Filing Flows › Hexcel (HXL) › Q2 2026
Hexcel (HXL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Hexcel (HXL) reported revenue of $529M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +6% from the quarter before. Operating margin was 13.7%, net earnings $49.3M (9.3% of revenue).
Hexcel, Q2 2026: revenue $529M (+8% year over year), operating margin 13.7%, net earnings $49.3M, operating cash flow $77.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $529M | +6% | +8% |
| Gross profit | $138M | +3% | +24% |
| Operating profit | $72.6M | +26% | +142% |
| Net earnings | $49.3M | +33% | +265% |
| Operating cash flow | $77.7M | +309% | +233% |
| Free cash flow | $58.0M | — | +625% |
What changed
Revenue was $529.3M in Q2 2026, up 8% year over year and up 6% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 65% of revenue. Commercial Aerospace Market Applications added $53.5M year over year (up 18%), 136% of the total change. Space and Defense Market Applications declined 7%.
Gross margin was 26.1%, up 3.3 points from Q2 2025. Operating profit was $72.6M, a 13.7% margin (up 7.6 points year over year). Of the extra revenue versus Q2 2025, 108% reached operating profit, above the 6% margin then. Operating expenses fell 20% while revenue rose 8%. The fastest-growing cost line was Research & development (+21%). Net earnings were $49.3M, up 265% year over year. The effective tax rate was 18.8%.
Operating cash flow was $77.7M (up 233% year over year), 158% of net earnings. Non-cash charges added back $30.1M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $19.7M left free cash flow of $58.0M.
Questions
What was Hexcel's revenue in the second quarter 2026?
Hexcel (HXL) reported revenue of $529M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +6% from the quarter before.
Was Hexcel profitable in the second quarter 2026?
Operating profit was $72.6M (13.7% of revenue) and net earnings $49.3M.
Source: Hexcel 10-Q on SEC EDGAR.