Skip to content
Screener

Tronox TROX Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$868.0MBeat by $35.4M
EPS-$0.51Miss by $0.13
Revenue estimate$832.6M
EPS estimate-$0.38
The strong commercial momentum we experienced during the first quarter continued into the second quarter. TiO2 volumes came in at the high end of our guidance and at the highest level since the second quarter of 2022. Our ability to reliably serve customers through our global footprint supported volume performance during the quarter, and we continue to benefit from trade defense measures and structural shifts across the industry. Zircon volumes continued to strengthen in the second quarter, exceeding expectations and outperforming the already strong volumes delivered in the first quarter as supply remained constrained across the industry. Pricing for both TiO2 and zircon increased 5% sequentially, as previously announced increases were implemented across our markets. During the quarter, we also announced additional pricing increases for both TiO2 and zircon that are in effect for the third quarter.
John Romano

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$853.9M
EPS estimate-$0.16

Financials

Q2 2026

Income statement

See full
Revenue$868.0M+18.7%
Gross profit$55.0M-30.4%
Operating income-$21.0M+40.0%
Net income-$171.0M-104%
EPS (diluted)-$1.07-102%

Balance sheet

See full
Cash & equivalents$206.0M+54.9%
Total debt$3.5B+6.7%
Total equity$1.2B-29.5%
Total assets$6.0B-3.8%

Cash flow

See full
Operating cash flow$105.0M+275%
CapEx$45.0M-45.8%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$699.49M-10.9%
Enterprise value$3.97B+1.5%
P/S0.2×0.0×

Profitability

See full
Gross margin6.2%-8.1pp
Operating margin-7.2%-7.4pp
Net margin-18%-170pp

Returns & leverage

See full
Return on equity-39.1%-89.7pp
Debt / equity+1.0×
Current ratio2.5×+0.5×

Segments

By product

See full
TiO2$700.0M+19.3%
Zircon$97.0M+42.6%
Other Products$71.0M-6.6%

By segment

See full
Reportable Segment$868.0M+18.7%

FAQ

When did Tronox report Q2 2026 earnings?
Tronox (TROX) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Tronox's Q2 2026 revenue and EPS?
Tronox reported revenue of $868.0M and eps of $-0.51 for Q2 2026.
Did Tronox beat estimates in Q2 2026?
Revenue beat the consensus estimate of $832.6M by $35.4M. EPS missed the consensus estimate of $-0.38 by $0.13.
How did Tronox's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.7% from $731.0M a year earlier and eps declined 82.1% from $-0.28.
Where can I find Tronox's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001140361-26-031551) and the 10-Q periodic report (0001530804-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.