Filing Flows › Orion S.A. (OEC) › Q2 2026
Orion S.A. (OEC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Orion S.A. (OEC) reported revenue of $501M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +9% from the quarter before. Operating margin was 4.3%, net earnings $1.8M (0.4% of revenue).
Orion S.A., Q2 2026: revenue $501M (+7% year over year), operating margin 4.3%, net earnings $1.8M, operating cash flow $27.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $501M | +9% | +7% |
| Gross profit | $93.0M | +17% | -5% |
| Operating profit | $21.3M | +87% | -34% |
| Net earnings | $1.8M | — | -80% |
| Operating cash flow | $27.3M | — | -49% |
| Free cash flow | $1.9M | — | -83% |
What changed
Revenue was $500.9M in Q2 2026, up 7% year over year and up 9% from the previous quarter.
Gross margin was 18.6%, down 2.5 points from Q2 2025. Operating profit was $21.3M, a 4.3% margin (down 2.6 points year over year). Operating profit fell $10.8M even though revenue rose $34.5M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 7%. The fastest-growing cost line was Research & development (+11%). Net earnings were $1.8M, down 80% year over year. The effective tax rate was 65.4%.
Operating cash flow was $27.3M (down 49% year over year), 1517% of net earnings. Non-cash charges added back $32.9M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $10.4M. Capital expenditures of $25.4M left free cash flow of $1.9M.
Questions
What was Orion S.A.'s revenue in the second quarter 2026?
Orion S.A.
Was Orion S.A. profitable in the second quarter 2026?
Operating profit was $21.3M (4.3% of revenue) and net earnings $1.8M.
Source: Orion S.A. 10-Q on SEC EDGAR.