Filing Flows › Tetra Tech (TTEK) › Q2 FY26
Tetra Tech (TTEK) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 1, 2026
Tetra Tech (TTEK) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), -8% from a year earlier and +0.8% from the quarter before. Operating margin was 10.8%, net earnings $93.8M (7.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +0.8% | -8% |
| Gross profit | $214M | -3% | 0% |
| Operating profit | $132M | -7% | +232% |
| Net earnings | $93.8M | -11% | 17× |
| Operating cash flow | $165M | +129% | — |
| Free cash flow | $159M | +134% | — |
What changed
Revenue was $1.2B in Q2 FY26, down 8% year over year and up 1% from the previous quarter.
Gross margin was 17.5%, up 1.3 points from Q2 FY25. Operating profit was $0.13B, a 10.8% margin (up 7.8 points year over year). Operating expenses fell 53% while revenue fell 8%. Net earnings were $0.09B, up 1638% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.17B, 176% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.01B left free cash flow of $0.16B.
Questions
What was Tetra Tech's revenue in the second quarter fiscal 2026?
Tetra Tech (TTEK) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), -8% from a year earlier and +0.8% from the quarter before.
Was Tetra Tech profitable in the second quarter fiscal 2026?
Operating profit was $132M (10.8% of revenue) and net earnings $93.8M.
Source: Tetra Tech 10-Q on SEC EDGAR.