Filing Flows › nVent Electric (NVT) › Q2 2026 › vs Q2 2025
nVent Electric (NVT) Q2 2026 vs Q2 2025 (year over year)
nVent Electric's revenue rose $508M (+53%) from $963M in Q2 2025 to $1.5B in Q2 2026. The biggest changes: Systems Protection +$440M (+70%); Electrical Connections +$68.1M (+21%). Gross margin 37.9% against 38.6% (-0.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 37.9% | 38.6% | -0.7 pts |
| Operating margin | 20.4% | 16.3% | +4.2 pts |
| Net margin | 14.7% | 11.4% | +3.3 pts |
| Free cash flow margin | 11.0% | -3.5% | +14.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Systems Protection | $1.1B | $632M | $440M | +70% |
| Electrical Connections | $399M | $331M | $68.1M | +21% |
| Revenue | $1.5B | $963M | $508M | +53% |
| Gross profit | $558M | $372M | $186M | +50% |
| Cost of revenue | $913M | $591M | $322M | +54% |
| Operating profit | $301M | $157M | $144M | +92% |
| Operating expenses | $257M | $215M | $42.2M | +20% |
| Pre-tax earnings | $282M | $141M | $141M | +100% |
| Other expense, net | $18.7M | $15.9M | $2.8M | +18% |
| Research & development | $24.5M | $19.1M | $5.4M | +28% |
| SG&A | $233M | $196M | $36.8M | +19% |
| Net earnings | $216M | $110M | $106M | +97% |
| Income tax | $66.2M | $31.3M | $34.9M | +112% |
| Depreciation & amortization | $58.5M | $50.3M | $8.2M | +16% |
| Share-based compensation | $6.7M | $11.6M | −$4.9M | -42% |
| Working capital & other | $97.6M | $188M | −$90.7M | -48% |
| Operating cash flow | $184M | −$16.9M | $200M | — |
| Free cash flow (OCF − capex) | $162M | −$33.8M | $196M | — |
| Capital expenditures | $21.5M | $16.9M | $4.6M | +27% |
Questions
How much did nVent Electric's revenue grow year over year in Q2 2026?
nVent Electric's revenue rose $508M (+53%) from $963M in Q2 2025 to $1.5B in Q2 2026.
What drove nVent Electric's revenue change in Q2 2026?
Systems Protection +$440M (+70%); Electrical Connections +$68.1M (+21%).