Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2026
Titan Machinery reported fiscal Q2 revenue of $496.4 million, down 9.2% from the prior year, while gross margin expanded 150 basis points to 18.6% due to improved inventory management. The company recorded a net loss of $9.2 million, or $0.40 per share, compared to a net loss of $6.0 million, or $0.26 per share, in the same period last year, with adjusted EBITDA coming in at $4.6 million.
Key figures
- Revenue
- 496400000
- Guidance
- Fiscal 2027 Adjusted EBITDA $17.0M - $29.0M, Adjusted Diluted Loss Per Share ($1.25) - ($1.75)
- Revenue Yoy
- -9.2%
- Net loss
- 9200000
- Gross margin
- 18.6%
- Adjusted ebitda
- 4600000
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