ESCO Technologies 2Q 2026: Revenue $309.34M, EPS $1.34— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.ESCO Technologies reported a strong second quarter for 2026, with revenue reaching $309.34 million and diluted EPS of $1.34, marking a 33.5% increase year-over-year. The growth was driven by robust demand in the aerospace & defense and Test segments, alongside contributions from maritime activities. Orders rose to $378 million, boosting backlog to $1.47 billion. The company also announced a strategic acquisition of Megger for $2.35 billion, expected to close in Q1 FY2027.
ESCO Technologies reported second-quarter 2026 results with revenue rising to $309.34M and diluted EPS of $1.34, driven by strong demand in aerospace & defense and Test segments and contributions from recent maritime-related activity.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $309.34M | $231.78M | 33.5% |
| Net income² | $34.73M | $31.03M | 11.9% |
| Diluted EPS³ | $1.34 | $1.2 | 11.7% |
¹ Reported as “Net sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth: Net sales rose about 33% year-over-year in Q2 and roughly 34% in the first half, led by strong performance in the A&D and Test segments.
- Orders and backlog: Q2 orders increased to $378M from $266M a year earlier; first-half orders were $935M, lifting backlog to $1.47B.
- Channel and acquisition impact: Maritime acquisition drove significant navy and maritime revenue gains and contributed to backlog expansion.
- Margins and operations: EBIT margins improved across segments through volume leverage and pricing, helping offset inflationary pressures.
- Strategic move: Company signed a definitive agreement to acquire Megger for about $2.35B, expected to close in Q1 FY2027, which would join the USG portfolio.
Original SEC Filing: ESCO TECHNOLOGIES INC [ ESE ] - 10-Q - May. 11, 2026