UL Solutions Inc · Q2 2026 earnings

Briefing

UL Solutions Inc reported strong Q2 2026 results with revenue growth and significant margin expansion driven by a major divestiture gain.

UL Solutions achieved revenue of $816 million, up 5.2% year-over-year with 6.6% organic growth. Net income surged to $254 million due to a $191 million gain on divestiture of the Employee Health and Safety software business, while Adjusted EBITDA reached $219 million with margin expanding 140 basis points to 26.8%. The company maintained strong cash generation and provided an optimistic full-year outlook aligned with megatrends.

• Revenue grew 5.2% to $816 million with 6.6% organic growth led by Industrial and Consumer segments.
• Net income increased 161.9% to $254 million and diluted EPS rose 168.9% to $1.21, boosted by the software business divestiture.
• Adjusted Net Income rose 17.3% to $129 million and Adjusted Diluted EPS increased 13.5% to $0.59 with Adjusted EBITDA margin expanding 140 bps to 26.8%.
• Company paid $0.145 per share dividend and ended quarter with $434 million cash after strong operating cash flow and strategic capex.

Headline financials

Revenue & EPS history

Company expects mid-single digit constant currency organic revenue growth inclusive of ~1% reduction from business exits, Adjusted EBITDA margin of ~27.0%, effective tax rate ~26%, and capex ~8.5% of revenue.