Filing Flows › Cencora (COR) › Q2 FY26 › vs Q1 FY26
Cencora (COR) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Cencora's revenue fell $7.6B (-9%) from $85.9B in Q1 FY26 to $78.4B in Q2 FY26. Gross margin 4.6% against 3.6% (+1.0 pts).
Cencora, Q2 FY26: revenue $78.4B (+4% year over year), operating margin 1.5%, net earnings $1.6B, operating cash flow $1.3B. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 4.6% | 3.6% | +1.0 pts |
| Operating margin | 1.5% | 0.9% | +0.6 pts |
| Net margin | 2.1% | 0.7% | +1.4 pts |
| Free cash flow margin | 1.5% | -2.8% | +4.3 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $78.4B | $85.9B | −$7.6B | -9% |
| Gross profit | $3.6B | $3.1B | $516M | +17% |
| Cost of revenue | $74.8B | $82.9B | −$8.1B | -10% |
| Other income, net | $946M | −$51.8M | $998M | — |
| Operating profit | $1.1B | $760M | $382M | +50% |
| Operating expenses | $2.4B | $2.3B | $134M | +6% |
| Pre-tax earnings | $2.1B | $709M | $1.4B | +195% |
| SG&A | $2.0B | $1.8B | $182M | +10% |
| Other operating costs | $468M | $516M | −$48.1M | -9% |
| Net earnings | $1.6B | $566M | $1.1B | +188% |
| Income tax | $459M | $143M | $317M | +222% |
| Depreciation & amortization | $249M | $260M | −$11.1M | -4% |
| Share-based compensation | $28.0M | $66.1M | −$38.1M | -58% |
| Working capital & other | $568M | $3.2B | −$2.6B | -82% |
| Operating cash flow | $1.3B | −$2.3B | $3.6B | — |
| Free cash flow (OCF − capex) | $1.2B | −$2.4B | $3.6B | — |
| Capital expenditures | $166M | $119M | $46.2M | +39% |
Questions
How much did Cencora's revenue grow quarter over quarter in Q2 FY26?
Cencora's revenue fell $7.6B (-9%) from $85.9B in Q1 FY26 to $78.4B in Q2 FY26. Gross margin 4.6% against 3.6% (+1.0 pts).