Filing Flows › Lincoln Electric Holdings (LECO) › Q2 2026
Lincoln Electric Holdings (LECO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Lincoln Electric Holdings (LECO) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +12% from a year earlier and +9% from the quarter before. Operating margin was 18.1%, net earnings $159M (13.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +9% | +12% |
| Gross profit | $449M | +12% | +11% |
| Operating profit | $221M | +19% | +15% |
| Net earnings | $159M | +16% | +11% |
| Operating cash flow | $254M | +148% | +76% |
| Free cash flow | $222M | — | +88% |
What changed
Revenue was $1.2B in Q2 2026, up 12% year over year and up 9% from the previous quarter. Consumables was the largest line at 56% of revenue. Consumables added $0.09B year over year (up 16%), 71% of the total change.
Gross margin was 36.8%, down 0.4 points from Q2 2025. Operating profit was $0.22B, a 18.1% margin (up 0.4 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 18% margin then. Operating expenses grew 7% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $0.16B, up 11% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.25B (up 76% year over year), 160% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $0.06B. After capital expenditures ($0.03B), free cash flow as the company reports it was $0.22B.
Questions
What was Lincoln Electric Holdings' revenue in the second quarter 2026?
Lincoln Electric Holdings (LECO) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +12% from a year earlier and +9% from the quarter before.
Was Lincoln Electric Holdings profitable in the second quarter 2026?
Operating profit was $221M (18.1% of revenue) and net earnings $159M.