Filing Flows › Smith A O (AOS) › Q2 2026 › vs Q1 2026
Smith A O (AOS) Q2 2026 vs Q1 2026 (quarter over quarter)
Smith A O's revenue rose $58.7M (+6%) from $946M in Q1 2026 to $1.0B in Q2 2026. The biggest changes: North America +$67.4M (+9%); Rest of World −$8.7M (-4%). Gross margin 38.6% against 38.7% (-0.1 pts).
Smith A O, Q2 2026: revenue $1.0B (-0.7% year over year), operating margin 16.5%, net earnings $125M, operating cash flow $124M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.6% | 38.7% | -0.1 pts |
| Operating margin | 16.5% | 17.1% | -0.6 pts |
| Net margin | 12.4% | 12.5% | -0.0 pts |
| Free cash flow margin | 11.4% | 12.6% | -1.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| North America | $816M | $749M | $67.4M | +9% |
| Rest of World | $188M | $197M | −$8.7M | -4% |
| Revenue | $1.0B | $946M | $58.7M | +6% |
| Gross profit | $388M | $366M | $22.1M | +6% |
| Cost of revenue | $616M | $580M | $36.6M | +6% |
| Operating profit | $166M | $162M | $4.3M | +3% |
| Operating expenses | $222M | $204M | $17.8M | +9% |
| Pre-tax earnings | $158M | $155M | $3.3M | +2% |
| Other expense, net | $8.1M | $7.1M | $1.0M | +14% |
| Net earnings | $125M | $118M | $6.9M | +6% |
| Income tax | $33.1M | $36.7M | −$3.6M | -10% |
| Depreciation & amortization | $24.6M | $23.9M | $700K | +3% |
| Share-based compensation | $2.7M | $6.6M | −$3.9M | -59% |
| Working capital & other | $27.8M | $19.1M | $8.7M | +46% |
| Operating cash flow | $124M | $129M | −$5.0M | -4% |
| Free cash flow (OCF − capex) | $114M | $119M | −$4.5M | -4% |
| Capital expenditures | $10.0M | $10.5M | −$500K | -5% |
Questions
How much did Smith A O's revenue grow quarter over quarter in Q2 2026?
Smith A O's revenue rose $58.7M (+6%) from $946M in Q1 2026 to $1.0B in Q2 2026.
What drove Smith A O's revenue change in Q2 2026?
North America +$67.4M (+9%); Rest of World −$8.7M (-4%).