Filing Flows › Transcat (TRNS) › Q1 FY27
Transcat (TRNS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 4, 2026
Transcat (TRNS) reported revenue of $92.9M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and +4% from the quarter before. Operating margin was 4.0%, net earnings $1.3M (1.4% of revenue).
Transcat, Q1 FY27: revenue $92.9M (+22% year over year), operating margin 4.0%, net earnings $1.3M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.9M | +4% | +22% |
| Gross profit | $30.7M | +0.9% | +19% |
| Operating profit | $3.7M | -14% | -30% |
| Net earnings | $1.3M | -32% | -59% |
| Operating cash flow | $8.8M | +42% | +143% |
| Free cash flow | $4.8M | +85% | — |
What changed
Revenue was $92.9M in Q1 FY27, up 22% year over year and up 4% from the previous quarter. Service Revenue was the largest line at 67% of revenue. Service Revenue added $13.4M year over year (up 27%), 81% of the total change.
Gross margin was 33.1%, down 0.7 points from Q1 FY26. Operating profit was $3.7M, a 4.0% margin (down 3.0 points year over year). Operating profit fell $1.6M even though revenue rose $16.5M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 32% against revenue growth of 22%. The fastest-growing cost line was General & admin (+43%). Net earnings were $1.3M, down 59% year over year. The effective tax rate was 39.1%.
Operating cash flow was $8.8M (up 143% year over year), 662% of net earnings. Non-cash charges added back $7.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $4.0M left free cash flow of $4.8M.
Questions
What was Transcat's revenue in the first quarter fiscal 2027?
Transcat (TRNS) reported revenue of $92.9M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and +4% from the quarter before.
Was Transcat profitable in the first quarter fiscal 2027?
Operating profit was $3.7M (4.0% of revenue) and net earnings $1.3M.
Source: Transcat 10-Q on SEC EDGAR.