Reported Q: Q2 2026 Rev YoY: -13.8% EPS YoY: -36.8% Move: +1.55%
Titan Machinery Inc
TITN
$18.99 1.55%
Exchange NASDAQ Sector Industrials Industry Industrial Distribution
Q2 2026
Published: Aug 28, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for TITN

Reported

Report Date

Aug 28, 2025

Quarter Q2 2026

Revenue

546.43M

YoY: -13.8%

EPS

-0.26

YoY: -36.8%

Market Move

+1.55%

Previous quarter: Q1 2026

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Earnings Highlights

  • Revenue of $546.43M down 13.8% year-over-year
  • EPS of $-0.26 decreased by 36.8% from previous year
  • Gross margin of 17.1%
  • Net income of -6.00M
  • ""we are positioned to exceed the $100 million inventory reduction target we set at the beginning of the fiscal year."" - Bryan J. Knutson
TITN
Company TITN

Executive Summary

Titan Machinery reported Q2 FY2026 results reflecting a challenging macro backdrop in the agricultural equipment cycle, with a 14% year-over-year revenue decline and a net loss of $6.0 million (-$0.26 per share). The quarter underscored the company’s disciplined inventory-reduction program and a strategic shift toward inventory and service-led profitability, supported by a sizable contribution from parts and service (over half of gross profit despite ~1/4 of revenue). Management reiterated its inventory-reduction target of $100 million for the year and signaled the potential to exceed it, with the bulk of progress expected into the fiscal year-end. Europe remained a bright spot, driven by Romania and EU stimulus programs, while domestic Ag exposures remained structurally weaker due to farm-income and policy uncertainty. The company guided toward a mid-single-digit equipment-margin run-rate for the full year (about 6.6% total equipment margin, with domestic Agriculture margins around ~3.8%), implying meaningful margin recovery into FY2027 as inventory health improves and pricing discipline normalizes. The results and commentary point to a bifurcated thesis: near-term earnings softness from cyclicality and inventory overhang, but a pathway to improved profitability and cash-generation as the cycle normalizes and presales discipline takes hold.

Key Performance Indicators

Revenue
Decreasing
546.43M
QoQ: -8.06% | YoY: -13.77%
Gross Profit
Decreasing
93.65M
17.14% margin
QoQ: 2.98% | YoY: -16.67%
Operating Income
Decreasing
662.00K
QoQ: 111.54% | YoY: -95.80%
Net Income
Decreasing
-6.00M
QoQ: 54.56% | YoY: -39.41%
EPS
Decreasing
-0.26
QoQ: 55.17% | YoY: -36.84%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 546.43 -0.26 -13.8% View
Q1 2026 594.34 -0.58 -5.5% View
Q4 2025 759.92 -1.93 -10.8% View
Q3 2025 679.82 0.08 -2.1% View
Q2 2025 633.67 -0.19 -1.4% View