QXO Q2 2026: Revenue Jumps to $3.25B, Adjusted EPS at $0.08
QXO sits 15% above its 52-week low of $13.18.
Summary
QXO delivered Q2 2026 revenue of $3.25 billion, up 70% year-over-year, with adjusted EBITDA of $272 million. The TopBuild acquisition closed on July 1, making QXO the second-largest building products distributor in North America.
Key Events · Earnings and Guidance · QXO
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Revenue Surges 70% to $3.25B
Net sales for Q2 2026 reached $3.246 billion, up from $1.906 billion in Q2 2025, including $595 million from the Kodiak acquisition completed April 1, 2026.
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Adjusted EBITDA Rises to $272M
Adjusted EBITDA increased 33% year-over-year to $272 million, with adjusted net income of $130 million, though GAAP net loss was $55 million due to amortization and transaction costs.
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TopBuild Acquisition Completed
The $17 billion TopBuild acquisition closed on July 1, 2026, making QXO the second-largest publicly traded building products distributor in North America.
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Long-Term Targets Reaffirmed
CEO Brad Jacobs reiterated plans to more than double EBITDA by 2030 and reach $50 billion in annual revenue within the decade through acquisitions and organic growth.
Analysis · QXO · Trade & Services
The second quarter marked a dramatic inflection point, with revenue climbing to $3.25 billion from $1.91 billion a year earlier on the back of the Kodiak acquisition and organic momentum. A GAAP net loss of $55 million was recorded, yet adjusted EBITDA rose to $272 million and adjusted net income reached $130 million. With the TopBuild acquisition completed on July 1, QXO now stands as the second-largest publicly traded building products distributor in North America, and management is targeting $50 billion in revenue within the decade. The results underscore the company's aggressive M&A strategy and integration progress, though adjusted diluted EPS of $0.08 came in below the prior year's $0.11 due to a higher share count and acquisition-related costs.
At the time of this filing, QXO was trading at $15.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $15.4B. The 52-week trading range was $13.18 to $27.61. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.