Filing Flows › Legence (LGN) › Q2 2026
Legence (LGN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Legence (LGN) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +111% from a year earlier and +22% from the quarter before. Operating margin was -0.5%, net loss $34.6M (2.7% of revenue).
Legence, Q2 2026: revenue $1.3B (+111% year over year), operating margin -0.5%, net loss $34.6M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +22% | +111% |
| Operating profit | −$6.6M | -130% | — |
| Net earnings | −$34.6M | -315% | — |
| Operating cash flow | $74.4M | -38% | +125% |
| Free cash flow | $50.3M | -51% | +107% |
What changed
Revenue was $1.3B in Q2 2026, up 111% year over year and up 22% from the previous quarter. Installation & Maintenance was the largest line at 84% of revenue. Installation & Maintenance added $0.65B year over year (up 162%), 98% of the total change.
Gross margin was 17.4%, down 4.0 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of -0.5%. Operating expenses grew 133% against revenue growth of 111%. The fastest-growing cost line was Other operating costs (+219%). The quarter ended with a net loss of $0.03B, after a profit of $0.02B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.03B.
Operating cash flow was $0.07B (up 125% year over year). Non-cash charges added back $0.04B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $0.02B left free cash flow of $0.05B.
Questions
What was Legence's revenue in the second quarter 2026?
Legence (LGN) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +111% from a year earlier and +22% from the quarter before.
Was Legence profitable in the second quarter 2026?
Operating loss was $6.6M (-0.5% of revenue) and net loss $34.6M.
Source: Legence 10-Q on SEC EDGAR.