Filing Flows › Mistras Group (MG) › Q2 2026
Mistras Group (MG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Mistras Group (MG) reported revenue of $193M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +14% from the quarter before. Operating margin was 6.7%, net earnings $7.6M (3.9% of revenue).
Mistras Group, Q2 2026: revenue $193M (+4% year over year), operating margin 6.7%, net earnings $7.6M, operating cash flow $14.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | +14% | +4% |
| Gross profit | $56.4M | +26% | +5% |
| Operating profit | $12.9M | +177% | +54% |
| Net earnings | $7.6M | +220% | +142% |
| Operating cash flow | $14.9M | +431% | — |
| Free cash flow | $10.1M | — | — |
What changed
Revenue was $193.1M in Q2 2026, up 4% year over year and up 14% from the previous quarter. Oil & Gas was the largest line at 49% of revenue. Infrastructure, Research & Engineering added $6.2M year over year (up 77%), 80% of the total change. Oil & Gas declined 8%.
Gross margin was 29.2%, up 0.1 points from Q2 2025. Operating profit was $12.9M, a 6.7% margin (up 2.2 points year over year). Of the extra revenue versus Q2 2025, 58% reached operating profit, above the 5% margin then. Operating expenses fell 4% while revenue rose 4%. Net earnings were $7.6M, up 151% year over year. The effective tax rate was 23.1%.
Operating cash flow was $14.9M, 197% of net earnings. Non-cash charges added back $8.3M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $4.8M left free cash flow of $10.1M.
Questions
What was Mistras Group's revenue in the second quarter 2026?
Mistras Group (MG) reported revenue of $193M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +14% from the quarter before.
Was Mistras Group profitable in the second quarter 2026?
Operating profit was $12.9M (6.7% of revenue) and net earnings $7.6M.
Source: Mistras Group 10-Q on SEC EDGAR.