Filing Flows › Tetra Tech (TTEK) › Q2 FY26 › vs Q1 FY26
Tetra Tech (TTEK) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Tetra Tech's revenue rose $9.5M (+0.8%) from $1.2B in Q1 FY26 to $1.2B in Q2 FY26. Gross margin 17.5% against 18.2% (-0.7 pts).
Tetra Tech, Q2 FY26: revenue $1.2B (-8% year over year), operating margin 10.8%, net earnings $93.8M, operating cash flow $165M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 17.5% | 18.2% | -0.7 pts |
| Operating margin | 10.8% | 11.6% | -0.9 pts |
| Net margin | 7.7% | 8.7% | -1.0 pts |
| Free cash flow margin | 13.1% | 5.6% | +7.4 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $9.5M | +0.8% |
| Gross profit | $214M | $220M | −$6.3M | -3% |
| Cost of revenue | $1.0B | $990M | $15.8M | +2% |
| Operating profit | $132M | $141M | −$9.5M | -7% |
| Operating expenses | $82.6M | $79.4M | $3.2M | +4% |
| Pre-tax earnings | $127M | $142M | −$14.2M | -10% |
| Other expense, net | $4.2M | −$582K | $4.8M | — |
| Net earnings | $93.8M | $105M | −$11.4M | -11% |
| Income tax | $33.5M | $36.4M | −$2.8M | -8% |
| Depreciation & amortization | $14.3M | $14.0M | $345K | +2% |
| Share-based compensation | $9.5M | $8.2M | $1.3M | +16% |
| Working capital & other | $47.7M | −$55.1M | $103M | — |
| Operating cash flow | $165M | $72.3M | $93.1M | +129% |
| Free cash flow (OCF − capex) | $159M | $68.1M | $91.2M | +134% |
| Capital expenditures | $6.0M | $4.2M | $1.8M | +44% |
Questions
How much did Tetra Tech's revenue grow quarter over quarter in Q2 FY26?
Tetra Tech's revenue rose $9.5M (+0.8%) from $1.2B in Q1 FY26 to $1.2B in Q2 FY26. Gross margin 17.5% against 18.2% (-0.7 pts).