Filing Flows › Valaris (VAL) › Q2 2026 › vs Q1 2026
Valaris (VAL) Q2 2026 vs Q1 2026 (quarter over quarter)
Valaris's revenue rose $73.8M (+16%) from $465M in Q1 2026 to $539M in Q2 2026. Operating margin 9.5% against 4.3% (+5.2 pts).
Valaris, Q2 2026: revenue $539M (-12% year over year), operating margin 9.5%, net earnings $50.4M, operating cash flow $13.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.5% | 4.3% | +5.2 pts |
| Net margin | 9.3% | -3.5% | +12.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $539M | $465M | $73.8M | +16% |
| Other income, net | $29.5M | −$9.6M | $39.1M | — |
| Operating profit | $51.1M | $20.0M | $31.1M | +156% |
| Costs & expenses | $488M | $445M | $42.7M | +10% |
| Pre-tax earnings | $80.6M | $10.4M | $70.2M | +675% |
| Cost of revenue | $416M | $373M | $42.1M | +11% |
| General & admin | $27.2M | $25.3M | $1.9M | +8% |
| Other operating costs | $45.4M | $46.7M | −$1.3M | -3% |
| Loss borne by minority interests | $3.4M | $1.6M | $1.8M | +112% |
| Net earnings | $50.4M | −$16.4M | $66.8M | — |
| Income tax | $33.6M | $28.4M | $5.2M | +18% |
| Share-based compensation | $9.2M | $6.4M | $2.8M | +44% |
| Working capital & other | $46.5M | −$85.0M | $132M | — |
| Operating cash flow | $13.1M | $75.0M | −$61.9M | -83% |
| Capital expenditures | $106M | $101M | $4.6M | +5% |
| Negative free cash flow (OCF − capex) | $92.4M | $25.9M | $66.5M | +257% |
Questions
How much did Valaris's revenue grow quarter over quarter in Q2 2026?
Valaris's revenue rose $73.8M (+16%) from $465M in Q1 2026 to $539M in Q2 2026. Operating margin 9.5% against 4.3% (+5.2 pts).