Filing Flows › Lincoln Electric Holdings (LECO) › Q2 2026 › vs Q1 2026
Lincoln Electric Holdings (LECO) Q2 2026 vs Q1 2026 (quarter over quarter)
Lincoln Electric Holdings's revenue rose $98.2M (+9%) from $1.1B in Q1 2026 to $1.2B in Q2 2026. The biggest changes: Consumables +$52.0M (+8%); Equipment +$27.4M (+10%); Automation +$18.8M (+9%). Gross margin 36.8% against 35.6% (+1.2 pts).
Lincoln Electric Holdings, Q2 2026: revenue $1.2B (+12% year over year), operating margin 18.1%, net earnings $159M, operating cash flow $254M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 36.8% | 35.6% | +1.2 pts |
| Operating margin | 18.1% | 16.6% | +1.5 pts |
| Net margin | 13.0% | 12.2% | +0.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Consumables | $688M | $636M | $52.0M | +8% |
| Equipment | $303M | $275M | $27.4M | +10% |
| Automation | $229M | $210M | $18.8M | +9% |
| Revenue | $1.2B | $1.1B | $98.2M | +9% |
| Gross profit | $449M | $399M | $49.9M | +12% |
| Cost of revenue | $771M | $722M | $48.4M | +7% |
| Operating profit | $221M | $186M | $34.5M | +19% |
| Operating expenses | $228M | $213M | $15.4M | +7% |
| Pre-tax earnings | $208M | $173M | $34.5M | +20% |
| Other expense, net | $12.8M | $12.8M | −$42K | -0.3% |
| SG&A | $225M | $211M | $14.1M | +7% |
| Other operating costs | $3.5M | $2.2M | $1.3M | +61% |
| Net earnings | $159M | $136M | $22.1M | +16% |
| Income tax | $49.4M | $37.0M | $12.4M | +34% |
| Depreciation & amortization | $26.0M | $26.0M | −$40K | -0.2% |
| Share-based compensation | $4.9M | $9.6M | −$4.7M | -49% |
| Working capital & other | $64.4M | −$69.8M | $134M | — |
| Operating cash flow | $254M | $102M | $152M | +148% |
Questions
How much did Lincoln Electric Holdings's revenue grow quarter over quarter in Q2 2026?
Lincoln Electric Holdings's revenue rose $98.2M (+9%) from $1.1B in Q1 2026 to $1.2B in Q2 2026.
What drove Lincoln Electric Holdings's revenue change in Q2 2026?
Consumables +$52.0M (+8%); Equipment +$27.4M (+10%); Automation +$18.8M (+9%).