Filing Flows › Darden Restaurants (DRI) › Q2 FY26
Darden Restaurants (DRI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 30, 2025
Darden Restaurants (DRI) reported revenue of $3.1B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +2% from the quarter before. Operating margin was 10.3%, net earnings $237M (7.6% of revenue).
Darden Restaurants, Q2 FY26: revenue $3.1B (+7% year over year), operating margin 10.3%, net earnings $237M, operating cash flow $321M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +2% | +7% |
| Gross profit | $581M | +1% | +2% |
| Operating profit | $320M | -6% | +10% |
| Net earnings | $237M | -8% | +10% |
| Operating cash flow | $321M | -6% | -17% |
| Free cash flow | $120M | -29% | -45% |
What changed
Revenue was $3.1B in Q2 FY26, up 7% year over year and up 2% from the previous quarter.
Gross margin was 18.7%, down 1.0 points from a year earlier. Operating profit was $0.32B, a 10.3% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 10% margin then. Operating expenses fell 6% while revenue rose 7%. Net earnings were $0.24B, up 10% year over year. The effective tax rate was 12.8%.
Operating cash flow was $0.32B (down 17% year over year), 135% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.20B left free cash flow of $0.12B.
Questions
What was Darden Restaurants' revenue in the second quarter fiscal 2026?
Darden Restaurants (DRI) reported revenue of $3.1B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +2% from the quarter before.
Was Darden Restaurants profitable in the second quarter fiscal 2026?
Operating profit was $320M (10.3% of revenue) and net earnings $237M.
Source: Darden Restaurants 10-Q on SEC EDGAR.