Avista (AVA) Q2 FY2026 earnings: revenue $413 million, up 0.5% on the year

Avista Corp. (AVA) reported revenue of $413 million for Q2 FY2026, the quarter ended 30 June 2026, up 0.5% on the same quarter a year earlier. Net income was $35 million, up 150.0% on the year, and diluted earnings per share $0.43. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue$413 millionup 0.5%

Net income$35 millionup 150.0%

Diluted EPS$0.43

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	413	570	411	+0.5%
Operating income	54.0	134	57.0	-5.3%
Operating margin	13.1%	23.5%	13.9%
Pre-tax income	41.0	105	15.0	+173.3%
Income tax	6.0	13.0	1.0	+500.0%
Effective tax rate	14.6%	12.4%	6.7%
Net income	35.0	92.0	14.0	+150.0%
Net margin	8.5%	16.1%	3.4%
Diluted EPS	$0.43	$1.11	$0.17	+152.9%

$ million except per share.

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. 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 and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	122	179	40.0	+205.0%
Capital expenditure	176	150	143	+23.1%
Free cash flow	-54.0	29.0	-103	n/a
Free cash flow margin	-13.1%	5.1%	-25.1%
Cash from investing	-186	-148	-145	n/a
Cash from financing	71.0	-32.0	97.0	-26.8%
Depreciation and amortisation	68.0	67.0	72.0	-5.6%
Share-based compensation	6.0	3.0	4.0	+50.0%
Dividends paid	40.0	41.0	39.0	+2.6%
Dividend per share	$0.49	$0.49	$0.49	+0.6%
Diluted shares, weighted	83m	82m	81m	+2.9%
Shares outstanding at period end	84m	83m	81m	+3.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	2,821	2,776	2,645	+6.7%
Debt	3,260	3,191	3,071	+6.2%
Operating lease liabilities	61.0	61.0	63.0	-3.2%
Finance lease liabilities	30.0	31.0	34.0	-11.8%
Other liabilities	2,363	2,349	2,252	+4.9%
Total liabilities and equity	8,535	8,408	8,065	+5.8%
Goodwill	52.0	52.0	52.0	+0.0%
Cash and equivalents	25.0	18.0	9.0	+177.8%
Receivables	153	195	170	-10.0%
Inventory	264	241	216	+22.2%
Other assets	8,041	7,902	7,618	+5.6%
Total assets	8,535	8,408	8,065	+5.8%

Questions

What was Avista's revenue in Q2 FY2026?

Avista (AVA) reported revenue of $413 million for Q2 FY2026, the quarter ended 30 June 2026, up 0.5% on the same quarter a year earlier.

How much did Avista earn in Q2 FY2026?

Net income for Q2 FY2026 was $35 million, up 150.0% on the year, and diluted earnings per share $0.43.

When did Avista report Q2 FY2026 results?

Avista filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 3 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	380	517	609	402	394	533	617	411	403	533	570	413
Operating income	38.1	99.2	101	55.0	49.0	102	125	57.0	60.0	112	134	54.0
Operating margin	10%	19%	17%	14%	12%	19%	20%	14%	15%	21%	24%	13%
Pre-tax income	10.9	66.7	73.0	24.0	18.0	68.0	91.0	15.0	31.0	80.0	105	41.0
Tax rate	-35%	-26%	3%	4%	0%	0%	13%	7%	6%	11%	12%	15%
Net income	14.7	84.1	71.0	23.0	18.0	67.2	79.0	14.0	29.0	71.0	92.0	35.0
Net margin	4%	16%	12%	6%	5%	13%	13%	3%	7%	13%	16%	8%
Diluted EPS	$0.19	$1.09	$0.91	$0.29	$0.23	$0.86	$0.98	$0.17	$0.36	$0.87	$1.11	$0.43
Operating cash flow	124	53.8	190	127	127	89.8	184	40.0	170	75.0	179	122
Capital expenditure	133	139	119	132	154	128	103	143	133	191	150	176
Free cash flow	-8.8	-85.6	71.1	-5.7	-27.0	-37.8	81.0	-103	37.0	-116	29.0	-54.0
Dividends paid	35.2	35.8	38.0	37.3	37.4	37.5	40.0	39.0	40.0	40.0	41.0	40.0
Shares outstanding	77m	78m	78m	79m	79m	80m	81m	81m	81m	82m	83m	84m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* 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 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.

Source

10-Q for the period ended 30 June 2026, filed 3 August 2026, accession 0001193125-26-329083: the filing on EDGAR. All of Avista Corp.'s filings: EDGAR company page.

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