Filing Flows › Illinois Tool Works (ITW) › Q2 2026
Illinois Tool Works (ITW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Illinois Tool Works (ITW) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +7% from the quarter before. Operating margin was 26.7%, net earnings $815M (18.9% of revenue).
Illinois Tool Works, Q2 2026: revenue $4.3B (+6% year over year), operating margin 26.7%, net earnings $815M, operating cash flow $723M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +7% | +6% |
| Operating profit | $1.1B | +12% | +7% |
| Net earnings | $815M | +6% | +8% |
| Operating cash flow | $723M | +16% | +31% |
| Free cash flow | $631M | — | +41% |
What changed
Revenue was $4.3B in Q2 2026, up 6% year over year and up 7% from the previous quarter.
Operating profit was $1.1B, a 26.7% margin (up 0.3 points year over year). Of the extra revenue versus Q2 2025, 32% reached operating profit, above the 26% margin then. Total costs grew 6% against revenue growth of 6%. Net earnings were $0.81B, up 8% year over year. The effective tax rate was 24.5%.
Operating cash flow was $0.72B (up 31% year over year), 89% of net earnings. Non-cash charges added back $0.08B of depreciation and $0.02B of share-based compensation. Working capital and other items used $0.20B. After additions to plant and equipment ($0.09B), free cash flow as the company reports it was $0.63B.
Questions
What was Illinois Tool Works' revenue in the second quarter 2026?
Illinois Tool Works (ITW) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +7% from the quarter before.
Was Illinois Tool Works profitable in the second quarter 2026?
Operating profit was $1.1B (26.7% of revenue) and net earnings $815M.