Filing Flows › Avantor (AVTR) › Q2 2026
Avantor (AVTR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Avantor (AVTR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +0.5% from a year earlier and +7% from the quarter before. Operating margin was 7.2%, net earnings $38.1M (2.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +0.5% |
| Gross profit | $537M | +7% | -3% |
| Operating profit | $122M | +22% | -5% |
| Net earnings | $38.1M | -12% | -41% |
| Operating cash flow | $178M | +204% | +15% |
| Free cash flow | $143M | — | +14% |
What changed
Revenue was $1.7B in Q2 2026, up 1% year over year and up 7% from the previous quarter. Proprietary was the largest line at 52% of revenue. Third-party added $0.02B year over year (up 3%), 251% of the total change. Proprietary declined 1%.
Gross margin was 31.7%, down 1.2 points from Q2 2025. Operating profit was $0.12B, a 7.2% margin (down 0.5 points year over year). Operating profit fell $0.01B even though revenue rose $0.01B versus Q2 2025, so costs grew faster than sales. Operating expenses fell 2% while revenue rose 1%. Net earnings were $0.04B, down 41% year over year. The effective tax rate was 53.1%.
Operating cash flow was $0.18B (up 15% year over year), 468% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.02B. After capital expenditures, net ($0.04B), free cash flow as the company reports it was $0.14B.
Questions
What was Avantor's revenue in the second quarter 2026?
Avantor (AVTR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +0.5% from a year earlier and +7% from the quarter before.
Was Avantor profitable in the second quarter 2026?
Operating profit was $122M (7.2% of revenue) and net earnings $38.1M.
Source: Avantor 10-Q on SEC EDGAR.