Filing Flows › Primo Brands (PRMB) › Q2 2026
Primo Brands (PRMB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Primo Brands (PRMB) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +4% from a year earlier and +10% from the quarter before. Operating margin was 10.0%, net earnings $69.2M (3.9% of revenue).
Primo Brands, Q2 2026: revenue $1.8B (+4% year over year), operating margin 10.0%, net earnings $69.2M, operating cash flow $228M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +10% | +4% |
| Gross profit | $549M | +18% | +1% |
| Operating profit | $180M | +31% | +60% |
| Net earnings | $69.2M | +153% | +151% |
| Operating cash flow | $228M | +120% | +47% |
| Free cash flow | $142M | — | +41% |
What changed
Revenue was $1.8B in Q2 2026, up 4% year over year and up 10% from the previous quarter. Regional spring water was the largest line at 51% of revenue. Regional spring water added $0.04B year over year (up 4%), 54% of the total change. Other water declined 10%.
Gross margin was 30.5%, down 0.7 points from Q2 2025. Operating profit was $0.18B, a 10.0% margin (up 3.5 points year over year). Of the extra revenue versus Q2 2025, 102% reached operating profit, above the 7% margin then. Operating expenses fell 14% while revenue rose 4%. Net earnings were $0.07B, up 151% year over year. The effective tax rate was 28.7%.
Operating cash flow was $0.23B (up 47% year over year), 329% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.14B.
Questions
What was Primo Brands' revenue in the second quarter 2026?
Primo Brands (PRMB) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +4% from a year earlier and +10% from the quarter before.
Was Primo Brands profitable in the second quarter 2026?
Operating profit was $180M (10.0% of revenue) and net earnings $69.2M.
Source: Primo Brands 10-Q on SEC EDGAR.