Titan Machinery Inc. (TITN) Form 8-K — Aug 27, 2026

$TITNForm 8-KItems 2.02, 9.01Filed Aug 27, 2026, 7:13 AM ET0001628280-26-059170Original filing

Titan Machinery reported fiscal Q2 2027 revenue of $496.4 million, down 9.2% year over year, with a net loss of $9.2 million, or $0.40 per diluted share, compared to a $6.0 million loss, or $0.26 per share, a year ago. Gross margin expanded 150 basis points to 18.6% as continued aged-inventory reduction lifted equipment margins and parts and service mix increased. Agriculture's pre-tax loss narrowed to $3.3 million from $12.3 million, and Construction swung to $0.4 million of pre-tax income on 9.2% same-store sales growth.

Key figures

Eps: -$0.40 diluted loss per share
Revenue: $496.4 million (Q2 FY27, ended July 31, 2026)
Guidance: Reaffirmed FY27: Adjusted EBITDA $17.0-$29.0M; Adjusted net loss ($28.0)-($40.0)M; Adjusted diluted loss per share ($1.25)-($1.75). Updated segment revenue assumptions: Agriculture down 15-20% (unchanged), Construction up 5-10% (raised from flat-up 5%), Europe down 30-40% (cut from down 20-25%), Australia up 15-20% (raised from up 10-15%).
Net Income: -$9.2 million net loss (vs -$6.0 million prior year)
Revenue Yoy: -9.2%
Total Assets: $1,628.5 million
Cash Position: $29.5 million
Inventories: $931.5 million (up $28.4 million vs January 31, 2026)
Gross margin: 18.6% vs 17.1% prior year (+150 bps)
Germany revenue: $53.9 million in FY26; ~$11 million expected in FY27 due to wind-down
Gross profit q2: $92.4 million vs $93.6 million prior year
Six month revenue: $1,018.8 million vs $1,140.8 million prior year (-10.7%)
Adjusted ebitda q2: $4.6 million vs $5.6 million prior year
Floorplan payables: $623.6 million on $1.5 billion total available floorplan and working capital lines
Six month net loss: -$21.8 million vs -$19.2 million prior year
Equipment revenue q2: $328.5 million vs $376.3 million prior year
Europe segment revenue q2: $66.1 million (-32.6% y/y; -33.7% ex-FX; ~$11 million of decline from German wind-down)
Australia segment revenue q2: $41.4 million (+35.5% y/y; +22.5% ex-FX)
Six month operating cash flow: -$25.1 million vs +$49.9 million prior year
Agriculture segment revenue q2: $310.2 million (-10.3% y/y), same-store sales -8.4%
Diluted weighted avg shares q2: 22.961 million
Construction segment revenue q2: $78.6 million (+9.2% y/y, same-store +9.2%)

Price after filing

1 day: 0.0%7 days: +21.4%30 days: +24.9%

Close on the filing date to close N calendar days later (from $18.81). Historical, not a forecast.

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