Filing Flows › Smith Midland (SMID) › Q2 2026 › vs Q1 2026
Smith Midland (SMID) Q2 2026 vs Q1 2026 (quarter over quarter)
Smith Midland's revenue rose $1.8M (+8%) from $21.6M in Q1 2026 to $23.4M in Q2 2026. Gross margin 23.2% against 19.9% (+3.2 pts).
Smith Midland, Q2 2026: revenue $23.4M (-11% year over year), operating margin 8.5%, net earnings $1.4M, operating cash flow −$485K. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 23.2% | 19.9% | +3.2 pts |
| Operating margin | 8.5% | 8.0% | +0.5 pts |
| Net margin | 5.9% | 6.2% | -0.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $23.4M | $21.6M | $1.8M | +8% |
| Gross profit | $5.4M | $4.3M | $1.1M | +26% |
| Cost of revenue | $17.9M | $17.3M | $675K | +4% |
| Operating profit | $2.0M | $1.7M | $257K | +15% |
| Operating expenses | $3.4M | $2.6M | $859K | +33% |
| Pre-tax earnings | $1.8M | $1.8M | $54K | +3% |
| Other expense, net | $170K | −$33K | $203K | — |
| Sales & marketing | $951K | $822K | $129K | +16% |
| General & admin | $2.5M | $1.8M | $730K | +42% |
| Net earnings | $1.4M | $1.3M | $42K | +3% |
| Income tax | $434K | $422K | $12K | +3% |
| Operating cash sources | $2.9M | −$840K | $3.7M | — |
| Depreciation & amortization | $1.0M | $951K | $84K | +9% |
| Cash used in operations | $485K | −$3.1M | $3.6M | — |
| Working capital & other | $2.9M | −$825K | $3.7M | — |
Questions
How much did Smith Midland's revenue grow quarter over quarter in Q2 2026?
Smith Midland's revenue rose $1.8M (+8%) from $21.6M in Q1 2026 to $23.4M in Q2 2026. Gross margin 23.2% against 19.9% (+3.2 pts).