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Pentair PNR Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$932.6MMiss by $10.6M
Adjusted EPS$1.14Beat by $0.02
Revenue estimate$943.2M
EPS estimate$1.12
As shared in the July 14th preannouncement, our results were below expectations due primarily to a larger-than-anticipated inventory correction in the Pool channel. We are confident this is a temporary channel reset rather than a change in the underlying long-term opportunity for the business and are taking swift actions to improve execution, enhance inventory visibility and support healthier order patterns, positioning our Pool business to deliver robust growth in 2027. Importantly, Flow and Water Solutions continued to deliver solid performance and are progressing against their respective growth priorities. We remain focused on executing our clear plan to expand in key growth markets, advance innovation and deliver exceptional customer service to drive long-term profitable growth and shareholder value.
Chief Executive Officer

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$966.0M
EPS estimate$1.08

Financials

Q2 2026

Income statement

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Revenue$932.6M-17.0%
Gross profit$395.0M-13.5%
Operating income$166.5M-23.5%
Net income$128.6M-13.4%
EPS (diluted)$0.80-11.1%

Balance sheet

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Cash & equivalents$91.8M-35.8%
Total debt$1.8B+17.6%
Total equity$3.7B+2.1%
Total assets$6.7B+3.6%

Cash flow

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Operating cash flow$571.8M-5.7%
CapEx$18.9M+73.4%
Free cash flow$552.9M-7.2%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$10.03B-44.0%
Enterprise value$11.71B-39.3%
P/E15.4×-14.0×
P/S2.5×-1.9×

Profitability

See full
Gross margin41.3%+1.6pp
Operating margin20.3%+0.9pp
Net margin16.2%+1.4pp
FCF margin16.8%-3.6pp

Returns & leverage

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Return on equity17.6%+0.4pp
Debt / equity0.5×+0.1×
Current ratio1.5×0.0×

Segments

By segment

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Water Solutions$422.0M+41.5%
Flow$263.7M-33.6%
Pool$246.6M-42.3%

By geography

See full
Developing$121.7M-10.5%
Western Europe$121.3M-1.0%
Other Developed$65.0M+13.6%

FAQ

When did Pentair report Q2 2026 earnings?
Pentair (PNR) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Pentair's Q2 2026 revenue and EPS?
Pentair reported revenue of $932.6M and adjusted eps of $1.14 for Q2 2026.
Did Pentair beat estimates in Q2 2026?
Revenue missed the consensus estimate of $943.2M by $10.6M. EPS beat the consensus estimate of $1.12 by $0.02.
Where can I find Pentair's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000077360-26-000042) and the 10-Q periodic report (0000077360-26-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.