Filing Flows › Transcat (TRNS) › Q1 FY26
Transcat (TRNS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 6, 2025
Transcat (TRNS) reported revenue of $76.4M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and -0.9% from the quarter before. Operating margin was 7.0%, net earnings $3.3M (4.3% of revenue).
Transcat, Q1 FY26: revenue $76.4M (+15% year over year), operating margin 7.0%, net earnings $3.3M, operating cash flow $3.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.4M | -0.9% | +15% |
| Gross profit | $25.8M | -0.4% | +14% |
| Operating profit | $5.3M | -23% | +5% |
| Net earnings | $3.3M | -27% | -26% |
| Operating cash flow | $3.6M | -66% | -59% |
What changed
Revenue was $76.4M in Q1 FY26, up 15% year over year and down 1% from the previous quarter. Service was the largest line at 64% of revenue. Service added $5.4M year over year (up 12%), 55% of the total change.
Gross margin was 33.8%, down 0.2 points from a year earlier. Operating profit was $5.3M, a 7.0% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 8% margin then. Operating expenses grew 17% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+22%). Net earnings were $3.3M, down 26% year over year. The effective tax rate was 28.6%.
Operating cash flow was $3.6M (down 59% year over year), 111% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $4.6M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Transcat's revenue in the first quarter fiscal 2026?
Transcat (TRNS) reported revenue of $76.4M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and -0.9% from the quarter before.
Was Transcat profitable in the first quarter fiscal 2026?
Operating profit was $5.3M (7.0% of revenue) and net earnings $3.3M.
Source: Transcat 10-Q on SEC EDGAR.