Filing Flows › Toro (TTC) › Q3 FY26
Toro (TTC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Sep 3, 2026
Toro (TTC) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and -14% from the quarter before. Operating margin was 9.4%, net earnings $77.0M (6.3% of revenue).
Toro, Q3 FY26: revenue $1.2B (+8% year over year), operating margin 9.4%, net earnings $77.0M, operating cash flow $183M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -14% | +8% |
| Gross profit | $418M | -13% | +10% |
| Operating profit | $115M | -41% | +78% |
| Net earnings | $77.0M | -47% | +44% |
| Operating cash flow | $183M | -32% | -19% |
| Free cash flow | $160M | -36% | -23% |
What changed
Revenue was $1.2B in Q3 FY26, up 8% year over year and down 14% from the previous quarter. Equipment was the largest line at 90% of revenue. Equipment added $0.09B year over year (up 9%), 94% of the total change.
Gross margin was 34.1%, up 0.4 points from Q3 FY25. Operating profit was $0.12B, a 9.4% margin (up 3.7 points year over year). Of the extra revenue versus Q3 FY25, 53% reached operating profit, above the 6% margin then. Operating expenses fell 4% while revenue rose 8%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.08B, up 44% year over year. The effective tax rate was 28.0%.
Operating cash flow was $0.18B (down 19% year over year), 237% 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 added $0.07B. Capital expenditures of $0.02B left free cash flow of $0.16B.
Questions
What was Toro's revenue in the third quarter fiscal 2026?
Toro (TTC) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and -14% from the quarter before.
Was Toro profitable in the third quarter fiscal 2026?
Operating profit was $115M (9.4% of revenue) and net earnings $77.0M.
Source: Toro 10-Q on SEC EDGAR.