Filing Flows › Cardinal Health (CAH) › Q2 FY26
Cardinal Health (CAH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Cardinal Health (CAH) reported revenue of $65.6B for the second quarter fiscal 2026 (Q2 FY26), +19% from a year earlier and +3% from the quarter before. Operating margin was 1.1%, net earnings $471M (0.7% of revenue).
Cardinal Health, Q2 FY26: revenue $65.6B (+19% year over year), operating margin 1.1%, net earnings $471M, operating cash flow $686M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.6B | +3% | +19% |
| Gross profit | $2.4B | +3% | +23% |
| Operating profit | $707M | +6% | +29% |
| Net earnings | $471M | +4% | +17% |
| Operating cash flow | $686M | -29% | — |
| Free cash flow | $555M | -36% | — |
What changed
Revenue was $65.6B in Q2 FY26, up 19% year over year and up 3% from the previous quarter.
Gross margin was 3.7%, up 0.1 points from Q2 FY25. Operating profit was $0.71B, a 1.1% margin (up 0.1 points year over year). Of the extra revenue versus Q2 FY25, 2% reached operating profit, above the 1% margin then. Operating expenses grew 21% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+116%). Net earnings were $0.47B, up 17% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.69B, 146% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.13B left free cash flow of $0.56B.
Questions
What was Cardinal Health's revenue in the second quarter fiscal 2026?
Cardinal Health (CAH) reported revenue of $65.6B for the second quarter fiscal 2026 (Q2 FY26), +19% from a year earlier and +3% from the quarter before.
Was Cardinal Health profitable in the second quarter fiscal 2026?
Operating profit was $707M (1.1% of revenue) and net earnings $471M.
Source: Cardinal Health 10-Q on SEC EDGAR.