Filing Flows › Valmont Industries (VMI) › Q2 2026 › vs Q1 2026
Valmont Industries (VMI) Q2 2026 vs Q1 2026 (quarter over quarter)
Valmont Industries's revenue rose $89.5M (+9%) from $1.0B in Q1 2026 to $1.1B in Q2 2026. The biggest changes: North America Utility +$32.6M (+8%); International Infrastructure and Solar +$27.2M (+20%); Agriculture +$16.0M (+7%). Gross margin 30.5% against 30.8% (-0.3 pts).
Valmont Industries, Q2 2026: revenue $1.1B (+6% year over year), operating margin 14.8%, net earnings $120M, operating cash flow $148M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.5% | 30.8% | -0.3 pts |
| Operating margin | 14.8% | 15.1% | -0.3 pts |
| Net margin | 10.7% | 10.5% | +0.3 pts |
| Free cash flow margin | 10.0% | 6.7% | +3.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| North America Utility | $457M | $424M | $32.6M | +8% |
| Agriculture | $242M | $226M | $16.0M | +7% |
| International Infrastructure and Solar | $166M | $138M | $27.2M | +20% |
| North America Lighting and Transportation | $131M | $119M | $11.8M | +10% |
| North America Coatings | $66.8M | $60.4M | $6.4M | +11% |
| North America Telecommunications | $57.0M | $61.5M | −$4.5M | -7% |
| Revenue | $1.1B | $1.0B | $89.5M | +9% |
| Gross profit | $341M | $317M | $23.9M | +8% |
| Cost of revenue | $778M | $712M | $65.6M | +9% |
| Operating profit | $166M | $156M | $10.5M | +7% |
| Operating expenses | $175M | $161M | $13.5M | +8% |
| Pre-tax earnings | $162M | $145M | $17.3M | +12% |
| Other expense, net | $3.6M | $10.5M | −$6.9M | -65% |
| Net earnings | $120M | $108M | $12.2M | +11% |
| Income tax | $42.0M | $37.1M | $4.9M | +13% |
| Depreciation & amortization | $24.2M | $22.6M | $1.6M | +7% |
| Share-based compensation | $5.9M | $5.5M | $355K | +6% |
| Working capital & other | $2.2M | $32.7M | −$30.5M | -93% |
| Operating cash flow | $148M | $103M | $44.6M | +43% |
| Free cash flow (OCF − capex) | $112M | $68.9M | $43.3M | +63% |
| Capital expenditures | $35.9M | $34.6M | $1.4M | +4% |
Questions
How much did Valmont Industries's revenue grow quarter over quarter in Q2 2026?
Valmont Industries's revenue rose $89.5M (+9%) from $1.0B in Q1 2026 to $1.1B in Q2 2026.
What drove Valmont Industries's revenue change in Q2 2026?
North America Utility +$32.6M (+8%); International Infrastructure and Solar +$27.2M (+20%); Agriculture +$16.0M (+7%).