QXO

Q2 FY2026 EarningsQ2 FY26 performance was mixed against consensus: Revenue reached $3,246M, beating the $3,178.8M estimate (+2.11%), primarily driven by the full-quarter contribution of the Kodiak Acquisition. However, Adjusted EPS of $0.08 was largely in-line with the $0.079 consensus. While Gross Margin at 24.7% missed the 25.67% mean expectation by -0.97pct, operating efficiencies and scaling of the building products segment helped mitigate bottom-line impact. Management successfully closed the $15B TopBuild acquisition on July 1, 2026, which significantly resets the pro-forma revenue run-rate for H2 FY26.