Filing Flows › Thor Industries (THO) › Q2 FY26
Thor Industries (THO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 3, 2026
Thor Industries (THO) reported revenue of $2.1B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and -11% from the quarter before. Operating margin was 1.0%, net earnings $17.8M (0.8% of revenue).
Thor Industries, Q2 FY26: revenue $2.1B (+5% year over year), operating margin 1.0%, net earnings $17.8M, operating cash flow −$112M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -11% | +5% |
| Gross profit | $251M | -22% | +2% |
| Operating profit | $21.0M | -35% | — |
| Net earnings | $17.8M | -18% | — |
| Operating cash flow | −$112M | — | -464% |
What changed
Revenue was $2.1B in Q2 FY26, up 5% year over year and down 11% from the previous quarter.
Gross margin was 11.8%, down 0.3 points from Q2 FY25. Operating profit was $0.02B, a 1.0% margin (up 1.1 points year over year). Operating expenses fell 7% while revenue rose 5%. Net earnings were $0.02B ($0.01B including minority interests, which bore $3.2M of losses). The effective tax rate was 30.3%.
Operating cash flow was −$0.11B. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.15B.
Questions
What was Thor Industries' revenue in the second quarter fiscal 2026?
Thor Industries (THO) reported revenue of $2.1B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and -11% from the quarter before.
Was Thor Industries profitable in the second quarter fiscal 2026?
Operating profit was $21.0M (1.0% of revenue) and net earnings $17.8M.
Source: Thor Industries 10-Q on SEC EDGAR.