Filing Flows › Greenland Technologies Holding (GTEC) › Q2 2026 › vs Q1 2026
Greenland Technologies Holding (GTEC) Q2 2026 vs Q1 2026 (quarter over quarter)
Greenland Technologies Holding's revenue rose $4.3M (+17%) from $25.5M in Q1 2026 to $29.9M in Q2 2026. The biggest changes: Transmission boxes for Forklift +$4.2M (+17%); Transmission boxes for Non-Forklift (EV, etc.) +$115K (+19%). Gross margin 31.9% against 34.3% (-2.4 pts).
Greenland Technologies Holding, Q2 2026: revenue $29.9M (+38% year over year), operating margin 20.0%, net earnings $3.5M, operating cash flow $1.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.9% | 34.3% | -2.4 pts |
| Operating margin | 20.0% | 22.4% | -2.4 pts |
| Net margin | 11.7% | 19.6% | -7.9 pts |
| Free cash flow margin | 0.3% | -5.3% | +5.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Transmission boxes for Forklift | $29.1M | $24.9M | $4.2M | +17% |
| Transmission boxes for Non-Forklift (EV, etc.) | $738K | $622K | $115K | +19% |
| Revenue | $29.9M | $25.5M | $4.3M | +17% |
| Gross profit | $9.5M | $8.8M | $782K | +9% |
| Cost of revenue | $20.3M | $16.8M | $3.6M | +21% |
| Other income, net | $198K | $1.0M | −$835K | -81% |
| Operating profit | $6.0M | $5.7M | $263K | +5% |
| Operating expenses | $3.6M | $3.0M | $519K | +17% |
| Pre-tax earnings | $6.2M | $6.8M | −$572K | -8% |
| Research & development | $1.0M | $778K | $269K | +35% |
| Sales & marketing | $1.7M | $419K | $1.3M | +300% |
| General & admin | $837K | $1.8M | −$1.0M | -55% |
| Net earnings | $3.5M | $5.0M | −$1.5M | -30% |
| Minority interests | $1.4M | $748K | $692K | +92% |
| Income tax | $1.2M | $1.0M | $234K | +23% |
| Depreciation & amortization | $532K | $517K | $15K | +3% |
| Working capital & other | $2.8M | $6.7M | −$3.9M | -59% |
| Operating cash flow | $1.3M | −$1.2M | $2.5M | — |
| Free cash flow (OCF − capex) | $100K | −$1.4M | $1.5M | — |
| Capital expenditures | $1.2M | $173K | $1.0M | +583% |
Questions
How much did Greenland Technologies Holding's revenue grow quarter over quarter in Q2 2026?
Greenland Technologies Holding's revenue rose $4.3M (+17%) from $25.5M in Q1 2026 to $29.9M in Q2 2026.
What drove Greenland Technologies Holding's revenue change in Q2 2026?
Transmission boxes for Forklift +$4.2M (+17%); Transmission boxes for Non-Forklift (EV, etc.) +$115K (+19%).