Filing Flows › National Vision Holdings (EYE) › Q2 2026 › vs Q1 2026
National Vision Holdings (EYE) Q2 2026 vs Q1 2026 (quarter over quarter)
National Vision Holdings's revenue fell $45.1M (-8%) from $544M in Q1 2026 to $499M in Q2 2026. The biggest changes: Products −$36.4M (-8%); Services and plans −$8.7M (-8%). Operating margin 4.3% against 8.3% (-4.0 pts).
National Vision Holdings, Q2 2026: revenue $499M (+2% year over year), operating margin 4.3%, net earnings $12.4M, operating cash flow $8.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.3% | 8.3% | -4.0 pts |
| Net margin | 2.5% | 5.7% | -3.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Products | $403M | $440M | −$36.4M | -8% |
| Services and plans | $95.7M | $104M | −$8.7M | -8% |
| Revenue | $499M | $544M | −$45.1M | -8% |
| Operating profit | $21.3M | $45.2M | −$23.9M | -53% |
| Costs & expenses | $478M | $499M | −$21.1M | -4% |
| Pre-tax earnings | $18.0M | $42.4M | −$24.4M | -58% |
| Other expense, net | $3.3M | $2.8M | $489K | +17% |
| Cost of revenue | $208M | $219M | −$10.8M | -5% |
| SG&A | $243M | $256M | −$12.7M | -5% |
| Other operating costs | $25.7M | $23.4M | $2.3M | +10% |
| Net earnings | $12.4M | $31.2M | −$18.8M | -60% |
| Income tax | $5.5M | $11.2M | −$5.7M | -50% |
| Operating cash sources | $42.0M | $61.6M | −$19.6M | -32% |
| Depreciation & amortization | $23.2M | $23.4M | −$221K | -0.9% |
| Share-based compensation | $6.4M | $7.0M | −$656K | -9% |
| Working capital & other | $33.9M | −$60K | $34.0M | — |
| Operating cash flow | $8.1M | $61.7M | −$53.6M | -87% |
| Capital expenditures | $22.2M | $17.6M | $4.6M | +26% |
| Negative free cash flow (OCF − capex) | $14.1M | −$44.1M | $58.2M | — |
Questions
How much did National Vision Holdings's revenue grow quarter over quarter in Q2 2026?
National Vision Holdings's revenue fell $45.1M (-8%) from $544M in Q1 2026 to $499M in Q2 2026.
What drove National Vision Holdings's revenue change in Q2 2026?
Products −$36.4M (-8%); Services and plans −$8.7M (-8%).