Filing Flows › Element Solutions (ESI) › Q2 2026 › vs Q1 2026
Element Solutions (ESI) Q2 2026 vs Q1 2026 (quarter over quarter)
Element Solutions's revenue rose $138M (+16%) from $840M in Q1 2026 to $978M in Q2 2026. The biggest changes: Electronics +$134M (+21%); Specialties +$4.4M (+2%). Gross margin 34.2% against 38.4% (-4.3 pts).
Element Solutions, Q2 2026: revenue $978M (+56% year over year), operating margin 11.6%, net earnings $77.3M, operating cash flow $99.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 34.2% | 38.4% | -4.3 pts |
| Operating margin | 11.6% | 13.3% | -1.6 pts |
| Net margin | 7.9% | 6.7% | +1.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electronics | $767M | $634M | $134M | +21% |
| Specialties | $211M | $206M | $4.4M | +2% |
| Revenue | $978M | $840M | $138M | +16% |
| Gross profit | $334M | $323M | $11.3M | +4% |
| Cost of revenue | $644M | $517M | $127M | +24% |
| Operating profit | $114M | $111M | $2.3M | +2% |
| Operating expenses | $220M | $211M | $9.0M | +4% |
| Pre-tax earnings | $107M | $82.7M | $24.4M | +30% |
| Other expense, net | $6.6M | $28.7M | −$22.1M | -77% |
| Research & development | $19.5M | $20.2M | −$700K | -3% |
| SG&A | $201M | $191M | $9.7M | +5% |
| Net earnings | $77.3M | $56.0M | $21.3M | +38% |
| Income tax | $29.8M | $26.7M | $3.1M | +12% |
| Depreciation & amortization | $44.7M | $42.5M | $2.2M | +5% |
| Share-based compensation | $12.6M | $8.1M | $4.5M | +56% |
| Working capital & other | $35.0M | $173M | −$138M | -80% |
| Operating cash flow | $99.6M | −$66.6M | $166M | — |
Questions
How much did Element Solutions's revenue grow quarter over quarter in Q2 2026?
Element Solutions's revenue rose $138M (+16%) from $840M in Q1 2026 to $978M in Q2 2026.
What drove Element Solutions's revenue change in Q2 2026?
Electronics +$134M (+21%); Specialties +$4.4M (+2%).