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Titan Machinery (TITN) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 3, 2026 · Titan Machinery (TITN) Q2 FY27 earnings results →
Q2 FY27 Revenue down 9% year over year to $496M · 2¢ of every $1 of revenue lost · operating margin -0.5%
Titan Machinery made $496M in Q2 FY27 (-9% Y/Y): Revenue from Contracts with Customers $484M, Rental $12.6M. Operating margin -0.5%, net loss $9.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 3, 2026.
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What changed this quarter
Revenue was $496.4M in Q2 FY27, down 9% year over year and down 5% from the previous quarter. Equipment was the largest line at 66% of revenue. Equipment lost $47.8M year over year (down 13%), 95% of the total change.
Gross margin was 18.6%, up 1.5 points from Q2 FY26. Operating costs exceeded revenue by $2.3M, an operating margin of -0.5%. Operating expenses grew 2% against a revenue fall of 9%. The quarter ended with a net loss of $9.2M, narrower than the previous quarter's $12.6M loss. Net interest and other expense of $6.9M was the main reason.
Operating cash flow was −$2.0M. Non-cash charges added back $9.5M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $3.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 3, 2026 | $496M | -9% | -0.5% | −$9.2M | −$2.0M |
| Q1 FY27 | 10-Q | Jun 9, 2026 | $522M | -12% | -1.1% | −$12.6M | −$23.1M |
| Q4 FY26 | 10-K | Mar 31, 2026 | $642M | -16% | -1.9% | −$36.2M | $53.6M |
| Q3 FY26 | 10-Q | Dec 4, 2025 | $645M | -5% | 1.6% | $1.2M | $34.0M |
| Q2 FY26 | 10-Q | Sep 4, 2025 | $546M | -14% | 0.1% | −$6.0M | $43.7M |
| Q1 FY26 | 10-Q | Jun 5, 2025 | $594M | -6% | -1.0% | −$13.2M | $6.2M |
| Q4 FY25 | 10-K | Apr 7, 2025 | $760M | -11% | -6.0% | −$43.8M | $126M |
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Titan Machinery
Titan Machinery Inc. and its subsidiaries (collectively, "Titan Machinery," the "Company," "we," or "our") own and operate a network of full service agricultural and construction equipment stores in the United States, Europe and Australia. We have been an authorized dealer of CNH Industrial N.V. or its U.S. subsidiaries (collectively referred to in this Annual Report on Form 10-K (this "Form 10-K") as "CNH") since our formation in 1980. CNH is a leading global manufacturer and supplier of agricultural and construction equipment, which includes the Case IH Agriculture, New Holland Agriculture, Case Construction and New Holland Construction brands.
In its own words, from its 10-K, filed Mar 31, 2026.
Titan Machinery against its Retail-Retail Stores, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median 0%. Operating margin: -0.5% against the peers' median 3.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TITN Titan Machinery | Q2 FY27 | $496M | -9% | -0.5% |
| ULTA Ulta Beauty | Q2 FY27 | $3.0B | +9% | 12.5% |
| BBWI Bath & Body Works | Q2 FY27 | $1.5B | -2% | 14.3% |
| WOOF Petco Health & Wellness Company | Q2 FY27 | $1.5B | 0% | 3.2% |
| SBH Sally Beauty Holdings | Q3 FY26 | $935M | +0.2% | 9.2% |
| LESL Leslie's | Q3 FY26 | $458M | -8% | 13.4% |
| SGU Star Group, L.P. | Q3 FY26 | $358M | +17% | -9.5% |
| FLWS 1 800 Flowers | Q1 FY27 | $171M | -11% | -27.1% |
| RENT Rent the Runway | Q2 FY27 | $97.7M | +21% | -8.0% |
Source: Titan Machinery 10-Q on SEC EDGAR · CIK 1409171 · Retail-Retail Stores, NEC
13F: who owns TITN and who is buying
More on TITN
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results