Filing Flows › Trane Technologies (TT) › Q2 2026
Trane Technologies (TT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Trane Technologies (TT) reported revenue of $6.4B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +28% from the quarter before. Operating margin was 19.3%, net earnings $926M (14.6% of revenue).
Trane Technologies, Q2 2026: revenue $6.4B (+11% year over year), operating margin 19.3%, net earnings $926M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4B | +28% | +11% |
| Operating profit | $1.2B | +58% | +5% |
| Net earnings | $926M | +58% | +6% |
| Operating cash flow | $1.1B | +74% | +57% |
| Free cash flow | $1.0B | +85% | +68% |
What changed
Revenue was $6.4B in Q2 2026, up 11% year over year and up 28% from the previous quarter.
Operating profit was $1.2B, a 19.3% margin (down 1.0 points year over year). Of the extra revenue versus Q2 2025, 10% reached operating profit, below the 20% margin then. Total costs grew 12% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $0.93B, up 6% year over year. The effective tax rate was 18.9%.
Operating cash flow was $1.1B (up 57% year over year), 116% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.08B left free cash flow of $1.0B.
Questions
What was Trane Technologies' revenue in the second quarter 2026?
Trane Technologies (TT) reported revenue of $6.4B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +28% from the quarter before.
Was Trane Technologies profitable in the second quarter 2026?
Operating profit was $1.2B (19.3% of revenue) and net earnings $926M.
Source: Trane Technologies 10-Q on SEC EDGAR.