Filing Flows › Esab (ESAB) › Q2 2026
Esab (ESAB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Esab (ESAB) reported revenue of $808M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +8% from the quarter before. Operating margin was 9.7%, net earnings $32.4M (4.0% of revenue).
Esab, Q2 2026: revenue $808M (+13% year over year), operating margin 9.7%, net earnings $32.4M, operating cash flow $33.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $808M | +8% | +13% |
| Gross profit | $307M | +12% | +15% |
| Operating profit | $78.7M | -13% | -28% |
| Net earnings | $32.4M | -32% | -52% |
| Operating cash flow | $33.4M | -29% | -28% |
| Free cash flow | $15.7M | -53% | -58% |
What changed
Revenue was $807.6M in Q2 2026, up 13% year over year and up 8% from the previous quarter. Consumables was the largest line at 61% of revenue. Equipment added $81.1M year over year (up 35%), 88% of the total change.
Gross margin was 38.0%, up 0.9 points from Q2 2025. Operating profit was $78.7M, a 9.7% margin (down 5.5 points year over year). Operating profit fell $30.4M even though revenue rose $92.0M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 46% against revenue growth of 13%. Net earnings were $32.4M, down 52% year over year. The effective tax rate was 25.6%.
Operating cash flow was $33.4M (down 28% year over year), 98% of net income including minority interests. Non-cash charges added back $27.9M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $34.9M. Capital expenditures of $17.7M left free cash flow of $15.7M.
Questions
What was Esab's revenue in the second quarter 2026?
Esab (ESAB) reported revenue of $808M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +8% from the quarter before.
Was Esab profitable in the second quarter 2026?
Operating profit was $78.7M (9.7% of revenue) and net earnings $32.4M.
Source: Esab 10-Q on SEC EDGAR.