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Titan Machinery (TITN) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 4, 2025
Titan Machinery (TITN) reported revenue of $645M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and +18% from the quarter before. Operating margin was 1.6%, net earnings $1.2M (0.2% of revenue).
Titan Machinery, Q3 FY26: revenue $645M (-5% year over year), operating margin 1.6%, net earnings $1.2M, operating cash flow $34.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $645M | +18% | -5% |
| Gross profit | $111M | +19% | +0.5% |
| Operating profit | $10.3M | 16× | -10% |
| Net earnings | $1.2M | — | -30% |
| Operating cash flow | $34.0M | -22% | — |
What changed
Revenue was $644.5M in Q3 FY26, down 5% year over year and up 18% from the previous quarter. Equipment was the largest line at 71% of revenue. Equipment lost $35.2M year over year (down 7%), 100% of the total change.
Gross margin was 17.2%, up 1.0 points from a year earlier. Operating profit was $10.3M, a 1.6% margin (down 0.1 points year over year). Operating expenses grew 2% against a revenue fall of 5%. Net earnings were $1.2M, down 30% year over year. The effective tax rate was 57.3%.
Operating cash flow was $34.0M, 2837% of net earnings. Non-cash charges added back $9.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $21.7M.
Questions
What was Titan Machinery's revenue in the third quarter fiscal 2026?
Titan Machinery (TITN) reported revenue of $645M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and +18% from the quarter before.
Was Titan Machinery profitable in the third quarter fiscal 2026?
Operating profit was $10.3M (1.6% of revenue) and net earnings $1.2M.
Source: Titan Machinery 10-Q on SEC EDGAR.