A. O. Smith (AOS) Q2 FY2026 earnings: revenue $1.0 billion, down 0.7% on the year
A. O. Smith Corp. (AOS) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 0.7% on the same quarter a year earlier. Net income was $125 million, down 17.9% on the year, and diluted earnings per share $0.91. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.
Revenue
$1.0 billion
-0.7% on the year · +6.2% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
16.5%
20.4% a year earlier
Q3 FY2024Q2 FY2026
Net income
$125 million
-17.9% on the year · +5.8% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$0.91
-15.0% on the year · +7.1% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Net earnings and EPS declined: Net sales were $1,004.3 million, down 1%. Net earnings were $124.9 million against $152.2 million, and diluted EPS was $0.91 against $1.07, after the restructuring charge.
North America sales rose 5%: North America sales of $820.5 million rose 5%, with boiler growth and carryover pricing offsetting lower residential water heater volumes. Segment earnings were $177.2 million.
Rest of World sales fell 19%: Rest of World sales were $194.9 million, down 19%. China sales fell 28% in local currency, and currency translation added $6 million, mainly from China sales.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
124
129
140
-3.9%
-10.9%
Capital expenditure
10.0
10.5
17.1
-4.8%
-41.5%
Free cash flow
114
119
122
-3.8%
-6.6%
Free cash flow margin
11.4%
12.6%
12.1%
Cash from investing
8.7
-480
9.0
-3.3%
Cash from financing
-138
361
-146
Depreciation and amortisation
24.6
23.9
20.5
+2.9%
+20.0%
Share-based compensation
2.7
6.6
2.5
-59.1%
+8.0%
Buybacks
111
51.3
131
+116.6%
-15.0%
Dividends paid
49.6
50.2
48.3
-1.2%
+2.7%
Dividend per share
$0.36
$0.36
$0.34
0.0%
+5.9%
Diluted shares, weighted
138m
139m
142m
-0.9%
-3.2%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,842
1,878
1,846
-1.9%
-0.2%
Debt
638
616
303
+3.5%
+110.1%
Operating lease liabilities
39.2
40.7
28.2
-3.7%
+39.0%
Other liabilities
1,126
1,116
1,069
+0.9%
+5.3%
Total liabilities and equity
3,644
3,650
3,247
-0.2%
+12.3%
Fixed assets
619
632
637
-2.1%
-2.8%
Goodwill
915
920
714
-0.5%
+28.3%
Intangible assets
589
599
372
-1.6%
+58.3%
Investments
0.0
18.7
0.0
Cash and equivalents
181
185
178
-2.1%
+1.9%
Receivables
670
634
640
+5.6%
+4.6%
Inventory
483
488
519
-1.2%
-7.0%
Other assets
188
173
186
+8.4%
+0.5%
Total assets
3,644
3,650
3,247
-0.2%
+12.3%
Questions
What was A. O. Smith's revenue in Q2 FY2026?
A. O. Smith (AOS) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 0.7% on the same quarter a year earlier.
How much did A. O. Smith earn in Q2 FY2026?
Net income for Q2 FY2026 was $125 million, down 17.9% on the year, and diluted earnings per share $0.91.
When did A. O. Smith report Q2 FY2026 results?
A. O. Smith filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 30 July 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2026, filed 30 July 2026: the filing.