Filing Flows › Louisiana-Pacific (LPX) › Q2 2026 › vs Q2 2025
Louisiana-Pacific (LPX) Q2 2026 vs Q2 2025 (year over year)
Louisiana-Pacific's revenue fell $91.0M (-12%) from $755M in Q2 2025 to $664M in Q2 2026. The biggest changes: OSB −$68.0M (-27%); Siding −$19.0M (-4%); Other −$4.0M (-9%). Gross margin 17.5% against 23.6% (-6.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 17.5% | 23.6% | -6.1 pts |
| Operating margin | 4.7% | 10.6% | -5.9 pts |
| Net margin | 3.9% | 7.2% | -3.2 pts |
| Free cash flow margin | 12.2% | 12.5% | -0.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Siding | $441M | $460M | −$19.0M | -4% |
| OSB | $182M | $250M | −$68.0M | -27% |
| Other | $41.0M | $45.0M | −$4.0M | -9% |
| Revenue | $664M | $755M | −$91.0M | -12% |
| Gross profit | $116M | $178M | −$62.0M | -35% |
| Cost of revenue | $548M | $577M | −$29.0M | -5% |
| Other income, net | $3.0M | −$7.0M | $10.0M | — |
| Operating profit | $31.0M | $80.0M | −$49.0M | -61% |
| Operating expenses | $85.0M | $98.0M | −$13.0M | -13% |
| Pre-tax earnings | $34.0M | $73.0M | −$39.0M | -53% |
| SG&A | $80.0M | $79.0M | $1.0M | +1% |
| Other operating costs | $5.0M | $19.0M | −$14.0M | -74% |
| Net earnings | $26.0M | $54.0M | −$28.0M | -52% |
| Income tax | $8.0M | $19.0M | −$11.0M | -58% |
| Depreciation & amortization | $39.0M | $36.0M | $3.0M | +8% |
| Working capital & other | $75.0M | $72.0M | $3.0M | +4% |
| Operating cash flow | $140M | $162M | −$22.0M | -14% |
| Free cash flow (OCF − capex) | $81.0M | $94.0M | −$13.0M | -14% |
| Capital expenditures | $59.0M | $68.0M | −$9.0M | -13% |
Questions
How much did Louisiana-Pacific's revenue grow year over year in Q2 2026?
Louisiana-Pacific's revenue fell $91.0M (-12%) from $755M in Q2 2025 to $664M in Q2 2026.
What drove Louisiana-Pacific's revenue change in Q2 2026?
OSB −$68.0M (-27%); Siding −$19.0M (-4%); Other −$4.0M (-9%).