NYSE$TTC

The Toro Company · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

The Toro Company reported strong second-quarter fiscal 2026 results with broad-based demand and margin expansion, exceeding expectations and raising full-year guidance.

Net sales increased 8.1% to $1.42 billion driven by professional segment growth and price realization. Reported EPS rose 9.5% to $1.50 while adjusted EPS grew 12.7% to $1.60, supported by productivity gains and operating leverage. The company returned $228 million to shareholders and raised full-year net sales and adjusted EPS guidance.

  • Net sales grew 8.1% year-over-year to $1.42 billion, led by 9.1% professional segment growth.
  • Reported diluted EPS increased 9.5% to $1.50 and adjusted EPS rose 12.7% to $1.60.
  • Gross margin expanded to 33.9% and adjusted operating margin reached 14.4%.
  • Full-year net sales growth guidance raised to 4.0%-6.5% and adjusted EPS to $4.50-$4.62.

Headline financials

Total Revenue

$1.42B

Previous: $1.32B+8.1%
EPS (adj)

$1.60

Previous: $1.37+16.8%
Adjusted Effective Tax Rate

21.7%

No prior period
Gross Margin

33.9%

No prior period
Adjusted Operating Margin

14.4%

No prior period
Capital Expenditures

-$28M

Previous: -$38.4M+27.1%
Free Cash Flow

$266M

Previous: $84.7M+213.5%
Net Income

$145M

Previous: $137M+6.3%
Operating Income

$195M

Previous: $175M+11.6%
Gross Profit

$483M

Previous: $437M+10.5%
Cash & Equivalents

$180M

No prior period
Total Assets

$3.71B

Previous: $3.79B-2.2%

Revenue & EPS history

Toro · Revenue · Quarterly

$1.42B

Q2 2026+8.1%vs Q2 2025
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Toro · $1.42B total across 3 segments · Q2 2026

  • Professional
    $1.11B
  • Residential
    $310M
  • Other
    $7.7M

Forward guidance

The company raised full-year net sales growth guidance to 4.0% to 6.5% and adjusted EPS to $4.50 to $4.62, citing strong demand and margin initiatives amid persistent inflation.

Tailwinds

  • Strong demand in underground construction, landscape contractor, and golf markets
  • Continued margin expansion from operational execution and price realization
  • Robust free cash flow supporting shareholder returns

Headwinds

  • Persistent and dynamic inflationary environment
  • Macroeconomic and geopolitical headwinds

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.4%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-1.3%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+20.5%

Q2 2024

Best reaction

-17.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-2.4%+0.8%
Q1 2026-2.1%-1.8%-8.0%
Q4 2025+10.7%+8.0%+23.3%
Q3 2025-0.0%-2.2%-4.6%
Q2 2025+2.4%+3.1%+8.4%
Q1 2025-4.9%-3.3%-15.7%
Q4 2024-4.9%-6.0%-2.2%
Q3 2024-9.8%-9.0%-7.7%
Q2 2024+20.5%+19.8%+10.7%
Q1 2024-4.8%-5.9%-7.4%
Q4 2023+11.6%+10.7%+4.0%
Q3 2023-17.4%-17.4%-15.4%
Q2 2023-7.6%-6.3%-3.3%
Q1 2023-3.5%-2.4%-10.8%
Q4 2022-0.8%+0.9%-2.3%
Q3 2022-0.3%+2.6%+4.3%
Q2 2022+6.6%+7.7%-5.0%
Q1 2022-6.7%-14.6%-10.6%
Q4 2021+0.9%-4.9%+0.2%
Q3 2021+1.2%-1.4%-9.5%
Q2 2021-4.2%-2.8%+1.2%
Q1 2021-1.7%-2.7%+5.1%
Q4 2020+0.8%+1.7%+5.2%
Q3 2020+2.6%+2.4%+8.0%
Q2 2020+2.1%+1.4%-6.4%
Q1 2020-2.4%-4.7%-19.3%
Q4 2019-5.4%-1.6%+2.7%
Q3 2019-1.2%-1.7%+0.5%
Q2 2019-6.5%-7.9%-1.4%
Q1 2019+3.3%+2.6%+9.5%
Q4 2018-1.8%-2.9%-5.1%
Q3 2018-2.9%-0.9%+1.1%
Q2 2018+0.8%+0.2%-1.0%
Q1 2018+2.4%+3.3%-3.9%
Q4 2017+2.9%+0.8%+4.1%
Q3 2017-10.8%-12.6%-10.7%
Q2 2017+0.4%+1.2%+5.5%
Q1 2017-1.0%-0.8%+0.4%
Q4 2016+3.9%+1.5%+5.0%
Q3 2016+3.8%+5.0%+0.2%
Q2 2016-3.4%
Q1 2016+5.3%
Q4 2015+0.7%
Q3 2015-0.7%
Q2 2015+0.5%
Q1 2015-1.5%
Q4 2014-6.0%
Q3 2014+2.4%
Q2 2014+2.4%
Q1 2014-0.3%
Q4 2013-1.2%
Q3 2013+10.0%
Q2 2013+2.5%
Q1 2013-0.4%
Q4 2012-6.6%
Q3 2012+1.2%
Q2 2012-1.2%
Q1 2012+1.1%
Q4 2011+1.7%
Q3 2011-4.5%
Q2 2011-2.5%
Q1 2010-2.8%
Q1 2011-1.6%
Q4 2008-1.7%
Q4 2010-1.7%
Q2 2010-1.7%
Q4 2009+2.8%
Q3 2010+2.8%
Q3 2009+2.8%

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