Filing Flows › Chewy (CHWY) › Q2 FY26
Chewy (CHWY) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 10, 2025
Chewy (CHWY) reported revenue of $3.1B for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and -0.4% from the quarter before. Operating margin was 2.2%, net earnings $62.0M (2.0% of revenue).
Chewy, Q2 FY26: revenue $3.1B (+9% year over year), operating margin 2.2%, net earnings $62.0M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -0.4% | +9% |
| Gross profit | $942M | +2% | +12% |
| Operating profit | $69.7M | -9% | +117% |
| Net earnings | $62.0M | -0.6% | -79% |
| Operating cash flow | $134M | +55% | +9% |
| Free cash flow | $106M | +117% | +16% |
What changed
Revenue was $3.1B in Q2 FY26, up 9% year over year and roughly flat from the previous quarter.
Gross margin was 30.4%, up 0.8 points from a year earlier. Operating profit was $0.07B, a 2.2% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 1% margin then. Operating expenses grew 7% against revenue growth of 9%. Net earnings were $0.06B, down 79% year over year. The effective tax rate was 16.2%.
Operating cash flow was $0.13B (up 9% year over year), 216% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.03B left free cash flow of $0.11B.
Questions
What was Chewy's revenue in the second quarter fiscal 2026?
Chewy (CHWY) reported revenue of $3.1B for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and -0.4% from the quarter before.
Was Chewy profitable in the second quarter fiscal 2026?
Operating profit was $69.7M (2.2% of revenue) and net earnings $62.0M.
Source: Chewy 10-Q on SEC EDGAR.