Filing Flows › Hexcel (HXL) › Q2 2026 › vs Q1 2026
Hexcel (HXL) Q2 2026 vs Q1 2026 (quarter over quarter)
Hexcel's revenue rose $27.8M (+6%) from $502M in Q1 2026 to $529M in Q2 2026. Gross margin 26.1% against 26.9% (-0.8 pts).
Hexcel, Q2 2026: revenue $529M (+8% year over year), operating margin 13.7%, net earnings $49.3M, operating cash flow $77.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 26.1% | 26.9% | -0.8 pts |
| Operating margin | 13.7% | 11.5% | +2.2 pts |
| Net margin | 9.3% | 7.4% | +1.9 pts |
| Free cash flow margin | 11.0% | -1.2% | +12.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $529M | $502M | $27.8M | +6% |
| Gross profit | $138M | $135M | $3.4M | +3% |
| Cost of revenue | $391M | $367M | $24.4M | +7% |
| Operating profit | $72.6M | $57.6M | $15.0M | +26% |
| Operating expenses | $65.5M | $77.1M | −$11.6M | -15% |
| Pre-tax earnings | $60.7M | $45.5M | $15.2M | +33% |
| Other expense, net | $11.9M | $12.1M | −$200K | -2% |
| Research & development | $17.3M | $17.8M | −$500K | -3% |
| SG&A | $47.2M | $49.4M | −$2.2M | -4% |
| Other operating costs | $1.0M | $9.9M | −$8.9M | -90% |
| Net earnings | $49.3M | $37.2M | $12.1M | +33% |
| Income tax | $11.4M | $8.3M | $3.1M | +37% |
| Depreciation & amortization | $30.1M | $30.4M | −$300K | -1% |
| Share-based compensation | $5.2M | $9.3M | −$4.1M | -44% |
| Working capital & other | $6.9M | $57.9M | −$51.0M | -88% |
| Operating cash flow | $77.7M | $19.0M | $58.7M | +309% |
| Free cash flow (OCF − capex) | $58.0M | −$6.2M | $64.2M | — |
| Capital expenditures | $19.7M | $25.2M | −$5.5M | -22% |
Questions
How much did Hexcel's revenue grow quarter over quarter in Q2 2026?
Hexcel's revenue rose $27.8M (+6%) from $502M in Q1 2026 to $529M in Q2 2026. Gross margin 26.1% against 26.9% (-0.8 pts).