Filing Flows › Cencora (COR) › Q2 FY26
Cencora (COR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
Cencora (COR) reported revenue of $78.4B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and -9% from the quarter before. Operating margin was 1.5%, net earnings $1.6B (2.1% of revenue).
Cencora, Q2 FY26: revenue $78.4B (+4% year over year), operating margin 1.5%, net earnings $1.6B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.4B | -9% | +4% |
| Gross profit | $3.6B | +17% | +17% |
| Operating profit | $1.1B | +50% | +10% |
| Net earnings | $1.6B | +188% | +127% |
| Operating cash flow | $1.3B | — | -60% |
| Free cash flow | $1.2B | — | -64% |
What changed
Revenue was $78.4B in Q2 FY26, up 4% year over year and down 9% from the previous quarter.
Gross margin was 4.6%, up 0.5 points from Q2 FY25. Operating profit was $1.1B, a 1.5% margin (up 0.1 points year over year). Of the extra revenue versus Q2 FY25, 4% reached operating profit, above the 1% margin then. Operating expenses grew 21% against revenue growth of 4%. The fastest-growing cost line was SG&A (+24%). Net earnings were $1.6B, up 129% year over year. The effective tax rate was 22.0%. Non-operating items added $0.95B, 45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3B (down 60% year over year), 82% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.57B. Capital expenditures of $0.17B left free cash flow of $1.2B.
Questions
What was Cencora's revenue in the second quarter fiscal 2026?
Cencora (COR) reported revenue of $78.4B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and -9% from the quarter before.
Was Cencora profitable in the second quarter fiscal 2026?
Operating profit was $1.1B (1.5% of revenue) and net earnings $1.6B.
Source: Cencora 10-Q on SEC EDGAR.