Filing Flows › Lennox International (LII) › Q2 2026
Lennox International (LII) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Lennox International (LII) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +3% from a year earlier and +36% from the quarter before. Operating margin was 23.0%, net earnings $269M (17.4% of revenue).
Lennox International, Q2 2026: revenue $1.5B (+3% year over year), operating margin 23.0%, net earnings $269M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +36% | +3% |
| Gross profit | $540M | +54% | +4% |
| Operating profit | $355M | +117% | +2% |
| Net earnings | $269M | +130% | -2% |
| Operating cash flow | $172M | +968% | +98% |
| Free cash flow | $136M | — | +134% |
What changed
Revenue was $1.5B in Q2 2026, up 3% year over year and up 36% from the previous quarter. Residential Heating and Cooling was the largest line at 61% of revenue. Commercial Heating and Cooling added $0.12B year over year (up 24%), 266% of the total change. Residential Heating and Cooling declined 7%.
Gross margin was 34.9%, up 0.4 points from Q2 2025. Operating profit was $0.35B, a 23.0% margin (down 0.3 points year over year). Of the extra revenue versus Q2 2025, 14% reached operating profit, below the 23% margin then. Operating expenses grew 9% against revenue growth of 3%. Net earnings were $0.27B, down 2% year over year. The effective tax rate was 20.8%.
Operating cash flow was $0.17B (up 98% year over year), 64% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.04B left free cash flow of $0.14B.
Questions
What was Lennox International's revenue in the second quarter 2026?
Lennox International (LII) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +3% from a year earlier and +36% from the quarter before.
Was Lennox International profitable in the second quarter 2026?
Operating profit was $355M (23.0% of revenue) and net earnings $269M.