Filing Flows › Levi Strauss (LEVI) › Q2 FY26
Levi Strauss (LEVI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 8, 2026
Levi Strauss (LEVI) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -10% from the quarter before. Operating margin was 7.8%, net earnings $87.3M (5.6% of revenue).
Levi Strauss, Q2 FY26: revenue $1.6B (+8% year over year), operating margin 7.8%, net earnings $87.3M, operating cash flow $271M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -10% | +8% |
| Gross profit | $979M | -9% | +8% |
| Operating profit | $122M | -39% | +13% |
| Net earnings | $87.3M | -50% | +30% |
| Operating cash flow | $271M | +28% | +46% |
| Free cash flow | $231M | — | +58% |
What changed
Revenue was $1.6B in Q2 FY26, up 8% year over year and down 10% from the previous quarter. Americas was the largest line at 52% of revenue. Americas added $0.07B year over year (up 9%), 58% of the total change.
Gross margin was 62.7%, unchanged from Q2 FY25. Operating profit was $0.12B, a 7.8% margin (up 0.4 points year over year). Of the extra revenue versus Q2 FY25, 12% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+99%). Net earnings were $0.09B, up 30% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.27B (up 46% year over year), 310% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.10B. After purchases of property, plant and equipment ($0.04B), adjusted free cash flow as the company reports it was $0.23B.
Questions
What was Levi Strauss' revenue in the second quarter fiscal 2026?
Levi Strauss (LEVI) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -10% from the quarter before.
Was Levi Strauss profitable in the second quarter fiscal 2026?
Operating profit was $122M (7.8% of revenue) and net earnings $87.3M.
Source: Levi Strauss 10-Q on SEC EDGAR.