DD · 10-Q · 2026Q2 · Full report
Operating Margin Drivers
DuPont de Nemours, Inc. · 2026-08-04 · Importance 49 · Surprise 32 · No source text
Cost of sales was $1.2 billion in the second quarter of 2026, and its ratio to sales remained 65%, while the six-month ratio improved to 65% from 66% in 2025. The six-month improvement reflected increased sales volume and productivity initiatives. Segment Operating EBITDA increased 4% to $258 million in Healthcare & Water Technologies and 7% to $213 million in Diversified Industrials during the second quarter, with manufacturing productivity, favorable mix, and organic growth offsetting growth investments.
Key facts
- Sundry income (expense) – net in the second quarter of 2026 was income of $42 million compared with expense of $9 million in the second quarter of 2025. source
- Interest expense was $41 million and $84 million for the three months ended June 30, 2026 and 2025, respectively, and $81 million and $167 million for the six months ended June 30, 2026 and 2025, respectively. source
- Cost of sales was $1,228 million for the three months ended June 30, 2026, up slightly from $1,130 million for the three months ended June 30, 2025, and cost of sales as a percentage of net sales was 65 percent for both periods. source
- Cost of sales was $2,320 million for the six months ended June 30, 2026, slightly up from $2,235 million for the six months ended June 30, 2025, and cost of sales as a percentage of net sales was 65 percent and 66 percent for the six months ended June 30, 2026 and 2025, respectively. source
- SG&A expenses were $269 million in the second quarter of 2026, slightly up from $262 million in the second quarter of 2025; SG&A as a percentage of net sales was 15 percent for the three months ended June 30, 2026 and 2025. source
- For the first six months of 2026, SG&A expenses were $524 million, up from $496 million in the first six months of 2025; SG&A as a percentage of net sales was 15 percent for the six months ended June 30, 2026 and 2025. source
- Amortization of intangibles was $68 million in the second quarter of 2026, down from $74 million in the second quarter of 2025; amortization was $136 million for the first six months of 2026, down from $149 million in the same period of the prior year. source
- Sundry income (expense) – net for the first six months of 2026 was income of $78 million, compared with income of $91 million in the first six months of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -5.4% | Cost of sales was $1,228 million for the three months ended June 30, 2026, up slightly from $1,130 million for the three months ended June… |
| net_income | positive | realized | +4.7% | Interest expense was $41 million and $84 million for the three months ended June 30, 2026 and 2025, respectively, and $81 million and $167… |
| operating_income | negative | realized | -4.7% | Cost of sales was $2,320 million for the six months ended June 30, 2026, slightly up from $2,235 million for the six months ended June 30,… |
| operating_income | positive | realized | +2.8% | Sundry income (expense) – net in the second quarter of 2026 was income of $42 million compared with expense of $9 million in the second… |
| net_income | positive | realized | +2.4% | Interest expense was $41 million and $84 million for the three months ended June 30, 2026 and 2025, respectively, and $81 million and $167… |
| operating_income | negative | realized | -1.5% | For the first six months of 2026, SG&A expenses were $524 million, up from $496 million in the first six months of 2025; SG&A as a… |
| operating_income | negative | realized | -0.4% | SG&A expenses were $269 million in the second quarter of 2026, slightly up from $262 million in the second quarter of 2025; SG&A as a… |