Filing Flows › Greif (GEF) › Q2 FY26
Greif (GEF) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 29, 2026
Greif (GEF) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -0.5% from a year earlier and +8% from the quarter before. Operating margin was 3.3%, net earnings $12.6M (1.2% of revenue).
Greif, Q2 FY26: revenue $1.1B (-0.5% year over year), operating margin 3.3%, net earnings $12.6M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +8% | -0.5% |
| Gross profit | $247M | +22% | -0.6% |
| Operating profit | $35.4M | -86% | -42% |
| Net earnings | $12.6M | -93% | -68% |
| Operating cash flow | $117M | — | -5% |
| Free cash flow | $59.8M | — | -29% |
What changed
Revenue was $1.1B in Q2 FY26, down 1% year over year and up 8% from the previous quarter. Durable Metal Solutions was the largest line at 35% of revenue. Sustainable Fiber Solutions lost $0.04B year over year (down 11%), 695% of the total change.
Gross margin was 23.0%, unchanged from a year earlier. Operating profit was $0.04B, a 3.3% margin (down 2.3 points year over year). Operating expenses grew 13% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+20%). Net earnings were $0.01B, down 68% year over year. The effective tax rate was 26.6%.
Operating cash flow was $0.12B (down 5% year over year), 715% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization. Working capital and other items added $0.04B. Capital expenditures of $0.06B left free cash flow of $0.06B.
Questions
What was Greif's revenue in the second quarter fiscal 2026?
Greif (GEF) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -0.5% from a year earlier and +8% from the quarter before.
Was Greif profitable in the second quarter fiscal 2026?
Operating profit was $35.4M (3.3% of revenue) and net earnings $12.6M.
Source: Greif 10-Q on SEC EDGAR.