Taylor Devices FY26 net income drops 15% to $425,000; net revenue falls 10% to $41.65 million
TAYD•Expense trends
Research and development costs climbed 75% to USD 776,000, while selling, general and administrative expenses declined 10% to USD 10.23 million.
Fiscal 2026 results
Taylor Devices posted net revenue of USD 41.65 million in fiscal 2026, down 10% year over year. Net income dropped 15% to USD 425,000.
Operating income fell 24% to USD 7.34 million, while gross margin narrowed 2 percentage points to 44%.
Backlog and order mix
Backlog rose to USD 52.8 million, with 92% tied to aerospace and defense orders. A USD 19 million non-project order runs through fiscal 2030.
