Filing Flows › Distribution Solutions Group (DSGR) › Q2 2026
Distribution Solutions Group (DSGR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Distribution Solutions Group (DSGR) reported revenue of $558M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +12% from the quarter before. Operating margin was 5.0%, net earnings $8.5M (1.5% of revenue).
Distribution Solutions Group, Q2 2026: revenue $558M (+11% year over year), operating margin 5.0%, net earnings $8.5M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $558M | +12% | +11% |
| Gross profit | $180M | +10% | +6% |
| Operating profit | $27.9M | +104% | +4% |
| Net earnings | $8.5M | 22× | +70% |
| Operating cash flow | $22.0M | — | -34% |
| Free cash flow | $16.4M | — | -43% |
What changed
Revenue was $557.7M in Q2 2026, up 11% year over year and up 12% from the previous quarter. TestEquity was the largest line at 41% of revenue. TestEquity added $34.1M year over year (up 17%), 62% of the total change.
Gross margin was 32.3%, down 1.6 points from Q2 2025. Operating profit was $27.9M, a 5.0% margin (down 0.3 points year over year). Of the extra revenue versus Q2 2025, 2% reached operating profit, below the 5% margin then. Operating expenses grew 6% against revenue growth of 11%. Net earnings were $8.5M, up 70% year over year. The effective tax rate was 41.0%.
Operating cash flow was $22.0M (down 34% year over year), 259% of net earnings. Non-cash charges added back $19.9M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $5.5M left free cash flow of $16.4M.
Questions
What was Distribution Solutions Group's revenue in the second quarter 2026?
Distribution Solutions Group (DSGR) reported revenue of $558M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +12% from the quarter before.
Was Distribution Solutions Group profitable in the second quarter 2026?
Operating profit was $27.9M (5.0% of revenue) and net earnings $8.5M.