Filing Flows › PPG Industries (PPG) › Q2 2026
PPG Industries (PPG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
PPG Industries (PPG) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +14% from the quarter before. Operating margin was 16.5%, net earnings $437M (9.7% of revenue).
PPG Industries, Q2 2026: revenue $4.5B (+7% year over year), operating margin 16.5%, net earnings $437M, operating cash flow $559M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +14% | +7% |
| Operating profit | $743M | +17% | 0% |
| Net earnings | $437M | +14% | -3% |
| Operating cash flow | $559M | 17× | +44% |
| Free cash flow | $446M | — | +68% |
What changed
Revenue was $4.5B in Q2 2026, up 7% year over year and up 14% from the previous quarter. Industrial Coatings was the largest line at 40% of revenue. Industrial Coatings added $0.11B year over year (up 7%), 38% of the total change.
Operating profit was $0.74B, a 16.5% margin (down 1.2 points year over year). Of the extra revenue versus Q2 2025, 0% reached operating profit, below the 18% margin then. Total costs grew 9% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+10%). Net earnings were $0.44B, down 3% year over year. The effective tax rate was 22.4%.
Operating cash flow was $0.56B (up 44% year over year), 127% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.11B left free cash flow of $0.45B.
Questions
What was PPG Industries' revenue in the second quarter 2026?
PPG Industries (PPG) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +14% from the quarter before.
Was PPG Industries profitable in the second quarter 2026?
Operating profit was $743M (16.5% of revenue) and net earnings $437M.
Source: PPG Industries 10-Q on SEC EDGAR.