Filing Flows › Greenland Technologies Holding (GTEC) › Q2 2026
Greenland Technologies Holding (GTEC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Greenland Technologies Holding (GTEC) reported revenue of $29.9M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +17% from the quarter before. Operating margin was 20.0%, net earnings $3.5M (11.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.9M | +17% | +38% |
| Gross profit | $9.5M | +9% | +66% |
| Operating profit | $6.0M | +5% | — |
| Net earnings | $3.5M | -30% | — |
| Operating cash flow | $1.3M | — | — |
| Free cash flow | $100K | — | — |
What changed
Revenue was $29.9M in Q2 2026, up 38% year over year and up 17% from the previous quarter. Transmission boxes for Forklift was the largest line at 98% of revenue. Transmission boxes for Forklift added $8.1M year over year (up 39%), 99% of the total change.
Gross margin was 31.9%, up 5.5 points from Q2 2025. Operating profit was $6.0M, a 20.0% margin (up 30.7 points year over year). Operating expenses fell 56% while revenue rose 38%. The fastest-growing cost line was Research & development (+136%). Net earnings were $3.5M. The effective tax rate was 20.0%.
Operating cash flow was $1.3M, 26% of net income including minority interests. Non-cash charges added back $532K of depreciation and amortization. Working capital and other items used $4.2M. Capital expenditures of $1.2M left free cash flow of $100K.
Questions
What was Greenland Technologies Holding's revenue in the second quarter 2026?
Greenland Technologies Holding (GTEC) reported revenue of $29.9M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +17% from the quarter before.
Was Greenland Technologies Holding profitable in the second quarter 2026?
Operating profit was $6.0M (20.0% of revenue) and net earnings $3.5M.