Filing Flows › Darling Ingredients (DAR) › Q2 2026
Darling Ingredients (DAR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Darling Ingredients (DAR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +16% from a year earlier and +11% from the quarter before. Operating margin was 32.2%, net earnings $387M (22.5% of revenue).
Darling Ingredients, Q2 2026: revenue $1.7B (+16% year over year), operating margin 32.2%, net earnings $387M, operating cash flow $533M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +11% | +16% |
| Gross profit | $503M | +24% | +46% |
| Operating profit | $555M | +145% | +632% |
| Net earnings | $387M | +188% | 31× |
| Operating cash flow | $533M | +249% | +266% |
| Free cash flow | $405M | +595% | +441% |
What changed
Revenue was $1.7B in Q2 2026, up 16% year over year and up 11% from the previous quarter. Fats was the largest line at 31% of revenue. Fats added $0.10B year over year (up 24%), 43% of the total change. Other rendering declined 11%.
Gross margin was 29.2%, up 5.8 points from Q2 2025. Operating profit was $0.56B, a 32.2% margin (up 27.1 points year over year). Of the extra revenue versus Q2 2025, 198% reached operating profit, above the 5% margin then. Net earnings were $0.39B, up 2959% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.53B (up 266% year over year), 137% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.13B left free cash flow of $0.40B.
Questions
What was Darling Ingredients' revenue in the second quarter 2026?
Darling Ingredients (DAR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +16% from a year earlier and +11% from the quarter before.
Was Darling Ingredients profitable in the second quarter 2026?
Operating profit was $555M (32.2% of revenue) and net earnings $387M.