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Taylor Devices (TAYD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 1, 2025
Taylor Devices (TAYD) reported revenue of $9.9M for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -36% from the quarter before. Operating margin was 22.6%, net earnings $2.2M (22.1% of revenue).
Taylor Devices, Q1 FY26: revenue $9.9M (-15% year over year), operating margin 22.6%, net earnings $2.2M, operating cash flow $484K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | -36% | -15% |
| Gross profit | $4.4M | -41% | -19% |
| Operating profit | $2.2M | -40% | -23% |
| Net earnings | $2.2M | -41% | -18% |
| Operating cash flow | $484K | -75% | — |
| Free cash flow | $299K | -39% | — |
What changed
Revenue was $9.9M in Q1 FY26, down 15% year over year and down 36% from the previous quarter.
Gross margin was 44.8%, down 2.6 points from a year earlier. Operating profit was $2.2M, a 22.6% margin (down 2.4 points year over year). Operating expenses fell 16% while revenue fell 15%. The fastest-growing cost line was Research & development (+17%). Net earnings were $2.2M, down 18% year over year. The effective tax rate was 16.7%.
Operating cash flow was $484K, 22% of net earnings. Non-cash charges added back $458K of depreciation and amortization. Working capital and other items used $2.2M. Capital expenditures of $185K left free cash flow of $299K.
Questions
What was Taylor Devices' revenue in the first quarter fiscal 2026?
Taylor Devices (TAYD) reported revenue of $9.9M for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -36% from the quarter before.
Was Taylor Devices profitable in the first quarter fiscal 2026?
Operating profit was $2.2M (22.6% of revenue) and net earnings $2.2M.
Source: Taylor Devices 10-Q on SEC EDGAR.