Filing Flows › Scotts Miracle-Gro (SMG) › Q2 FY26
Scotts Miracle-Gro (SMG) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
Scotts Miracle-Gro (SMG) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +312% from the quarter before. Operating margin was 27.5%, net earnings $239M (16.3% of revenue).
Scotts Miracle-Gro, Q2 FY26: revenue $1.5B (+5% year over year), operating margin 27.5%, net earnings $239M, operating cash flow $220M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +312% | +5% |
| Gross profit | $610M | +588% | +13% |
| Operating profit | $402M | — | +15% |
| Net earnings | $239M | — | +10% |
| Operating cash flow | $220M | — | +17% |
| Free cash flow | $201M | — | +12% |
What changed
Revenue was $1.5B in Q2 FY26, up 5% year over year and up 312% from the previous quarter. U.S. Consumer reportable segment was the largest line at 94% of revenue. U.S. Consumer reportable segment added $0.07B year over year (up 5%), 94% of the total change.
Gross margin was 41.8%, up 2.8 points from Q2 FY25. Operating profit was $0.40B, a 27.5% margin (up 2.4 points year over year). Of the extra revenue versus Q2 FY25, 75% reached operating profit, above the 25% margin then. Operating expenses grew 8% against revenue growth of 5%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.24B, up 10% year over year. The effective tax rate was 29.9%.
Operating cash flow was $0.22B (up 17% year over year), 92% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.02B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B left free cash flow of $0.20B.
Questions
What was Scotts Miracle-Gro's revenue in the second quarter fiscal 2026?
Scotts Miracle-Gro (SMG) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +312% from the quarter before.
Was Scotts Miracle-Gro profitable in the second quarter fiscal 2026?
Operating profit was $402M (27.5% of revenue) and net earnings $239M.
Source: Scotts Miracle-Gro 10-Q on SEC EDGAR.