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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 rose to $3.25B from $1.91B in Q2 2025, reflecting major acquisitions including Kodiak Building Partners ($2.22B, April 2026) and TopBuild Corp. ($15B, July 2026), expanding scale and product offerings.

  • Gross profit for Q2 2026 increased to $803M from $401M in Q2 2025; gross margin improved to 24.7%.

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

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

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

Financial highlights

  • Q2 2026 net sales: $3.25B (up from $1.91B in Q2 2025); H1 2026 net sales: $4.98B (up from $1.92B in H1 2025).

  • Q2 2026 gross profit: $803M; gross margin: 24.7%.

  • Q2 2026 net loss: $55M; H1 2026 net loss: $282M.

  • Adjusted EBITDA for Q2 2026: $272M (8.4% margin); H1 2026: $273M (5.5% margin).

  • Adjusted diluted EPS for Q2 2026: $0.08; adjusted net income: $73M.

Outlook and guidance

  • Targeting $50B in annual revenues within the next decade and more than doubling EBITDA by 2030 through acquisitions and organic growth.

  • Plans to report new segment structure following integration of recent acquisitions.

  • Focus on technology upgrades and integration to drive growth.

  • Management expects continued growth from expanded product offerings and geographic reach.

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