Filing Flows › Element Solutions (ESI) › Q2 2026
Element Solutions (ESI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Element Solutions (ESI) reported revenue of $978M for the second quarter 2026 (Q2 2026), +56% from a year earlier and +16% from the quarter before. Operating margin was 11.6%, net earnings $77.3M (7.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $978M | +16% | +56% |
| Gross profit | $334M | +4% | +25% |
| Operating profit | $114M | +2% | +21% |
| Net earnings | $77.3M | +38% | +63% |
| Operating cash flow | $99.6M | — | +37% |
| Free cash flow | $73.7M | — | +25% |
What changed
Revenue was $977.9M in Q2 2026, up 56% year over year and up 16% from the previous quarter. Electronics was the largest line at 78% of revenue. Electronics added $327.6M year over year (up 75%), 93% of the total change.
Gross margin was 34.2%, down 8.5 points from Q2 2025. Operating profit was $113.7M, a 11.6% margin (down 3.5 points year over year). Of the extra revenue versus Q2 2025, 6% reached operating profit, below the 15% margin then. Operating expenses grew 28% against revenue growth of 56%. The fastest-growing cost line was SG&A (+29%). Net earnings were $77.3M, up 63% year over year. The effective tax rate was 27.8%.
Operating cash flow was $99.6M (up 37% year over year), 129% of net earnings. Non-cash charges added back $44.7M of depreciation and amortization and $12.6M of share-based compensation. Working capital and other items used $35.0M. After capital expenditures, net ($25.9M), free cash flow as the company reports it was $73.7M.
Questions
What was Element Solutions' revenue in the second quarter 2026?
Element Solutions (ESI) reported revenue of $978M for the second quarter 2026 (Q2 2026), +56% from a year earlier and +16% from the quarter before.
Was Element Solutions profitable in the second quarter 2026?
Operating profit was $114M (11.6% of revenue) and net earnings $77.3M.
Source: Element Solutions 10-Q on SEC EDGAR.