Filing Flows › Mirion Technologies (MIR) › Q2 2026
Mirion Technologies (MIR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Mirion Technologies (MIR) reported revenue of $267M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +4% from the quarter before. Operating margin was 6.7%, net earnings $7.7M (2.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +4% | +20% |
| Gross profit | $133M | +12% | +30% |
| Operating profit | $17.9M | +384% | +81% |
| Net earnings | $7.7M | — | -7% |
| Operating cash flow | $58.5M | +210% | +372% |
| Free cash flow | $48.1M | +412% | 13× |
What changed
Revenue was $266.8M in Q2 2026, up 20% year over year and up 4% from the previous quarter. Product was the largest line at 77% of revenue. Product added $40.1M year over year (up 24%), 91% of the total change.
Gross margin was 49.9%, up 3.9 points from Q2 2025. Operating profit was $17.9M, a 6.7% margin (up 2.3 points year over year). Of the extra revenue versus Q2 2025, 18% reached operating profit, above the 4% margin then. Operating expenses grew 24% against revenue growth of 20%. The fastest-growing cost line was SG&A (+27%). Net earnings were $7.7M, down 7% year over year. The effective tax rate was 28.3%.
Operating cash flow was $58.5M (up 372% year over year), 722% of net income including minority interests. Non-cash charges added back $38.8M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $10.4M left free cash flow of $48.1M.
Questions
What was Mirion Technologies' revenue in the second quarter 2026?
Mirion Technologies (MIR) reported revenue of $267M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +4% from the quarter before.
Was Mirion Technologies profitable in the second quarter 2026?
Operating profit was $17.9M (6.7% of revenue) and net earnings $7.7M.