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Watsco WSO Q2 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$2.1BMiss by $38.0M
EPS$4.00Miss by $0.41
Revenue estimate$2.1B
EPS estimate$4.41
“Our technology platforms have continued to scale and deepen their impact for our customers. We believe that the growth in e-commerce, OnCallAir® and overall digital engagement across our network reflects the value these tools deliver to our customers every day. We have also progressed nicely with the various initiatives introduced at our investor day, including the formal launch of SupplySync and the scaling of the other initiatives announced. Our focus remains advancing these unique capabilities – with AI enabling better and faster speed to market – in ways that help our customers grow.”
A.J. Nahmad

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$2.2B
EPS estimate$4.15

Financials

Q2 2026

Income statement

See full
Revenue$2.1B+2.1%
Gross profit$578.9M-4.1%
Operating income$238.4M-12.3%
Net income$163.3M-11.0%
EPS (diluted)$4.00-11.5%

Balance sheet

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Cash & equivalents$364.2M+24.3%
Total debt$535.3M+14.3%
Total equity$3.0B+8.5%
Total assets$5.1B+7.5%

Cash flow

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Operating cash flow-$2.5M+66.0%
CapEx$9.0M+31.5%
Free cash flow-$11.5M+19.3%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$12.97B-21.7%
Enterprise value$13.14B-21.5%
P/E27.3×-3.9×
P/S1.8×-0.4×

Profitability

See full
Gross margin27.5%0.0pp
Operating margin9.4%-0.9pp
Net margin6.5%-0.5pp
FCF margin9.6%+4.3pp

Returns & leverage

See full
Return on equity16.5%-3.3pp
Debt / equity0.2×0.0×
Current ratio3.2×+0.1×

FAQ

When did Watsco report Q2 2026 earnings?
Watsco (WSO) reported Q2 2026 earnings on July 29, 2026 before market open.
What were Watsco's Q2 2026 revenue and EPS?
Watsco reported revenue of $2.1B and eps of $4.00 for Q2 2026.
Did Watsco beat estimates in Q2 2026?
Revenue missed the consensus estimate of $2.1B by $38.0M. EPS missed the consensus estimate of $4.41 by $0.41.
How did Watsco's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.1% from $2.1B a year earlier and eps declined 11.5% from $4.52.
Where can I find Watsco's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-322168) and the 10-Q periodic report (0001193125-26-340204) directly on SEC EDGAR. The filing index links above go to sec.gov.