EnerSys (ENS) Q2 FY2027 earnings: revenue $950 million, down 0.1% on the year

EnerSys (ENS) reported revenue of $950 million for Q2 FY2027, the quarter ended 4 October 2026, down 0.1% on the same quarter a year earlier. Net income was $90 million, up 30.9% on the year, and diluted earnings per share $2.42. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue

$950 million

-0.1% on the year · +1.5% on the quarter

Q3 FY2025Q2 FY2027

Operating margin

12.2%

9.7% a year earlier

Q3 FY2025Q2 FY2027

Net income

$90 million

+30.9% on the year · -23.1% on the quarter

Q3 FY2025Q2 FY2027

Diluted EPS

$2.42

+34.4% on the year · -21.7% on the quarter

Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new, 1 kept.

Net sales down 0.1% on currency: Net sales were $949.9 million, down 0.1% from $951.3 million and below the $955 million to $995 million guidance range. Management attributed the gap to foreign currency translation.
Adjusted diluted EPS rose to $3.22: Diluted EPS was $2.42, up from $1.80. Adjusted diluted EPS was $3.22, up from $2.65 and within the $3.15 to $3.25 guidance range.
Precision Power Solutions sales up 21%: Precision Power Solutions net sales rose 21.0% to $103.8 million, with adjusted operating margin of 21.9%. Management cited soldier power and munitions demand.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2027	Q1 FY2027	Q2 FY2026	On the quarter	On the year
Revenue	950	936	951	+1.5%	-0.1%
Cost of revenue	664	622	674	+6.8%	-1.4%
Gross profit	284	313	277	-9.3%	+2.6%
Gross margin	29.9%	33.5%	29.1%
Operating income	115	151	92.0	-23.7%	+25.5%
Operating margin	12.2%	16.2%	9.7%
Interest expense	10.1	10.6	12.2	-4.9%	-17.2%
Pre-tax income	103	135	76.5	-24.1%	+34.1%
Income tax	13.0	18.6	8.1	-30.2%	+61.0%
Effective tax rate	12.6%	13.7%	10.5%
Net income	89.6	116	68.4	-23.1%	+30.9%
Net margin	9.4%	12.4%	7.2%
Diluted EPS	$2.42	$3.09	$1.80	-21.7%	+34.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2027	Q1 FY2027	Q2 FY2026	On the quarter	On the year
Operating cash flow	143	230	218	-38.0%	-34.6%
Capital expenditure	12.4	12.4	20.9	-0.2%	-40.7%
Free cash flow	130	218	197	-40.2%	-33.9%
Free cash flow margin	13.7%	23.3%	20.7%
Cash from investing	-12.3	-12.3	-21.0
Cash from financing	-380	-124	-154
Depreciation and amortisation	28.9	30.5	28.0	-5.3%	+3.1%
Share-based compensation	6.3	7.8	4.4	-18.4%	+43.2%
Buybacks	130	50.0	67.8	+160.3%	+91.9%
Dividends paid	10.3	9.6	9.8	+7.8%	+5.0%
Dividend per share	$0.29	$0.26	$0.26	+9.5%	+9.5%
Diluted shares, weighted	37m	38m	38m	-1.8%	-2.7%
Shares outstanding at period end	36m	36m	37m	-1.3%	-3.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2027	Q1 FY2027	Q2 FY2026	On the quarter	On the year
Shareholders' equity	1,906	1,970	1,864	-3.2%	+2.3%
Non-controlling interest	3.7	3.6	3.5	+1.2%	+6.4%
Debt	815	1,039	1,213	-21.6%	-32.8%
Other liabilities	974	944	992	+3.1%	-1.8%
Total liabilities and equity	3,698	3,957	4,072	-6.5%	-9.2%
Fixed assets	561	572	608	-2.0%	-7.6%
Goodwill	744	748	754	-0.5%	-1.3%
Intangible assets	326	334	360	-2.4%	-9.4%
Cash and equivalents	276	531	389	-48.1%	-29.1%
Receivables	448	455	571	-1.4%	-21.4%
Inventory	753	739	805	+2.0%	-6.4%
Other assets	590	578	586	+2.0%	+0.6%
Total assets	3,698	3,957	4,072	-6.5%	-9.2%

Questions

What was EnerSys' revenue in Q2 FY2027?

EnerSys (ENS) reported revenue of $950 million for Q2 FY2027, the quarter ended 4 October 2026, down 0.1% on the same quarter a year earlier.

How much did EnerSys earn in Q2 FY2027?

Net income for Q2 FY2027 was $90 million, up 30.9% on the year, and diluted earnings per share $2.42.

When did EnerSys report Q2 FY2027 results?

EnerSys filed its 10-Q for the quarter ended 4 October 2026 with the SEC on 12 November 2026.

Quarterly results, the last 20 quarters

	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	844	907	899	899	920	990	909	901	862	911	853	884	906	975	893	951	919	988	936	950
Cost of revenue	n/a	n/a	713	703	0.0	1,451	665	661	597	655	615	630	607	670	640	674	642	696	622	664
Gross profit	184	195	186	195	214	246	240	240	249	254	238	252	298	304	253	277	276	291	313	284
Gross margin	22%	21%	21%	22%	23%	25%	26%	27%	29%	28%	28%	29%	33%	31%	28%	29%	30%	29%	33%	30%
Operating income	51.2	44.5	50.1	54.3	78.5	95.4	89.4	88.6	92.6	80.9	91.3	99.4	143	131	86.5	92.0	124	124	151	115
Operating margin	6%	5%	6%	6%	9%	10%	10%	10%	11%	9%	11%	11%	16%	13%	10%	10%	14%	13%	16%	12%
Interest expense	9.7	9.4	11.6	15.5	17.5	15.0	15.2	12.2	11.7	10.8	11.0	12.5	14.9	12.8	11.3	12.2	14.1	12.9	10.6	10.1
Pre-tax income	42.8	38.9	36.8	40.3	57.8	75.8	73.5	73.4	78.7	66.6	79.3	84.2	127	116	65.7	76.5	106	99.1	135	103
Tax rate	15%	28%	16%	14%	23%	13%	9%	11%	3%	9%	12%	2%	9%	17%	12%	11%	15%	22%	14%	13%
Net income	36.3	28.1	31.0	34.5	44.4	66.0	66.8	65.2	76.2	60.9	70.1	82.3	115	96.5	57.5	68.4	90.4	77.3	116	89.6
Net margin	4%	3%	3%	4%	5%	7%	7%	7%	9%	7%	8%	9%	13%	10%	6%	7%	10%	8%	12%	9%
Diluted EPS	$0.85	$0.68	$0.75	$0.84	$1.08	$1.59	$1.60	$1.56	$1.86	$1.48	$1.71	$2.01	$2.88	$2.41	$1.46	$1.80	$2.40	$2.05	$3.09	$2.42
Operating cash flow	-12.5	12.4	-71.9	1.6	206	144	74.9	111	135	137	10.4	33.6	81.1	135	1.0	218	185	144	230	143
Capital expenditure	17.7	21.7	23.0	16.6	17.9	31.3	16.1	19.8	23.2	27.4	36.1	30.3	24.3	30.3	33.0	20.9	13.3	12.8	12.4	12.4
Free cash flow	-30.2	-9.2	-94.9	-15.0	188	113	58.9	91.0	111	109	-25.7	3.3	56.8	105	-32.1	197	171	131	218	130
Buybacks	115	-21.2	22.9	0.0	0.0	0.0	0.0	47.3	35.0	13.4	11.6	63.5	38.7	40.0	150	67.8	83.6	69.3	50.0	130
Dividends paid	7.3	7.2	7.1	7.1	7.1	7.2	7.2	9.2	9.1	9.1	9.0	9.6	9.5	9.4	9.1	9.8	9.6	9.6	9.6	10.3
Shares outstanding	42m	41m	41m	41m	41m	41m	41m	41m	40m	40m	40m	40m	39m	39m	37m	37m	37m	36m	36m	36m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 4 October 2026, filed 12 November 2026: the filing.