Filing Flows › Titan Machinery (TITN) › Q2 FY26
Titan Machinery (TITN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 4, 2025
Titan Machinery (TITN) reported revenue of $546M for the second quarter fiscal 2026 (Q2 FY26), -14% from a year earlier and -8% from the quarter before. Operating margin was 0.1%, net loss $6.0M (1.1% of revenue).
Titan Machinery, Q2 FY26: revenue $546M (-14% year over year), operating margin 0.1%, net loss $6.0M, operating cash flow $43.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $546M | -8% | -14% |
| Operating profit | $662K | — | — |
| Net earnings | −$6.0M | — | — |
| Operating cash flow | $43.7M | +605% | — |
What changed
Revenue was $546.4M in Q2 FY26, down 14% year over year and down 8% from the previous quarter. Equipment was the largest line at 69% of revenue. Equipment lost $89.0M year over year (down 19%), 102% of the total change.
Gross margin was 17.1%, down 0.6 points from a year earlier. Operating profit was $662K, a 0.1% margin (down 2.4 points year over year). Operating expenses fell 4% while revenue fell 14%. The quarter ended with a net loss of $6.0M, narrower than the previous quarter's $13.2M loss. Net interest and other expense of $8.9M was the main reason.
Operating cash flow was $43.7M. Non-cash charges added back $9.4M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $38.9M.
Questions
What was Titan Machinery's revenue in the second quarter fiscal 2026?
Titan Machinery (TITN) reported revenue of $546M for the second quarter fiscal 2026 (Q2 FY26), -14% from a year earlier and -8% from the quarter before.
Was Titan Machinery profitable in the second quarter fiscal 2026?
Operating profit was $662K (0.1% of revenue) and net loss $6.0M.
Source: Titan Machinery 10-Q on SEC EDGAR.