Filing Flows › Smurfit Westrock (SW) › Q2 2026
Smurfit Westrock (SW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Smurfit Westrock (SW) reported revenue of $8.0B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +4% from the quarter before. Operating margin was 3.8%, net earnings $88.0M (1.1% of revenue).
Smurfit Westrock, Q2 2026: revenue $8.0B (+1% year over year), operating margin 3.8%, net earnings $88.0M, operating cash flow $765M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0B | +4% | +1% |
| Gross profit | $1.4B | +10% | -8% |
| Operating profit | $309M | +22% | +23% |
| Net earnings | $88.0M | +40% | — |
| Operating cash flow | $765M | +275% | -8% |
| Free cash flow | $300M | — | -2% |
What changed
Revenue was $8.0B in Q2 2026, up 1% year over year and up 4% from the previous quarter. North America was the largest line at 58% of revenue. LATAM added $0.04B year over year (up 9%), 48% of the total change.
Gross margin was 17.4%, down 1.7 points from Q2 2025. Operating profit was $0.31B, a 3.8% margin (up 0.7 points year over year). Of the extra revenue versus Q2 2025, 64% reached operating profit, above the 3% margin then. Operating expenses fell 14% while revenue rose 1%. Net earnings were $0.09B. The effective tax rate was 31.2%.
Operating cash flow was $0.77B (down 8% year over year), 869% of net earnings. Non-cash charges added back $0.68B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.47B left free cash flow of $0.30B.
Questions
What was Smurfit Westrock's revenue in the second quarter 2026?
Smurfit Westrock (SW) reported revenue of $8.0B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +4% from the quarter before.
Was Smurfit Westrock profitable in the second quarter 2026?
Operating profit was $309M (3.8% of revenue) and net earnings $88.0M.
Source: Smurfit Westrock 10-Q on SEC EDGAR.