Filing Flows › LCI Industries (LCII) › Q2 2026
LCI Industries (LCII) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
LCI Industries (LCII) reported revenue of $969M for the second quarter 2026 (Q2 2026), -13% from a year earlier and -11% from the quarter before. Operating margin was 9.9%, net earnings $67.1M (6.9% of revenue).
LCI Industries, Q2 2026: revenue $969M (-12% year over year), operating margin 9.9%, net earnings $67.1M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $969M | -11% | -13% |
| Gross profit | $301M | +10% | +12% |
| Operating profit | $96.0M | +0.8% | +9% |
| Net earnings | $67.1M | +7% | +16% |
| Operating cash flow | $204M | — | +81% |
| Free cash flow | $185M | — | +86% |
What changed
Revenue was $968.7M in Q2 2026, down 13% year over year and down 11% from the previous quarter. Adjacent industries OEMs was the largest line at 35% of revenue. Travel trailers and fifth-wheels lost $159.6M year over year (down 36%), 115% of the total change.
Gross margin was 31.1%, up 6.7 points from Q2 2025. Operating profit was $96.0M, a 9.9% margin (up 2.0 points year over year). Operating expenses grew 13% against a revenue fall of 13%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $67.1M, up 16% year over year. The effective tax rate was 25.6%.
Operating cash flow was $203.7M (up 81% year over year), 303% of net earnings. Non-cash charges added back $30.9M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $98.7M. Capital expenditures of $18.8M left free cash flow of $184.9M.
Questions
What was LCI Industries' revenue in the second quarter 2026?
LCI Industries (LCII) reported revenue of $969M for the second quarter 2026 (Q2 2026), -13% from a year earlier and -11% from the quarter before.
Was LCI Industries profitable in the second quarter 2026?
Operating profit was $96.0M (9.9% of revenue) and net earnings $67.1M.
Source: LCI Industries 10-Q on SEC EDGAR.