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Titan Machinery TITN Q2 2026 earnings

Reported August 27, 2026 · Before market open

Revenue$546.4MBeat by $62.6M
EPS-$0.40Miss by $0.04
Revenue estimate$483.8M
EPS estimate-$0.36
“Our fiscal 2027 second quarter results reflect continued progress on improving inventory health, with equipment margins in our Agriculture segment coming in modestly ahead of our expectations for the quarter, which are helping drive a lift in consolidated gross margin in the face of a difficult revenue environment. At the same time, overall demand across our North American Agriculture business played out largely as we anticipated and fundamentals are suggesting that calendar year 2026 could be the bottom of this cycle. Our team remains focused on the areas within our control and I'm confident that the actions we have taken over the past two years position Titan favorably as agricultural fundamentals eventually recover.”
Bryan Knutson

Next report

Nov 24, 2026 (in 3 months)
Revenue estimate$539.0M
EPS estimate-$0.03

Financials

Q2 2026

Income statement

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Revenue$546.4M-13.8%
Gross profit$93.6M-16.7%
Operating income$662.0K-95.8%
Net income-$6.0M-39.4%
EPS (diluted)-$0.26-36.8%

Balance sheet

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Cash & equivalents$32.7M+4.7%
Total debt$259.5M+52.7%
Total equity$610.3M-7.5%
Total assets$1.9B-15.4%

Cash flow

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Operating cash flow$43.7M+391%
CapEx-—
Free cash flow$43.7M+452%

Valuation & ratios

Valuation

as of 07/31/26
See full
Market cap$445.99M+11.0%
Enterprise value$672.82M+24.4%
P/S0.2×0.0×

Profitability

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Gross margin13.4%-4.9pp
Net margin-2.4%-4.5pp
FCF margin5.1%—

Returns & leverage

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Return on equity-9.6%-19.1pp
Debt / equity0.4×+0.2×
Current ratio1.3×0.0×

Segments

By product

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Equipment$376.3M-19.1%
Parts$109.2M-0.5%
Service$48.8M+3.2%
Rental$9.8M+4.7%
Other Revenue$2.3M+16.6%

By segment

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Agricultural Segment$345.8M-18.5%
Construction$77.8M-6.2%
Construction Segment$72.0M-10.2%

FAQ

When did Titan Machinery report Q2 2026 earnings?
Titan Machinery (TITN) reported Q2 2026 earnings on August 27, 2026 before market open.
What were Titan Machinery's Q2 2026 revenue and EPS?
Titan Machinery reported revenue of $546.4M and eps of $-0.40 for Q2 2026.
Did Titan Machinery beat estimates in Q2 2026?
Revenue beat the consensus estimate of $483.8M by $62.6M. EPS missed the consensus estimate of $-0.36 by $0.04.
How did Titan Machinery's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.0% from $546.4M a year earlier and eps declined 53.8% from $-0.26.
Where can I find Titan Machinery's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-059170) directly on SEC EDGAR. The filing index links above go to sec.gov.