Benjamin Klieve

Edward Jackson

Mircea Dobre

Matthew Raab

Liam Burke

Min Chung Cho

- Titan Machinery reported a **net loss of $6 million** or **$0.26 per diluted share** for Q2 2026, compared to an adjusted net income of **$4 million** or **$0.17 per diluted share** in the prior year period.  **[1409171_tx_349335_3]**  Total revenue decreased **14%** to **$546.4 million**.  **[1409171_tx_349335_3]** 
- The company narrowed its adjusted diluted loss per share guidance for fiscal year 2026 to a range of **$1.5 to $2**.  **[1409171_tx_349335_4]** 
- Titan Machinery is confident it will exceed its **$100 million** inventory reduction target for the full year, having already achieved a cumulative equipment inventory reduction of **$365 million** from peak levels in Q2 of the prior year.  **[1409171_tx_349335_1]** **[1409171_tx_349335_3]** 
- Equipment margins are expected to remain subdued through fiscal 2026, with the full year consolidated equipment margin now projected at approximately **6.6%**, a **100 basis point** decrease from previous expectations.  **[1409171_tx_349335_1]** **[1409171_tx_349335_4]**

Titan Machinery (TITN)