Filing Flows › Andersons (ANDE) › Q2 2026 › vs Q1 2026
Andersons (ANDE) Q2 2026 vs Q1 2026 (quarter over quarter)
Andersons's revenue rose $470M (+18%) from $2.6B in Q1 2026 to $3.1B in Q2 2026. Gross margin 7.2% against 6.1% (+1.1 pts).
Andersons, Q2 2026: revenue $3.1B (-1% year over year), operating margin 2.2%, net earnings $56.6M, operating cash flow $488M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 7.2% | 6.1% | +1.1 pts |
| Operating margin | 2.2% | 1.3% | +0.9 pts |
| Net margin | 1.8% | 1.3% | +0.6 pts |
| Free cash flow margin | 13.3% | -17.0% | +30.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.1B | $2.6B | $470M | +18% |
| Gross profit | $224M | $161M | $63.1M | +39% |
| Cost of revenue | $2.9B | $2.5B | $407M | +17% |
| Operating profit | $67.3M | $33.9M | $33.4M | +99% |
| Operating expenses | $156M | $127M | $29.7M | +23% |
| Pre-tax earnings | $67.3M | $33.9M | $33.4M | +99% |
| Loss borne by minority interests | $2.6M | $3.9M | −$1.2M | -32% |
| Net earnings | $56.6M | $33.2M | $23.4M | +70% |
| Income tax | $13.4M | $4.6M | $8.8M | +194% |
| Depreciation & amortization | $34.6M | $34.1M | $522K | +2% |
| Working capital & other | $397M | −$461M | $858M | — |
| Operating cash flow | $488M | −$394M | $882M | — |
| Free cash flow (OCF − capex) | $412M | −$445M | $858M | — |
| Capital expenditures | $75.6M | $51.7M | $23.9M | +46% |
Questions
How much did Andersons's revenue grow quarter over quarter in Q2 2026?
Andersons's revenue rose $470M (+18%) from $2.6B in Q1 2026 to $3.1B in Q2 2026. Gross margin 7.2% against 6.1% (+1.1 pts).