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QXO (QXO) investor relations material

QXO Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary13 Aug, 2026

Executive summary

  • Net sales for Q2 2026 reached $3.25 billion, up from $1.91 billion in Q2 2025, reflecting recent acquisitions.

  • Net loss for Q2 2026 was $55 million, compared to a $59 million loss in Q2 2025.

  • Adjusted Net Income for Q2 2026 was $130 million, up from $109 million in Q2 2025.

  • Adjusted EBITDA for Q2 2026 was $272 million, compared to $204 million in Q2 2025.

  • The company completed the TopBuild acquisition on July 1, expanding its scale and market presence.

Financial highlights

  • Gross profit for Q2 2026 was $803 million, with an adjusted gross margin of 24.7%.

  • Adjusted Diluted Earnings per Common Share for Q2 2026 was $0.08, down from $0.11 in Q2 2025.

  • Net margin for Q2 2026 was (1.7)%, while Adjusted EBITDA Margin was 8.4%.

  • Cash and cash equivalents at June 30, 2026 were $2.77 billion.

  • Total assets increased to $22.67 billion as of June 30, 2026.

Outlook and guidance

  • Management targets more than doubling EBITDA by 2030 and reaching $50 billion in revenue within the decade.

  • Focus remains on technology upgrades and integration of recent acquisitions to drive growth.

AI's role in business modernization
Funding sources for the TopBuild acquisition
Impact of Kodiak on the product sales mix
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