Filing Flows › Donaldson (DCI) › Q2 FY26
Donaldson (DCI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 26, 2026
Donaldson (DCI) reported revenue of $896M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and -4% from the quarter before. Operating margin was 13.2%, net earnings $92.5M (10.3% of revenue).
Donaldson, Q2 FY26: revenue $896M (+3% year over year), operating margin 13.2%, net earnings $92.5M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $896M | -4% | +3% |
| Gross profit | $300M | -9% | -2% |
| Operating profit | $119M | -20% | -5% |
| Net earnings | $92.5M | -19% | -4% |
| Operating cash flow | $33.0M | -74% | -63% |
| Free cash flow | $18.0M | -84% | -75% |
What changed
Revenue was $896.3M in Q2 FY26, up 3% year over year and down 4% from the previous quarter.
Gross margin was 33.4%, down 1.7 points from Q2 FY25. Operating profit was $118.7M, a 13.2% margin (down 1.2 points year over year). Operating profit fell $6.8M even though revenue rose $26.3M versus Q2 FY25, so costs grew faster than sales. Operating expenses grew 0% against revenue growth of 3%. Net earnings were $92.5M, down 4% year over year. The effective tax rate was 20.7%.
Operating cash flow was $33.0M (down 63% year over year), 36% of net earnings. Non-cash charges added back $24.6M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $88.7M. Capital expenditures of $15.0M left free cash flow of $18.0M.
Questions
What was Donaldson's revenue in the second quarter fiscal 2026?
Donaldson (DCI) reported revenue of $896M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and -4% from the quarter before.
Was Donaldson profitable in the second quarter fiscal 2026?
Operating profit was $119M (13.2% of revenue) and net earnings $92.5M.
Source: Donaldson 10-Q on SEC EDGAR.