Filing Flows › Smith A O (AOS) › Q2 2026 › vs Q2 2025
Smith A O (AOS) Q2 2026 vs Q2 2025 (year over year)
Smith A O's revenue fell $7.0M (-0.7%) from $1.0B in Q2 2025 to $1.0B in Q2 2026. The biggest changes: Rest of World −$49.3M (-21%); North America +$42.3M (+5%). Gross margin 38.6% against 39.3% (-0.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.6% | 39.3% | -0.7 pts |
| Operating margin | 16.5% | 20.4% | -3.9 pts |
| Net margin | 12.4% | 15.0% | -2.6 pts |
| Free cash flow margin | 11.4% | 12.1% | -0.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| North America | $816M | $774M | $42.3M | +5% |
| Rest of World | $188M | $237M | −$49.3M | -21% |
| Revenue | $1.0B | $1.0B | −$7.0M | -0.7% |
| Gross profit | $388M | $397M | −$9.3M | -2% |
| Cost of revenue | $616M | $614M | $2.3M | +0.4% |
| Operating profit | $166M | $206M | −$40.1M | -19% |
| Operating expenses | $222M | $191M | $30.8M | +16% |
| Pre-tax earnings | $158M | $202M | −$43.6M | -22% |
| Other expense, net | $8.1M | $4.6M | $3.5M | +76% |
| Net earnings | $125M | $152M | −$27.3M | -18% |
| Income tax | $33.1M | $49.4M | −$16.3M | -33% |
| Depreciation & amortization | $24.6M | $20.5M | $4.1M | +20% |
| Share-based compensation | $2.7M | $2.5M | $200K | +8% |
| Working capital & other | $27.8M | $35.6M | −$7.8M | -22% |
| Operating cash flow | $124M | $140M | −$15.2M | -11% |
| Free cash flow (OCF − capex) | $114M | $122M | −$8.1M | -7% |
| Capital expenditures | $10.0M | $17.1M | −$7.1M | -42% |
Questions
How much did Smith A O's revenue grow year over year in Q2 2026?
Smith A O's revenue fell $7.0M (-0.7%) from $1.0B in Q2 2025 to $1.0B in Q2 2026.
What drove Smith A O's revenue change in Q2 2026?
Rest of World −$49.3M (-21%); North America +$42.3M (+5%).