Filing Flows › Commercial Metals (CMC) › Q2 FY26
Commercial Metals (CMC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 31, 2026
Commercial Metals (CMC) reported revenue of $2.1B for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +0.6% from the quarter before. Operating margin was 5.1%, net earnings $93.0M (4.4% of revenue).
Commercial Metals, Q2 FY26: revenue $2.1B (+22% year over year), operating margin 5.1%, net earnings $93.0M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +0.6% | +22% |
| Operating profit | $110M | -40% | +204% |
| Net earnings | $93.0M | -48% | +265% |
| Operating cash flow | $166M | -19% | +413% |
| Free cash flow | $43.6M | -45% | — |
What changed
Revenue was $2.1B in Q2 FY26, up 22% year over year and up 1% from the previous quarter.
Operating profit was $0.11B, a 5.1% margin (up 3.1 points year over year). Of the extra revenue versus Q2 FY25, 19% reached operating profit, above the 2% margin then. Total costs grew 18% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+183%). Net earnings were $0.09B, up 265% year over year. The effective tax rate was 15.2%.
Operating cash flow was $0.17B (up 413% year over year), 179% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.12B left free cash flow of $0.04B.
Questions
What was Commercial Metals' revenue in the second quarter fiscal 2026?
Commercial Metals (CMC) reported revenue of $2.1B for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +0.6% from the quarter before.
Was Commercial Metals profitable in the second quarter fiscal 2026?
Operating profit was $110M (5.1% of revenue) and net earnings $93.0M.
Source: Commercial Metals 10-Q on SEC EDGAR.