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Did Watsco Beat Earnings?
Watsco (WSO) reported Q2 '26 revenue of $2.1B, up 2.1% year-over-year, with reported EPS of $4.00. That came in 8.7% below the $4.38 analyst estimate — an earnings miss.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Watsco’s job postings, web traffic, and employee business outlook. See the full WSO stock analysis or the earnings calendar for upcoming reports.
WSO Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $4.38 | $4.00 | Missed -8.7% |
| Q1 '26 | $1.68 | $1.87 | Beat +11.3% |
| Q4 '25 | $1.96 | $1.68 | Missed -14.3% |
| Q3 '25 | $4.29 | $3.98 | Missed -7.2% |
| Q2 '25 | $4.83 | $4.52 | Missed -6.4% |
| Q1 '25 | $2.25 | $1.93 | Missed -14.2% |
Watsco Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.16B | 1.75B | 1.53B | 2.06B | 2.07B | 1.58B | 1.53B | 2.1B |
| Gross margin | 26.2% | 26.7% | 28.1% | 29.3% | 28.8% | 27.1% | 27.9% | 27.5% |
| Operating margin | 11.6% | 7.8% | 7.3% | 13.2% | 11.4% | 6.1% | 7.2% | 11.3% |
| Net income | 171M | 97M | 80M | 184M | 162M | 72M | 79M | 163M |
| Net margin | 7.9% | 5.5% | 5.2% | 8.9% | 7.8% | 4.5% | 5.2% | 7.8% |
| EPS | $4.22 | $2.37 | $1.93 | $4.52 | $3.98 | $1.68 | $1.87 | $4.00 |
Watsco Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Watsco’s quarterly revenue moved from $2.16B to $2.1B. Net margin held roughly steady from 7.9% to 7.8%, against a 27.5% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Watsco has beaten Wall Street EPS estimates in 2 of its last 8 reported quarters.
When Is Watsco’s Next Earnings Date?
Watsco reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the WSO earnings calendar.
Frequently Asked Questions: Watsco Earnings
Watsco's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Watsco reported Q2 '26 EPS of $4.00 on revenue of $2.1B (+2.1% YoY). Watsco missed estimates, reporting $4.00 vs. the $4.38 estimate.
Watsco reported Q2 '26 revenue of $2.1B, up 2.1% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the WSO AI Score.
