Cybersecurity (Enterprise) lost $0.02B year over year (down 10%), 236% of the total change.
Gross margin was 74.0%, up 0.7 points from a year earlier. Operating profit was $0.29B, a 22.0% margin (down 0.2 points year over year). Operating expenses grew 1% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+11%). Net earnings were $0.17B, down 27% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.32B (down 8% year over year), 190% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.13B. Capital expenditures of $0.04B left free cash flow of $0.28B.
Questions
What was Open Text's revenue in the second quarter fiscal 2026?
Open Text (OTEX) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -0.6% from a year earlier and +3% from the quarter before.
Was Open Text profitable in the second quarter fiscal 2026?
Operating profit was $292M (22.0% of revenue) and net earnings $168M.
Source: Open Text 10-Q on SEC EDGAR.