Filing Flows › nVent Electric (NVT) › Q2 2026
nVent Electric (NVT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
nVent Electric (NVT) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +18% from the quarter before. Operating margin was 20.4%, net earnings $216M (14.7% of revenue).
nVent Electric, Q2 2026: revenue $1.5B (+53% year over year), operating margin 20.4%, net earnings $216M, operating cash flow $184M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +18% | +53% |
| Gross profit | $558M | +25% | +50% |
| Operating profit | $301M | +54% | +92% |
| Net earnings | $216M | +52% | +97% |
| Operating cash flow | $184M | +115% | — |
| Free cash flow | $162M | +230% | — |
What changed
Revenue was $1.5B in Q2 2026, up 53% year over year and up 18% from the previous quarter. Systems Protection was the largest line at 73% of revenue. Systems Protection added $0.44B year over year (up 70%), 87% of the total change.
Gross margin was 37.9%, down 0.7 points from Q2 2025. Operating profit was $0.30B, a 20.4% margin (up 4.2 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, above the 16% margin then. Operating expenses grew 20% against revenue growth of 53%. The fastest-growing cost line was Research & development (+28%). Net earnings were $0.22B, up 97% year over year. The effective tax rate was 23.5%.
Operating cash flow was $0.18B, 85% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.02B left free cash flow of $0.16B.
Questions
What was nVent Electric's revenue in the second quarter 2026?
nVent Electric (NVT) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +18% from the quarter before.
Was nVent Electric profitable in the second quarter 2026?
Operating profit was $301M (20.4% of revenue) and net earnings $216M.
Source: nVent Electric 10-Q on SEC EDGAR.