Filing Flows › TransDigm Group (TDG) › Q2 FY26
TransDigm Group (TDG) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 5, 2026
TransDigm Group (TDG) reported revenue of $2.5B for the second quarter fiscal 2026 (Q2 FY26), +18% from a year earlier and +11% from the quarter before. Operating margin was 46.3%, net earnings $536M (21.1% of revenue).
TransDigm Group, Q2 FY26: revenue $2.5B (+18% year over year), operating margin 46.3%, net earnings $536M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +11% | +18% |
| Gross profit | $1.5B | +12% | +19% |
| Operating profit | $1.2B | +13% | +19% |
| Net earnings | $536M | +20% | +12% |
| Operating cash flow | $135M | -84% | -9% |
| Free cash flow | $64.0M | -92% | -30% |
What changed
Revenue was $2.5B in Q2 FY26, up 18% year over year and up 11% from the previous quarter.
Gross margin was 59.4%, up 0.1 points from Q2 FY25. Operating profit was $1.2B, a 46.3% margin (up 0.2 points year over year). Of the extra revenue versus Q2 FY25, 47% reached operating profit, above the 46% margin then. Operating expenses grew 18% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $0.54B, up 12% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.14B (down 9% year over year), 25% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.53B. Capital expenditures of $0.07B left free cash flow of $0.06B.
Questions
What was TransDigm Group's revenue in the second quarter fiscal 2026?
TransDigm Group (TDG) reported revenue of $2.5B for the second quarter fiscal 2026 (Q2 FY26), +18% from a year earlier and +11% from the quarter before.
Was TransDigm Group profitable in the second quarter fiscal 2026?
Operating profit was $1.2B (46.3% of revenue) and net earnings $536M.
Source: TransDigm Group 10-Q on SEC EDGAR.