Filing Flows › Portillo's (PTLO) › Q2 2026
Portillo's (PTLO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Portillo's (PTLO) reported revenue of $199M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before. Operating margin was 6.9%, net earnings $6.9M (3.5% of revenue).
Portillo's, Q2 2026: revenue $199M (+6% year over year), operating margin 6.9%, net earnings $6.9M, operating cash flow $17.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | +9% | +6% |
| Operating profit | $13.8M | +207% | -21% |
| Net earnings | $6.9M | — | -20% |
| Operating cash flow | $17.6M | +0.1% | -9% |
| Free cash flow | $5.9M | — | +13% |
What changed
Revenue was $199.0M in Q2 2026, up 6% year over year and up 9% from the previous quarter.
Operating profit was $13.8M, a 6.9% margin (down 2.4 points year over year). Operating profit fell $3.8M even though revenue rose $10.5M versus Q2 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 6%. Net earnings were $6.9M, down 20% year over year. The effective tax rate was 19.8%.
Operating cash flow was $17.6M (down 9% year over year), 246% of net income including minority interests. Non-cash charges added back $8.3M of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $11.7M left free cash flow of $5.9M.
Questions
What was Portillo's revenue in the second quarter 2026?
Portillo's (PTLO) reported revenue of $199M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before.
Was Portillo's profitable in the second quarter 2026?
Operating profit was $13.8M (6.9% of revenue) and net earnings $6.9M.
Source: Portillo's 10-Q on SEC EDGAR.