Sales growth was led by industrial, safety, semiconductor, and data-center demand
Q2 FY2026 net sales were $6.5B, up 2.4% year over year, including 2.3% organic growth. Management attributed growth to industrial, safety, semiconductor, and data-center markets, partly offset by weakness in consumer and consumer-electronics markets and the year-over-year effect of the manufactured-PFAS-products special item.
GAAP operating margin declined, while adjusted margin expanded
GAAP operating income margin was 15.1%, down 2.9 percentage points year over year, primarily reflecting higher losses on business divestitures and transformation costs. Adjusted operating margin was 24.9%, up 0.4 percentage points, with growth, productivity, and favorable foreign exchange partly offsetting tariffs, PFAS-exit cost dis-synergies, and growth investments.
Safety and Industrial was the strongest segment
Safety and Industrial sales rose 8.2% to $3.091B, with 8.2% organic growth, while segment operating income increased 16.4% to $859M and margin rose to 27.8% from 25.8%. Management cited electrical markets, abrasives, industrial adhesives and tapes, personal safety, and roofing granules as growth areas.