Filing Flows › Mirion Technologies (MIR) › Q2 2026 › vs Q1 2026
Mirion Technologies (MIR) Q2 2026 vs Q1 2026 (quarter over quarter)
Mirion Technologies's revenue rose $9.2M (+4%) from $258M in Q1 2026 to $267M in Q2 2026. The biggest changes: Product +$7.3M (+4%); Service +$1.9M (+3%). Gross margin 49.9% against 46.2% (+3.7 pts).
Mirion Technologies, Q2 2026: revenue $267M (+20% year over year), operating margin 6.7%, net earnings $7.7M, operating cash flow $58.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 46.2% | +3.7 pts |
| Operating margin | 6.7% | 1.4% | +5.3 pts |
| Net margin | 2.9% | -1.3% | +4.2 pts |
| Free cash flow margin | 18.0% | 3.6% | +14.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $204M | $197M | $7.3M | +4% |
| Service | $62.5M | $60.6M | $1.9M | +3% |
| Revenue | $267M | $258M | $9.2M | +4% |
| Gross profit | $133M | $119M | $14.0M | +12% |
| Cost of revenue | $134M | $138M | −$4.8M | -3% |
| Operating profit | $17.9M | $3.7M | $14.2M | +384% |
| Operating expenses | $115M | $115M | −$200K | -0.2% |
| Pre-tax earnings | $11.3M | −$5.2M | $16.5M | — |
| Other expense, net | $6.6M | $8.9M | −$2.3M | -26% |
| Research & development | $10.1M | $9.6M | $500K | +5% |
| SG&A | $105M | $106M | −$700K | -0.7% |
| Net earnings | $7.7M | −$3.4M | $11.1M | — |
| Minority interests | $400K | $0 | $400K | — |
| Income tax | $3.2M | −$1.8M | $5.0M | — |
| Depreciation & amortization | $38.8M | $40.8M | −$2.0M | -5% |
| Share-based compensation | $6.9M | $4.3M | $2.6M | +60% |
| Working capital & other | $5.1M | −$22.8M | $27.9M | — |
| Operating cash flow | $58.5M | $18.9M | $39.6M | +210% |
| Free cash flow (OCF − capex) | $48.1M | $9.4M | $38.7M | +412% |
| Capital expenditures | $10.4M | $9.5M | $900K | +9% |
Questions
How much did Mirion Technologies's revenue grow quarter over quarter in Q2 2026?
Mirion Technologies's revenue rose $9.2M (+4%) from $258M in Q1 2026 to $267M in Q2 2026.
What drove Mirion Technologies's revenue change in Q2 2026?
Product +$7.3M (+4%); Service +$1.9M (+3%).