Filing Flows › Camping World Holdings (CWH) › Q2 2026 › vs Q1 2026
Camping World Holdings (CWH) Q2 2026 vs Q1 2026 (quarter over quarter)
Camping World Holdings's revenue rose $579M (+43%) from $1.4B in Q1 2026 to $1.9B in Q2 2026. The biggest changes: RV and Outdoor Retail +$573M (+44%); Good Sam Services and Plans +$6.2M (+13%). Operating margin 4.7% against 1.6% (+3.1 pts).
Camping World Holdings, Q2 2026: revenue $1.9B (-2% year over year), operating margin 4.7%, net earnings $26.9M, operating cash flow $399M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.7% | 1.6% | +3.1 pts |
| Net margin | 1.4% | -1.2% | +2.6 pts |
| Free cash flow margin | 19.1% | -7.4% | +26.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| RV and Outdoor Retail | $1.9B | $1.3B | $573M | +44% |
| Good Sam Services and Plans | $54.6M | $48.5M | $6.2M | +13% |
| Revenue | $1.9B | $1.4B | $579M | +43% |
| Operating profit | $91.8M | $22.1M | $69.8M | +316% |
| Costs & expenses | $1.8B | $1.3B | $510M | +38% |
| Pre-tax earnings | $45.1M | −$26.7M | $71.8M | — |
| Other expense, net | $46.8M | $48.8M | −$2.1M | -4% |
| Cost of revenue | $1.4B | $951M | $444M | +47% |
| SG&A | $411M | $358M | $52.6M | +15% |
| Other operating costs | $35.7M | $22.9M | $12.7M | +55% |
| Net earnings | $26.9M | −$16.4M | $43.3M | — |
| Minority interests | $16.9M | −$10.3M | $27.1M | — |
| Income tax | $1.4M | −$84K | $1.5M | — |
| Depreciation & amortization | $24.6M | $22.7M | $1.9M | +8% |
| Share-based compensation | $4.4M | $4.8M | −$390K | -8% |
| Working capital & other | $343M | −$76.7M | $420M | — |
| Operating cash flow | $399M | −$65.6M | $464M | — |
| Free cash flow (OCF − capex) | $369M | −$100M | $469M | — |
| Capital expenditures | $29.6M | $34.7M | −$5.1M | -15% |
Questions
How much did Camping World Holdings's revenue grow quarter over quarter in Q2 2026?
Camping World Holdings's revenue rose $579M (+43%) from $1.4B in Q1 2026 to $1.9B in Q2 2026.
What drove Camping World Holdings's revenue change in Q2 2026?
RV and Outdoor Retail +$573M (+44%); Good Sam Services and Plans +$6.2M (+13%).