Filing Flows › Exponent (EXPO) › Q2 2026
Exponent (EXPO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Exponent (EXPO) reported revenue of $172M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +3% from the quarter before. Operating margin was 16.3%, net earnings $29.4M (17.1% of revenue).
Exponent, Q2 2026: revenue $172M (+21% year over year), operating margin 16.3%, net earnings $29.4M, operating cash flow $30.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $172M | +3% | +21% |
| Operating profit | $28.0M | -32% | +63% |
| Net earnings | $29.4M | -0.6% | +11% |
| Operating cash flow | $30.9M | — | -15% |
| Free cash flow | $29.1M | — | -14% |
What changed
Revenue was $171.6M in Q2 2026, up 21% year over year and up 3% from the previous quarter.
Operating profit was $28.0M, a 16.3% margin (up 4.2 points year over year). Of the extra revenue versus Q2 2025, 37% reached operating profit, above the 12% margin then. Total costs grew 15% against revenue growth of 21%. The fastest-growing cost line was General & admin (+20%). Net earnings were $29.4M, up 11% year over year. The effective tax rate was 27.9%. Non-operating items added $12.7M, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $30.9M (down 15% year over year), 105% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $7.9M. Capital expenditures of $1.8M left free cash flow of $29.1M.
Questions
What was Exponent's revenue in the second quarter 2026?
Exponent (EXPO) reported revenue of $172M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +3% from the quarter before.
Was Exponent profitable in the second quarter 2026?
Operating profit was $28.0M (16.3% of revenue) and net earnings $29.4M.
Source: Exponent 10-Q on SEC EDGAR.