Filing Flows › Ingredion (INGR) › Q2 2026 › vs Q1 2026
Ingredion (INGR) Q2 2026 vs Q1 2026 (quarter over quarter)
Ingredion's revenue rose $58.0M (+3%) from $1.8B in Q1 2026 to $1.9B in Q2 2026. Gross margin 23.0% against 22.4% (+0.6 pts).
Ingredion, Q2 2026: revenue $1.9B (+0.9% year over year), operating margin 10.2%, net earnings $114M, operating cash flow $90.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 23.0% | 22.4% | +0.6 pts |
| Operating margin | 10.2% | 11.3% | -1.2 pts |
| Net margin | 6.2% | 7.9% | -1.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $58.0M | +3% |
| Gross profit | $426M | $401M | $25.0M | +6% |
| Cost of revenue | $1.4B | $1.4B | $33.0M | +2% |
| Operating profit | $188M | $203M | −$15.0M | -7% |
| Operating expenses | $238M | $198M | $40.0M | +20% |
| Pre-tax earnings | $175M | $194M | −$19.0M | -10% |
| Other expense, net | $13.0M | $9.0M | $4.0M | +44% |
| Net earnings | $114M | $142M | −$28.0M | -20% |
| Minority interests | $2.0M | $2.0M | $0 | 0% |
| Income tax | $59.0M | $50.0M | $9.0M | +18% |
| Depreciation & amortization | $55.0M | $55.0M | $0 | 0% |
| Share-based compensation | $8.0M | $10.0M | −$2.0M | -20% |
| Working capital & other | $87.0M | $174M | −$87.0M | -50% |
| Operating cash flow | $90.0M | $33.0M | $57.0M | +173% |
| Capital expenditures | $100M | $110M | −$10.0M | -9% |
| Negative free cash flow (OCF − capex) | $10.0M | $77.0M | −$67.0M | -87% |
Questions
How much did Ingredion's revenue grow quarter over quarter in Q2 2026?
Ingredion's revenue rose $58.0M (+3%) from $1.8B in Q1 2026 to $1.9B in Q2 2026. Gross margin 23.0% against 22.4% (+0.6 pts).