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Techprecision (TPCS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 13, 2025
Techprecision (TPCS) reported revenue of $9.1M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +23% from the quarter before. Operating margin was 10.4%, net earnings $825K (9.1% of revenue).
Techprecision, Q2 FY26: revenue $9.1M (+2% year over year), operating margin 10.4%, net earnings $825K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | +23% | +2% |
| Gross profit | $2.5M | +139% | +142% |
| Operating profit | $942K | — | — |
| Net earnings | $825K | — | — |
| Operating cash flow | −$1.1M | -267% | — |
What changed
Revenue was $9.1M in Q2 FY26, up 2% year over year and up 23% from the previous quarter. Stadco was the largest line at 52% of revenue. Stadco added $557K year over year (up 13%), 398% of the total change. Ranor declined 9%.
Gross margin was 27.1%, up 15.7 points from a year earlier. Operating profit was $942K, a 10.4% margin (up 15.8 points year over year). Operating expenses grew 1% against revenue growth of 2%. Net earnings were $825K. The effective tax rate was 0.0%.
Operating cash flow was −$1.1M. Non-cash charges added back $703K of depreciation and amortization and $70K of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Techprecision's revenue in the second quarter fiscal 2026?
Techprecision (TPCS) reported revenue of $9.1M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +23% from the quarter before.
Was Techprecision profitable in the second quarter fiscal 2026?
Operating profit was $942K (10.4% of revenue) and net earnings $825K.
Source: Techprecision 10-Q on SEC EDGAR.