Filing Flows › Eagle Materials (EXP) › Q2 FY26
Eagle Materials (EXP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 30, 2025
Eagle Materials (EXP) reported revenue of $639M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +0.7% from the quarter before. Operating margin was 27.6%, net earnings $137M (21.5% of revenue).
Eagle Materials, Q2 FY26: revenue $639M (+2% year over year), operating margin 27.6%, net earnings $137M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $639M | +0.7% | +2% |
| Gross profit | $200M | +8% | -2% |
| Operating profit | $176M | +12% | -17% |
| Net earnings | $137M | +11% | -4% |
| Operating cash flow | $205M | +50% | -12% |
| Free cash flow | $96.1M | +59% | -42% |
What changed
Revenue was $638.9M in Q2 FY26, up 2% year over year and up 1% from the previous quarter.
Gross margin was 31.3%, down 1.4 points from a year earlier. Operating profit was $176.5M, a 27.6% margin (down 6.6 points year over year). Operating profit fell $36.6M even though revenue rose $15.3M versus a year earlier, so costs grew faster than sales. Net earnings were $137.4M, down 4% year over year. The effective tax rate was 22.2%.
Operating cash flow was $204.6M (down 12% year over year), 149% of net earnings. Non-cash charges added back $42.0M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $19.8M. Capital expenditures of $108.5M left free cash flow of $96.1M.
Questions
What was Eagle Materials' revenue in the second quarter fiscal 2026?
Eagle Materials (EXP) reported revenue of $639M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +0.7% from the quarter before.
Was Eagle Materials profitable in the second quarter fiscal 2026?
Operating profit was $176M (27.6% of revenue) and net earnings $137M.
Source: Eagle Materials 10-Q on SEC EDGAR.