Filing Flows › Valmont Industries (VMI) › Q2 2026
Valmont Industries (VMI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Valmont Industries (VMI) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before. Operating margin was 14.8%, net earnings $120M (10.7% of revenue).
Valmont Industries, Q2 2026: revenue $1.1B (+6% year over year), operating margin 14.8%, net earnings $120M, operating cash flow $148M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +9% | +6% |
| Gross profit | $341M | +8% | +6% |
| Operating profit | $166M | +7% | +467% |
| Net earnings | $120M | +11% | — |
| Operating cash flow | $148M | +43% | -12% |
| Free cash flow | $112M | +63% | -17% |
What changed
Revenue was $1.1B in Q2 2026, up 6% year over year and up 9% from the previous quarter. North America Utility was the largest line at 41% of revenue. North America Utility added $0.12B year over year (up 34%), 170% of the total change. North America Telecommunications declined 26%.
Gross margin was 30.5%, down 0.1 points from Q2 2025. Operating profit was $0.17B, a 14.8% margin (up 12.1 points year over year). Of the extra revenue versus Q2 2025, 201% reached operating profit, above the 3% margin then. Operating expenses fell 40% while revenue rose 6%. Net earnings were $0.12B. The effective tax rate was 25.8%.
Operating cash flow was $0.15B (down 12% year over year), 123% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.04B left free cash flow of $0.11B.
Questions
What was Valmont Industries' revenue in the second quarter 2026?
Valmont Industries (VMI) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before.
Was Valmont Industries profitable in the second quarter 2026?
Operating profit was $166M (14.8% of revenue) and net earnings $120M.
Source: Valmont Industries 10-Q on SEC EDGAR.