TechPrecision Corporation reported second‑quarter fiscal 2026 results that marked a turnaround from the prior year’s loss. Revenue rose 2% to $9.1 million, up from $8.9 million in the same period a year earlier. Net income flipped to $0.8 million, a swing from a $0.6 million loss in Q2 FY25, and earnings per share settled at $0.08.
The company’s two operating segments delivered divergent outcomes. Ranor generated $4.4 million in revenue and an operating profit of $1.6 million, while Stadco produced $4.8 million in revenue but an operating loss of $0.5 million. Despite Stadco’s loss, the consolidated gross margin climbed to 27% from 14% in the prior quarter, driven by a favorable project mix and tighter cost control across both segments.
Management highlighted the margin expansion as a key driver. CEO Alexander Shen noted that “both Ranor and Stadco executed on a favorable project mix and improved gross margins and gross profit in the second quarter.” CFO Phillip Podgorski added that “consolidated cost of revenue decreased by 16% or $1.3 million as throughput and customer mix improved at both segments.” These statements underscore the company’s focus on operational efficiency and pricing power.
The company’s backlog reached $47.8 million as of September 30, 2025, reflecting sustained demand in the defense sector. While the company did not revise its full‑year guidance, the strong backlog and margin improvement signal confidence in maintaining profitability and pursuing additional defense contracts.
Investors responded positively to the results, citing the return to profitability, the 13‑percentage‑point margin expansion, and the robust backlog as key factors that reinforce TechPrecision’s competitive position in the defense supply chain.
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