Filing Flows › Strattec Security (STRT) › Q2 FY26
Strattec Security (STRT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
Strattec Security (STRT) reported revenue of $138M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -10% from the quarter before. Operating margin was 3.5%, net earnings $4.9M (3.6% of revenue).
Strattec Security, Q2 FY26: revenue $138M (+6% year over year), operating margin 3.5%, net earnings $4.9M, operating cash flow $13.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -10% | +6% |
| Gross profit | $22.7M | -14% | +32% |
| Operating profit | $4.9M | -53% | +128% |
| Net earnings | $4.9M | -42% | +275% |
| Operating cash flow | $13.9M | +23% | +47% |
| Free cash flow | $11.2M | +15% | +32% |
What changed
Revenue was $137.5M in Q2 FY26, up 6% year over year and down 10% from the previous quarter.
Gross margin was 16.5%, up 3.3 points from a year earlier. Operating profit was $4.9M, a 3.5% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 2% margin then. Operating expenses grew 19% against revenue growth of 6%. Net earnings were $4.9M, up 275% year over year. The effective tax rate was 23.1%. Non-operating items added $2.5M, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.9M (up 47% year over year), 246% of net income including minority interests. Non-cash charges added back $3.9M of depreciation and $1.1M of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $2.6M left free cash flow of $11.2M.
Questions
What was Strattec Security's revenue in the second quarter fiscal 2026?
Strattec Security (STRT) reported revenue of $138M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -10% from the quarter before.
Was Strattec Security profitable in the second quarter fiscal 2026?
Operating profit was $4.9M (3.5% of revenue) and net earnings $4.9M.
Source: Strattec Security 10-Q on SEC EDGAR.