Filing Flows › Pentair (PNR) › Q2 2026
Pentair (PNR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Pentair (PNR) reported revenue of $933M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -10% from the quarter before. Operating margin was 17.9%, net earnings $129M (13.8% of revenue).
Pentair, Q2 2026: revenue $933M (-17% year over year), operating margin 17.9%, net earnings $129M, operating cash flow $572M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $933M | -10% | -17% |
| Gross profit | $395M | -9% | -13% |
| Operating profit | $166M | -21% | -24% |
| Net earnings | $129M | -25% | -13% |
| Operating cash flow | $572M | — | -6% |
| Free cash flow | $553M | — | -7% |
What changed
Revenue was $932.6M in Q2 2026, down 17% year over year and down 10% from the previous quarter.
Gross margin was 42.4%, up 1.7 points from Q2 2025. Operating profit was $166.5M, a 17.9% margin (down 1.5 points year over year). Operating expenses fell 4% while revenue fell 17%. Net earnings were $128.6M, down 13% year over year. The effective tax rate was 12.5%.
Operating cash flow was $571.8M (down 6% year over year), 445% of net earnings. Non-cash charges added back $30.5M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $408.9M. Capital expenditures of $18.9M left free cash flow of $552.9M.
Questions
What was Pentair's revenue in the second quarter 2026?
Pentair (PNR) reported revenue of $933M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -10% from the quarter before.
Was Pentair profitable in the second quarter 2026?
Operating profit was $166M (17.9% of revenue) and net earnings $129M.
Source: Pentair 10-Q on SEC EDGAR.