Filing Flows › Toro (TTC) › Q1 FY26
Toro (TTC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 5, 2026
Toro (TTC) reported revenue of $1.0B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -3% from the quarter before. Operating margin was 8.4%, net earnings $67.9M (6.6% of revenue).
Toro, Q1 FY26: revenue $1.0B (+4% year over year), operating margin 8.4%, net earnings $67.9M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -3% | +4% |
| Gross profit | $336M | -4% | +0.3% |
| Operating profit | $87.1M | -6% | +12% |
| Net earnings | $67.9M | -7% | +29% |
| Operating cash flow | $26.1M | -92% | — |
| Free cash flow | $14.6M | -95% | — |
What changed
Revenue was $1.0B in Q1 FY26, up 4% year over year and down 3% from the previous quarter. Equipment was the largest line at 90% of revenue. Equipment added $0.05B year over year (up 5%), 117% of the total change. Irrigation declined 6%.
Gross margin was 32.5%, down 1.3 points from a year earlier. Operating profit was $0.09B, a 8.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 8% margin then. Operating expenses fell 3% while revenue rose 4%. Net earnings were $0.07B, up 29% year over year. The effective tax rate was 21.9%.
Operating cash flow was $0.03B, 38% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.01B left free cash flow of $0.01B.
Questions
What was Toro's revenue in the first quarter fiscal 2026?
Toro (TTC) reported revenue of $1.0B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -3% from the quarter before.
Was Toro profitable in the first quarter fiscal 2026?
Operating profit was $87.1M (8.4% of revenue) and net earnings $67.9M.
Source: Toro 10-Q on SEC EDGAR.