Filing Flows › Louisiana-Pacific (LPX) › Q2 2026 › vs Q1 2026
Louisiana-Pacific (LPX) Q2 2026 vs Q1 2026 (quarter over quarter)
Louisiana-Pacific's revenue rose $90.0M (+16%) from $574M in Q1 2026 to $664M in Q2 2026. The biggest changes: Siding +$81.0M (+23%); OSB +$14.0M (+8%); Other −$5.0M (-11%). Gross margin 17.5% against 20.0% (-2.6 pts).
Louisiana-Pacific, Q2 2026: revenue $664M (-12% year over year), operating margin 4.7%, net earnings $26.0M, operating cash flow $140M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 17.5% | 20.0% | -2.6 pts |
| Operating margin | 4.7% | 5.9% | -1.3 pts |
| Net margin | 3.9% | 4.7% | -0.8 pts |
| Free cash flow margin | 12.2% | -17.2% | +29.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Siding | $441M | $360M | $81.0M | +23% |
| OSB | $182M | $168M | $14.0M | +8% |
| Other | $41.0M | $46.0M | −$5.0M | -11% |
| Revenue | $664M | $574M | $90.0M | +16% |
| Gross profit | $116M | $115M | $1.0M | +0.9% |
| Cost of revenue | $548M | $459M | $89.0M | +19% |
| Other income, net | $3.0M | $2.0M | $1.0M | +50% |
| Operating profit | $31.0M | $34.0M | −$3.0M | -9% |
| Operating expenses | $85.0M | $81.0M | $4.0M | +5% |
| Pre-tax earnings | $34.0M | $36.0M | −$2.0M | -6% |
| SG&A | $80.0M | $78.0M | $2.0M | +3% |
| Other operating costs | $5.0M | $3.0M | $2.0M | +67% |
| Net earnings | $26.0M | $27.0M | −$1.0M | -4% |
| Income tax | $8.0M | $9.0M | −$1.0M | -11% |
| Depreciation & amortization | $39.0M | $38.0M | $1.0M | +3% |
| Working capital & other | $75.0M | −$103M | $178M | — |
| Operating cash flow | $140M | −$38.0M | $178M | — |
| Free cash flow (OCF − capex) | $81.0M | −$99.0M | $180M | — |
| Capital expenditures | $59.0M | $61.0M | −$2.0M | -3% |
Questions
How much did Louisiana-Pacific's revenue grow quarter over quarter in Q2 2026?
Louisiana-Pacific's revenue rose $90.0M (+16%) from $574M in Q1 2026 to $664M in Q2 2026.
What drove Louisiana-Pacific's revenue change in Q2 2026?
Siding +$81.0M (+23%); OSB +$14.0M (+8%); Other −$5.0M (-11%).