Filing Flows › Valmont Industries (VMI) › Q2 2026 › vs Q2 2025
Valmont Industries (VMI) Q2 2026 vs Q2 2025 (year over year)
Valmont Industries's revenue rose $68.1M (+6%) from $1.1B in Q2 2025 to $1.1B in Q2 2026. The biggest changes: North America Utility +$116M (+34%); Agriculture −$45.5M (-16%); North America Telecommunications −$20.2M (-26%). Gross margin 30.5% against 30.6% (-0.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.5% | 30.6% | -0.1 pts |
| Operating margin | 14.8% | 2.8% | +12.1 pts |
| Net margin | 10.7% | -0.3% | +11.1 pts |
| Free cash flow margin | 10.0% | 12.9% | -2.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| North America Utility | $457M | $341M | $116M | +34% |
| Agriculture | $242M | $287M | −$45.5M | -16% |
| International Infrastructure and Solar | $166M | $154M | $11.5M | +7% |
| North America Lighting and Transportation | $131M | $134M | −$3.3M | -2% |
| North America Coatings | $66.8M | $56.8M | $10.0M | +18% |
| North America Telecommunications | $57.0M | $77.1M | −$20.2M | -26% |
| Revenue | $1.1B | $1.1B | $68.1M | +6% |
| Gross profit | $341M | $321M | $19.6M | +6% |
| Cost of revenue | $778M | $729M | $48.5M | +7% |
| Operating profit | $166M | $29.3M | $137M | +467% |
| Operating expenses | $175M | $292M | −$117M | -40% |
| Pre-tax earnings | $162M | $19.0M | $143M | +756% |
| Other expense, net | $3.6M | $10.3M | −$6.7M | -65% |
| Net earnings | $120M | −$3.3M | $124M | — |
| Income tax | $42.0M | $22.3M | $19.7M | +88% |
| Depreciation & amortization | $24.2M | $22.3M | $2.0M | +9% |
| Share-based compensation | $5.9M | $6.2M | −$279K | -5% |
| Working capital & other | $2.2M | −$142M | $145M | — |
| Operating cash flow | $148M | $168M | −$19.5M | -12% |
| Free cash flow (OCF − capex) | $112M | $136M | −$23.4M | -17% |
| Capital expenditures | $35.9M | $32.0M | $3.9M | +12% |
Questions
How much did Valmont Industries's revenue grow year over year in Q2 2026?
Valmont Industries's revenue rose $68.1M (+6%) from $1.1B in Q2 2025 to $1.1B in Q2 2026.
What drove Valmont Industries's revenue change in Q2 2026?
North America Utility +$116M (+34%); Agriculture −$45.5M (-16%); North America Telecommunications −$20.2M (-26%).