Filing Flows › Toro (TTC) › Q2 FY26
Toro (TTC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 4, 2026
Toro (TTC) reported revenue of $1.4B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +37% from the quarter before. Operating margin was 13.7%, net earnings $145M (10.2% of revenue).
Toro, Q2 FY26: revenue $1.4B (+8% year over year), operating margin 13.7%, net earnings $145M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +37% | +8% |
| Gross profit | $483M | +43% | +11% |
| Operating profit | $195M | +124% | +12% |
| Net earnings | $145M | +114% | +6% |
| Operating cash flow | $267M | +925% | +56% |
| Free cash flow | $251M | 17× | +65% |
What changed
Revenue was $1.4B in Q2 FY26, up 8% year over year and up 37% from the previous quarter. Equipment was the largest line at 92% of revenue. Equipment added $0.11B year over year (up 9%), 103% of the total change. Irrigation declined 3%.
Gross margin was 33.9%, up 0.7 points from Q2 FY25. Operating profit was $0.20B, a 13.7% margin (up 0.4 points year over year). Of the extra revenue versus Q2 FY25, 19% reached operating profit, above the 13% margin then. Operating expenses grew 10% against revenue growth of 8%. Net earnings were $0.15B, up 6% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.27B (up 56% year over year), 184% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.02B left free cash flow of $0.25B.
Questions
What was Toro's revenue in the second quarter fiscal 2026?
Toro (TTC) reported revenue of $1.4B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +37% from the quarter before.
Was Toro profitable in the second quarter fiscal 2026?
Operating profit was $195M (13.7% of revenue) and net earnings $145M.
Source: Toro 10-Q on SEC EDGAR.