Filing Flows › Ingredion (INGR) › Q2 2026 › vs Q2 2025
Ingredion (INGR) Q2 2026 vs Q2 2025 (year over year)
Ingredion's revenue rose $17.0M (+0.9%) from $1.8B in Q2 2025 to $1.9B in Q2 2026. Gross margin 23.0% against 26.0% (-3.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 23.0% | 26.0% | -3.0 pts |
| Operating margin | 10.2% | 14.8% | -4.6 pts |
| Net margin | 6.2% | 10.7% | -4.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $17.0M | +0.9% |
| Gross profit | $426M | $477M | −$51.0M | -11% |
| Cost of revenue | $1.4B | $1.4B | $68.0M | +5% |
| Operating profit | $188M | $271M | −$83.0M | -31% |
| Operating expenses | $238M | $206M | $32.0M | +16% |
| Pre-tax earnings | $175M | $259M | −$84.0M | -32% |
| Other expense, net | $13.0M | $12.0M | $1.0M | +8% |
| Net earnings | $114M | $196M | −$82.0M | -42% |
| Minority interests | $2.0M | $2.0M | $0 | 0% |
| Income tax | $59.0M | $61.0M | −$2.0M | -3% |
| Depreciation & amortization | $55.0M | $53.0M | $2.0M | +4% |
| Share-based compensation | $8.0M | $11.0M | −$3.0M | -27% |
| Working capital & other | $87.0M | $75.0M | $12.0M | +16% |
| Operating cash flow | $90.0M | $185M | −$95.0M | -51% |
| Capital expenditures | $100M | $101M | −$1.0M | -1% |
| Negative free cash flow (OCF − capex) | $10.0M | −$84.0M | $94.0M | — |
Questions
How much did Ingredion's revenue grow year over year in Q2 2026?
Ingredion's revenue rose $17.0M (+0.9%) from $1.8B in Q2 2025 to $1.9B in Q2 2026. Gross margin 23.0% against 26.0% (-3.0 pts).