Filing Flows › Innovex International (INVX) › Q2 2026
Innovex International (INVX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Innovex International (INVX) reported revenue of $245M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +2% from the quarter before. Operating margin was 13.8%, net earnings $25.0M (10.2% of revenue).
Innovex International, Q2 2026: revenue $245M (+9% year over year), operating margin 13.8%, net earnings $25.0M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $245M | +2% | +9% |
| Operating profit | $33.8M | — | +49% |
| Net earnings | $25.0M | — | +63% |
| Operating cash flow | $37.0M | +87% | -37% |
| Free cash flow | $30.4M | — | -41% |
What changed
Revenue was $244.9M in Q2 2026, up 9% year over year and up 2% from the previous quarter. Product was the largest line at 68% of revenue. Product added $17.9M year over year (up 12%), 87% of the total change.
Operating profit was $33.8M, a 13.8% margin (up 3.7 points year over year). Of the extra revenue versus Q2 2025, 54% reached operating profit, above the 10% margin then. Total costs grew 5% against revenue growth of 9%. The fastest-growing cost line was SG&A (+36%). Net earnings were $25.0M, up 63% year over year. The effective tax rate was 29.3%.
Operating cash flow was $37.0M (down 37% year over year), 148% of net earnings. Non-cash charges added back $16.2M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $7.6M. After capital expenditures ($6.6M), free cash flow as the company reports it was $30.4M.
Questions
What was Innovex International's revenue in the second quarter 2026?
Innovex International (INVX) reported revenue of $245M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +2% from the quarter before.
Was Innovex International profitable in the second quarter 2026?
Operating profit was $33.8M (13.8% of revenue) and net earnings $25.0M.