QXO, Inc. reported second-quarter 2026 revenue of $3.2 billion, up 70.3% from a year earlier and slightly ahead of the $3.2 billion analyst estimate. Gross profit nearly doubled to $803 million, reflecting strong top-line growth for the period.
Despite the revenue surge, profitability remained under pressure. The company posted an operating loss of $42 million and a net loss attributable to common shareholders of $55 million, or $(0.14) per diluted share. The results came in below the consensus EPS estimate of $0.08.
Cash generation was also negative in the quarter, with operating cash flow of $(216.6 million) and capital spending of $(31.5 million). QXO ended the period with $2.8 billion in cash and cash equivalents, while total liabilities stood at $10.3 billion.
Following the release, QXO stock rose 2.3% after the market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
QXO, Inc. Hedge Fund Activity
We have seen 387 institutional investors add shares of QXO, Inc. stock to their portfolio, and 214 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAILLIE GIFFORD & CO added 33,132,722 shares (+224.9%) to their portfolio in Q2 2026, for an estimated $572,533,436
- BLACKROCK, INC. added 21,252,280 shares (+84.1%) to their portfolio in Q2 2026, for an estimated $367,239,398
- UBS GROUP AG added 14,956,865 shares (+98.2%) to their portfolio in Q2 2026, for an estimated $258,454,627
- MORGAN STANLEY added 11,860,833 shares (+15.9%) to their portfolio in Q2 2026, for an estimated $204,955,194
- ORBIS ALLAN GRAY LTD removed 11,533,149 shares (-13.5%) from their portfolio in Q1 2026, for an estimated $223,973,753
- FRED ALGER MANAGEMENT, LLC added 6,480,775 shares (+40.7%) to their portfolio in Q1 2026, for an estimated $125,856,650
- FIL LTD added 5,442,741 shares (+488.4%) to their portfolio in Q2 2026, for an estimated $94,050,564
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
QXO, Inc. Price Targets
Multiple analysts have issued price targets for $QXO recently. We have seen 7 analysts offer price targets for $QXO in the last 6 months, with a median target of $28.0.
Here are some recent targets:
- Jeffrey D. Hammond from Keybanc set a target price of $28.0 on 07/01/2026
- Anthony Pettinari from Citigroup set a target price of $28.0 on 05/15/2026
- Trey Grooms from Stephens & Co. set a target price of $26.0 on 05/14/2026
- David Manthey from Baird set a target price of $30.0 on 05/13/2026
- Scott Schneeberger from Oppenheimer set a target price of $32.0 on 04/27/2026
- Mike Dahl from RBC Capital set a target price of $28.0 on 04/06/2026
