Filing Flows › nVent Electric (NVT) › Q2 2026 › vs Q1 2026
nVent Electric (NVT) Q2 2026 vs Q1 2026 (quarter over quarter)
nVent Electric's revenue rose $229M (+18%) from $1.2B in Q1 2026 to $1.5B in Q2 2026. The biggest changes: Systems Protection +$177M (+20%); Electrical Connections +$52.0M (+15%). Gross margin 37.9% against 35.9% (+2.0 pts).
nVent Electric, Q2 2026: revenue $1.5B (+53% year over year), operating margin 20.4%, net earnings $216M, operating cash flow $184M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 37.9% | 35.9% | +2.0 pts |
| Operating margin | 20.4% | 15.8% | +4.7 pts |
| Net margin | 14.7% | 11.5% | +3.2 pts |
| Free cash flow margin | 11.0% | 4.0% | +7.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Systems Protection | $1.1B | $895M | $177M | +20% |
| Electrical Connections | $399M | $347M | $52.0M | +15% |
| Revenue | $1.5B | $1.2B | $229M | +18% |
| Gross profit | $558M | $446M | $112M | +25% |
| Cost of revenue | $913M | $796M | $117M | +15% |
| Operating profit | $301M | $196M | $105M | +54% |
| Operating expenses | $257M | $250M | $7.4M | +3% |
| Pre-tax earnings | $282M | $179M | $103M | +58% |
| Other expense, net | $18.7M | $16.8M | $1.9M | +11% |
| Research & development | $24.5M | $22.7M | $1.8M | +8% |
| SG&A | $233M | $227M | $5.6M | +2% |
| Net earnings | $216M | $142M | $73.5M | +52% |
| Income tax | $66.2M | $36.5M | $29.7M | +81% |
| Depreciation & amortization | $58.5M | $57.9M | $600K | +1% |
| Share-based compensation | $6.7M | $16.4M | −$9.7M | -59% |
| Working capital & other | $97.6M | $132M | −$33.9M | -26% |
| Operating cash flow | $184M | $85.2M | $98.3M | +115% |
| Free cash flow (OCF − capex) | $162M | $49.1M | $113M | +230% |
| Capital expenditures | $21.5M | $36.1M | −$14.6M | -40% |
Questions
How much did nVent Electric's revenue grow quarter over quarter in Q2 2026?
nVent Electric's revenue rose $229M (+18%) from $1.2B in Q1 2026 to $1.5B in Q2 2026.
What drove nVent Electric's revenue change in Q2 2026?
Systems Protection +$177M (+20%); Electrical Connections +$52.0M (+15%).