Filing Flows › Celanese (CE) › Q2 2026 › vs Q1 2026
Celanese (CE) Q2 2026 vs Q1 2026 (quarter over quarter)
Celanese's revenue rose $415M (+18%) from $2.3B in Q1 2026 to $2.8B in Q2 2026. The biggest changes: Acetyl Chain +$294M (+29%); Engineered Materials +$121M (+9%). Gross margin 22.5% against 20.0% (+2.4 pts).
Celanese, Q2 2026: revenue $2.8B (+9% year over year), operating margin 10.0%, net earnings $125M, operating cash flow $209M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 22.5% | 20.0% | +2.4 pts |
| Operating margin | 10.0% | 9.2% | +0.9 pts |
| Net margin | 4.5% | 1.9% | +2.7 pts |
| Free cash flow margin | 5.3% | 0.4% | +4.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Engineered Materials | $1.4B | $1.3B | $121M | +9% |
| Acetyl Chain | $1.3B | $1.0B | $294M | +29% |
| Revenue | $2.8B | $2.3B | $415M | +18% |
| Gross profit | $618M | $468M | $150M | +32% |
| Cost of revenue | $2.1B | $1.9B | $265M | +14% |
| Operating profit | $276M | $214M | $62.0M | +29% |
| Operating expenses | $342M | $254M | $88.0M | +35% |
| Pre-tax earnings | $140M | $81.0M | $59.0M | +73% |
| Other expense, net | $136M | $133M | $3.0M | +2% |
| Research & development | $29.0M | $28.0M | $1.0M | +4% |
| SG&A | $251M | $226M | $25.0M | +11% |
| Net earnings | $125M | $44.0M | $81.0M | +184% |
| Minority interests | $4.0M | $4.0M | $0 | 0% |
| Income tax | $11.0M | $33.0M | −$22.0M | -67% |
| Operating cash sources | $384M | $260M | $124M | +48% |
| Depreciation & amortization | $249M | $208M | $41.0M | +20% |
| Share-based compensation | $10.0M | $8.0M | $2.0M | +25% |
| Working capital & other | $175M | $184M | −$9.0M | -5% |
| Operating cash flow | $209M | $76.0M | $133M | +175% |
| Free cash flow (OCF − capex) | $147M | $10.0M | $137M | 15× |
| Capital expenditures | $62.0M | $66.0M | −$4.0M | -6% |
Questions
How much did Celanese's revenue grow quarter over quarter in Q2 2026?
Celanese's revenue rose $415M (+18%) from $2.3B in Q1 2026 to $2.8B in Q2 2026.
What drove Celanese's revenue change in Q2 2026?
Acetyl Chain +$294M (+29%); Engineered Materials +$121M (+9%).