AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue grew 5.2% YoY to $816M on organic strength in Industrial and Consumer, while a $191M gain on the Employee Health and Safety software divestiture pushed net income to $254M, more than double the prior-year quarter.
Biggest Revenue Drivers
Industrial$402M+7.8% YoY
Organic growth of $27M driven by Ongoing Certification Services demand for materials and energy/automation, plus higher Certification Testing
Consumer$362M+6.5% YoY
Organic growth of $21M led by Certification Testing demand for consumer technology, plus Non-certification Testing growth in retail
Biggest Revenue Drivers
Total revenue: $816M+5.2% YoY
Industrial$402M+7.8% YoY
Organic growth of $27M driven by Ongoing Certification Services demand for materials and energy/automation, plus higher Certification Testing
Consumer$362M+6.5% YoY
Organic growth of $21M led by Certification Testing demand for consumer technology, plus Non-certification Testing growth in retail
Risk & Compliance Software$52M-17.5% YoY
Sale of the Employee Health and Safety software business cut revenue $14M, partly offset by $3M organic growth in software subscriptions for supply chain insights
Largest Expense Items
Cost of revenue$399M+1.3% YoY
Higher performance-based incentive costs, depreciation on new lab capacity, and professional fees, partly offset by the divested software business
Selling, general and administrative expenses$267M+9.4% YoY
Higher employee compensation from performance share units and annual cash bonus plan, plus increased professional fees tied to higher sales volumes
Margins: Operating margin improved to 18.4% from 17.9% as revenue growth outpaced cost of revenue growth, though SG&A grew faster than revenue on higher incentive compensation. Net income margin jumped to 31.1% largely due to the one-time $191M divestiture gain.
Watch Items from the Filing
Net income of $254M was boosted by a non-recurring $191M pre-tax gain on the sale of the Employee Health and Safety software business, not core operating performance.
Risk & Compliance Software segment revenue fell 17.5% YoY (to $52M) due to the divestiture, with underlying organic growth of only 4.8%.
A putative class action (Martucci v. Underwriters Laboratories) alleges UL concealed defects in certified alarm systems; the company cannot yet estimate a possible loss.
Pending €575M acquisition of Electrical and Electronics Testing LUX Holding SARL, expected to close Q4 2026, carries a €34.5M break fee if terminated due to ULH's failure to meet regulatory deadlines.
Effective tax rate rose to 24.9% from 22.4% YoY, driven by state/local taxes and foreign tax effects.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Williams George AReporting ownerGrant or award · Sep 10, 2026
About UL Solutions Inc. (ULS): stock profile, AI score and financials
UL Solutions Inc. (ULS) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores ULS at 65.8/100 on a composite quality score built from its SEC filings, placing it at rank #451 of 2,925 stocks — the top 25% of the AI-ranked universe. ULS scores in the top quartile across balance sheet strength (94.3), profitability (80.3). Shareholder dilution risk is elevated at 44.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), UL Solutions Inc. reports quarterly revenue of $816.0M, net income of $246.0M, an operating margin of 18.4%. Top institutional holders of ULS by reported 13-F value include BlackRock, T. Rowe Price Investment Management, Capital International Investors, based on the most recent SEC filings. ULS trades on the NYSE exchange and files with the SEC under CIK 1901440. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ULS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UL Solutions Inc. directly from SEC EDGAR.