Titan Reports Q2 Earnings
Titan Machinery Inc. reported fiscal Q2 2026 revenue of $546.4M, down from $633.7M year-over-year. Â鶹app sales fell to $376.3M, while parts, service, and rental revenue remained stable. Gross profit declined to $93.6M with a margin of 17.1%, impacted by softer demand and inventory management.
Operating expenses dropped to $92.7M. Net loss was $6.0M ($0.26/share), compared to $4.3M ($0.19/share) last year. CEO Bryan Knutson emphasized inventory optimization and expects to exceed the $100M reduction target by year-end. Parts and service continue to provide stability amid a challenging equipment cycle.
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