Filing Flows › Lamb Weston Holdings (LW) › Q2 FY26
Lamb Weston Holdings (LW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 19, 2025
Lamb Weston Holdings (LW) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +1% from a year earlier and -2% from the quarter before. Operating margin was 8.6%, net earnings $62.1M (3.8% of revenue).
Lamb Weston Holdings, Q2 FY26: revenue $1.6B (+1% year over year), operating margin 8.6%, net earnings $62.1M, operating cash flow $178M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -2% | +1% |
| Gross profit | $324M | -5% | +17% |
| Operating profit | $139M | -11% | +652% |
| Net earnings | $62.1M | -3% | — |
| Operating cash flow | $178M | -49% | +80% |
| Free cash flow | $101M | -63% | — |
What changed
Revenue was $1.6B in Q2 FY26, up 1% year over year and down 2% from the previous quarter.
Gross margin was 20.0%, up 2.7 points from a year earlier. Operating profit was $0.14B, a 8.6% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 702% reached operating profit, above the 1% margin then. Operating expenses fell 29% while revenue rose 1%. Net earnings were $0.06B. The effective tax rate was 36.7%.
Operating cash flow was $0.18B (up 80% year over year), 287% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $0.08B left free cash flow of $0.10B.
Questions
What was Lamb Weston Holdings' revenue in the second quarter fiscal 2026?
Lamb Weston Holdings (LW) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +1% from a year earlier and -2% from the quarter before.
Was Lamb Weston Holdings profitable in the second quarter fiscal 2026?
Operating profit was $139M (8.6% of revenue) and net earnings $62.1M.