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EarningsQ2 2026 Earnings Report
ULS Q2 2026 EPS Results
Actual EPS$0.59
Consensus EPS$0.56
Beat/MissBeat by +$0.03
One Year Ago EPS$0.52
ULS Q2 2026 Revenue Results
Actual Revenue$816.00M
Expected Revenue$813.62M
Beat/MissBeat by +$2.38M
YoY Revenue Growth+5.15%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
ULS Upcoming Earnings
UL Solutions Inc. Class A's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ULS Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance with record revenue, double-digit adjusted EBITDA growth, margin expansion, solid free cash flow growth, and strategic investments and product launches aligned with long-term megatrends. There are manageable near-term headwinds — notably higher incentive and stock-based compensation, elevated SG&A, the reported revenue impact from the EHS Software divestiture, and higher CapEx and acquisition-related expenses — but management characterized these as strategic, temporary or timing-related and reiterated full-year guidance. On balance, the positives (organic growth, margin expansion, cash flow strength, strategic capability additions and portfolio actions) outweigh the lowlights.Company Guidance
Record Revenue and Strong Organic Growth
Consolidated revenue of $816M, up 5.2% year-over-year, including organic revenue growth of 6.6%; management emphasized this as a quarterly record and noted organic growth despite planned revenue reductions from Restructuring Plan exits.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA rose to $219M, up 11.2% year-over-year; adjusted EBITDA margin expanded 140 basis points to 26.8%, with full-year margin guidance raised to approximately 27%.
Earnings Per Share and Adjusted Net Income Growth
Adjusted diluted EPS increased to $0.59, up 13.5% from $0.52; adjusted net income was $129M, up 17.3% from $110M.
Segment Performance — Consumer
Consumer revenues of $362M, up 6.5% (6.2% organic); adjusted EBITDA for Consumer increased 24.2% to $77M and margin expanded 310 basis points to 21.3%, driven by operating leverage, higher productivity and exit of lower-margin service lines.
Segment Performance — Industrial
Industrial revenues of $402M, up 7.8% (7.2% organic) with strength in materials, energy and automation; adjusted EBITDA rose 7.4% to $130M and operating margin improved on better cost of revenue (190 bps improvement YoY).
Cash Flow and Balance Sheet Strength
Trailing 12-month operating cash flow of $678M and free cash flow of $436M (up 19.8% YoY); free cash flow margin improved to 13.9% from 12.3%. Cash and equivalents $434M and total debt down to $303M from $494M, reflecting $191M net repayments.
Strategic Product and Capability Launches
Launched AI-powered ULTRUS UL 360 capability for product carbon footprinting (improving Scope 3 supplier emissions data), achieved first hazardous-location robotics certification under UL 6260, and opened a high-voltage/high-speed automotive technology and EMC center in Toyota City, Japan.
Capital Deployment and Portfolio Actions
Continuing expected close of Eurofins Electrical & Electronics acquisition in Q4 2026 and on-track sale of DQS stake in H2 2026; capital projects include investments in lab capacity and technology with full-year CapEx guidance raised to ~8.5% of revenue to support demand.
Recognition for Safety Leadership
UL Solutions won the Robert W. Campbell Award from the National Safety Council, underscoring company commitment to workplace safety and mission alignment.
ULS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed