Filing Flows › Pentair (PNR) › Q2 2026 › vs Q1 2026
Pentair (PNR) Q2 2026 vs Q1 2026 (quarter over quarter)
Pentair's revenue fell $104M (-10%) from $1.0B in Q1 2026 to $933M in Q2 2026. Gross margin 42.4% against 41.8% (+0.5 pts).
Pentair, Q2 2026: revenue $933M (-17% year over year), operating margin 17.9%, net earnings $129M, operating cash flow $572M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 42.4% | 41.8% | +0.5 pts |
| Operating margin | 17.9% | 20.3% | -2.4 pts |
| Net margin | 13.8% | 16.6% | -2.8 pts |
| Free cash flow margin | 59.3% | -8.3% | +67.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $933M | $1.0B | −$104M | -10% |
| Gross profit | $395M | $433M | −$38.4M | -9% |
| Cost of revenue | $538M | $603M | −$65.7M | -11% |
| Operating profit | $166M | $210M | −$43.5M | -21% |
| Operating expenses | $228M | $223M | $5.1M | +2% |
| Pre-tax earnings | $147M | $201M | −$54.1M | -27% |
| Other expense, net | $19.6M | $9.0M | $10.6M | +118% |
| Research & development | $23.7M | $24.5M | −$800K | -3% |
| SG&A | $205M | $199M | $5.9M | +3% |
| Net earnings | $129M | $172M | −$43.8M | -25% |
| Income tax | $18.3M | $28.6M | −$10.3M | -36% |
| Depreciation & amortization | $30.5M | $30.3M | $200K | +0.7% |
| Share-based compensation | $3.8M | $15.7M | −$11.9M | -76% |
| Working capital & other | $409M | −$286M | $695M | — |
| Operating cash flow | $572M | −$67.4M | $639M | — |
| Free cash flow (OCF − capex) | $553M | −$85.9M | $639M | — |
| Capital expenditures | $18.9M | $18.5M | $400K | +2% |
Questions
How much did Pentair's revenue grow quarter over quarter in Q2 2026?
Pentair's revenue fell $104M (-10%) from $1.0B in Q1 2026 to $933M in Q2 2026. Gross margin 42.4% against 41.8% (+0.5 pts).