Filing Flows › Danaher (DHR) › Q2 2026
Danaher (DHR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
Danaher (DHR) reported revenue of $6.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +5% from the quarter before. Operating margin was 18.0%, net earnings $870M (13.9% of revenue).
Danaher, Q2 2026: revenue $6.3B (+6% year over year), operating margin 18.0%, net earnings $870M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | +5% | +6% |
| Gross profit | $3.6B | +0.6% | +2% |
| Operating profit | $1.1B | -16% | +48% |
| Net earnings | $870M | -15% | +57% |
| Operating cash flow | $1.5B | +16% | +15% |
| Free cash flow | $1.3B | +17% | +16% |
What changed
Revenue was $6.3B in Q2 2026, up 6% year over year and up 5% from the previous quarter. Recurring revenue was the largest line at 83% of revenue. Recurring revenue added $0.23B year over year (up 5%), 70% of the total change.
Gross margin was 57.6%, down 1.7 points from Q2 2025. Operating profit was $1.1B, a 18.0% margin (up 5.2 points year over year). Of the extra revenue versus Q2 2025, 112% reached operating profit, above the 13% margin then. Operating expenses fell 10% while revenue rose 6%. Net earnings were $0.87B, up 57% year over year. The effective tax rate was 19.3%.
Operating cash flow was $1.5B (up 15% year over year), 176% of net earnings. Non-cash charges added back $0.66B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.27B left free cash flow of $1.3B.
Questions
What was Danaher's revenue in the second quarter 2026?
Danaher (DHR) reported revenue of $6.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +5% from the quarter before.
Was Danaher profitable in the second quarter 2026?
Operating profit was $1.1B (18.0% of revenue) and net earnings $870M.
Source: Danaher 10-Q on SEC EDGAR.