Filing Flows › Cheesecake Factory (CAKE) › Q2 2026 › vs Q1 2026
Cheesecake Factory (CAKE) Q2 2026 vs Q1 2026 (quarter over quarter)
Cheesecake Factory's revenue rose $50.8M (+5%) from $979M in Q1 2026 to $1.0B in Q2 2026. The biggest changes: The Cheesecake Factory restaurants +$39.0M (+6%); North Italia +$9.0M (+10%); Other +$3.3M (+4%). Operating margin 7.6% against 5.6% (+2.0 pts).
Cheesecake Factory, Q2 2026: revenue $1.0B (+8% year over year), operating margin 7.6%, net earnings $68.4M, operating cash flow $92.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.6% | 5.6% | +2.0 pts |
| Net margin | 6.6% | 5.1% | +1.6 pts |
| Free cash flow margin | 4.8% | 5.5% | -0.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| The Cheesecake Factory restaurants | $729M | $690M | $39.0M | +6% |
| Other FRC | $104M | $105M | −$490K | -0.5% |
| North Italia | $98.4M | $89.5M | $9.0M | +10% |
| Other | $97.7M | $94.4M | $3.3M | +4% |
| Revenue | $1.0B | $979M | $50.8M | +5% |
| Operating profit | $78.6M | $55.0M | $23.6M | +43% |
| Costs & expenses | $951M | $924M | $27.2M | +3% |
| Pre-tax earnings | $76.9M | $53.4M | $23.6M | +44% |
| General & admin | $65.6M | $63.9M | $1.7M | +3% |
| Other operating costs | $885M | $860M | $25.6M | +3% |
| Net earnings | $68.4M | $49.5M | $18.8M | +38% |
| Income tax | $8.5M | $3.8M | $4.7M | +124% |
| Depreciation & amortization | $29.1M | $28.0M | $1.1M | +4% |
| Share-based compensation | $8.8M | $7.0M | $1.7M | +25% |
| Working capital & other | $14.1M | −$12.2M | $26.2M | — |
| Operating cash flow | $92.2M | $96.7M | −$4.5M | -5% |
| Free cash flow (OCF − capex) | $49.3M | $53.3M | −$4.1M | -8% |
| Capital expenditures | $42.9M | $43.4M | −$447K | -1% |
Questions
How much did Cheesecake Factory's revenue grow quarter over quarter in Q2 2026?
Cheesecake Factory's revenue rose $50.8M (+5%) from $979M in Q1 2026 to $1.0B in Q2 2026.
What drove Cheesecake Factory's revenue change in Q2 2026?
The Cheesecake Factory restaurants +$39.0M (+6%); North Italia +$9.0M (+10%); Other +$3.3M (+4%).