Filing Flows › Manitowoc (MTW) › Q2 2026
Manitowoc (MTW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Manitowoc (MTW) reported revenue of $595M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +20% from the quarter before. Operating margin was 5.2%, net earnings $14.2M (2.4% of revenue).
Manitowoc, Q2 2026: revenue $595M (+10% year over year), operating margin 5.2%, net earnings $14.2M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $595M | +20% | +10% |
| Gross profit | $123M | +29% | +24% |
| Operating profit | $31.1M | +903% | +217% |
| Net earnings | $14.2M | — | +847% |
| Operating cash flow | $8.0M | -71% | — |
What changed
Revenue was $594.9M in Q2 2026, up 10% year over year and up 20% from the previous quarter. New Machine Sales was the largest line at 71% of revenue. New Machine Sales added $44.8M year over year (up 12%), 81% of the total change.
Gross margin was 20.7%, up 2.3 points from Q2 2025. Operating profit was $31.1M, a 5.2% margin (up 3.4 points year over year). Of the extra revenue versus Q2 2025, 38% reached operating profit, above the 2% margin then. Operating expenses grew 3% against revenue growth of 10%. Net earnings were $14.2M, up 847% year over year. The effective tax rate was 33.6%.
Operating cash flow was $8.0M, 56% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $22.8M. Capital expenditures of $14.1M exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Manitowoc's revenue in the second quarter 2026?
Manitowoc (MTW) reported revenue of $595M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +20% from the quarter before.
Was Manitowoc profitable in the second quarter 2026?
Operating profit was $31.1M (5.2% of revenue) and net earnings $14.2M.
Source: Manitowoc 10-Q on SEC EDGAR.