Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2026

$TITNPress releaseJun 9, 2026, 6:45 AM ETRead the release

Titan Machinery reported Q1 FY27 revenue of $522.4 million, a 12.1% year-over-year decline, driven by softening demand in agriculture and Europe. Despite the top-line drop, gross margin expanded to 17.1% from 15.3% last year, aided by inventory optimization and a higher mix of parts and service revenue.

Key figures

Revenue: 522381000
Guidance: FY27 Adjusted EBITDA $17.0M-$29.0M; Adjusted Net Loss ($28.0M)-($40.0M); Ag Rev Down 15-20%; Const Rev Flat-Up 5%; Europe Rev Down 20-25%; Aus Rev Up 10-15%
Revenue Yoy: -12.1%
Cash: 29578000
Gross margin: 17.1%
Gross profit: 89283000
Adjusted ebitda: 959000
Total inventory: 914825000
Floorplan payables: 588992000
Operating expenses: 94382000

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