Filing Flows › Avantor (AVTR) › Q2 2026 › vs Q1 2026
Avantor (AVTR) Q2 2026 vs Q1 2026 (quarter over quarter)
Avantor's revenue rose $111M (+7%) from $1.6B in Q1 2026 to $1.7B in Q2 2026. The biggest changes: Third-party +$63.8M (+9%); Proprietary +$47.1M (+6%). Gross margin 31.7% against 31.7% (+0.1 pts).
Avantor, Q2 2026: revenue $1.7B (+0.5% year over year), operating margin 7.2%, net earnings $38.1M, operating cash flow $178M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.7% | 31.7% | +0.1 pts |
| Operating margin | 7.2% | 6.3% | +0.9 pts |
| Net margin | 2.3% | 2.7% | -0.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Proprietary | $880M | $833M | $47.1M | +6% |
| Third-party | $812M | $748M | $63.8M | +9% |
| Revenue | $1.7B | $1.6B | $111M | +7% |
| Gross profit | $537M | $501M | $36.3M | +7% |
| Cost of revenue | $1.2B | $1.1B | $74.6M | +7% |
| Operating profit | $122M | $99.5M | $22.3M | +22% |
| Operating expenses | $415M | $401M | $14.0M | +3% |
| Pre-tax earnings | $81.2M | $55.5M | $25.7M | +46% |
| Other expense, net | $40.6M | $44.0M | −$3.4M | -8% |
| Net earnings | $38.1M | $43.3M | −$5.2M | -12% |
| Income tax | $43.1M | $12.2M | $30.9M | +253% |
| Depreciation & amortization | $106M | $105M | $600K | +0.6% |
| Share-based compensation | $15.4M | $8.6M | $6.8M | +79% |
| Working capital & other | $19.1M | −$98.2M | $117M | — |
| Operating cash flow | $178M | $58.7M | $120M | +204% |
Questions
How much did Avantor's revenue grow quarter over quarter in Q2 2026?
Avantor's revenue rose $111M (+7%) from $1.6B in Q1 2026 to $1.7B in Q2 2026.
What drove Avantor's revenue change in Q2 2026?
Third-party +$63.8M (+9%); Proprietary +$47.1M (+6%).