Filing Flows › Mercer International (MERC) › Q2 2026
Mercer International (MERC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Mercer International (MERC) reported revenue of $460M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -6% from the quarter before. Operating margin was -12.8%, net loss $76.0M (16.5% of revenue).
Mercer International, Q2 2026: revenue $460M (+2% year over year), operating margin -12.8%, net loss $76.0M, operating cash flow −$15.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | -6% | +1% |
| Operating profit | −$59.0M | — | — |
| Net earnings | −$76.0M | — | — |
| Operating cash flow | −$15.1M | — | — |
What changed
Revenue was $460.3M in Q2 2026, up 1% year over year and down 6% from the previous quarter. Pulp was the largest line at 66% of revenue. Manufactured Products added $13.4M year over year (up 108%), 198% of the total change. Wood Residuals declined 19%.
Operating costs exceeded revenue by $59.0M, an operating margin of -12.8%. Total costs grew 1% against revenue growth of 1%. The quarter ended with a net loss of $76.0M, wider than the previous quarter's $52.0M loss.
Operating cash flow was −$15.1M. Non-cash charges added back $38.0M of depreciation and amortization. Working capital and other items added $22.9M. Capital expenditures of $12.2M exceeded it, leaving free cash flow of −$27.3M.
Questions
What was Mercer International's revenue in the second quarter 2026?
Mercer International (MERC) reported revenue of $460M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -6% from the quarter before.
Was Mercer International profitable in the second quarter 2026?
Operating loss was $59.0M (-12.8% of revenue) and net loss $76.0M.