Filing Flows › Mirion Technologies (MIR) › Q2 2026 › vs Q2 2025
Mirion Technologies (MIR) Q2 2026 vs Q2 2025 (year over year)
Mirion Technologies's revenue rose $43.9M (+20%) from $223M in Q2 2025 to $267M in Q2 2026. The biggest changes: Product +$40.1M (+24%); Service +$3.8M (+6%). Gross margin 49.9% against 46.0% (+3.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 46.0% | +3.9 pts |
| Operating margin | 6.7% | 4.4% | +2.3 pts |
| Net margin | 2.9% | 3.7% | -0.8 pts |
| Free cash flow margin | 18.0% | 1.6% | +16.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $204M | $164M | $40.1M | +24% |
| Service | $62.5M | $58.7M | $3.8M | +6% |
| Revenue | $267M | $223M | $43.9M | +20% |
| Gross profit | $133M | $102M | $30.6M | +30% |
| Cost of revenue | $134M | $120M | $13.3M | +11% |
| Operating profit | $17.9M | $9.9M | $8.0M | +81% |
| Operating expenses | $115M | $92.6M | $22.6M | +24% |
| Pre-tax earnings | $11.3M | $7.8M | $3.5M | +45% |
| Other expense, net | $6.6M | $2.1M | $4.5M | +214% |
| Research & development | $10.1M | $10.0M | $100K | +1% |
| SG&A | $105M | $82.6M | $22.5M | +27% |
| Net earnings | $7.7M | $8.3M | −$600K | -7% |
| Minority interests | $400K | $200K | $200K | +100% |
| Income tax | $3.2M | −$700K | $3.9M | — |
| Depreciation & amortization | $38.8M | $33.9M | $4.9M | +14% |
| Share-based compensation | $6.9M | $3.3M | $3.6M | +109% |
| Working capital & other | $5.1M | −$33.1M | $38.2M | — |
| Operating cash flow | $58.5M | $12.4M | $46.1M | +372% |
| Free cash flow (OCF − capex) | $48.1M | $3.6M | $44.5M | 13× |
| Capital expenditures | $10.4M | $8.8M | $1.6M | +18% |
Questions
How much did Mirion Technologies's revenue grow year over year in Q2 2026?
Mirion Technologies's revenue rose $43.9M (+20%) from $223M in Q2 2025 to $267M in Q2 2026.
What drove Mirion Technologies's revenue change in Q2 2026?
Product +$40.1M (+24%); Service +$3.8M (+6%).