Titan Machinery Q2 revenue falls 9.2% to $496.4 million as net loss widens
Titan Machinery reported fiscal second-quarter revenue of $496.4 million, down from $546.4 million a year earlier, and a net loss of $9.2 million, or $0.40 per diluted share, versus a $6.0 million loss, or $0.26 per share, last year. The company reaffirmed its fiscal 2027 profitability outlook but cut its Europe segment revenue assumption, so weaker sales and losses point to pressure on shareholder returns.
Key points
- Gross profit margin rose to 18.6% from 17.1%, but gross profit slipped to $92.4 million from $93.6 million.
- Adjusted EBITDA was $4.6 million, compared with $5.6 million a year earlier.
- Europe fiscal 2027 revenue assumption was revised to down 30% to 40%, from down 20% to 25%; the company reaffirmed adjusted EBITDA of $17.0 million to $29.0 million.
- Net cash used for operating activities was $25.1 million for the six months ended July 31, 2026, compared with $49.9 million provided a year earlier.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.