Q2 FY2026 results exceeded expectations in revenue, core operating margin, and core EPS, driven by broad-based strength in Intelligent Infrastructure and Regulated Industries, with Connected Living & Digital Commerce declining.
Net revenue for Q2 FY2026 reached $8.3 billion, up 23% year-over-year, with net income attributable to shareholders rising to $223 million and diluted EPS at $2.08; core (non-GAAP) diluted EPS was $2.69.
Gross profit margin improved to 9.0% from 8.6% year-over-year, reflecting favorable product mix.
The company completed the acquisitions of Hanley Energy Group and Rebound Technologies, expanding capabilities in data center infrastructure and supply chain services.
Raised full-year FY2026 outlook for revenue and core EPS, citing confidence in the second half and focus on profitable growth, margin expansion, and strong cash generation.
Q2 FY2026 net revenue: $8.3 billion, up from $6.7 billion year-over-year.
Q2 FY2026 GAAP operating income: $374 million; core operating income (Non-GAAP): $436 million.
Q2 FY2026 GAAP diluted EPS: $2.08; core diluted EPS (Non-GAAP): $2.69.
Adjusted free cash flow for Q2 was $360 million; for the six months ended Feb 28, 2026, adjusted free cash flow was $632 million.
Ended Q2 with $1.8 billion in cash and repurchased $300 million in shares during the quarter.
Q3 FY2026 net revenue guidance: $8.1–$8.9 billion.
Q3 FY2026 core operating income (Non-GAAP): $452–$512 million; GAAP operating income: $398–$458 million.
Q3 FY2026 core diluted EPS (Non-GAAP): $2.83–$3.23; GAAP diluted EPS: $2.36–$2.76.
FY2026 outlook: net revenue $34 billion, core operating margin 5.7%, core diluted EPS $12.25, adjusted free cash flow over $1.3 billion.
Capital expenditures for FY2026 expected at ~1% of revenue, increasing to 1.5–2% in FY2027.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Explore our global coverage