Filing Flows › Element Solutions (ESI) › Q2 2026 › vs Q2 2025
Element Solutions (ESI) Q2 2026 vs Q2 2025 (year over year)
Element Solutions's revenue rose $353M (+56%) from $625M in Q2 2025 to $978M in Q2 2026. The biggest changes: Electronics +$328M (+75%); Specialties +$25.1M (+14%). Gross margin 34.2% against 42.6% (-8.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.2% | 42.6% | -8.5 pts |
| Operating margin | 11.6% | 15.1% | -3.5 pts |
| Net margin | 7.9% | 7.6% | +0.3 pts |
| Free cash flow margin | 7.5% | 9.4% | -1.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Electronics | $767M | $439M | $328M | +75% |
| Specialties | $211M | $186M | $25.1M | +14% |
| Revenue | $978M | $625M | $353M | +56% |
| Gross profit | $334M | $266M | $67.6M | +25% |
| Cost of revenue | $644M | $359M | $285M | +79% |
| Operating profit | $114M | $94.3M | $19.4M | +21% |
| Operating expenses | $220M | $172M | $48.2M | +28% |
| Pre-tax earnings | $107M | $63.3M | $43.8M | +69% |
| Other expense, net | $6.6M | $31.0M | −$24.4M | -79% |
| Research & development | $19.5M | $16.2M | $3.3M | +20% |
| SG&A | $201M | $156M | $44.9M | +29% |
| Net earnings | $77.3M | $47.5M | $29.8M | +63% |
| Income tax | $29.8M | $15.8M | $14.0M | +89% |
| Depreciation & amortization | $44.7M | $38.2M | $6.5M | +17% |
| Share-based compensation | $12.6M | $6.3M | $6.3M | +100% |
| Working capital & other | $35.0M | $19.4M | $15.6M | +80% |
| Operating cash flow | $99.6M | $72.6M | $27.0M | +37% |
| Free cash flow (company-reported) | $73.7M | $58.8M | $14.9M | +25% |
| Capital expenditures, net | $25.9M | $13.8M | $12.1M | +88% |
Questions
How much did Element Solutions's revenue grow year over year in Q2 2026?
Element Solutions's revenue rose $353M (+56%) from $625M in Q2 2025 to $978M in Q2 2026.
What drove Element Solutions's revenue change in Q2 2026?
Electronics +$328M (+75%); Specialties +$25.1M (+14%).