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Xylem XYL Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$2.3BMiss by $5.5M
EPS$1.46Beat by $0.11
Revenue estimate$2.3B
EPS estimate$1.35
“Water is becoming increasingly strategic for both utilities and industrial customers. We've spent the past several years positioning Xylem for this. Now we're seeing that strategy create new opportunities and strengthen our competitive position. With a resilient municipal foundation, increasing exposure to attractive industrial markets and a more focused portfolio, we believe Xylem is well positioned for long-term growth and profitability.”
Matthew Pine

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$2.3B
EPS estimate$1.47

Financials

Q2 2026

Income statement

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Revenue$2.3B+1.5%
Gross profit$963.0M+8.0%
Operating income$390.0M+27.9%
Net income$263.0M+16.4%
EPS (diluted)$1.11+19.4%

Balance sheet

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Cash & equivalents$1.3B+9.1%
Total debt$3.6B+63.6%
Total equity$10.4B-5.9%
Total assets$17.3B+0.9%

Cash flow

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Operating cash flow$290.0M-4.9%
CapEx$89.0M-9.2%
Free cash flow$201.0M-2.9%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$26.48B-24.8%
Enterprise value$28.79B-20.5%
P/E26×-11.5×
P/S2.9×-1.1×

Profitability

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Gross margin39.2%+1.4pp
Operating margin14.5%+2.1pp
Net margin11.2%+0.4pp
FCF margin10.5%+0.4pp

Returns & leverage

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Return on equity9.5%+0.7pp
Debt / equity0.3×+0.1×
Current ratio1.6×-0.3×

Segments

By product

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Transport$421.0M+9.4%
Smart Metering and Other$415.0M-7.6%
Capital and Other$314.0M+5.0%
Building Solutions$286.0M+5.9%
Treatment$262.0M-1.1%

By segment

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Water Infrastructure$683.0M—
Measurement and Control Solutions$508.0M-5.9%
Applied Water$501.0M—

By geography

See full
Western Europe$452.0M-2.0%
Emerging Markets$286.0M-6.5%
Other$236.0M—

FAQ

When did Xylem report Q2 2026 earnings?
Xylem (XYL) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Xylem's Q2 2026 revenue and EPS?
Xylem reported revenue of $2.3B and eps of $1.46 for Q2 2026.
Did Xylem beat estimates in Q2 2026?
Revenue missed the consensus estimate of $2.3B by $5.5M. EPS beat the consensus estimate of $1.35 by $0.11.
How did Xylem's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.5% from $2.3B a year earlier and eps grew 15.9% from $1.26.
Where can I find Xylem's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001524472-26-000108) and the 10-Q periodic report (0001524472-26-000110) directly on SEC EDGAR. The filing index links above go to sec.gov.