Filing Flows › Transcat (TRNS) › Q2 FY27
Transcat (TRNS) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 3, 2026
Transcat (TRNS) reported revenue of $97.1M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +4% from the quarter before. Operating margin was 5.2%, net earnings $2.4M (2.5% of revenue).
Transcat, Q2 FY27: revenue $97.1M (+18% year over year), operating margin 5.2%, net earnings $2.4M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97.1M | +4% | +18% |
| Gross profit | $32.6M | +6% | +22% |
| Operating profit | $5.0M | +35% | +44% |
| Net earnings | $2.4M | +81% | +90% |
| Operating cash flow | $10.1M | +15% | -21% |
| Free cash flow | $6.1M | +25% | -28% |
What changed
Revenue was $97.1M in Q2 FY27, up 18% year over year and up 4% from the previous quarter. Service Revenue was the largest line at 67% of revenue. Service Revenue added $11.9M year over year (up 23%), 81% of the total change.
Gross margin was 33.6%, up 1.1 points from Q2 FY26. Operating profit was $5.0M, a 5.2% margin (up 0.9 points year over year). Of the extra revenue versus Q2 FY26, 10% reached operating profit, above the 4% margin then. Operating expenses grew 19% against revenue growth of 18%. The fastest-growing cost line was General & admin (+25%). Net earnings were $2.4M, up 90% year over year. The effective tax rate was 24.1%.
Operating cash flow was $10.1M (down 21% year over year), 421% of net earnings. Non-cash charges added back $6.8M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $4.1M left free cash flow of $6.1M.
Questions
What was Transcat's revenue in the second quarter fiscal 2027?
Transcat (TRNS) reported revenue of $97.1M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +4% from the quarter before.
Was Transcat profitable in the second quarter fiscal 2027?
Operating profit was $5.0M (5.2% of revenue) and net earnings $2.4M.
Source: Transcat 10-Q on SEC EDGAR.